Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-04-19-Speech-1-146"
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"en.20040419.12.1-146"2
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".
Madam President, first I should like to thank the European Parliament and especially the rapporteur, Mr de Roo, for the work on the report and, in particular, the very constructive attitude in the negotiations on the compromise package, which should allow us to reach a first-reading agreement on this important proposal.
A first-reading agreement on what is termed a 'linking' directive will have been reached within a mere 10 months, confirming the European Union's strong continuing commitment to the Kyoto Protocol and its flexible mechanisms. A first-reading agreement reaffirms the high priority that the European Union gives to taking concrete action to tackle climate change. It will provide an important signal to our partners, in particular developing countries and economies in transition, including Russia, of our continuing support for the Kyoto Protocol and our firm intention to tackle climate change multilaterally. It will assist our partners in their sustainable development through the transfer of environmentally sound technologies and know-how.
The compromise package before Parliament will give an important boost to the Kyoto Protocol and its project mechanisms: Joint Implementation and the Clean Development Mechanism. It will create a demand for credits from JI and CDM projects by allowing around 12 000 companies across Europe to use Joint Implementation and Clean Development Mechanism credits for compliance with their obligations under the EU Emissions Trading Scheme. By doing so it will enhance the cost-efficiency of the EU Emissions Trading Scheme in a way that also benefits developing countries and economies in transition.
I want to emphasise that the agreement being discussed today is fully consistent with the Kyoto Protocol's implementing provisions, which are usually referred to as the Marrakech Accords. As you know, the Kyoto Protocol contains no provisions on how companies can use JI and CDM credits. This directive now clarifies how this will be implemented by the European Union.
The compromise package before you is very delicately balanced. It addresses Parliament's concerns by providing a careful balance between the quality and quantity of the Joint Implementation and Clean Development Mechanism credits to be used in the EU trading scheme while at the same time keeping it robust and simple.
The Commission would now ask you to support this compromise package and, in doing so, take another determined step in strengthening the European Union's response to the challenge of climate change."@en1
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