Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-24-Speech-2-025"

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"Ladies and gentlemen, Copenhagen has failed even before the conference has begun. A deal may be struck, but there will be no legally binding agreement. President Obama is not going to get an emissions trading scheme through the Senate; his priority is health care rather than cap and trade. This means that Europe is faced with a choice: should we continue to go it alone or not? Should we, or should we not, continue to operate a compulsory emissions trading scheme on our own? We need to give this some careful thought. The price of going it alone would be very high: it would cost European industry hundreds of billions of euros in the period up to 2020, resulting in the loss of hundreds of thousands of jobs in Europe. I should like to give an example. After Houston, Antwerp has the highest concentration of chemical companies in the world, providing work for 64 000 people directly and 100 000 indirectly. Antwerp’s chemical industry would not survive if Europe were to go it alone, and perhaps it takes a Dutchman to stand up for the economic interests of that city. By 2020, its chemical industry would have gone, a victim of excessive production costs. Emissions trading also has many disadvantages. It is highly volatile; the price has plummeted from EUR 30 to EUR 8. What should we do, then? We should ensure sound development of environmental technologies, make environmental investments tax deductible, promote research, and develop environmentally friendly production technologies. This House needs a reality check. Sometimes I have the impression of being in a religious community rather than a parliament. It is technological innovation that will be our saviour, not trade in hot air."@en1
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