Davies: MEPs approve back-loading to shore up EU emissions trading scheme

Chris Davies MEPMEPs voted today by 385 votes to 284 to support ‘back-loading’ proposals that will shore up the EU’s emissions trading scheme today by delaying the sale of carbon credits.

UK Liberal Democrat European environmental spokesperson Chris Davies commented after the vote:

“What should have been nothing more than a minor regulatory adjustment had become a test of the EU’s entire strategy on climate change. We must now ensure Europe takes the lead in the fight against global warming by pursuing long-term structural reform of the ETS.” Continue reading

Davies: Tories blow second chance on business carbon vote

Chris Davies MEPConservative MEPs got a second opportunity to help British business today – and once again blew it.

In April, the European Parliament voted on a proposal to backload the continent’s Emissions Trading Scheme that sets a price for industrial carbon dioxide emissions in an effort to combat climate change.  The vote was lost be 334-315 with British Tory MEPs voting against.

Today, the Environment Committee of the European Parliament voted again on the measure, sending it back to the full parliament for another attempt to pass the legislation.

Tory MEPs voted against backloading despite knowing that carbon prices in the UK leave UK manufacturers paying more for their electricity than their EU competitors and the EU plans would have reduced that gap.

Their votes pu tUK manufacturing industry at a disadvantage compared to Germany or the Netherlands.

Speaking after the Environment Committee’s 2-1 endorsement of the plan UK Lib Dem MEP Chris Davies MEP said, “Conservative MEPs have turned their back on the future and shown their contempt both for the needs of British industry and the policies of the coalition government. Continue reading