Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-09-16-Speech-1-209-000"
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"en.20150916.15.1-209-000"2
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"Mr President, the ETS has been in place for 10 years and has totally failed to deliver the intended price signals in the market. Despite repeated tweaking – back—loading and the market stability reserve – along with other green measures it has forced up energy prices, undermined competitiveness and driven energy—intensive industries out of the EU altogether. Often these go to jurisdictions with lower environmental standards, and that arguably drives up emissions.
We have a policy that undermines our economy, costs jobs and closes plants, and yet which may add to atmospheric CO2. We have been obliged to offer derogations to energy—intensive industries to mitigate the effects of carbon leakage, but this negates a large part of the ETS system and leaves small and medium-sized businesses carrying the burden.
Why is it that we in this House, and other EU institutions, seem to be incapable of facing reality and admitting we were wrong? Here we are yet again tweaking a failed ETS system. Why do we not have the courage to say, sorry guys, we meant well, but the ETS has comprehensively failed. We will scrap it and go back to the drawing board. Just for once, let us recognise reality and apply some common sense, which is something very rare in this Parliament. It is high time we did it."@en1
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