Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-329"
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"en.20081216.36.2-329"2
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"−
Mr President, the conclusions of the European Council on the proposal to revise the European Union greenhouse gas emission allowance trading system are highly satisfactory, especially if we bear in mind how complex and technical this system is. When the Commission tabled its proposal a year ago, its aim was both to improve and extend the greenhouse gas emission allowance trading system, so that it could make a substantial contribution towards the objectives of reducing emissions of carbon dioxide in the European Union, and to make it the core, the standard for other greenhouse gas trading systems throughout the world.
The compromise agreement retains all the relatively important points of the proposal, especially the overall upper limit on emissions of carbon dioxide with the linear reduction, in order to achieve the overall objective of a 20% reduction. It also retains the gradual adoption of full auctioning. I should point out that, in the first and second trading periods, the total percentage auctioned was approximately 5%. Now, in the third period starting in 2013, at least 50% of allowances will be traded and this will gradually increase year on year. Furthermore, as a result of the compromise proposal, the allocation rules are harmonised, so that everyone has the same capabilities, and this is also a very important achievement. The compromise proposal absolutely safeguards environmental integrity and the objective of protection and addresses the concerns and fears of industry by guaranteeing certainty on a long-term basis and incorporating special provisions for those industries in danger of relocating due to the fact that there is no international agreement restricting emissions of carbon dioxide and other greenhouse gases.
The European Union trading system is already the largest in the world and, of course, with the problems which we had identified and which we have corrected in this proposal, it will become even more efficient and capable of linking up with the various other systems which are being set up internationally. I should like once again to thank the French Presidency for its immense efforts and, in particular, the rapporteur, Mrs Doyle, on her very important contribution in formulating the compromise agreement and, of course, all of you who voted in favour of the proposal."@en1
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