Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-24-Speech-2-042"
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"en.20091124.3.2-042"2
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"Madam President, ladies and gentlemen, a consistent approach to the problem of climate change, which goes beyond simply setting emission reduction targets, requires a realistic explanation of the means by which they can be achieved.
We believe that it is significant and revealing that the majority of the members of the Committee on the Environment, Public Health and Food Safety have rejected the inclusion of amendments in the draft resolution on Copenhagen which advocate – and I quote – the diversification of the instruments used to achieve emission reduction targets, avoiding being dependent on market-based instruments, and the need to carry out an evaluation of the effectiveness of these market-based instruments, along with their social and environmental effects.
The importance that the European Union attaches to market solutions is indicative of a fundamentally political and ideological choice. The purpose of this is to construct a scheme to create billions, fantasy financial assets at the service of a system that appears to have learnt nothing from the crisis in which it is currently embroiled.
The experience of implementing the European Union Emission Trading Scheme has completely discredited the value of regulation through the market and clearly demonstrated the ineffectiveness and perversity of its instruments."@en1
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