|Joint Statement on the EU Emissions Trading System of Energy and Environment Ministers from nine EU MS|
|Wednesday, 08 May 2013 08:39|
Joint Statement on the EU Emissions Trading System of Energy and Environment Ministers from nine European member states of 7 May 2013
1. We are firmly committed to the EU Emissions Trading System (ETS) as being at the heart of the EU's climate change and low carbon investment policies up to and well beyond 2020.
4. As we have seen throughout the financial and economic crisis, targeted interventions may be necessary and we are convinced that only through proper structural reform and by giving investors a clear signal on Europe's low carbon ambition beyond 2020 can the EU ETS be restored to its original purpose of driving down carbon emissions and stimulating low carbon investments. So we welcome the Commission's Carbon Market Report, with options for reform, and the publication of the green paper on a 2030 framework for climate and energy policies.
5. Although we are clear that market interference should be kept to a minimum, a one-off and targeted intervention now would minimise market uncertainty and distortions, and also promote investment in low carbon technologies. A delay could lead to greater costs in the long-term to meet EU 2050 objectives.
8. However, in parallel to progress on back-loading a renewed focus on more substantive measures to strengthen the system is essential. We now urge the Commission to bring forward, by the end of the year at the latest, proposals to perform a proper structural reform of the EU ETS, as well as giving investors a clear signal on Europe's low carbon ambition beyond 2020, in order to stimulate low carbon investments and the most cost-effective emission reductions.
Edward Davey Secretary of State for Energy & Climate Change UNITED KINGDOM
Peter Altmaier Federal Minister for the Environment, Nature Conservation and Nuclear Safety GERMANY
Delphine Batho Minister of Ecology, Sustainable Development and Energy FRANCE
Wilma Mansveld Minister for the Environment NETHERLANDS
Lena Ek Minister for the Environment SWEDEN
Martin Lidegaard Minister for Climate, Energy and Building DENMARK
Assunção Cristas Minister for Agriculture, Sea, Environment and Spatial Planning PORTUGAL
Ville Niinistö Minister for the Environment FINLAND
Dejan Židan Minister for Agriculture and the Environment SLOVENIA