Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-074-000"
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"en.20110929.4.4-074-000"2
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"Madam President, I would like to thank my colleague, Mr Pirillo, for this question. I would like to underline that the role of the EU ETC is to induce a positive change in the energy-intensive and emission-intensive industries towards more efficient technology. The ETC does not consider the competitiveness of the industries mentioned, which are caught in the middle between making investments to reduce emissions, thus internalising the debt service at their cost, and using market mechanisms to maintain existing technologies, i.e. internalising the cost of emissions certificates.
It is important to note that the timeline for technological change in these industries is rather long, in contrast to market dynamics. The effects on the competitiveness of these sectors induce the risk of lost production cells and emissions reallocation, leading to job losses and to serious social effects. For example, Romania is highly exposed to carbon leakage as it is located at EU borders. We call on the Commission to take all the necessary measures."@en1
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