Agreement reached to bring stability and transparency to derivatives markets - The European Parliament and EU government... Stevenson: Auditors' damning report confirms 40 years of CFP failure - A damning report by auditors on the EU's manageme... Job-vacancies collapse demonstrates damaging impact of agency-work directive - Conservative MEPs have highlighted the Eu... Deep concern over football corruption revelations - Conservative MEP Emma McClarkin has noted with grave concern a repor... EU must overhaul fisheries eco-labelling, CFP rapporteur will say - A key report on the future of European fisheries mar... Deep concern over football corruption revelations - Conservative MEP Emma McClarkin has noted with grave concern a repor... EU Commission massages its figures on Financial Transaction Tax - The European Commission's decision to rewrite its own ... Battle lines drawn on Arctic oil - MEPs are set  for a fight over drilling for Arctic oil as new regulations for the of... MEP pleased by court's support for sports broadcasters - Conservative sports spokesman in the European Parliament, Emma ... "EU flag on sports shirts" report adopted by parliament amid angry scenes - An EU report calling on national sports team... New Conservative employment spokesman to put small businesses top of growth agenda - Anthea McIntyre has been appointed ... Tannock questions mounting cost of EU diplomatic service - Charles Tannock, Conservative foreign affairs spokesman in th... Callanan: the best answer to the crisis - get out of the way - Speaking in the European Parliament this afternoon on the... European Parliamentary Indian Trade Envoy Welcomes William Hague's commitment - British MEP Sajjad Karim is welcoming th... Callanan: shift on fiscal pact recognises practical reality - The leader of Britain's Conservative MEPs today acknowledg... Cameron's Davos agenda of competitiveness and opening trade is real answer to EU's crisis - David Cameron's agenda for g... Robert Sturdy hosts Seminar on Invasive Alien Species - Brussels, 25th January 2012 – Robert Sturdy, MEP for the East of... PM's true leadership over human rights court - The Conservative legal affairs spokesman in the European Parliament today... EU's €100 million insult - Plans unveiled today for a multi-million pound visitor centre telling the history of the Euro... New Data rules must not harm businesses, the economy or public safety - A senior Conservative MEP today urged caution ov... Success of first Friends of Pakistan Group reception - Conservative legal affairs spokesman and chairman of the European... MEP serves up a taste of Wales - Kay Swinburne, Welsh Conservative MEP, is delighted to be hosting a 'farmhouse' breakfa... Santer's return: like putting Dracula in charge of the blood bank - The return of Jacques Santer - the head of the Europ... British MEP to host Friends of Pakistan event focusing on countering violent extremism - ECR Legal Affairs Spokesman and... EU Commissioner's City of London speech fails to understand global nature of finance - Speaking at a City of London even... Tannock: EU's concerted action on Iran addresses a major threat - EU sanctions announced today against Iran were welcome... Consumers should know their options on recycling white goods and gadgets - Consumers should be aware of their different ... Tories block "damaging" pest-control ban - Pressure from Conservative MEPs has averted EU plans to ban Britain's most co... Callanan: Brussels summit was a glaring failure - Last month's European Council meeting was no springboard for recovery ... Danish EU Presidency must focus on competitiveness - In a debate this morning in the European Parliament with Danish Pri... Karim: Qatada deportation ban will baffle and anger Britain - The European Court of Human Rights has today ruled that th... Stability fund downgrade strikes at euro's heart -  The Press Association reports tonight that Rating agency Standard &a... Harbour: Proof of the importance of small businesses - A European Commission study showing that 85 percent of net new jo... "Vindictive" targeting ignores EU's core economic failures -  A  renewed attack by the EU on credit ratings agencies sma... Speedy conclusion needed on EU-India Free Trade Agreement - Sajjad Karim MEP has welcomed the news that the EU's high re... French downgrade and Greek breakdown show it's time to stop fiddling with treaties - News of further trouble in the talk... Work of telecoms charity highlighted - Dramatic photographs from disaster and war zones across the globe went on display... Callanan welcomes UK's "real progress" in latest version of fiscal pact - Conservative MEPs have welcomed clear concessi... Welcome for Commission's block on giant derivatives merger deal - Kay Swinburne MEP, Conservative spokesman on economic ...

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News Release

Climate change package: EU now has tools in place to help tackle climate change

Climate change package: EU now has tools in place to help tackle climate change

Posted, December 17, 2008 @ 12:00

The EU now has tools in place to help tackle climate change, and to secure an ambitious agreement at Copenhagen next year, John Bowis MEP, Conservative environment spokesman in the European Parliament, said today after MEPs adopted the EU's Climate and Energy package.

Conservatives were able to secure amendments that exclude small businesses and hospitals from the Emissions Trading Scheme (ETS), and ensured funding for demonstration projects on carbon capture and storage technologies. However, a Conservative proposal for an Emission Performance Standard for new power stations was defeated. This amendment would have ensured all new coal-fired power stations could only be approved if they were to capture the CO2 they emit.

Mr Bowis said:

"Conservative MEPs have striven for ambitious measures  in the Climate and Energy Package to reduce our greenhouse gas emissions.

" We have supported the package so that industry has greater certainty and can begin to meet the challenges we have set.  Now we can look to the Copenhagen Climate Change conference next December with the tools in place to reduce the greenhouse gases that threaten us.

"It is disappointing that the Emissions Trading Scheme has been watered down in key areas, such as the amount of emission allowances to be allocated by auctioning and the complex methodology agreed for allocating free allowances. It is also sad that governments would not commit to earmarking some of the revenues generated from auctioning for tackling climate change. That money will now disappear into the Chancellor's coffers rather than supporting eco-innovation and new technologies, supporting adaptation in developing countries and protecting forests around the world.

" However there have been welcome improvements on Renewable Energy, where our demand for rigorous sustainability criteria on biofuels has been agreed.

"It is time to act on our commitment to cut emissions by at least 20% by 2020. It is a start. At Copenhagen we must set higher targets for the future"