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                                                                                                                           Asean Affairs  July 4, 2013  

Emissions Trading System: Chambers disappointed by abandoning of market principles

EUROCHAMBRES was disappointed by European Parliament’s turnaround regarding the Commission’s proposal to intervene in the carbon market and backload 900 million units of CO2 emission allowances.
Commenting on today’s plenary vote Arnaldo Abruzzini, Secretary General of EUROCHAMBRES, stated: “Backloading is a clear intervention in a market-based system. Even a one-off intervention undermines the principles of the Emissions Trading System and will make it more difficult for businesses to produce cost-effectively in the EU.  In a period when the economic situation is already very fragile, such actions put growth and employment at stake and increase the probability of carbon leakage.  It is thus the wrong signal at the wrong time and disappointing that the plenary did not confirm its rejection of the directive back in April.”

EUROCHAMBRES now calls on the 28 Member States to reject this economically unjustifialbe measure in the Council.
EUROCHAMBRES – The Association of European Chambers of Commerce and Industry represents over 20 million enterprises in Europe – 93% of which are SMEs – through members in 44 countries and a European network of 2000 regional and local Chambers.


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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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