Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-07-Speech-3-065"
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"en.20100407.4.3-065"2
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".
The final document of the March Council meeting – very properly – devoted special attention to the question of climate change. This is all the more welcome because the failure of the Copenhagen Summit has created uncertainty with regard to climate policy. Flexibility mechanisms, primarily the quota trading systems, are likely to remain important instruments for the European Union’s climate protection efforts in the future. Their functioning today, however, is still marked by contradiction. Last year, for example, a major tax fraud was perpetrated in the UK in the course of a quota transaction. Not long ago, it came to light that the quotas sold by the Hungarian Government found their way unlawfully back into the EU’s emission trading system. With the mediation of offshore companies, there was an attempt in effect to use emission rights twice. These are just two examples showing that the system of emission rights is not working smoothly. Abuses are damaging in particular to those actors who are making true efforts to mitigate environmental damage. Learning from negative examples, we need to put an end as soon as possible to the legal loopholes that lurk in the quota trading system. The European Commission must take steps against the use of permits without real performances, in bad faith, or for other than their intended purpose. In addition, we need to create full legal harmony between international and EU climate protection regulations. With a view to all these goals, it would be useful to strengthen the EU’s supervisory procedures as well. Effective climate protection regulation will continue to require flexibility mechanisms. Flexibility cannot, however, mean unpredictability and cannot create opportunities for abuse."@en1
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