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Europe |
France STILL Thinks They’re "Special" |
2004-05-19 |
Severely EFL Press Briefing by Margot Wallström, European Commissioner for the Environment, Brussels, 18 May 2004 *snip* The EU is determined to take the lead and reduce our greenhouse gas emissions. We are all in this together - Member States must support each other in their efforts to reduce emissions and each of them knows that for the single EU wide trading system to work they must all follow the same rules and criteria. Blah, blah, blah... Last year the Member States took the *snip* As you probably know, EU-15 Member States were required to submit their plans by 31 March and EU-10 by 1 May. To date we have received 12 plans. What, you mean some countries *snip* The total quantity of allowances is the key decision. My first impression is that many of the notified plans go for a rather high quantity of allowances. And you were surprised about this why, exactly? This is All markets require some scarcity to function. [Not scarcity imposed by the government, twit.] The perceived lack of scarcity is being clearly reflected in the market price of allowances that are already being traded. The Commission has noted that the price of allowances has fallen from €13 in January to around €7 now. Too many allowances, and a resulting low price of allowances, will create little incentive to *snip* Therefore I have decided to That would be Belgium, Greece, France, Italy, Portugal, and Spain. Our "friends" the Frogs didn’t turn in their homework on time? I’m shocked! (NOT) Plus c’est change, plus c’est meme chÃŽse |
Posted by:Barbara Skolaut |