11 Amendments of Jens GIESEKE related to 2014/0011(COD)
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 50 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) Due to indirect costs relating to greenhouse gas emissions passed on in electricity prices, the Commission should consider a review of the lists of sectors and subsectors deemed to be exposed to a significant risk of carbon leakage in Annex II of the state aid guidelines 2012/C158/04 for electricity price compensation. The review should aim at ensuring consistency with eligible sectors listed under Section 3.7.2 of the state aid guidelines 2014/C200/01 for environmental protection and energy because of risks to their competitive position due to high electro-intensity. Sectors or subsectors exposed to a risk of carbon leakage, in which the sum of indirect additional costs would lead to a particularly high increase of production costs, calculated as a proportion of the gross value added, of at least 30% should also be taken into account in order to fully compensate for these costs.
Amendment 58 #
Proposal for a decision
Recital 3 b (new)
Recital 3 b (new)
Amendment 61 #
Proposal for a decision
Recital 3 b (new)
Recital 3 b (new)
Amendment 67 #
Proposal for a decision
Recital 3 c (new)
Recital 3 c (new)
(3c) Given the costs relating to greenhouse gas emissions passed on to final consumers via electricity prices, the Commission should consider forms of compensation other than financial measures, which are not working well. Among the measures to consider would be that of reserving a sufficient proportion of the Union-wide quantity of allowances for the sectors and subsectors deemed to be exposed to a significant risk of carbon leakage.
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 151 #
Proposal for a decision
Article 1 – paragraph 5 a (new)
Article 1 – paragraph 5 a (new)
5a. In any year beginning in 2021, the allocation of allowances under Article 10a of Directive 2003/87/EC or under any subsequent provisions following the review of that Directive referred to in Article 2a of this Decision, shall be adjusted by either placing allowances into, or withdrawing allowances from the reserve as appropriate, so as to ensure the full free allocation of allowances in respect of actual production to the most efficient installations in sectors at risk of carbon leakage. The number of allowances to be placed in or released from the reserve under this paragraph shall be calculated by reference to benchmarked carbon emissions in respect of the actual production of an installation, and the number of allowances allocated free to that installation, in year x. Any excess allowances over production emissions given to an installation shall be withheld from, and any shortfall in allowances over production emissions shall be added to, the allowances allocated to the installation in year x+1.
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