Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-17-Speech-3-171"
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"en.20081217.16.3-171"2
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".
Although arguments can be made in favour of the concept of a greenhouse gas emission allowance trading system, since there is concern about chemical alterations in the atmosphere which may impact on the climate (precautionary principle) and as there are limited sources of fossil fuels and a lack of rationality in their consumption, there are aspects that give cause for concern.
Firstly, the issue of emission allowances and their subsequent trading are debatable and must be opposed because their impact on the real economy is largely unknown. This is because there is still a great deal of doubt about a range of technical solutions and because the use of these technical solutions is also dependent on the development of the financial situation in the various sectors involved (air transport, automotive industry, thermal power generation, cement industry, heavy chemicals, petrochemicals and a growing number of other energy-intensive sectors).
Secondly, the anticipated beneficiaries will be a few high-technology industrial sectors and some (just a few) financial operators. The irreversible reduction in fossil fuel consumption is being imposed by the restricted availability of sources. Allocation to each sector must be based more on urgent social needs and economic rationality than on influence and financial gain. That is why we decided to abstain."@en1
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