Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-16-Speech-2-397"
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"en.20081216.38.2-397"2
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"−
Mr President, the compromise agreement achieved on the capture and storage of carbon dioxide is highly satisfactory. I can say that it improves the initial proposal and retains all the key provisions of the Commission’s proposal. The text makes provision for strict obligations for the storage of carbon dioxide, in order to safeguard a high standard of protection of the environment and of public health, without imposing any particularly heavy administrative or financial burden on companies.
On the question of financing, which was a particular concern of the European Parliament, as Chris Davis said, up to 300 million emission allowances will be made available from the New Entrant Reserve on the basis of the Emissions Trading Directive in order to develop innovative carbon dioxide capture and storage technologies and for innovative renewable sources of energy. This amount is expected to suffice for the planned construction and operation of up to 12 carbon dioxide capture and storage plants in the European Union. The outcome of negotiations on the proposed legal framework and on the financing of the carbon dioxide capture and storage plants will pave the way for environmentally safe technology, which will be able to make an important contribution towards reducing CO
emissions.
I should like to thank the rapporteur, Mr Chris Davis, once again for his efforts in achieving the compromise agreement in question. I call on you to vote in favour of this proposal and I should like to add, in response to Mr Davis’s prayer, that, as the ancient Greeks used to say, God helps those who help themselves."@en1
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"2"1
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