Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-11-Speech-2-139-000"
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"en.20120911.6.2-139-000"2
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"Commissioner Hedegaard is responsible within the Commission for matters relating to the Emissions Trading System (ETS). We consider the ETS to be a sensible market economy solution for achieving a reduction in CO
emissions, and next year we will enter into the control phase. We now have a problem. As a result of the economic stagnation, of the crisis, the CO
price is no longer around EUR 14-18 as it was for many years, but is now around EUR 6-8. That does not send out a price signal. Consequently, we are considering whether we should take certain CO
emission rights, certain allowances, off the market for a period in order to achieve a certain increase in the market price. The Commission will make a decision on this in the next few weeks.
The external problem is that CO
and the ETS have not been recognised or adopted by any other regions of the world. In other words, a world market for CO
emissions has not yet arisen.
On the first topic, that of shale gas: shale gas has completely changed the world market for gas in the US. Whereas previously, the Americans were major importers of gas, of LNG gas, today they are largely self-sufficient in gas energy and have a cost factor: in the US, gas now costs only around 30% of the price of gas in the European markets.
Last week, we presented three studies on the subject of shale gas and its environmental impact and risks. We are working closely together on this: Commissioner Potočnik, Commissioner Hedegaard and I. We are following demonstration projects. We think it is good that demonstration projects are being tried out in a few Member States. At present, we believe that it is too early for further-reaching binding European rules. In general, we believe that shale gas can play a supplementary role in the European gas market, but that it will not replace existing gas entirely. We will continue to need conventional gas from third countries in the long term. Shale gas will have a supplementary function, but will not be a replacement."@en1
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"2"1
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