Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-10-Speech-4-025"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-10-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Greenhouse gas emission allowance trading2
dcterms:Language	"fi"^^xsd:language2
lpv:document identification number	"en.20021010.1.4-025"2
lpv:hasSubsequent	lp_eu:2002-10-10-Speech-4-0262
lpv:speaker	lp:Esko Seppänen2
lpv:spokenAs	member; Committee on Industry, External Trade, Research and Energy (2002-01-17--2004-07-19)3 substitute; Delegation to the EU-Estonia Joint Parliamentary Committee (2002-02-07--2004-04-30)3 unknown; Vasemmistoliitto (1999-07-20--2004-07-19)3 member; Delegation to the European Economic Area Joint Parliamentary Committee (EEA) (2002-02-07--2004-07-19)3 member_of_the_bureau; EUL/NGL (1999-10-13--2004-07-19)3 substitute; BUDG (2002-01-17--2004-07-19)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2002-02-07--2004-07-19)3
lpv:translated text	"Mr President, to prevent global climatic change the United States of America proposed a worldwide system of greenhouse gas emissions trading and the creation of emission allowance markets for that purpose. However, the United States did not join the scheme, which is to get under way at the start of 2008. The Commission has suggested that the cap-and-trade scheme, which the United States rejected, should commence in 2005. The same mandatory system has been proposed for everyone, with reductions in emissions being based on market mechanisms. With this instrument a market is to be created. The fact that it is a market will not bring about a reduction in emissions. The radio spectrum auctions in the European market were a catastrophe. Besides, the Commission proposal is not a market mechanism. It involves an administrative distribution of emission allowances among countries as well as the different companies located in them. Crucial to the scheme’s success is the initial allocation, and that is not a market mechanism. Companies in countries that have set themselves ambitious targets in emission cuts will be at a disadvantage compared with the others. The companies that have reduced their emissions before the allowances become effective will be punished. For them it will be more expensive to increase low-emission production than for companies which produce large volumes of emissions. Those countries and companies that use a lot of nuclear or hydroelectric power are being favoured. The EU trade in emission allowances should not be mandatory before 2008: until then let it be an optional pilot project for Member States."@en1

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