Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-15-Speech-4-032-000"

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"en.20120315.6.4-032-000"2
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"Mr President, of the many issues being discussed in this debate, I would like to emphasise that of the emissions trading market, a market that has certainly been flawed from the outset. However, the current restriction of allowances and the economic crisis have led to a drastic fall in the price of carbon; that is to say, the price has fallen so much that it is now cheap to pollute. The design of the policy for this market therefore requires an urgent revamp, as its deterioration threatens all our green efforts and all of the European Union’s green policies. If emission allowances are not valued, it provides an incentive to increase emissions, polluting industries will not invest in new technologies and, worse still, the funding of important projects will be in jeopardy, such as, for example, energy efficiency projects or carbon storage plants. That is the risk. It is down to us, the Commission and Parliament, to address it."@en1
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