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Environment Committee debates CCS financing draft decision

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The Greens/EFA group in parliament has withdrawn its objection to the Draft Commission Decision laying down criteria on financing carbon capture and storage (CCS) and renewable demonstration projects following assurances from the Commission that renewable energy projects will get an equal share of available funding. This will be case if the amount requested for renewable energy projects is equal to the amount requested by CCS projects.

The Greens/EFA group has therefore withdrawn is proposed motion for resolution objecting to the draft Commission Decision. There were no objections to the withdrawal.

The withdrawal follows a debate on the Draft Commission Decision held in the Environment Committee on 6 April 2010. In its motion for a resolution, the Green Group expressed its concern that funds could be unequally allocated in favour of CCS projects rather than renewable projects. Claude Turmes (Greens, Luxembourg) said that, because of the financial crisis, prices in the Emission Trading System (ETSi) system were not what were expected when the ETS was adopted, so different calculations should therefore apply. He asked the Commission how it could ensure that fund distribution would not be “completely unfair”.

Chris Davies (ALDE, UK) who was the Rapporteur on the CCS project proposal, accused the Greens of basing the debate on pure ideological grounds. He said the world is still using fossil fuels in huge quantities, and that CCS is technology must be developed. He expressed his disappointment with the slowness of the process, and concern that the 2015 deadline will not be met.

The Commission assured the Committee that renewable energy projects would get an equal share of available funding under the proposals.

The Motion for a Resolution on the Draft Commission Decision can be found here:
http://www.europarl.europa.eu/meetdocs/2009_2014/documents/envi/re/810/810529/810529en.pdf