Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-103"

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"en.20081021.7.2-103"2
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"Madam President, first of all I would like to congratulate the Council on its agreement on the third way for the Climate Change and Energy package. This is a sensible solution which will allow us to avoid the compulsory purchase of the energy companies, but nevertheless ensures consistent competition. The second thing I want to say is that the subject of CO is, of course, particularly important in the context of the financial crisis, because with the auction we run the risk once again of bypassing the real economy and creating a new speculative financial instrument which will drive energy-intensive industry out of Europe. I would therefore ask you once again to consider very carefully whether the free allocation of CO certificates with a clear 20% allowance would not make more sense than taking the money away from businesses which need it to invest in innovation and research in order to achieve the 20% reduction. We need to give a boost to investment, particularly for small and medium-sized enterprises. Therefore I am also calling for the trans-European networks, in particular in the area of energy, to be significantly developed and for strategies to be developed for more effective energy efficiency measures, because this is particularly important for our small businesses, for employment in Europe and for net wages in Europe. Finally, I would like to call upon Commissioner Kovács to consider how we could get the economy moving again using tax policy and, in particular, using new and shorter opportunities for depreciation and appropriate allowances. By implementing new tax policies and incentives, it may be possible to stimulate the European economy."@en1
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