2 5 The the DT 6 13 federal federal JJ 14 17 and and CC 18 23 local local JJ 24 35 authorities authority NNS 36 39 are be VBP 40 49 currently currently RB 50 59 preparing prepare VBG 60 63 the the DT 64 76 ratification ratification NN 77 79 of of IN 80 83 the the DT 84 89 Kyoto Kyoto NNP 90 103 international international JJ 104 112 protocol protocol NN 113 115 on on IN 116 124 limiting limit VBG 125 128 the the DT 129 137 emission emission NN 138 140 of of IN 141 151 greenhouse greenhouse NN 152 157 gases gas NNS 157 158 . . . 159 165 Within within IN 166 169 the the DT 170 179 framework framework NN 180 182 of of IN 183 187 that that DT 188 196 protocol protocol NN 196 197 , , , 198 205 Belgium Belgium NNP 206 210 must must MD 211 217 reduce reduce VB 218 221 its its PRP$ 222 232 greenhouse greenhouse NN 233 236 gas gas NN 237 246 emissions emission NNS 247 249 by by IN 250 253 7.5 7.5 CD 254 261 percent percent NN 261 262 , , , 263 271 compared compare VBN 272 274 to to TO 275 279 1990 1990 CD 279 280 , , , 281 283 in in IN 284 287 the the DT 288 297 2008-2012 2008-2012 CD 298 305 period. period. NN 306 315 Following follow VBG 316 319 the the DT 320 326 formal formal JJ 327 339 ratification ratification NN 340 342 of of IN 343 346 the the DT 347 352 Kyoto Kyoto NNP 353 361 protocol protocol NN 362 364 by by IN 365 368 all all PDT 369 372 the the DT 373 384 parliaments parliament NNS 385 387 of of IN 388 391 the the DT 392 401 concerned concerned JJ 402 411 countries country NNS 411 412 , , , 413 417 that that DT 418 426 protocol protocol NN 427 431 will will MD 432 438 become become VB 439 449 equivalent equivalent JJ 450 452 to to TO 453 454 a a DT 455 462 Belgian belgian JJ 463 466 law law NN 466 467 . . . 468 472 This this DT 473 480 implies imply VBZ 481 483 – -- : 484 491 whether whether IN 492 494 or or CC 495 498 not not RB 499 502 one one CD 503 509 agrees agree VBZ 510 514 with with IN 515 517 it it PRP 518 520 – -- : 521 525 that that IN 526 529 the the DT 530 535 Kyoto Kyoto NNP 536 544 protocol protocol NN 545 549 will will MD 550 556 become become VB 557 564 binding binding NN 565 568 for for IN 569 572 all all DT 573 575 of of IN 576 580 this this DT 581 588 country country NN 588 590 ’s 's POS 591 602 inhabitants inhabitant NNS 603 606 and and CC 607 619 institutions institution NNS 619 620 . . . 627 629 We we PRP 630 637 readily readily RB 638 644 accept accept VBP 645 649 that that IN 650 655 there there EX 656 659 are be VBP 660 664 good good JJ 665 675 intentions intention NNS 676 678 on on IN 679 682 the the DT 683 687 part part NN 688 690 of of IN 691 695 both both CC 696 699 the the DT 700 710 government government NN 711 714 and and CC 715 719 this this DT 720 727 country country NN 727 729 ’s 's POS 730 737 various various JJ 738 745 sectors sector NNS 746 748 to to TO 749 755 comply comply VB 756 760 with with IN 761 764 the the DT 765 770 Kyoto Kyoto NNP 771 780 standards standard NNS 780 781 . . . 782 789 However however RB 789 790 , , , 791 793 no no DT 794 799 broad broad JJ 800 806 social social JJ 807 813 debate debate NN 814 817 has have VBZ 818 821 yet yet RB 822 826 been be VBN 827 836 conducted conduct VBN 837 839 on on IN 840 843 the the DT 844 851 crucial crucial JJ 852 860 question question NN 860 861 : : : 862 865 How how WRB 866 870 much much RB 871 877 should should MD 878 882 each each DT 883 889 sector sector NN 890 892 or or CC 893 899 target target NN 900 905 group group NN 906 916 contribute contribute VBP 917 919 to to TO 920 929 achieving achieve VBG 930 933 the the DT 934 941 Belgian Belgian NNP 942 947 Kyoto Kyoto NNP 948 956 standard standard NN 956 957 ? ? . 958 965 Because because IN 966 970 this this DT 971 977 debate debate NN 978 981 has have VBZ 982 988 failed fail VBN 989 991 to to TO 992 996 take take VB 997 1002 place place NN 1002 1003 , , , 1004 1006 it it PRP 1007 1009 is be VBZ 1010 1024 understandable understandable JJ 1025 1029 that that IN 1030 1033 all all DT 1034 1041 sectors sector NNS 1042 1043 ( ( ( 1043 1050 ranging range VBG 1051 1055 from from IN 1056 1066 processing process VBG 1067 1070 and and CC 1071 1084 manufacturing manufacture VBG 1085 1095 industrial industrial JJ 1096 1102 sector sector NN 1102 1103 , , , 1104 1107 the the DT 1108 1119 electricity electricity NN 1120 1126 sector sector NN 1126 1127 , , , 1128 1131 the the DT 1132 1140 tertiary tertiary JJ 1141 1147 sector sector NN 1147 1148 , , , 1149 1152 and and CC 1153 1156 the the DT 1157 1166 transport transport NN 1167 1173 sector sector NN 1174 1176 to to TO 1177 1180 the the DT 1181 1192 residential residential JJ 1193 1199 sector sector NN 1199 1200 ) ) ) 1201 1204 are be VBP 1205 1214 currently currently RB 1215 1220 doing do VBG 1221 1226 their their PRP$ 1227 1233 utmost utmost NN 1234 1236 to to TO 1237 1241 make make VB 1242 1247 their their PRP$ 1248 1251 own own JJ 1252 1258 future future JJ 1259 1266 efforts effort NNS 1267 1269 as as IN 1270 1275 small small JJ 1276 1277 ( ( ( 1277 1280 yet yet RB 1281 1291 acceptable acceptable JJ 1291 1292 ) ) ) 1293 1295 as as IN 1296 1304 possible possible JJ 1304 1305 . . . 1312 1316 That that DT 1317 1319 is be VBZ 1320 1330 strikingly strikingly RB 1331 1342 illustrated illustrate VBN 1343 1345 by by IN 1346 1353 Belgian belgian JJ 1354 1365 large-scale large-scale JJ 1366 1374 industry industry NN 1374 1375 , , , 1376 1381 which which WDT 1382 1385 has have VBZ 1386 1390 made make VBN 1391 1396 great great JJ 1397 1404 efforts effort NNS 1405 1409 over over IN 1410 1413 the the DT 1414 1418 past past JJ 1419 1421 10 10 CD 1422 1427 years year NNS 1427 1428 , , , 1429 1433 over over IN 1434 1439 which which WDT 1440 1446 energy energy NN 1447 1456 intensity intensity NN 1457 1458 ( ( ( 1458 1464 energy energy NN 1465 1468 use use NN 1469 1472 per per IN 1473 1477 unit unit NN 1478 1480 of of IN 1481 1486 final final JJ 1487 1494 product product NN 1494 1495 ) ) ) 1496 1499 has have VBZ 1500 1508 improved improve VBN 1509 1521 considerably considerably RB 1521 1522 . . . 1523 1526 But but CC 1527 1528 a a DT 1529 1533 very very RB 1534 1546 considerable considerable JJ 1547 1555 increase increase NN 1556 1558 in in IN 1559 1569 production production NN 1570 1572 is be VBZ 1573 1581 expected expect VBN 1582 1584 in in IN 1585 1592 Belgium Belgium NNP 1593 1597 over over IN 1598 1601 the the DT 1602 1606 next next JJ 1607 1609 10 10 CD 1610 1615 years year NNS 1615 1616 , , , 1617 1619 so so IN 1620 1624 that that IN 1625 1626 ( ( ( 1626 1630 even even RB 1631 1635 with with IN 1636 1640 very very RB 1641 1650 efficient efficient JJ 1651 1660 processes process NNS 1660 1661 ) ) ) 1662 1669 overall overall JJ 1670 1676 carbon carbon NN 1677 1684 dioxide dioxide NN 1685 1694 emissions emission NNS 1695 1699 will will MD 1700 1709 certainly certainly RB 1710 1714 rise rise VB 1714 1715 . . . 1716 1727 Large-scale large-scale JJ 1728 1736 industry industry NN 1737 1743 wishes wish VBZ 1744 1746 to to TO 1747 1754 counter counter VB 1755 1758 the the DT 1759 1767 expected expect VBN 1768 1772 rise rise NN 1773 1777 with with IN 1778 1787 so-called so-called JJ 1788 1797 benchmark benchmark NN 1798 1807 covenants covenant NNS 1807 1808 . . . 1815 1817 In in IN 1818 1819 a a DT 1820 1828 nutshell nutshell NN 1828 1829 , , , 1830 1842 benchmarking benchmarke VBG 1843 1848 means mean NNS 1849 1853 that that IN 1854 1863 companies company NNS 1864 1871 compare compare VBP 1872 1877 their their PRP$ 1878 1884 energy energy NN 1885 1895 efficiency efficiency NN 1896 1900 with with IN 1901 1905 that that DT 1906 1908 of of IN 1909 1916 similar similar JJ 1917 1923 plants plant NNS 1924 1930 abroad abroad RB 1930 1931 . . . 1932 1934 In in IN 1935 1940 these these DT 1941 1950 covenants covenant NNS 1950 1951 , , , 1952 1955 the the DT 1956 1965 companies company NNS 1966 1972 pledge pledge VBP 1973 1975 to to TO 1976 1980 rank rank VB 1981 1986 among among IN 1987 1990 the the DT 1991 1996 world world NN 1997 2004 leaders leader NNS 2005 2007 in in IN 2008 2014 energy energy NN 2015 2025 efficiency efficiency NN 2026 2028 by by IN 2029 2033 2012 2012 CD 2033 2034 . . . 2035 2037 In in IN 2038 2044 return return NN 2045 2048 for for IN 2049 2054 their their PRP$ 2055 2065 commitment commitment NN 2065 2066 , , , 2067 2071 they they PRP 2072 2075 are be VBP 2076 2084 exempted exempt VBN 2085 2089 from from IN 2090 2100 additional additional JJ 2101 2102 ( ( ( 2102 2109 Flemish flemish JJ 2109 2110 ) ) ) 2111 2119 emission emission NN 2120 2132 restrictions restriction NNS 2132 2133 , , , 2134 2139 taxes tax NNS 2140 2142 on on IN 2143 2152 emissions emission NNS 2152 2153 , , , 2154 2156 or or CC 2157 2167 negotiable negotiable JJ 2168 2176 emission emission NN 2177 2183 rights right NNS 2183 2184 . . . 2191 2198 Belgian belgian JJ 2199 2207 industry industry NN 2208 2210 is be VBZ 2211 2221 advocating advocate VBG 2222 2231 benchmark benchmark JJ 2232 2241 covenants covenant NNS 2242 2249 because because IN 2250 2252 it it PRP 2253 2255 is be VBZ 2256 2262 afraid afraid JJ 2263 2267 that that IN 2268 2270 an an DT 2271 2279 absolute absolute JJ 2280 2285 limit limit NN 2286 2291 would would MD 2292 2298 weaken weaken VB 2299 2311 considerably considerably RB 2312 2315 its its PRP$ 2316 2327 competitive competitive JJ 2328 2336 position position NN 2337 2341 with with IN 2342 2349 respect respect NN 2350 2352 to to TO 2353 2360 similar similar JJ 2361 2370 companies company NNS 2371 2373 in in IN 2374 2381 regions region NNS 2382 2387 where where WRB 2388 2391 the the DT 2392 2397 Kyoto Kyoto NNP 2398 2406 protocol protocol NN 2407 2409 is be VBZ 2410 2413 not not RB 2414 2422 ratified ratify VBN 2422 2423 . . . 2424 2433 According accord VBG 2434 2436 to to TO 2437 2445 industry industry NN 2445 2446 , , , 2447 2457 relocation relocation NN 2457 2458 , , , 2459 2463 with with IN 2464 2467 the the DT 2468 2477 resulting result VBG 2478 2481 job job NN 2482 2488 losses loss NNS 2488 2489 , , , 2490 2495 would would MD 2496 2498 be be VB 2499 2502 the the DT 2503 2507 only only JJ 2508 2516 solution solution NN 2516 2517 . . . 2518 2525 However however RB 2525 2526 , , , 2527 2531 this this DT 2532 2542 disregards disregard VBZ 2543 2546 the the DT 2547 2551 fact fact NN 2552 2556 that that IN 2557 2566 arguments argument NNS 2567 2572 other other JJ 2573 2577 than than IN 2578 2584 purely purely RB 2585 2594 financial financial JJ 2595 2599 ones one NNS 2600 2604 also also RB 2605 2609 play play VBP 2610 2611 a a DT 2612 2616 part part NN 2617 2619 in in IN 2620 2623 the the DT 2624 2632 location location NN 2633 2642 decisions decision NNS 2643 2645 of of IN 2646 2655 companies company NNS 2656 2658 in in IN 2659 2662 our our PRP$ 2663 2669 region region NN 2670 2671 ( ( ( 2671 2680 favorable favorable JJ 2681 2689 location location NN 2690 2694 near near IN 2695 2703 seaports seaport NNS 2703 2704 , , , 2705 2717 availability availability NN 2718 2720 of of IN 2721 2729 know-how know-how JJ 2729 2730 , , , 2731 2744 well-educated well-educated JJ 2745 2754 personnel personnel NNS 2754 2755 , , , 2756 2762 stable stable JJ 2763 2772 political political JJ 2773 2780 climate climate NN 2780 2783 … ... : 2783 2784 ) ) ) 2784 2785 . . . 2792 2797 Those those DT 2798 2807 covenants covenant NNS 2808 2815 contain contain VBP 2816 2828 insufficient insufficient JJ 2829 2839 guarantees guarantee NNS 2840 2842 in in IN 2843 2853 themselves themselves PRP 2854 2856 to to TO 2857 2864 achieve achieve VB 2865 2868 the the DT 2869 2884 Belgian/Flemish belgian/flemish JJ 2885 2894 reduction reduction NN 2895 2902 targets target NNS 2903 2905 in in IN 2906 2908 an an DT 2909 2921 economically economically RB 2922 2931 efficient efficient JJ 2932 2938 manner manner NN 2938 2939 . . . 2946 2948 To to TO 2949 2954 begin begin VB 2955 2959 with with IN 2959 2960 , , , 2961 2964 the the DT 2965 2974 principle principle NN 2975 2977 of of IN 2978 2990 benchmarking benchmarke VBG 2991 2997 itself itself PRP 2998 3004 raises raise VBZ 3005 3014 questions question NNS 3014 3015 . . . 3016 3018 If if IN 3019 3021 it it PRP 3022 3026 were be VBD 3027 3029 to to TO 3030 3036 emerge emerge VB 3037 3041 from from IN 3042 3045 the the DT 3046 3056 comparison comparison NN 3057 3061 with with IN 3062 3070 domestic domestic JJ 3071 3074 and and CC 3075 3082 foreign foreign JJ 3083 3092 companies company NNS 3093 3097 that that IN 3098 3105 certain certain JJ 3106 3115 companies company NNS 3116 3118 do do VBP 3119 3122 not not RB 3123 3127 rank rank VB 3128 3133 among among IN 3134 3137 the the DT 3138 3143 world world NN 3144 3151 leaders leader NNS 3152 3154 in in IN 3155 3161 energy energy NN 3162 3172 efficiency efficiency NN 3172 3173 , , , 3174 3178 they they PRP 3179 3184 would would MD 3185 3189 have have VB 3190 3192 to to TO 3193 3200 present present VB 3201 3202 a a DT 3203 3207 plan plan NN 3208 3210 to to TO 3211 3218 achieve achieve VB 3219 3222 the the DT 3223 3230 highest high JJS 3231 3237 energy energy NN 3238 3248 efficiency efficiency NN 3249 3251 on on IN 3252 3256 time time NN 3257 3258 ( ( ( 3258 3260 by by IN 3261 3265 2012 2012 CD 3265 3266 ) ) ) 3266 3267 . . . 3268 3271 But but CC 3272 3284 benchmarking benchmarke VBG 3285 3287 is be VBZ 3288 3291 not not RB 3292 3302 sufficient sufficient JJ 3303 3307 from from IN 3308 3311 the the DT 3312 3321 viewpoint viewpoint NN 3322 3324 of of IN 3325 3333 economic economic JJ 3334 3344 efficiency efficiency NN 3345 3346 ( ( ( 3346 3355 realizing realize VBG 3356 3359 the the DT 3360 3365 Kyoto Kyoto NNP 3366 3378 restrictions restriction NNS 3379 3381 on on IN 3382 3391 emissions emission NNS 3392 3394 at at IN 3395 3398 the the DT 3399 3405 lowest low JJS 3406 3414 possible possible JJ 3415 3420 costs cost NNS 3421 3424 for for IN 3425 3428 the the DT 3429 3434 whole whole NN 3435 3437 of of IN 3438 3445 society society NN 3445 3446 ) ) ) 3446 3447 . . . 3454 3455 A a DT 3456 3470 cost-efficient cost-efficient JJ 3471 3479 division division NN 3480 3482 of of IN 3483 3490 efforts effort NNS 3491 3498 implies imply VBZ 3499 3503 that that IN 3504 3508 each each DT 3509 3515 sector sector NN 3516 3520 must must MD 3521 3526 limit limit VB 3527 3530 its its PRP$ 3531 3540 emissions emission NNS 3541 3543 to to TO 3544 3547 the the DT 3548 3553 point point NN 3554 3556 at at IN 3557 3562 which which WDT 3563 3566 the the DT 3567 3577 additional additional JJ 3578 3583 costs cost NNS 3584 3587 for for IN 3588 3591 one one CD 3592 3597 extra extra JJ 3598 3601 ton ton NN 3602 3604 of of IN 3605 3614 reduction reduction NN 3615 3618 are be VBP 3619 3622 the the DT 3623 3627 same same JJ 3628 3630 in in IN 3631 3634 all all DT 3635 3642 sectors sector NNS 3642 3643 . . . 3644 3646 As as IN 3647 3648 a a DT 3649 3655 result result NN 3655 3656 , , , 3657 3660 the the DT 3661 3666 costs cost NNS 3667 3669 of of IN 3670 3680 additional additional JJ 3681 3693 restrictions restriction NNS 3694 3696 on on IN 3697 3706 emissions emission NNS 3707 3709 in in IN 3710 3718 industry industry NN 3719 3723 must must MD 3724 3726 be be VB 3727 3735 compared compare VBN 3736 3740 with with IN 3741 3746 those those DT 3747 3749 of of IN 3750 3755 other other JJ 3756 3763 sectors sector NNS 3763 3764 , , , 3765 3769 such such JJ 3770 3772 as as IN 3773 3776 the the DT 3777 3786 transport transport NN 3787 3793 sector sector NN 3793 3794 , , , 3795 3805 households household NNS 3805 3806 , , , 3807 3810 the the DT 3811 3818 service service NN 3819 3825 sector sector NN 3825 3826 , , , 3827 3830 and and CC 3831 3833 so so RB 3834 3839 forth forth RB 3839 3840 . . . 3841 3853 Benchmarking benchmarke VBG 3854 3864 guarantees guarantee NNS 3865 3869 only only RB 3870 3874 that that IN 3875 3884 companies company NNS 3885 3891 belong belong VBP 3892 3894 to to TO 3895 3898 the the DT 3899 3902 top top NN 3903 3905 of of IN 3906 3911 their their PRP$ 3912 3917 class class NN 3917 3918 , , , 3919 3922 but but CC 3923 3927 says say VBZ 3928 3935 nothing nothing NN 3936 3941 about about IN 3942 3946 that that DT 3947 3952 class class NN 3952 3954 ’s 's POS 3955 3966 performance performance NN 3967 3969 as as IN 3970 3978 compared compare VBN 3979 3983 with with IN 3984 3987 the the DT 3988 3993 whole whole JJ 3994 4002 universe universe NN 4002 4003 . . . 4010 4016 Second second JJ 4016 4017 , , , 4018 4027 benchmark benchmark JJ 4028 4037 covenants covenant NNS 4038 4040 do do VBP 4041 4044 not not RB 4045 4054 guarantee guarantee VB 4055 4059 that that IN 4060 4063 the the DT 4064 4072 external external JJ 4073 4080 climate climate NN 4081 4086 costs cost NNS 4087 4089 of of IN 4090 4096 energy energy NN 4097 4100 use use NN 4101 4102 ( ( ( 4102 4105 the the DT 4106 4115 increased increase VBN 4116 4126 greenhouse greenhouse NN 4127 4133 effect effect NN 4134 4140 caused cause VBN 4141 4143 by by IN 4144 4147 the the DT 4148 4155 burning burning NN 4156 4158 of of IN 4159 4165 fossil fossil JJ 4166 4171 fuels fuel NNS 4171 4172 ) ) ) 4173 4176 are be VBP 4177 4186 correctly correctly RB 4187 4192 taken take VBN 4193 4197 into into IN 4198 4205 account account NN 4206 4208 in in IN 4209 4212 the the DT 4213 4218 final final JJ 4219 4227 products product NNS 4228 4230 of of IN 4231 4234 the the DT 4235 4242 sectors sector NNS 4243 4252 concerned concern VBN 4252 4253 . . . 4254 4261 However however RB 4261 4262 , , , 4263 4269 taking take VBG 4270 4274 into into IN 4275 4282 account account NN 4283 4288 these these DT 4289 4297 external external JJ 4298 4305 climate climate NN 4306 4311 costs cost NNS 4312 4314 is be VBZ 4315 4324 essential essential JJ 4324 4325 , , , 4326 4333 because because IN 4334 4337 the the DT 4338 4343 users user NNS 4344 4346 of of IN 4347 4363 energy-intensive energy-intensive JJ 4364 4369 goods good NNS 4370 4373 are be VBP 4374 4384 confronted confront VBN 4385 4387 in in IN 4388 4392 that that DT 4393 4396 way way NN 4397 4401 with with IN 4402 4405 the the DT 4406 4418 consequences consequence NNS 4419 4421 of of IN 4422 4427 their their PRP$ 4428 4434 choice choice NN 4435 4437 of of IN 4438 4445 product product NN 4445 4446 . . . 4447 4449 In in IN 4450 4454 that that DT 4455 4458 way way NN 4458 4459 , , , 4460 4464 less less RBR 4465 4481 energy-intensive energy-intensive JJ 4482 4490 products product NNS 4491 4496 enjoy enjoy VBP 4497 4498 a a DT 4499 4507 relative relative JJ 4508 4517 advantage advantage NN 4517 4518 . . . 4525 4530 Third third JJ 4530 4531 , , , 4532 4541 questions question NNS 4542 4545 can can MD 4546 4548 be be VB 4549 4554 asked ask VBN 4555 4560 about about IN 4561 4564 the the DT 4565 4573 emission emission NN 4574 4586 restrictions restriction NNS 4587 4591 that that WDT 4592 4597 would would MD 4598 4600 be be VB 4601 4609 achieved achieve VBN 4610 4612 by by IN 4613 4616 the the DT 4617 4626 covenants covenant NNS 4626 4627 . . . 4628 4637 Companies company NNS 4638 4641 are be VBP 4642 4647 urged urge VBN 4648 4650 in in IN 4651 4654 the the DT 4655 4663 proposed propose VBN 4664 4673 covenants covenant NNS 4674 4676 to to TO 4677 4682 adopt adopt VB 4683 4691 measures measure NNS 4692 4697 which which WDT 4698 4702 have have VBP 4703 4705 an an DT 4706 4714 economic economic JJ 4715 4719 cost cost NN 4720 4728 recovery recovery NN 4729 4735 period period NN 4736 4738 of of IN 4739 4743 less less JJR 4744 4748 than than IN 4749 4753 five five CD 4754 4759 years year NNS 4760 4762 or or CC 4763 4767 have have VB 4768 4770 an an DT 4771 4779 internal internal JJ 4780 4784 rate rate NN 4785 4787 of of IN 4788 4794 return return NN 4795 4802 greater great JJR 4803 4807 than than IN 4808 4812 that that DT 4813 4815 of of IN 4816 4817 a a DT 4818 4832 straight-lined straight-lined JJ 4833 4843 obligation obligation NN 4843 4844 . . . 4845 4848 But but CC 4849 4851 it it PRP 4852 4854 is be VBZ 4855 4861 highly highly RB 4862 4869 unclear unclear JJ 4870 4877 whether whether IN 4878 4883 these these DT 4884 4892 measures measure NNS 4893 4897 will will MD 4898 4902 lead lead VB 4903 4905 to to TO 4906 4910 many many JJ 4911 4916 extra extra JJ 4917 4927 reductions reduction NNS 4928 4930 of of IN 4931 4940 emissions emission NNS 4941 4943 in in IN 4944 4954 comparison comparison NN 4955 4959 with with IN 4960 4963 the the DT 4964 4972 business business NN 4973 4975 as as IN 4976 4981 usual usual JJ 4982 4990 scenario scenario NN 4991 4998 without without IN 4999 5009 additional additional JJ 5010 5016 policy policy NN 5017 5024 efforts effort NNS 5024 5025 . . . 5032 5038 Fourth fourth NN 5039 5041 is be VBZ 5042 5045 the the DT 5046 5054 contrast contrast NN 5055 5062 between between IN 5063 5066 the the DT 5067 5076 benchmark benchmark NN 5077 5086 covenants covenant NNS 5086 5087 ’ ' POS 5088 5096 relative relative JJ 5097 5106 emissions emission NNS 5107 5116 standards standard NNS 5117 5120 and and CC 5121 5124 the the DT 5125 5132 Belgian Belgian NNP 5133 5143 Government Government NNP 5143 5145 ’s 's POS 5146 5154 absolute absolute JJ 5155 5167 restrictions restriction NNS 5168 5170 on on IN 5171 5180 emissions emission NNS 5181 5187 within within IN 5188 5191 the the DT 5192 5201 framework framework NN 5202 5204 of of IN 5205 5208 the the DT 5209 5214 Kyoto Kyoto NNP 5215 5223 protocol protocol NN 5223 5224 . . . 5225 5230 Since since IN 5231 5239 industry industry NN 5240 5244 does do VBZ 5245 5248 not not RB 5249 5253 wish wish VB 5254 5256 to to TO 5257 5260 let let VB 5261 5267 itself itself PRP 5268 5270 be be VB 5271 5277 pinned pin VBN 5278 5282 down down RP 5283 5285 on on IN 5286 5288 an an DT 5289 5297 absolute absolute JJ 5298 5307 emissions emission NNS 5308 5315 ceiling ceiling NN 5315 5316 , , , 5317 5322 while while IN 5323 5326 the the DT 5327 5337 government government NN 5338 5343 feels feel VBZ 5344 5350 itself itself PRP 5351 5360 committed commit VBN 5361 5363 to to TO 5364 5366 an an DT 5367 5375 absolute absolute JJ 5376 5383 ceiling ceiling NN 5383 5384 , , , 5385 5393 industry industry NN 5394 5396 is be VBZ 5397 5405 foisting foist VBG 5406 5409 the the DT 5410 5419 necessary necessary JJ 5420 5427 efforts effort NNS 5428 5432 onto onto IN 5433 5438 other other JJ 5439 5446 sectors sector NNS 5447 5449 in in IN 5450 5457 society society NN 5458 5465 through through IN 5466 5469 the the DT 5470 5479 benchmark benchmark JJ 5480 5489 covenants covenant NNS 5489 5490 . . . 5491 5493 If if IN 5494 5504 industrial industrial JJ 5505 5515 greenhouse greenhouse NN 5516 5519 gas gas NN 5520 5529 emissions emission NNS 5530 5538 increase increase VBP 5539 5551 considerably considerably RB 5552 5556 over over IN 5557 5560 the the DT 5561 5565 next next JJ 5566 5568 10 10 CD 5569 5574 years year NNS 5574 5575 , , , 5576 5580 that that WDT 5581 5585 will will MD 5586 5590 have have VB 5591 5593 to to TO 5594 5596 be be VB 5597 5603 offset offset VBN 5604 5606 by by IN 5607 5608 a a DT 5609 5621 commensurate commensurate JJ 5622 5631 reduction reduction NN 5632 5634 of of IN 5635 5644 emissions emission NNS 5645 5647 in in IN 5648 5651 the the DT 5652 5661 transport transport NN 5662 5668 sector sector NN 5668 5669 , , , 5670 5678 services service NNS 5678 5679 , , , 5680 5690 households household NNS 5690 5691 , , , 5692 5695 and and CC 5696 5698 so so RB 5699 5704 forth forth RB 5704 5705 . . . 5712 5716 Thus thus RB 5717 5720 the the DT 5721 5730 benchmark benchmark NN 5731 5740 covenants covenant NNS 5741 5746 could could MD 5747 5751 have have VB 5752 5756 very very RB 5757 5768 significant significant JJ 5769 5781 consequences consequence NNS 5782 5785 for for IN 5786 5791 other other JJ 5792 5799 sectors sector NNS 5800 5803 and and CC 5804 5810 target target NN 5811 5817 groups group NNS 5818 5820 in in IN 5821 5824 our our PRP$ 5825 5832 society society NN 5832 5833 , , , 5834 5841 whereas whereas IN 5842 5845 the the DT 5846 5852 latter latter JJ 5853 5856 are be VBP 5857 5860 not not RB 5861 5869 involved involve VBN 5870 5872 in in IN 5873 5876 the the DT 5877 5890 deliberations deliberation NNS 5891 5893 on on IN 5894 5899 those those DT 5900 5909 covenants covenant NNS 5909 5910 . . . 5911 5916 Hence hence RB 5917 5918 a a DT 5919 5924 broad broad JJ 5925 5931 social social JJ 5932 5938 debate debate NN 5939 5941 on on IN 5942 5945 who who WP 5946 5952 should should MD 5953 5963 contribute contribute VB 5964 5967 how how WRB 5968 5972 much much JJ 5973 5975 to to TO 5976 5985 realizing realize VBG 5986 5989 the the DT 5990 5995 Kyoto Kyoto NNP 5996 6005 standards standard NNS 6006 6008 is be VBZ 6009 6017 urgently urgently RB 6018 6027 necessary necessary JJ 6027 6028 . . . 6035 6042 Despite despite IN 6043 6048 these these DT 6049 6061 shortcomings shortcoming NNS 6061 6062 , , , 6063 6065 we we PRP 6066 6073 believe believe VBP 6074 6078 that that IN 6079 6080 a a DT 6081 6085 role role NN 6086 6088 is be VBZ 6089 6097 reserved reserve VBN 6098 6101 for for IN 6102 6105 the the DT 6106 6116 instrument instrument NN 6117 6119 of of IN 6120 6129 benchmark benchmark NN 6130 6139 covenants covenant NNS 6139 6140 . . . 6141 6145 Thus thus RB 6146 6149 the the DT 6150 6159 benchmark benchmark NN 6160 6169 covenants covenant NNS 6170 6175 could could MD 6176 6178 be be VB 6179 6189 reconciled reconcile VBN 6190 6194 with with IN 6195 6198 the the DT 6199 6207 European European NNP 6208 6218 Commission Commission NNP 6218 6220 ’s 's POS 6221 6227 recent recent JJ 6228 6237 proposals proposal NNS 6238 6241 for for IN 6242 6251 launching launch VBG 6252 6253 a a DT 6254 6261 unified unified JJ 6262 6268 market market NN 6269 6272 for for IN 6273 6281 European european JJ 6282 6288 carbon carbon NN 6289 6296 dioxide dioxide NN 6297 6306 emissions emission NNS 6307 6309 by by IN 6310 6314 2005 2005 CD 6314 6315 . . . 6316 6320 This this DT 6321 6329 European european JJ 6330 6338 proposal proposal NN 6339 6346 assumes assume VBZ 6347 6355 absolute absolute JJ 6356 6368 restrictions restriction NNS 6369 6371 on on IN 6372 6381 emissions emission NNS 6382 6383 ( ( ( 6383 6392 companies company NNS 6393 6399 obtain obtain VBP 6400 6406 rights right NNS 6407 6409 to to TO 6410 6414 emit emit VB 6415 6416 a a DT 6417 6424 certain certain JJ 6425 6431 number number NN 6432 6434 of of IN 6435 6439 tons ton NNS 6440 6442 of of IN 6443 6449 carbon carbon NN 6450 6457 dioxide dioxide NN 6457 6458 ) ) ) 6459 6462 and and CC 6463 6465 is be VBZ 6466 6471 hence hence RB 6472 6486 irreconcilable irreconcilable JJ 6487 6489 at at IN 6490 6495 first first JJ 6496 6501 sight sight NN 6502 6506 with with IN 6507 6510 the the DT 6511 6518 Flemish flemish JJ 6519 6528 benchmark benchmark NN 6529 6538 covenants covenant NNS 6538 6539 . . . 6540 6547 However however RB 6547 6548 , , , 6549 6552 the the DT 6553 6562 benchmark benchmark NN 6563 6572 covenants covenant NNS 6573 6578 could could MD 6579 6581 be be VB 6582 6591 opportune opportune VBN 6592 6596 here here RB 6597 6600 for for IN 6601 6609 settling settle VBG 6610 6613 the the DT 6614 6621 initial initial JJ 6622 6632 allocation allocation NN 6633 6635 of of IN 6636 6644 emission emission NN 6645 6651 rights right NNS 6651 6652 . . . 6653 6662 Companies company NNS 6663 6668 could could MD 6669 6671 be be VB 6672 6681 allocated allocate VBN 6682 6688 rights right NNS 6689 6691 on on IN 6692 6695 the the DT 6696 6701 basis basis NN 6702 6704 of of IN 6705 6707 an an DT 6708 6714 energy energy NN 6715 6725 efficiency efficiency NN 6726 6734 standard standard NN 6734 6735 , , , 6736 6738 on on IN 6739 6742 the the DT 6743 6752 condition condition NN 6753 6757 that that IN 6758 6762 they they PRP 6763 6766 are be VBP 6767 6775 prepared prepare VBN 6776 6778 to to TO 6779 6785 accept accept VB 6786 6788 an an DT 6789 6797 absolute absolute JJ 6798 6807 emissions emission NNS 6808 6815 ceiling ceiling NN 6815 6816 . . . 6817 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NNS 7286 7288 of of IN 7289 7298 covenants covenant NNS 7299 7302 are be VBP 7303 7311 retained retain VBN 7312 7315 and and CC 7316 7321 their their PRP$ 7322 7331 drawbacks drawback NNS 7332 7335 are be VBP 7336 7346 eliminated eliminate VBN 7346 7347 . . . 7354 7356 In in IN 7357 7360 any any DT 7361 7365 case case NN 7365 7366 , , , 7367 7369 it it PRP 7370 7372 is be VBZ 7373 7377 high high JJ 7378 7382 time time NN 7383 7387 that that IN 7388 7389 a a DT 7390 7396 social social JJ 7397 7403 debate debate NN 7404 7406 be be VB 7407 7416 organized organize VBN 7417 7419 on on IN 7420 7423 the the DT 7424 7432 division division NN 7433 7435 of of IN 7436 7442 effort effort NN 7443 7445 to to TO 7446 7453 achieve achieve VB 7454 7457 the the DT 7458 7463 Kyoto Kyoto NNP 7464 7468 aims aim NNS 7468 7469 . . . 7470 7474 Only only RB 7475 7476 a a DT 7477 7485 division division NN 7486 7490 that that WDT 7491 7496 takes take VBZ 7497 7504 account account NN 7505 7507 of of IN 7508 7513 every every DT 7514 7520 sector sector NN 7520 7522 ’s 's POS 7523 7536 possibilities possibility NNS 7537 7540 and and CC 7541 7543 is be VBZ 7544 7549 borne bear VBN 7550 7552 by by IN 7553 7556 the the DT 7557 7564 various various JJ 7565 7571 target target NN 7572 7578 groups group NNS 7579 7589 guarantees guarantee VBZ 7590 7594 that that IN 7595 7602 Belgium Belgium NNP 7603 7607 will will MD 7608 7615 achieve achieve VB 7616 7619 its its PRP$ 7620 7625 Kyoto Kyoto NNP 7626 7630 aims aim NNS 7631 7638 without without IN 7639 7648 draconian draconian JJ 7649 7657 measures measure NNS 7658 7664 having have VBG 7665 7667 to to TO 7668 7670 be be VB 7671 7678 adopted adopt VBN 7679 7681 at at IN 7682 7685 the the DT 7686 7694 eleventh eleventh JJ 7695 7699 hour hour NN 7699 7700 . . .