Tory MEPs defy Cameron on EU carbon market vote

Labour Party

Yesterday in a tight vote in the full session of the European Parliament in Strasbourg, most Tory MEPs chose to vote with climate sceptics , thereby going against their own government.  The cost of carbon trading permits in Europe’s emissions trading scheme (ETS) has sunk due to the economic crisis. Yesterday’s vote was intended to allow the release of fewer permits for auction in the short-term to try to get the price back up again.

By voting against this important element in both British Government and EU climate policy, Tory MEPs put their fanatical euro-scepticism ahead of British jobs and our environment. All three Conservative MEPs for London, Marina Yannakoudakis, Charles Tannock and Syed Kamall, voted with the climate change sceptics against the UK’s best interests. Amazingly, Tory MEPs ignored the strong views expressed by their own Ministers in London.

It is now confirmed that Members of the European Parliament voted 334-315 against the measure.  After the vote, the EU carbon price immediately fell 44 percent to a new record low of 2.63 euros a tonne.

My colleague Linda McAvan who leads for the Socialist and Democrat Group on climate change described the vote in the European Parliament as “a catastrophe for the environment,” adding “”The UK carbon floor price for the power sector came into force at the beginning of this month, so UK electricity providers are currently paying an extra £4.94 per tonne of carbon they emit. This is more than double the current ETS price for carbon, and it’s set to rise to five times the projected ETS price by 2015.”

 Even as former Tory Ministers who worked closely with Mrs Thatcher said publicly that she was the first head of government to recognise the science of climate change and would have warmly welcomed the free market solution offered by the EU’s emissions trading scheme (ETS), Tory MEPs blithely voted not to support the pan-European solution. It’s yet another case of the coalition setting themselves up as the ‘greenest government ever’ while their MEPs in Brussels vote against environmental measures.

Not only have the Tories snubbed their own leader, but they’ve also dismissed the views of a huge range of experts and businesses who believed this change would have been good for the environment, the consumer and industry.  Those who supported the proposal included the CBI, Shell, Philips, Tesco, Unilever, Kingfisher, Johnson & Johnson, SSE, E.ON, UKEnergy, UK Green Building Council and the UK Corporate Leaders Group.

Sadly, their efforts fell on deaf ears as the Tory MEPs sided unscientific climate change deniers in the face of reasonable arguments from all sides.

One thought on “Tory MEPs defy Cameron on EU carbon market vote

  1. There can be no prosperity in a climate wrecked world. The ETS is certainly not the poster boy of environmental economics but at least it is a step in the right direction. The economic assumption that earth’s resources and services are so huge they can be treated as being infinite belongs in the 18th century. When human population (and activity) was much lower than today, the assumptions on how we could use natural resources were workable then. They’re not now. The market system has delivered unprecedented human development but also put the next generation in great danger. Few would disagree with the common sense that the earth is finite: we now need a shift in the common morality that our money system should stop pretending that it is.

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