Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-10-Speech-2-675-000"

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"We all agree with that, of course. That is also the reason why, through the benchmark system, we have ensured that the sectors most exposed to carbon leakage will get almost all of their allowances for free. But let me correct just one misunderstanding: I think we should be very careful in the European Union and not believe that others are doing nothing. Last week, I came back from Korea. They are also introducing carbon trading now; they are finding out exactly how to do it. They will start it on 1 January 2015. China is carrying out huge pilot projects on carbon trading. They want to make it a national system in the very near future. They are also introducing environmental taxes, and so on and so forth. I could cite a lot of economies that we are competing with who have now realised that they also have to conduct ambitious environment policies, energy policies and climate policies. They have also realised that, if they do this intelligently, it will benefit their economies in the end."@en1
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