Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-24-Speech-3-302"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20080924.32.3-302"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"Mr President, I really would like to reassure you that oil prices will go down. But I would like to draw attention to the issues that somehow we have underestimated. Oil markets have ensured the physical delivery of oil, gas markets are delivering physical supplies of gas and coal markets deliver coal. That means that the interaction between financial markets and oil markets can work. In other words we do not need to question the market, but we need to change the way we produce and consume energy inside the European Union. This is the real answer, because we cannot expect the market to become easier.
There is growth. If growth is there, then there is more demand for energy resources, and none of the existing energy resources are in such quantities that we can say easy access is guaranteed. So for this we need a paradigm shift, we need to really invest in energy efficiency, renewables, research and development: a new investment.
But for this we need money, coming from both private investors and public investors. So we should be able to do this only if there is a really functioning market. A really functioning market means that everybody pays the real price to cover not only the cost but also the interest on investment. What we need to concentrate on – and there is EU existing legislation on this – is public service obligations that apply to households or small and medium-sized enterprises that really need it. But we should not deviate from this course.
I believe – and I have said it again and again – that the proposals made in the second package are crucial to making this change, and for this to be strengthened we will add a couple of elements in the second strategic energy review under the headings: infrastructure needs and diversification of energy supplies, external energy relations, oil and gas stocks and crisis mechanisms, energy efficiency and making the best use of the EU’s indigenous energy sources.
We are on the right track. We do not need to deviate and believe that there is a magic solution that will bring prices down immediately. But, if we follow this path, we can really guarantee that already in this generation we will have efficient, affordable, clean energy. If we are slow in changing the energy sector, then not only will we suffer but also the next generations will suffer.
So we are at this critical stage and, as the Minister said, energy is this century’s main issue. It is a main issue, but the public perception is not always there. The belief is that we have this silver bullet which will change everything. We should continue on the path we have started with Parliament, and I believe it is consistency that matters, and I very much hope that the proposed legal proposals will be adopted during this Parliament. It is crucial: this is the best response to the rising oil prices."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples