Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-17-Speech-3-190"
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"en.20081217.16.3-190"2
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"I have supported from the very outset the proposal to switch automatically from a target of 20% to 30% in the event of signing an international agreement. However, last week’s negotiations have resulted in reaching a compromise whereby the method for switching to this level must be based on a new procedure.
This decision was made as a precautionary measure to take into account the possibility of a rise in the price of carbon in the future. But I am pleased to learn that the 30% target will remain a priority objective in order to avoid the average temperature rising by more than 2 ºC, as was specified at the European Council meeting held in March 2007. An international agreement implies a global effort to combat and adapt to climate change and the financial aid granted to the developing countries will provide an incentive for them to become involved in the effort to reduce greenhouse gas emissions.
In order to retain its credibility in relation to the aid it is granting to developing countries, the European Union must ensure that the financing of CDM projects will maintain sustainable development of these countries and that part of the revenue resulting from auctioning emission credits is used to support them."@en1
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