Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-167"
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"en.20100308.17.1-167"2
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"Mr President, Commissioner, even though the developed countries are responsible for 80% of greenhouse gas emissions, developing countries are today paying for the worst repercussions. These extremely drastic repercussions are hitting the poorest countries, the countries which have not done anything to cause the greenhouse effect.
There are currently twenty million environmental refugees. If we do not do something straight away, there will be five hundred million by 2050. We have a serious climate-related obligation towards these countries of an estimated EUR 100 billion a year. Of this, a fair share for the European Union is EUR 35 billion.
It is vital that we immediately introduce a tax on financial transactions, so that we can fund our climate-related obligation. At the same time, this tax will allow us to pay our climate-related debt to posterity by helping to fund energy independence from coal."@en1
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