Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-02-Speech-2-255"
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"en.20030902.10.2-255"2
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"Question No 44 by Eija-Riitta Anneli Korhola ():
The EU is drafting a directive on credits obtainable from Joint Implementation (JI) and Clean Development Mechanism (CDM) projects which comply with the Kyoto Agreement, which credits would be convertible into emission rights that would have a monetary value for purposes of emissions trading. An instrument would thus be created which would enable some development projects to earn money. At the same time it is likely that this will make one more tool available which could help to attain the UN’s target of 0.7% of GNP. The EU also intends to hold emission rights itself.
Despite the bright prospects, a satisfactory outcome will be attainable only through careful planning and a well-considered strategy. Is the Directorate-General which is responsible for development cooperation at the Commission aware of the nature of CDM projects and the opportunities they create for additional funding of development cooperation? Will the Commission guide the Member States towards a common approach? How will CDM projects be integrated with the EU’s own financial planning of development cooperation?"@en1
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"Subject: Linking Kyoto mechanism credits to development cooperation"1
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