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EU Must Recognize Weaknesses of Emissions Trading

Oct. 24, 2006 - The EU's internal emissions trading cannot resolve global climate issues, charges the Finnish Forest Industries Federation (FFIF). In spite of this the EU Environment Council is still promoting emissions trading as a key global climate policy solution and hopes that other countries will voluntarily join the scheme on a rapid timetable. This is clearly visible in the conclusions of the EU Environment Council meeting yesterday, FFIF said.

"Recognizing the weaknesses of the EU's emissions trading scheme would be healthy fact facing. The Finnish Government should also draw attention to the views expressed in the national climate strategy and implement the policies decided by Parliament," says Dr. Anne Brunila, President and CEO of the FFIF. "The EU should not lock its own emission reduction objectives in advance and thus weaken the preparation of a global climate treaty."

Dr. Brunila also points out that Finland has consistently promoted transparency in the EU's activities, which should be reflected in the preparation of joint climate policy.

In Finland's national climate strategy Parliament has called on the Finnish Government to promote the negotiation of a global climate treaty during its Presidency of the EU. If a global solution cannot be achieved, the EU should rethink emissions trading in its present form from the viewpoint of competitiveness and preventing climate change, FFIF said.

The EU's emission trading scheme covers only about 7% of the world's carbon dioxide emissions. FFIF said the EU's unilateral measures cannot stop or substantially slow down the increase in carbon dioxide emissions in the atmosphere. Resolving climate issues requires including the countries where the bulk of growing carbon dioxide emissions originates.

According to FFIF, the forest industries, whose profitability is hurt by emissions trading, want to see open discussion and realism in the EU's climate policy. "It is unconsidered for European industry to bear obligations alone in global climate matters when other countries continue to increase emissions without these obligations. The burden weakens the European forest industries' competitiveness, in which case the losers are both the environment and European prosperity," Dr. Brunila said.

About the Finnish Forest Industries Federation
The Finnish Forest Industries Federation (FFIF) is an organization representing Finnish wood processing companies. The member companies produce paper and wood products in Finland and abroad and cover the entire Finnish pulp, paper and board industry and some 80 per cent of the wood product industry.

SOURCE: Finnish Forest Industries Federation




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