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Irish EU Presidency To Privatise Pollution Rights: Cullen Gives 'Carte Blanche' to Irish Industry
international |
eu |
feature
Sunday February 08, 2004 12:44 by vlo
Irish Presidency to settle deal on European CO2 Emissions Trading Market From the Newswire: 'One of the central, but not well known, direct goals of the Irish EU Presidency is to reach agreement with the European Parliament about the CO2 Emissions Trading Market. This market is to be launched in 2005. Ministers of the EU member states are demanding a market full of loopholes, so that companies can escape reducing CO2 and other greenhouse gases on EU territory. Instead companies will be able to produce and trade the commodity “the right to pollute” by financing cheap efficiency projects in Eastern Europe and in the South. An agreement between the EU Member States and the European
Parliament should finally be reached at the end of June, but ideally
should come about before the last legislative session of the European
Parliament in April, before the elections. Ireland already held a
conference in Dublin on February 3 to discuss the various National
Allocations Plans among the Member States. These allocation plans are
the foundation of privatising the right to pollute among companies in
the EU, concerning high-polluting industries such as the steel and
paper industries. Before the end of March, all Member States should
have finished their allocation plans.
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Jump To Comment: 1 2 3You seem sceptical of the flexible mechanisms yet they are there to protect the small to medium companies who would find it difficult to meet their targets because of capital capacity etc. The larger corporations/companies have much less issues with the system because they can easily absorb the cost of clean technologies etc. Its an interesting dynamic where some see a system that is good for the environment but dont realise that it potentially forces small businesses into bankrupcy and only benefits 'big business'
The flexible mechanisms has always been the idea of several businesses (yes, the big ones) and economics, and has been heavily lobbied for during the Kyoto-Process. Where smaller businesses will come in, is not yet clear at all. There are different ideas around for incorporating small(er) businesses and even consumers in this system, but that is not at all a necessary way to go forward for the burocracies.
There are many flaws within the proposed systems. One of them is that it commodifies and privatise the sky by using 1990 levels of emissions per state, thus institutionalising inequality (to name one of the fundamental problems with the scheme). Using the phrase "pollutionrights" next to the phrase "carbon credits" is completely normal and to the point. Please, allow me to propose you to do some reading.
Greenhouse Market Mania
http://www.xs4all.nl/~ceo/greenhouse/index.html
The Sky is Not the Limit
The Emerging Market in Greenhouse Gases
http://www.tni.org/reports/ctw/sky.htm
The recent announcement by the Minister for the Environment permits Irish industries to continue to emit 96% - 98% of their current carbon dioxide emissions.
This will mean the Government will have to purchase 18.5 million tons of carbon dioxide emission credits on the international market in the years 2008 - 2012.
The Government estimates the cost per ton of carbon dioxide emissions at ?10 a ton, but if other countries follow Ireland's lead the price will rise sharply.
FIE calculates the costs could easily reach ?60 a ton, giving a total cost to the taxpayer of ?1.1 billion euro.
As the emissions credits are being given to industry for free, it is hard to see how the Minister can make good on his 'warning' of July 3, 2003 that 'there would be no free rides'.
Based on this announcement, it appears Mr. Cullen would be more suited as Minister for Industry rather than Environment.
No Free Rides DoELG Press Release of July 3 2004
http://www.environ.ie/DOEI/doeipub.nsf/enSearchView/B0CE3C25AD085CDF80256E300040DE30?OpenDocument&Lang=en