Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-068-000"
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"en.20110929.4.4-068-000"2
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"Madam President, we all acknowledge the need to set ambitious targets for reducing greenhouse gas emissions so that we can combat climate change, and we are proud that the European Union is the global leader in this important battle. At the same time, I believe that we need to adopt a pragmatic approach and examine closely the impact of these measures.
Stopping the free allocation of allowances to electricity producers will naturally have repercussions for the price of energy, which will have an impact on the competitiveness of energy-intensive industries, such as the steel industry. Member States and the sector are obviously affected in different ways, depending on the method used to produce electricity and the type of furnace, powered either by fuel or electricity, as also mentioned by Mr Pirillo. In my country, Romania, for example, half of the total amount of steel is produced in electric furnaces, which means that there will be a far-reaching impact. I firmly believe that similar situations are encountered in other Member States as well. I would like to stress that the steel market is a global market and that the emission reduction targets are likely to distort competition between producers.
At a time when a global agreement has not been reached on emission reduction targets, European Union industry is subject to pressure to which companies in countries that have not set such ambitious targets are not subject. This is why the risk of leakage is very real and must be tackled as such. To eliminate this risk, the Commission should clearly stipulate in future State aid guidelines that all the industries on the list adopted by the decision of 24 December 2009 are eligible to receive compensation for the costs incurred by indirect emissions. These compensatory measures also have to be proportionate to the level of indirect costs generated by the Emissions Trading System.
Failing this principle, only a partial solution is provided to the problem, which will pose a threat to the industry’s competitiveness and, therefore, to several thousand jobs in the European Union, and will mean failure in terms of the global reduction in carbon emissions."@en1
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