Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-18-Speech-3-266"

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"I mentioned in my opening speech the findings of the competent bodies that the reasons for the higher oil prices are structural in nature. This is an important finding. In this debate the influence of speculation has been mentioned several times. I do not wish either to deny this or minimise it, but I would stress that speculation in itself does not lead to higher energy prices, unless structural reasons are provided for this. And they have been provided. This demands longer-term measures. The time of cheap energy, at least that from fossil sources, is probably over for some time, probably for a long time. This in turn demands long-term action from the European Union, which I have already mentioned and which would pursue two directions. Firstly, increasing energy efficiency and in this way reducing our consumption, among other things. In turn this reduces the dependence of Europe and the European economy on imported energy from fossil sources. Secondly, diversification, and especially a move towards renewable energy sources. Here I agree with Mr Papadimoulis, that more needs to be invested in renewable energy sources, but greater investment is being encouraged precisely by higher fossil fuel prices of. If those prices become cheap again, if we make them cheap through some sleight of hand, we will reduce the motivation to finance and invest in renewable sources. Irrespective of the fact there is broad consensus on the need for long-term measures, we cannot of course forget the short-term problems we are facing. They have been mentioned, and I would reiterate them once here. High energy prices are a particular problem for the poorer strata in our Union, they are a particular problem for fishermen – and a debate on this will be held in the next item on the agenda – and they are a particular problem for hauliers. Here of course it makes sense to study, consider and adopt appropriate measures. Among these measures we would of course not rule out revising taxation in the European Union. I can say that the Council will express the expectation here that it will receive presently from the European Commission proposals on this issue, the taxation of energy products. Permit me to conclude with the following thought. I think that this debate is being held at a highly appropriate time, the day before the start of the European Council meeting, at which one of the main points of discussion will be high oil prices."@en1

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