EUROPEAN COMMISSION DAILY NEWS – 16 FEBRUARY

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EUROPEAN COMMISSION DAILY NEWS - 16 FEBRUARY
16 Feb 2017

EUROPEAN COMMISSION DAILY NEWS – 16 FEBRUARY

Brussels Daily

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CETA marks the beginning of a new era in the EU-Canada relationship

The European Parliament voted, with 408 votes in favour, for the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada, concluding the ratification process of this deal at the EU level. Welcoming the outcome of the vote held in Strasbourg, President Jean-Claude Juncker said:  “Today’s vote by the European Parliament is an important milestone in the democratic process of ratification of the agreement reached with Canada, and it also allows for its provisional entry into force. This trade deal has been subject to an in-depth parliamentary scrutiny which reflects the increased interest of citizens in trade policy. The intense exchanges on CETA throughout this process are testimony to the democratic nature of European decision making”. Trade Commissioner Cecilia Malmström said: “This vote is the start of a new era in EU-Canada relations – together we are sending a strong signal today. By building bridges rather than walls, we can face the challenges that confront our societies together. In these uncertain times, with rising protectionism around the world, CETA underlines our strong commitment to sustainable trade. Once the Canadian parliament has ratified this agreement, the next step is to put it provisionally in place, which I hope can be done swiftly and effectively. Citizens and companies on both sides of the Atlantic should start reaping these benefits very soon.” A press release and a fact sheet are available online.

 

Emissions Trading System: European parliament vote marks major step towards reaching agreement

The European Parliament yesterday adopted its position in support of the Commission proposal for the revision of the Emissions Trading System Directive for the period after 2021. The vote concludes a year of intensive deliberations and paves the way for negotiations with the Council. Heads of State and governments agreed in 2014 that the Emissions Trading System is the EU’s flagship climate policy to deliver the required emission reductions in a cost efficient manner, while protecting vulnerable sectors in EU industry and supporting the clean energy transition where most needed. Welcoming the vote, Commissioner for Climate Action and Energy Miguel Arias Cañete said: “Yesterday’s landmark vote provides a clear outcome after more than a year of discussions in Parliament, and it demonstrates the European Union’s commitment to turning the Paris Agreement into reality through concrete action on the ground. Now the revision of the EU Emission Trading System is on the Council’s table and we hope they can swiftly reach an agreement to kick-start negotiations so that we can agree on it before the end of the year.”Building on the Commission proposal from July 2015, Parliament voted in favour of changes to strengthen the Market Stability Reserve to more quickly reduce the current oversupply of allowances on the carbon market.

 

NEWS IN FULL

Daily News 16 – 02 -2017

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