Thank you very much, Mr. Chairman.
My questions will be for Mr. Delbeke, from the European Commission.
Europe, which has to reduce its greenhouse gas emissions by 8% from the 1990 level certainly has a better record in this regard than that submitted by Canada in Nairobi. You have decided to rely on section 4 of the Kyoto Protocol, that is the option of reaching your goals in a joint manner. So you have decided as soon as June, 1998 to adopt a so-called tryptique approach that reconciles the sectorial and territorial approaches.
Thus, Europe must reach a goal of minus 8% compared to the 1990 level of emissions. However, this system allows countries such as Greece to increase by 25% their greenhouse gas emissions. By contrast, Luxembourg must reduce its emissions by 28%. During the negotiations, an English representative had described the proposal of putting forward the tryptique model as being logical, defensible and transparent. Only if the tryptique approach had been deeply flawed could it have been rejected out of hand.
What benefits do you perceive in such a model that you have implemented in order to reach the Kyoto Protocol objectives?