Skip to main content

Proceeding contribution from Lord Hannay of Chiswick (Crossbench) in the House of Lords on Monday, 20 October 2008. It occurred during Ministerial statement on European Council: 15-16 October 2008.


European Council: 15-16 October 2008

My Lords, I believe the Minister agrees that the tone of all three statements from the Front Benches in this House are among the most positive that we have heard after a European Council for a very long time. That is to be welcomed. Long may it continue. The noble Baroness said quite a bit about climate change, which was entirely related to the negotiations taking place between the member states for the burden sharing within the European Union. Although that is necessary, do the Government recognise that by far the biggest problem on the road to a successful outcome at Copenhagen will be the negotiation on burden sharing between developed countries and developing countries? I did not hear anything in the Statement—perhaps the noble Baroness will say a word about this—about how the Government will address that, which, after all, will be the real conversation-stopper if it cannot be got right. Do we have any ideas on how that burden-sharing should be carried out; and, if so, what are they? Secondly, again, I welcome very much what the Government are saying about energy security, but, frankly, the European Union has been saying all those things for quite some time but has not yet done anything about them. Is not the moment coming when the credibility of the mantras that we endorse a liberalised energy market and more interconnection between member states to make us less vulnerable in emergencies, and that we are determined to diversify our external supply, will not be enough? We need very soon—in December, I hope—to come to some decisions to follow up the Government’s warming attitude on the Nabucco pipeline, for example, by stating categorically that we will support some European funds being made available for that pipeline if it enables supply to be diversified sensibly. Perhaps the noble Baroness will answer on those two points.


Secondary information

Type
Proceeding contribution
Reference
704 c963-4 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Accountancy Banks Climate change Credit Finance Financial institutions International cooperation Financial markets Economic situation EU action International Monetary Fund Free movement of people Loans Small businesses Regulation Russia European Council EU immigration Eastern Europe Georgia EU energy policy European Investment Bank Financial Stability Forum
Link
View this Proceeding contribution on www.publications.parliament.uk