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12.6.

2003 EN Official Journal of the European Union C 137 E/177

(2003/C 137 E/200) WRITTEN QUESTION E-3223/02


by Eija-Riitta Korhola (PPE-DE) to the Commission

(14 November 2002)

Subject: Accession countries and volume of ‘hot air’

Is there an estimate on how big a volume of so-called ‘hot air’ is possessed by the 10 (and later 12) new
Member States during the initial period of the EU emission trading scheme (2005-2007) or the subsequent
period(s)? What is the volume, in comparison, of the ‘hot air’ the German Federal Republic is able to sell
taking into account the fact of the German reunification which took place after the base year of the Kyoto
protocol?

Has the EU developed strategies on when and how this hot air should be put on the market in regard to
the price of emission allowances (and the actual reductions of emissions in the EU)  and where have such
strategies been published if they exist?

Answer given by Mrs Wallström on behalf of the Commission

(14 January 2003)

The targets of the Kyoto Protocol apply in the period 2008-2012. Prior to that date, there are no legally
binding targets.

The Community’s greenhouse gas emissions trading scheme, as foreseen by the Commission’s proposal (1),
is an entity based allowance trading scheme. Allocations of allowances must be made to entities covered by
the Directive according to pre-determined criteria and in accordance with the EC Treaty’s provisions, in
particular with regard to state aid.

If ‘hot air’ is understood as being a greater allocation of allowances than the expected real needs of
companies, then the Commission is confident that there will be no ‘hot air’ traded, neither in the period
2005-2007, nor in subsequent periods. This is because the proposal would prohibit governments from
giving to their entities more than their likely need.

In these circumstances, it is not foreseen that any so-called ‘hot air’ will be traded by operators in any
Member State, whether new Member States or not.

(1) OJ C 75 E, 26.3.2002.

(2003/C 137 E/201) WRITTEN QUESTION E-3225/02


by Eija-Riitta Korhola (PPE-DE) to the Commission

(14 November 2002)

Subject: Accession countries and joint implementation projects (Kyoto Mechanism)

Has the EU made any agreements in the accession talks for the ten new Member States to promote JI
projects during the initial period of the EU emission trading scheme (2005-2007) or the subsequent
period(s)?

Is there an estimate on how big a volume of such projects will be initiated during each of the ET periods
(absolutely and in proportion of ‘hot air’)? Has the EU made any models on how effective implementation
of JI projects would affect the price of emission allowances (and the actual reductions of emissions in the
EU)  and where have such models been published if they exist?