Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-12-Speech-1-182"
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"en.20071112.21.1-182"2
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"Mr President, we propose to bring a new industry, aviation, into the European emissions trading system (ETS), yet that system is spectacularly failing. It has not reduced carbon emissions at all, yet it has created a whole new stratum of bureaucracy, administration and expense for industry. It has transferred large sums of money from countries which have been responsible with initial allocations to those which have been profligate, notably from Britain to France and Germany. Within Britain it has had the perverse effect of transferring funds from hospitals to big oil companies.
The ETS has created a complex web of politically influential vested interests and rent seekers who have lobbied to manipulate the system for their own ends. The Commission’s plans to get tough over allocations will simply move the problem on. With lax limits on allocations bought in from outside Europe, EU funds will flow to countries like China, where regulation is minimal and records may not be accurate. So big foreign polluters will make vast profits for little effort, great damage will be done to European economies and CO
emissions will continue unchecked. Mr President, it is quite simply scandalous that we propose to bring a new industry into this failing system. I say to you that you must put your own house in order before you think of extending it."@en1
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"2"1
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Named graphs describing this resource:
The resource appears as object in 2 triples