Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-04-Speech-4-107"

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"en.20081204.5.4-107"2
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". When discussing the developments relating to the European Union’s climate package, we cannot ignore the possible consequences of the financial crisis. That is to say, if governments spend their accumulated financial reserves primarily on bank rescue packages, then crucial energy investments may suffer delays. In spite of the crisis, Europe needs investments as soon as possible in expanding renewable energy sources and making significant improvements in energy efficiency. We need to invest today in order that renewable energy sources may become competitive in the near future. For the above reasons, creating an EU energy fund is an urgent task. The monetary instrument in question would serve primarily to help improve energy efficiency and expand the use of renewable energy sources. Moreover, if we really want to strengthen the European Union’s common energy and climate policy, this intention must also be reflected in the next seven-year budget. In addition to strengthening EU support, the Member States must be guaranteed sufficient freedom not only to take into account the various regional differences, but also to determine their own climate policy instruments. The temporary moderation of the prices of traditional energy carriers ought not to induce complacency on the part of decision-makers, nor put to one side the commitments made in relation to renewable energy sources. If, in the shadow of the crisis, the European Union loses sight of the goals it has set for itself, this can have a harmful effect on its own credibility and its leadership role in the area of climate change."@en1

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