Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-13-Speech-2-752-000"

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"Madam President, as we have seen in this debate, there are various man-made atmospheric emissions that could affect the Earth’s climate. However, as we know, the European Union’s approach to climate change has been to focus almost exclusively on carbon dioxide. This cannot be unrelated to the fact that it is the compound chosen to construct a scheme to create billions in fantasy financial assets through so-called carbon trading. However, where these so-called market solutions – which have also been applied to other compounds, in theory and in practice – have already been tested, I would say that they have not proven to be effective but rather, on the contrary, they have proven to be ineffective and perverse. In order to limit emissions of gases capable of affecting the Earth’s atmosphere, there is therefore a need for a regulatory approach, as an alternative to so-called market solutions: an approach that takes account of the possibilities opened up by scientific and technical knowledge, and developments in scientific and technical knowledge, the specific situation of each country and a necessary and profound change to the current most dominant mode of production at global level."@en1
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