Speech to Parliament on the need for a balanced energy approach

Thank you Mr President.

So yet again the EU Commission wants further help from Member States in meeting energy and climate targets.

But what damage is being done trying to meet these artificial targets ?

The continued imposition by the Commission of never-ending objectives for emissions reductions is forcing the investment of vast amounts of money for activity that will have little or no effect on the climate. Global CO2 emissions will probably keep rising unaffected by these measures.

These policies are leading to a massive exit of industry and investment from EU countries to jurisdictions with lower environmental standards and could, ultimately, increase emissions of CO2.

So we are not so much cutting emissions in the EU but exporting them. Indeed, if you include emissions related to goods imported into the EU, emissions in the EU have gone up !

Heavy industry including the cement, steel, aluminium and chemical sectors are moving factories and jobs out of the EU leading to a 'leakage' of CO2 emissions without environmental benefits.

This is a particular concern in Germany which has the largest industrial base in Europe.

In Poland electricity prices may double if coal-fired power stations close down.

Cement producers have warned that about 80% of production will be offshored.

In Britain over dependence on expensive and intermittent renewables have forced up energy prices.

Professor Dieter Helm from Oxford University carried out a study for the British government and said that green taxes will cost the average household almost 150 pounds from next year.

We need to stop this right now and have a balanced energy approach using methods which are competitive and work with industry not against it.

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