Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-02-Speech-3-122"

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"en.20030702.2.3-122"2
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". So as not to delay the adoption of this controversial directive any further, I voted for the compromise with the Council, albeit with little enthusiasm. My first concern is about the potential for cutting emissions. This text makes no reference to the technical links that exist between the activities of different operators. In the particular case of the iron and steel industry, inclusion of such a reference could have prevented the rights corresponding to blast furnace gases that are sent to electricity companies to be converted into energy that is used by iron and steel plants from being granted to the electricity companies under the national allocation plans when, without them, those companies could replace those energy sources with others such as natural gas. Paradoxically, the iron and steel companies would have to burn off their blast furnace gases, thus increasing CO2 emissions, not to mention the emission rights they will have to buy back from the electricity companies. This extra cost could well jeopardise the European iron and steel industry, which is facing increasing world competition. A more explicit reference to the right for a company to trade internally the rights corresponding to its installations in different countries would have encouraged the creation and development of pan-European companies."@en1

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