CONSERVATIVE MEP FOR SCOTLAND

Engine failure has cut EU off from Scotland. ETS trialogue must still go on. My opening statement:

The global climate change accord agreed in Paris changes everything. Our work together in these trialogues must ensure that the EU ETS delivers against the highest of ambitions: retarding global temperature rise at well below 2oC.

04.04.2017.

Note for Ms Adina-Ioana VĂLEAN, Chair ENVI Committee

Apology

As a result of an engine fault with his aircraft, Ian DUNCAN, the Parliament’s rapporteur, is unable to join us. Technical difficulties have cut Scotland off from the EU… Mr Duncan sends his apologies

Ambition

The global climate change accord agreed in Paris changes everything. Our work together in these trialogues must ensure that the EU ETS delivers against the highest of ambitions: retarding global temperature rise at well below 2oC.

Challenge

The EU Emission Trading Scheme isn’t working. It is our job to change that.

The recent Market Stability Reform, delivered by Mr BELET, scheduled to start in 2019, provides the foundation and architecture for much of the reform that we will discuss in our negotiations. Thank you Ivo.

Delivering against our Paris objectives whilst ensuring that industry is provided with adequate protections, where required, is essential. We must ensure that our carbon leakage provisions work.

We must also ensure that adequate support is provided to those nations and those sectors still emerging from the shadow of Soviet era technology. 

The way forward

Technical. The Phase IV reform of the ETS is technically complex, and it is right that we initiate the important Technical Trialogues today. We have already shared our agreed issues for technical discussion, and further issues may yet be added. Each issue will of course return to this body for discussion and agreement.

Political.  Building upon the MSR reform and upon the technical discussions, the political decisions will still, rightly, return to this body. There will be time for us to get in to the detail of those issues in the coming trialogues. Let me stress that we will be guided by a clear mandate agreed by our colleagues in the European Parliament.

In its earlier deliberations the Parliament’s shadows were guided by several criteria that I should set out:

The need to deliver against the Paris Agreement 
The need to eliminate the oversupply of allowances
The need to prevent the further accumulation of excess allowances
The importance of ensuring adequate protection for European industry, notably through the elimination of the Cross Sectoral Correction Factor (CSCF)
The importance of supporting green innovation
The need to provide adequate support to sectors emerging from Soviet-era technology

All of which should deliver a functioning carbon market.

Let the negotiations commence!