2 4 Mr Mr NNP 5 10 Jaume Jaume NNP 11 16 Matas Matas NNP 16 17 , , , 18 26 Minister Minister NNP 27 30 for for IN 31 42 Environment Environment NNP 42 43 , , , 44 51 Spanish Spanish NNP 52 62 Presidency Presidency NNP 63 65 of of IN 66 69 the the DT 70 72 EU EU NNP 79 82 Mrs Mrs NNP 83 89 Margot Margot NNP 90 99 Wallstrom Wallstrom NNP 99 100 , , , 101 113 Commissioner Commissioner NNP 114 117 for for IN 118 129 Environment Environment NNP 129 130 , , , 131 139 European European NNP 140 150 Commission Commission NNP 157 159 It it PRP 160 162 is be VBZ 163 168 clear clear JJ 169 173 that that IN 174 177 the the DT 178 187 proposals proposal NNS 188 191 for for IN 192 194 US US NNP 195 201 action action NN 202 204 on on IN 205 212 climate climate NN 213 219 change change NN 220 223 are be VBP 224 232 domestic domestic JJ 232 233 . . . 234 237 But but CC 238 241 the the DT 242 244 EU EU NNP 245 247 is be VBZ 248 257 concerned concern VBN 258 262 that that IN 263 267 they they PRP 268 272 will will MD 273 276 not not RB 277 281 even even RB 282 284 be be VB 285 295 sufficient sufficient JJ 296 298 to to TO 299 305 reduce reduce VB 306 308 US US NNP 309 318 emissions emission NNS 318 319 . . . 320 323 The the DT 324 325 “ `` `` 325 334 intensity intensity NN 335 341 target target NN 341 342 ” '' '' 343 351 proposed propose VBN 352 358 allows allow VBZ 359 362 for for IN 363 370 further further JJ 371 380 increases increase NNS 381 383 in in IN 384 392 absolute absolute JJ 393 402 emissions emission NNS 403 406 and and CC 407 409 is be VBZ 410 413 not not RB 414 424 sufficient sufficient JJ 425 427 to to TO 428 439 effectively effectively RB 440 445 fight fight VB 446 453 climate climate JJ 454 460 change change NN 460 461 . . . 462 464 On on IN 465 468 the the DT 469 477 contrary contrary NN 477 478 , , , 479 482 the the DT 483 488 Kyoto Kyoto NNP 489 497 Protocol Protocol NNP 498 506 requires require VBZ 507 511 most most RBS 512 526 industrialised industrialised JJ 527 536 countries country NNS 537 539 to to TO 540 547 achieve achieve VB 548 556 absolute absolute JJ 557 565 emission emission NN 566 576 reductions reduction NNS 576 577 , , , 578 583 while while IN 584 588 they they PRP 589 594 still still RB 595 602 foresee foresee VBP 603 605 to to TO 606 610 have have VB 611 618 growing grow VBG 619 628 economies economy NNS 628 629 . . . 636 639 The the DT 640 647 Climate Climate NNP 648 654 Change Change NNP 655 665 Convention Convention NNP 666 668 of of IN 669 673 1992 1992 CD 673 674 , , , 675 677 to to TO 678 683 which which WDT 684 687 the the DT 688 690 US US NNP 691 693 is be VBZ 694 695 a a DT 696 701 Party Party NNP 701 702 , , , 703 711 requires require VBZ 712 726 industrialised industrialised JJ 727 736 countries country NNS 737 739 to to TO 740 749 stabilise stabilise VB 750 755 their their PRP$ 756 766 greenhouse greenhouse NN 767 770 gas gas NN 771 780 emissions emission NNS 781 783 at at IN 784 788 1990 1990 CD 789 795 levels level NNS 795 796 . . . 797 806 Achieving achieve VBG 807 811 this this DT 812 817 would would MD 818 822 only only RB 823 825 be be VB 826 827 a a DT 828 833 first first JJ 834 838 step step NN 839 846 towards towards IN 847 858 stabilising stabilise VBG 859 865 global global JJ 866 876 greenhouse greenhouse NN 877 880 gas gas NN 881 895 concentrations concentration NNS 896 898 at at IN 899 900 a a DT 901 906 level level NN 907 911 that that WDT 912 917 would would MD 918 925 prevent prevent VB 926 935 dangerous dangerous JJ 936 943 climate climate NN 944 950 change change NN 950 951 . . . 952 956 This this DT 957 959 is be VBZ 960 963 the the DT 964 972 ultimate ultimate JJ 973 982 objective objective NN 983 985 of of IN 986 989 the the DT 990 1000 Convention convention NN 1001 1003 to to TO 1004 1009 which which WDT 1010 1013 the the DT 1014 1016 US US NNP 1017 1020 has have VBZ 1021 1031 subscribed subscribe VBN 1031 1032 . . . 1033 1040 However however RB 1040 1041 , , , 1042 1045 the the DT 1046 1049 new new JJ 1050 1054 plan plan NN 1055 1059 does do VBZ 1060 1063 not not RB 1064 1068 lead lead VB 1069 1071 to to TO 1072 1076 such such PDT 1077 1078 a a DT 1079 1092 stabilisation stabilisation NN 1092 1093 , , , 1094 1097 but but CC 1098 1105 instead instead RB 1106 1110 will will MD 1111 1115 lead lead VB 1116 1118 to to TO 1119 1122 the the DT 1123 1131 increase increase NN 1132 1134 of of IN 1135 1143 absolute absolute JJ 1144 1152 emission emission NN 1153 1159 levels level NNS 1159 1160 . . . 1167 1171 Over over IN 1172 1175 the the DT 1176 1180 past past JJ 1181 1186 years year NNS 1186 1187 , , , 1188 1198 greenhouse greenhouse NN 1199 1202 gas gas NN 1203 1212 emissions emission NNS 1213 1222 intensity intensity NN 1223 1225 in in IN 1226 1234 relation relation NN 1235 1237 to to TO 1238 1241 GDP GDP NNP 1242 1245 has have VBZ 1246 1250 been be VBN 1251 1258 falling fall VBG 1259 1261 in in IN 1262 1265 the the DT 1266 1268 US US NNP 1268 1269 . . . 1270 1273 The the DT 1274 1278 Bush Bush NNP 1279 1283 plan plan NN 1284 1286 is be VBZ 1287 1292 based base VBN 1293 1295 on on IN 1296 1297 a a DT 1298 1310 prolongation prolongation NN 1311 1313 of of IN 1314 1318 this this DT 1319 1324 trend trend NN 1325 1332 thereby thereby RB 1333 1335 in in IN 1336 1342 effect effect NN 1343 1353 foreseeing foresee VBG 1354 1360 little little RB 1361 1365 more more JJR 1366 1370 than than IN 1371 1383 continuation continuation NN 1384 1386 on on IN 1387 1388 a a DT 1389 1390 “ `` `` 1390 1407 business-as-usual business-as-usual JJ 1407 1408 ” '' '' 1409 1414 path. path. NN 1415 1422 Current current JJ 1423 1431 emission emission NN 1432 1443 projections projection NNS 1444 1447 for for IN 1448 1451 the the DT 1452 1454 US US NNP 1455 1463 indicate indicate VBP 1464 1466 an an DT 1467 1475 increase increase NN 1476 1478 of of IN 1479 1481 39 39 CD 1481 1482 % % NN 1483 1488 above above IN 1489 1493 1990 1990 CD 1494 1500 levels level NNS 1501 1503 in in IN 1504 1508 2012 2012 CD 1508 1509 . . . 1510 1515 While while IN 1516 1519 the the DT 1520 1529 intensity intensity NN 1530 1542 improvements improvement NNS 1543 1546 may may MD 1547 1553 reduce reduce VB 1554 1558 this this DT 1559 1561 to to TO 1562 1568 around around IN 1569 1571 33 33 CD 1571 1572 % % NN 1572 1573 , , , 1574 1578 this this DT 1579 1581 is be VBZ 1582 1587 still still RB 1588 1589 a a DT 1590 1594 very very RB 1595 1606 substantial substantial JJ 1607 1615 increase increase NN 1616 1618 in in IN 1619 1627 absolute absolute JJ 1628 1637 emissions emission NNS 1637 1638 . . . 1645 1648 The the DT 1649 1651 EU EU NNP 1652 1654 is be VBZ 1655 1664 concerned concern VBN 1665 1670 about about IN 1671 1674 the the DT 1675 1681 purely purely RB 1682 1691 voluntary voluntary JJ 1692 1698 nature nature NN 1699 1701 of of IN 1702 1705 the the DT 1706 1713 actions action NNS 1714 1722 proposed propose VBN 1722 1723 . . . 1724 1735 Furthermore furthermore RB 1735 1736 , , , 1737 1738 a a DT 1739 1745 review review NN 1746 1748 of of IN 1749 1752 the the DT 1753 1766 effectiveness effectiveness NN 1767 1769 of of IN 1770 1773 the the DT 1774 1782 measures measure NNS 1783 1787 will will MD 1788 1791 not not RB 1792 1796 take take VB 1797 1802 place place NN 1803 1809 before before IN 1810 1814 2012 2012 CD 1814 1815 . . . 1816 1818 It it PRP 1819 1821 is be VBZ 1822 1830 striking striking JJ 1831 1835 that that IN 1836 1839 the the DT 1840 1848 approach approach NN 1849 1854 which which WDT 1855 1857 is be VBZ 1858 1868 considered consider VBN 1869 1879 beneficial beneficial JJ 1880 1883 for for IN 1884 1889 other other JJ 1890 1893 air air NN 1894 1904 pollutants pollutant NNS 1904 1905 , , , 1906 1912 namely namely RB 1913 1915 to to TO 1916 1925 implement implement VB 1926 1939 cap-and-trade cap-and-trade JJ 1940 1950 programmes programme NNS 1950 1951 , , , 1952 1954 is be VBZ 1955 1958 not not RB 1959 1967 extended extend VBN 1968 1970 to to TO 1971 1974 CO2 co2 NN 1975 1984 emissions emission NNS 1985 1989 from from IN 1990 1993 the the DT 1994 1999 power power NN 2000 2006 sector sector NN 2006 2007 . . . 2008 2011 The the DT 2012 2014 EU EU NNP 2015 2017 is be VBZ 2018 2020 of of IN 2021 2024 the the DT 2025 2032 opinion opinion NN 2033 2037 that that IN 2038 2039 a a DT 2040 2053 cap-and-trade cap-and-trade JJ 2054 2060 system system NN 2061 2063 is be VBZ 2064 2065 a a DT 2066 2080 cost-effective cost-effective JJ 2081 2088 measure measure NN 2089 2091 to to TO 2092 2098 reduce reduce VB 2099 2108 emissions emission NNS 2109 2114 which which WDT 2115 2123 combines combine VBZ 2124 2125 a a DT 2126 2136 guaranteed guarantee VBN 2137 2150 environmental environmental JJ 2151 2157 result result NN 2158 2162 with with IN 2163 2166 the the DT 2167 2178 flexibility flexibility NN 2179 2181 to to TO 2182 2188 reduce reduce VB 2189 2198 emissions emission NNS 2199 2204 where where WRB 2205 2207 it it PRP 2208 2210 is be VBZ 2211 2216 least least RBS 2217 2223 costly costly JJ 2223 2224 . . . 2225 2227 By by IN 2228 2232 2005 2005 CD 2232 2233 , , , 2234 2237 the the DT 2238 2240 EU EU NNP 2241 2248 intends intend VBZ 2249 2251 to to TO 2252 2261 implement implement VB 2262 2263 a a DT 2264 2277 cap-and-trade cap-and-trade JJ 2278 2284 system system NN 2285 2293 covering cover VBG 2294 2296 46 46 CD 2296 2297 % % NN 2298 2300 of of IN 2301 2304 all all DT 2305 2308 CO2 co2 NN 2309 2318 emissions emission NNS 2319 2321 in in IN 2322 2326 2010 2010 CD 2326 2327 . . . 2334 2337 The the DT 2338 2340 EU EU NNP 2341 2349 welcomes welcome VBZ 2350 2353 the the DT 2354 2358 fact fact NN 2359 2363 that that IN 2364 2367 the the DT 2368 2372 Bush Bush NNP 2373 2387 administration administration NN 2388 2391 has have VBZ 2392 2395 now now RB 2396 2405 completed complete VBN 2406 2409 its its PRP$ 2410 2416 policy policy NN 2417 2423 review review NN 2424 2427 and and CC 2428 2431 has have VBZ 2432 2435 put put VBN 2436 2443 forward forward RB 2444 2448 what what WP 2449 2452 the the DT 2453 2455 US US NNP 2456 2463 intends intend VBZ 2464 2466 to to TO 2467 2469 do do VB 2470 2472 in in IN 2473 2478 terms term NNS 2479 2481 of of IN 2482 2490 domestic domestic JJ 2491 2498 climate climate JJ 2499 2505 change change NN 2506 2512 policy policy NN 2512 2513 . . . 2514 2517 The the DT 2518 2527 proposals proposal NNS 2528 2530 by by IN 2531 2540 President President NNP 2541 2545 Bush Bush NNP 2546 2549 may may MD 2550 2559 represent represent VB 2560 2561 a a DT 2562 2567 first first JJ 2568 2572 step step NN 2573 2575 in in IN 2576 2579 the the DT 2580 2585 right right JJ 2586 2595 direction direction NN 2595 2596 , , , 2597 2602 where where WRB 2603 2607 also also RB 2608 2616 economic economic JJ 2617 2626 operators operator NNS 2627 2629 in in IN 2630 2633 the the DT 2634 2636 US US NNP 2637 2640 are be VBP 2641 2646 asked ask VBN 2647 2649 to to TO 2650 2660 contribute contribute VB 2661 2663 to to TO 2664 2672 emission emission NN 2673 2680 control control NN 2680 2681 . . . 2682 2689 However however RB 2689 2690 , , , 2691 2700 mandatory mandatory JJ 2701 2711 monitoring monitoring NN 2712 2715 and and CC 2716 2725 reporting reporting NN 2726 2728 of of IN 2729 2738 emissions emission NNS 2739 2741 at at IN 2742 2749 company company NN 2750 2755 level level NN 2756 2761 would would MD 2762 2764 be be VB 2765 2774 necessary necessary JJ 2775 2777 to to TO 2778 2788 adequately adequately RB 2789 2795 assess assess VB 2796 2803 whether whether IN 2804 2807 the the DT 2808 2817 proposals proposal NNS 2818 2820 by by IN 2821 2830 President President NNP 2831 2835 Bush Bush NNP 2836 2845 represent represent VB 2846 2848 an an DT 2849 2855 effort effort NN 2856 2866 comparable comparable JJ 2867 2869 to to TO 2870 2873 the the DT 2874 2878 ones one NNS 2879 2884 under under IN 2885 2888 the the DT 2889 2894 Kyoto Kyoto NNP 2895 2903 Protocol Protocol NNP 2903 2904 . . . 2911 2914 The the DT 2915 2917 EU EU NNP 2918 2920 is be VBZ 2921 2931 determined determine VBN 2932 2934 to to TO 2935 2942 proceed proceed VB 2943 2947 with with IN 2948 2960 ratification ratification NN 2961 2963 of of IN 2964 2967 the the DT 2968 2973 Kyoto Kyoto NNP 2974 2982 Protocol Protocol NNP 2983 2985 by by IN 2986 2990 June June NNP 2991 2995 2002 2002 CD 2996 2998 in in IN 2999 3003 view view NN 3004 3006 of of IN 3007 3012 entry entry NN 3013 3017 into into IN 3018 3023 force force NN 3024 3026 by by IN 3027 3030 the the DT 3031 3035 time time NN 3036 3038 of of IN 3039 3042 the the DT 3043 3048 World World NNP 3049 3055 Summit Summit NNP 3056 3058 on on IN 3059 3070 Sustainable Sustainable NNP 3071 3082 Development Development NNP 3082 3083 . . . 3084 3087 The the DT 3088 3090 EU EU NNP 3091 3095 will will MD 3096 3104 continue continue VB 3105 3107 on on IN 3108 3111 its its PRP$ 3112 3119 current current JJ 3120 3124 path path NN 3125 3127 of of IN 3128 3136 emission emission NN 3137 3146 reduction reduction NN 3147 3150 and and CC 3151 3153 is be VBZ 3154 3164 optimistic optimistic JJ 3165 3169 that that IN 3170 3175 other other JJ 3176 3181 major major JJ 3182 3189 players player NNS 3189 3190 , , , 3191 3198 notably notably RB 3199 3204 Japan Japan NNP 3205 3208 and and CC 3209 3215 Russia Russia NNP 3215 3216 , , , 3217 3221 will will MD 3222 3226 join join VB 3227 3229 us us PRP 3230 3232 in in IN 3233 3238 these these DT 3239 3246 efforts effort NNS 3246 3247 . . . 3254 3257 The the DT 3258 3260 EU EU NNP 3261 3265 will will MD 3266 3273 further further RB 3274 3281 examine examine VB 3282 3285 and and CC 3286 3292 assess assess VB 3293 3296 the the DT 3297 3306 proposals proposal NNS 3307 3309 by by IN 3310 3319 President President NNP 3320 3324 Bush Bush NNP 3325 3327 in in IN 3328 3331 the the DT 3332 3337 weeks week NNS 3338 3340 to to TO 3341 3345 come come VB 3346 3349 and and CC 3350 3352 is be VBZ 3353 3360 willing willing JJ 3361 3363 to to TO 3364 3372 continue continue VB 3373 3376 the the DT 3377 3385 dialogue dialogue NN 3386 3390 with with IN 3391 3394 the the DT 3395 3397 US US NNP 3398 3400 on on IN 3401 3405 this this DT 3406 3411 basis basis NN 3411 3412 . . .