"Paving the way for Europe's low-carbon energy future" BusinessEurope conference: extracts from the speech by José Manuel Barroso
End production: 08/10/2008 First transmission: 08/10/2008
José Manuel Barroso, President of the EC, took part in the debate "Paving the way for Europe's low-carbon energy future" organized by BusinessEurope on 8 October 2008. José Manuel Barroso in his closing keynote speech referred to the crisis and the role of the energy in the future of Europe and in the future European Economy.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior view of Hotel Sofitel in Brussels
||Arrival of José Manuel Barroso, President of the EC, to the conference (2 shots)
||José Manuel Barroso (in ENGLISH) saying that there is no point in pretending otherwise, we are in the middle of a very serious crisis; this is an unprecedented problem in Europe; the importance of the European dimension is also becoming more and more clear; although they have basically shown that the European system works and that the European leaders can make it work, it would be wrong to be panglossian about the current situation; it is going to require a determined very coordinated effort to get the European economy out of the woods; none of them should underestimate the difficulties that lie ahead
||José Manuel Barroso (in ENGLISH) saying that the transformation of Europe into a low-carbon economy is another way in which they are building a stronger Europe; the economic case for the package is clear; the cost of climate change will be much higher if they do not make adjustments now; according to the external view, those cost would be up of 20% GDP annually; they think they can limit the cost of their package to 0.5% of GDP; without a package, the EU would be much more vulnerable to energy shocks with potentially drastic consequences for the European economies; Europe is already dependent on others for around 55% of its needs; this could rise to 70% by 2030
||José Manuel Barroso (in ENGLISH) saying that finally change brings big economic opportunities and if the EU exploits its first mover advantage we can indeed benefit from this transition; achieving the 20% share for renewables for example could mean more than a million jobs in the industry by 2020; this is why it is more important than ever that they move ahead with the energy and climate change package, not despite the financial crisis but, at least in part, because of it
||José Manuel Barroso (in ENGLISH) saying that the ones who are going to be the winners of tomorrow's economy are the ones who take now the initiative of adapting to this transition; he has no doubts about that; and whoever wins the next election in the United States, he is sure that he will come to Europe and ask where the EU's energy and climate change package is, because the Americans are preparing to move fast on that
||Cutaways (3 shots)