Activities of Birgit COLLIN-LANGEN related to 2014/0011(COD)
Plenary speeches (1)
Market stability reserve for the Union greenhouse gas emission trading scheme (A8-0029/2015 - Ivo Belet) DE
Amendments (7)
Amendment 28 #
Proposal for a decision
Recital 2
Recital 2
(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert reference.
Amendment 49 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) In the light of the ETS reform that is envisaged by the introduction of the market stability reserve, and in particular, the reduction in the surplus of allowances, the auctioning of the allowances back-loaded to 2019 and 2020 in accordance with Commission Regulation (EU) No 176/20141a , would be counterproductive. Accordingly, the back- loaded allowances should be withheld and their purpose determined within the review of Directive 2003/87/EC. __________________ 1aCommission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-2020 (OJ L 56, 26.2.2014, p. 11).
Amendment 61 #
Proposal for a decision
Recital 3 b (new)
Recital 3 b (new)
Amendment 124 #
Proposal for a decision
Article 1 – paragraph 3
Article 1 – paragraph 3
3. In each year beginning in 2021, a number of allowances equal to 12% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.
Amendment 193 #
Proposal for a decision
Article 2 a (new)
Article 2 a (new)
Article 2a Review of Directive 2003/87/EC By ...+ , the Commission shall review Directive 2003/87/EC with particular regard to carbon leakage provisions and the continuation of free allocations, better reflecting changing production levels and incentivising the most efficient performance taking into account direct and indirect carbon costs, as well as the purpose of the back-loaded allowances, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. __________________ + OJ: Please, insert the date: six months from the entry into force of this Decision.
Amendment 201 #
Proposal for a decision
Article 3 – title
Article 3 – title
Review of the market stability reserve
Amendment 212 #
Proposal for a decision
Article 3 – paragraph 1
Article 3 – paragraph 1