Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-01-20-Speech-3-976"

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"The current liberal trade regulations encourage higher carbon dioxide emissions. By introducing emissions trading, supporting renewable sources of energy and through investment aimed at improving energy efficiency, developed nations are making considerable efforts to curb their carbon dioxide emissions. These measures result in additional costs for businesses. What is more, energy consumption is increasingly taxed in these countries. Meanwhile, many developing countries do nothing to reduce their emission of greenhouse gases. They even constantly increase their carbon dioxide emissions. Instead of giving the largest industrial users incentives to embrace energy efficiency, they provide them with electricity at subsidised rates. Many say that nowadays, the most important comparative advantage of these countries is no longer cheap labour but cheap energy. This is why new international trade regulations need to be put in place that prevent trade from leading to further carbon dioxide emissions. We need not only ‘fair’ but also ‘green’ trade. To this end, we need to ensure that if a country fails to fulfil its commitments made in climate change agreements, there are effective legal sanctions in place."@en1

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