Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-15-Speech-1-030-000"
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"en.20130415.16.1-030-000"2
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"Mr President, we agreed some ten years ago that the way to stimulate low-carbon investment was to put a price on carbon. We introduced the Emissions Trading System because it was seen as the means by which industry could achieve carbon reduction goals at the least possible cost and in the most flexible manner. But, from the very moment it was introduced, we were ‘learning by doing’.
That is how the Commission introduced this in the first place. Mistakes have been made. It is true that the price of carbon is down because of the economic downturn, but it is also down because mistakes have been made in the structure of the scheme, and those mistakes need to be corrected. At the moment we are in a position where Germany and other countries are actually investing in unabated coal-fired power stations – lignite power stations, the dirtiest of the lot – and industry, especially the generators, are asking us to give them a clear signal about the pattern of investment in the future.
We look forward to structural reforms. We look forward to the Commission bringing forward proposals to implement what this Parliament has called for by a very large majority, which is the achievement of a 40% CO
reduction by 2030. In the meantime we have this measure – a sticking plaster, some would say; but if you are bleeding you put on a sticking plaster on the way to the hospital. It is necessary to take this sort of action.
Mr President, I just want to use a few seconds of my time to appeal to some of my Conservative colleagues from the United Kingdom, because collectively we have gone further than the Commission. We have introduced a ‘carbon price floor’ in order to stimulate these low-carbon investments and give an incentive to renewables and to the nuclear power industry. Our price is set much higher now than it would be even if back-loading is introduced.
It has got to be in the interests of British industry to make sure there is a level playing field, and I appeal to British Conservatives MPs – not simply for the sake of coalition policy in my country but for the sake of our industry – to support this measure and achieve a level playing field to promote low-carbon investment across the whole of the European Union."@en1
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"2"1
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