Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-10-10-Speech-4-033"

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"Mr President, the Kyoto Protocol was widely welcomed as an important step in combating the climate changes threatening life on our planet. However, under pressure from the USA, the protocol contains a loophole which allows countries or companies to avoid honouring their commitments. I refer to the system of greenhouse gas emissions trading. It is unthinkable that an entire market should be created in order to trade in pollution as a commodity, a market on which, instead of reducing their emissions, companies can buy surplus emissions from other companies which are within their limits. It is equally unthinkable that people should cite the right to pollute. Taken in conjunction with the famous ‘polluter pays’ principle, this means that anyone who can pay the price has a licence to pollute with impunity. We are horrified that the European Union has based its policy for implementing the Kyoto Protocol on emissions trading and is addressing the whole problem in market terms. This shows just how hypocritical its proclamations on the environment and climate are. In theory it supports the Kyoto Protocol; in practice it undermines it. Reducing emissions of greenhouse gases and allowing monopolies to keep making obscene profits are mutually exclusive. Of course, in the capitalist system, everything can be bought and sold, even pollution. However, climate and the future of life on our planet cannot be bought and sold. The protection of our planet is in the hands of the grass-roots movement."@en1

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