Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-01-23-Speech-3-036"
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"en.20080123.6.3-036"2
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"Madam President, Commissioners, I agree with those speakers who have thanked the Commission for their good intentions. Nevertheless, we will come to learn that the devil is in the detail. With emissions trading, the price of emission rights in the EU’s wholesale electricity markets will shift towards the price of nuclear and hydroelectric power, the production of which does not require emission rights. The auctioning of emission rights will not bite into these windfall profits, and in fact in the longer term it will increase the additional, excessively large profits of these electricity companies.
Emissions trading favours the extension of nuclear power. Hopefully, the Commission has stuck to the view presented by Mr Piebalgs, that nuclear power is not a renewable form of energy.
For the time being, it is impossible to say whether the package that has been presented is well-balanced among the Member States. The requirement to increase the proportion of renewable energy in the EU to an average of 20% may put the small countries, in which this percentage is already exceeded, and large countries, where it is currently 2–6%, in unequal positions."@en1
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