Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-02-01-Speech-1-093-000"
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"en.20170201.13.1-093-000"2
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"Mr President, the main element of the Commission’s current proposal is the revision of the ETS system. You recognised the problem that you call carbon leakage. I call it driving energy-intensive businesses offshore, and you have decided to give these industries free allowances to redress the balance, but you have created your own catch—22: if you give them enough allowances to stay competitive you have no hope of achieving emissions targets, but to achieve your emissions targets you cannot give them enough allowances. You face a stark choice between competitiveness and emissions targets. You cannot have both. You are not cutting emissions; you are merely driving them offshore. You have also created a structure which involves perpetual market intervention and distortion and creates a field day for lobbyists and lawyers, as industries fight each other for an ever-decreasing pot of free allowances.
The proposal to offer a tiered structure for different industry sectors only exacerbates the problem, and the use of the top 10% as a standard implies that 90% of European industries will be at a competitive disadvantage anyway. We face competition from China with massive cheap coal-fired generation, and from the US where Donald Trump promises to make low-cost energy a main driver of the US economy. A few years ago, our new President, Mr Tajani, said that our energy policies were creating ‘an industrial massacre in Europe’. Today’s proposals are the final
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