Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-02-Speech-3-123"
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"en.20030702.2.3-123"2
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".
I welcome this proposal for a directive, which constitutes the first step towards the creation of an international market in greenhouse gas emission allowance trading. The Union has been able to blaze the trail in this area, ahead of the launch, in 2008, of the international scheme set out in the Kyoto Protocol. The rapporteur’s excellent work has made a significant contribution to this process.
The directive will create an EU greenhouse gas emissions market, introducing emission allowances for industrial installations. These allowances will have to be allocated by the authorities in each Member State.
I find the Commission’s amendment proposing a hybrid method particularly commendable. According to this amendment, which was adopted at first reading, 15% of emission allowances will have to be sold and the rest allocated free of charge (the ‘grandfathering’ method also favoured by the Commission), throughout the period from 2005 to 2012.
The adoption of this directive will usher in a new era, characterised by a culture of responsibility among both companies and states. It will bring operators and political representatives together on a path which citizens fervently wish them to follow."@en1
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