Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-15-Speech-2-623-437"
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"en.20111115.32.2-623-437"2
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"Fossil fuels are still subsidised all over the world to the tune of USD 409 billion each year. Part of this funding comes from sources which should be used to combat climate change. Coal is the fossil fuel which is most harmful to the climate. However, new coal-fired power stations are constantly being built, particularly in China and India. International funding for combating climate change offers a paradoxical incentive. The argument goes that, without the subsidies, power stations with even higher levels of emissions would have to be built. In this way, Chinese companies are earning millions in subsidies. The same game is being played with funding for disposing of refrigerants that are harmful to the climate. This continued until it became obvious that production was being increased in China specifically to obtain subsidies. Any country that wants to be a global player must take responsibility for the environment. Subsidies that clearly fail to achieve the desired objective must be stopped. We must not allow Europe to impose restrictions on its own industry and, at the same time, to help finance coal-fired power stations in China and India."@en1
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