Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-104"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20081021.7.2-104"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Madam President, it would not be far-fetched to liken the crisis in the financial markets to a hurricane: once the wind abates there is an illusion of calm, but the devastation left behind takes years to clear up, and so it will be with the economic and social consequences of the turmoil we have seen.
We have to strike a balance between continuity and adaptation in the light of changed circumstances. In terms of energy policy, that means sticking to strategic aims on security of supply, sustainability and competitiveness, while considering whether we need to change the tactics, the means. Energy is vital to our way of life and standard of living. It is a long-term industry, where building new capacity takes 5, 10 or 15 years and obviously cannot be a short-term answer to short-term challenges of the sort we face. In the same vein, tackling climate change is a long-term matter, and there is no silver bullet or simple solution.
As regards tactics, there are those who have reservations about the level and timing of the targets within the climate-energy package. There are those who were anxious about carbon leakage or the offshoring of European jobs, well before the financial crisis. Maybe we have to look at the detail, if not the principle involved, again.
However, my main concern at this time is what we should avoid doing, and that is falling into the trap of overregulation, because overregulation could precipitate something much worse: a re-run of the 1930s slump. I know well the importance of good regulation for making markets function well and for transparency, but let us not kill off the goose that lays the golden egg."@en1
|
| lpv:spokenAs | |
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples