Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-360"

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"en.20081216.36.2-360"2
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"Madam President, the objective to emit 20% less greenhouse gases by 2020 has been safeguarded. We should not kid ourselves, though. This objective was already insufficient. Science tells us that we should aim for a reduction of 25% and even 40%. I regret that the system of auctioning has been undermined in the non-electricity sector. In 2020, we will still be handing out 30% free emission rights, while the 100% auction will not be a reality until 2027. This is sending a really bad signal to those who are to discuss the world climate agreement at Copenhagen, even though the best answer to CO2 leakage is, in actual fact, a worldwide agreement. No worldwide agreement means that the auction system will be further undermined on account of the fact that free emission rights will continue to be awarded to 96% of the companies. Lower proceeds from auction rights mean lower investment in sustainable energy and in research and development. I should like to ask Mrs Doyle the following: do you have any insight into what the expected drop in profits of the auction will be now that this system has been totally undermined?"@en1
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