64 Amendments of Theresa GRIFFIN related to 2015/0148(COD)
Amendment 56 #
Proposal for a directive
Recital 3
Recital 3
(3) The European Council confirmed that a well-functioning, reformed EU ETS with an instrument to stabilise the market will be the main European instrument to achieve this target, with an annual reduction factor of 2.2% from 2021 onwards, free allocation not expiring but existing measures continuing after 2020 to prevent the risk of carbon leakage due to climate policy, as long as no comparable efforts are undertaken in other major economies, without reducing the share of allowances to be auctioned. The auction share should be expressed as a percentage figure in the legislation, to enhance planning certainty as regards investment decisions, to increase transparency and to render the overall system simpler and more easily understandable. However, those orientations decided by the European Council may not be sufficient to fulfil the EU's commitments taken during the COP21, therefore an annual reduction factor of 2.4% is advisable.
Amendment 60 #
Proposal for a directive
Recital 4
Recital 4
(4) It is a key Union priority to establish a resilient Energy Union to provide secure, sustainable, competitive and affordable energy to its citizens. Achieving this requires continuation of ambitious climate action with the EU ETS as the cornerstone of Europe’s climate policy, and progress on the other aspects of Energy Union17. Implementing the ambition decided in the 2030 framework contributes to delivering a meaningful carbon price and continuing to stimulate cost-efficient greenhouse gas emission reductions. Regrets that the carbon price signal is right now too weak to induce low carbon investment in EU for industries. Whereas the EU is facing a serious investment leakage to third countries, whereas on the other hand a number of undertakings have been pursuing strategies focusing on short-term financial returns at the detriment of innovation, investments in R&D, employment and skills 'renewal; whereas production innovation has a positive effect on employment growth in all phases of the business cycle of industries; whereas involving workers in innovation and strategy definition is the best way to guarantee economic and environmental success. __________________ 17 COM(2015)80, establishing a Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy
Amendment 70 #
Proposal for a directive
Recital 5 a (new)
Recital 5 a (new)
(5a) In order to reflect real changes that have occurred in European emissions volumes since 2008, the Commission should conduct a review, and potentially change, the overall volume of emissions allowed during Phase IV of the EU ETS. Such a review would preferably occur, at the latest, during 2019, to provide predictability for Phase IV of the ETS.
Amendment 85 #
Proposal for a directive
Recital 6
Recital 6
(6) The auctioning of allowances remains the general rule, with free allocation as thea transitional exception. Consequently, and as confirmed by the European Council, the share of allowances to be auctioned, which was 57% over the period 2013-2020, should not be reduced. The Commission's Impact Assessment18 provides details on the auction share and specifies that this 57% share is made up of allowances auctioned on behalf of Member States, including allowances set aside for new entrants but not allocated, allowances for modernising electricity generation in some Member States and allowances which are to be auctioned at a later point in time because of their placement in the Market Stability Reserve established by Decision (EU) 2015/… of the European Parliament and of the Council19 . __________________ 18 SEC(2015)XX SEC(2015)XX 19 Decision (EU) 2015/… of the European Parliament and of the Council of … concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and amending Directive 2003/87/EC (OJ L […], […], p. […]).
Amendment 86 #
Proposal for a directive
Recital 6 a (new)
Recital 6 a (new)
(6a) Notes that the European Union is clear on its intention to maintain its Emissions Trading System (ETS) as the centrepiece of EU climate policy; Observe that the People’s Republic of China announced its plans for a national ETS to start in 2017; Considers that since January 2015, California and Quebec carbon markets have been linked; Emphasized that Korea launched a national ETS in 2015, becoming the first nation-wide trading program in Asia.
Amendment 87 #
Proposal for a directive
Recital 6 b (new)
Recital 6 b (new)
(6b) Whereas the EU industry is facing a race against time in order to regain its global competitiveness and capacity to invest in Europe and hence meet the social and environmental challenges it faces and which it must overcome while remaining a reference for the world in terms of the social and environmental responsibility of its operations;
Amendment 90 #
Proposal for a directive
Recital 7
Recital 7
(7) To preserve the environmental benefit of emission reductions in the Union while actions by other countries do not provide comparable incentives to industry to reduce emissions, free allocation should continue to installations in sectors and sub- sectors at genuine risk of carbon leakage. Experience gathered during the operation of the EU ETS confirmed that sectors and sub-sectors are at risk of carbon leakage to varying degrees, and that free allocation has prevented carbon leakage. While some sectors and sub-sectors can be deemed at a higher risk of carbon leakage, others are able to pass on a considerable share of the costs of allowances to cover their emissions in product prices without losing market share and only bear the remaining part of the costs so that they are at a low risk of carbon leakageThe aim of the free allocation is not to give operational subsidies to the firm but to incentivize and finance investments in mitigation technologies against climate change in the industry. The Commission should determine and differentiate the relevant sectors based on their trade intensity and their emissions intensity to better identify sectors at a genuine risk of carbon leakage. Where, based on these criteria, a threshold determined by at a genuine risk of carbon leakage. Where a certaking into account the respective possibility for sectors and sub-sectors concerned to pass on costs in product priceshold is exceeded, the sector or sub-sector should be deemed at risk of carbon leakage. Others should be considered at a low risk or at no risk of carbon leakage. Taking into account the possibilities for sectors and sub-sectors outside of electricity generation to pass on costs in product prices should also reduce windfall profits.
Amendment 110 #
Proposal for a directive
Recital 8 a (new)
Recital 8 a (new)
(8a) Earmarking is a key element in order for ETS Phase IV to finally trigger a virtuous circle. The Member-States should spend at least 80% of the auction revenues on climate actions listed in this Directive, and undertakings which receive free allocations in excess should use this resource exclusively on low carbon investment in the installations.
Amendment 112 #
Proposal for a directive
Recital 8 b (new)
Recital 8 b (new)
(8b) Considers the necessity of enhanced transparency framework; requires new standards for reporting and review of all nations' climate efforts will provide a foundation for building confidence not only in nations' actions but also for the use of high-integrity carbon markets to drive the deep emissions reductions called for by science.
Amendment 128 #
Proposal for a directive
Recital 9 a (new)
Recital 9 a (new)
(9a) Whereas the increase of the CO2 price would drive an investment shift to cleaner sources and processes, it has also potentially adverse effects on employment and purchasing power of the European citizens. The EU should monitor the social effects of CO2 price in order to avoid more inequalities and to incentivise job creation.
Amendment 132 #
Proposal for a directive
Recital 10
Recital 10
(10) The main long-term incentive from this Directive for the capture and storage of CO2 (CCS), capture and re-use of CO2 (CCU), new renewable energy technologies and breakthrough innovation in low-carbon technologies and processes is the carbon price signal it creates and that allowances will not need to be surrendered for CO2 emissions which are permanently stored or avoided. In addition, to supplement the resources already being used to accelerate demonstration of commercial CCS/CCU facilities and innovative renewable energy technologies, EU ETS allowances should be used to provide guaranteed rewards for deployment of CCS/CCU facilities, new renewable energy technologies and industrial innovation in low-carbon technologies and processes in the Union for CO2 stored or avoided on a sufficient scale, provided an agreement on knowledge sharing is in place. The majority of this support should be dependent on verified avoidance of greenhouse gas emissions, while some support may be given when pre-determined milestones are reached taking into account the technology deployed. The maximum percentage of project costs to be supported may vary by category of project.
Amendment 135 #
Proposal for a directive
Recital 10
Recital 10
(10) The main long-term incentive from this Directive for the capture and storage of CO2 (CCS), new renewable energy technologies and breakthrough innovation in low-carbon technologies and processes is the carbon price signal it creates and that allowances will not need to be surrendered for CO2 emissions which are permanently stored or avoided. In addition, to supplement the resources already being used to accelerate demonstration of commercial CCS facilities and innovative renewable energy technologies, EU ETS allowances should be used to provide guaranteed rewards for deployment of CCS facilities (both part and full chain projects), new renewable energy technologies and industrial innovation in low-carbon technologies and processes in the Union for CO2 stored or avoided on a sufficient scale, provided an agreement on knowledge sharing is in place. The majority of this support should be dependent on verified avoidance of greenhouse gas emissions, while some support may be given when pre-determined milestones are reached taking into account the technology deployed. The maximum percentage of project costs to be supported may vary by category of project.
Amendment 136 #
Proposal for a directive
Recital 11
Recital 11
(11) A Modernisation Fund should be established from 2% of the total EU ETS allowances, and auctioned in accordance with the rules and modalities for auctions taking place on the Common Auction Platform set out in Regulation 1031/2010. Member States who in 2013 had a GDP per capita at market exchange rates of below 60% below the Union average should be eligible for funding from the Modernisation Fund and derogate up to 2030 from the principle of full auctioning for electricity generation by using the option of free allocation in order to transparently promote real investments modernising their energy sector in line with the Union's 2030 and 2050 climate&energy goals, while avoiding distortions of the internal energy market. The rules for governing the Modernisation Fund should provide a coherent, comprehensive and transparent framework to ensure the most efficient implementation possible, taking into account the need for easy access by all participants. The function of the governance structure should be commensurate with the purpose of ensurrules and eligibility criteria of this Fund should be set ing the appropriate use of the funds. That governance structure should be composed of an investment board and a management committee and due account should be taken of the expertise of the EIB in the decision-making process unless support is provided to small projects through loans from a national promotional banks or through grants via a national programme sharing the objectives of the Modernisation Fund. Investments financed from the fund should be proposed by the Member Stateis Directive, but the governance and steering should be up to the beneficiary Member-States, assisted by an advisory board which composition combines local inputs, financial expertise, social partners’ dialogue and civil society views. To ensure that the investment needs in low income Member States are adequately addressed, the distribution of funds will take into account in equal shares verified emissions and GDP criteria. The financial assistance from the Modernisation Fund could be provided through different forms.
Amendment 143 #
Proposal for a directive
Recital 12
Recital 12
(12) The European Council confirmed that the modalities, including transparency, of the optional free allocation to modernise the energy sector in certain Member States should be improved. Investments with a value of €10 million or more should be selected by the Member State concerned through a competitive bidding process on the basis of clear and transparent rules to ensure that free allocation is used to promote real investments modernising the energy sector in line with the Energy Union objectives. The list of projects, both selected and not, should be public. Investments with a value of less than €10 million should also be eligible for funding from the free allocation. The Member State concerned should select such investments based on clear and transparent criteria set in this Directive. The results of this selection process should be subject to public consultation. The public should be duly kept informed at the stage of the selection of investment projects as well as of their implementation.
Amendment 153 #
Proposal for a directive
Recital 12 a (new)
Recital 12 a (new)
(12a) Whereas financial support for regions and sectors which depend on carbon-intensive activities will be essential to implementing a just transition in Europe. The impact of the energy transition on these regions and sectors has to be better assessed and taken into account especially considering the future of those workers who will be affected.
Amendment 155 #
Proposal for a directive
Recital 13
Recital 13
(13) EU ETS funding should be coherent with other Union funding programmes, including European Structural and Investment Funds, Horizon 2020 and the European fund for Strategic investments so as to ensure the effectiveness of public spending.
Amendment 182 #
Proposal for a directive
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Article 6
Paragraph 2
Amendment 183 #
Proposal for a directive
Article 1 – paragraph 1 – point 2 b (new)
Article 1 – paragraph 1 – point 2 b (new)
Article 7
(2b) Article 7 is amended as follows: Without undue delay, the operator shall inform the competent authority of any planned changes to the nature or functioning of the installation, or any extension or significant reduction of its capacity, which may require updating the greenhouse gas emissions permit. Where appropriate, the competent authority shall update the permit. Where there is a change in the identity of the installation's operator, the competent authority shall update the permit to include the name and address of the new operator.
Amendment 189 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Article 9 paragraph 2
Article 9 paragraph 3
Starting in 2021, the linear factor shall be 2.24%.
Amendment 190 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Article 9 – new paragraph
Article 9 – new paragraph
The Commission shall, by no later than 31st December 2019, review the actual volumes of emissions occurring in Europe, and if deemed necessary and appropriate, will reduce the overall volume of emissions allowed under Phase IV of the ETS. If such a reduction is enacted, a corresponding reduction in the linear reduction factor should also be evaluated, and potentially enacted. (This amendment applies throughout the text. Adopting it will necessitate corresponding changes throughout.)
Amendment 226 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point b a (new)
Article 1 – paragraph 1 – point 4 – point b a (new)
(ba) paragraph 3 is amended as follows: Member States shall determine the use of revenues generated from the auctioning of allowances, within the frame set hereafter. At least 80% of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c), or the equivalent in financial value of these revenues, shall be used for one or more of the following:
Amendment 228 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point b b (new)
Article 1 – paragraph 1 – point 4 – point b b (new)
Article 10
Paragraph 3 (a)
(bb) In paragraph 3, the point (a) is modified as follows: to reduce greenhouse gas emissions, including by contributing to the Global Energy Efficiency and Renewable Energy Fund, to the Adaptation Fund as made operational by the Poznan Conference on Climate Change (COP 14 and COP/MOP 4) and to the Green Climate Fund; to adapt to the impacts of climate change and to fund research and development as well as demonstration projects for reducing emissions and for adaptation to climate change, including participation in initiatives within the framework of the European Strategic Energy Technology Plan and the European Technology Platforms;
Amendment 229 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point b c (new)
Article 1 – paragraph 1 – point 4 – point b c (new)
Article 10
Paragraph 3 (b)
(bc) In paragraph 3, the point (b) is modified as follows: to develop renewable energies to meet the engagements of using 30 % renewable energies by 2030, as well as to develop other technologies contributing to the transition to a safe and sustainable low- carbon economy and to help meet the engagements to increase energy efficiency by 40 % by 2030;
Amendment 230 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point b d (new)
Article 1 – paragraph 1 – point 4 – point b d (new)
Article 10
Paragraph 3 (e)
(bd) In paragraph 3, the point (e) is complemented as follows: the environmentally safe capture and re- use of CO2 (CCU).
Amendment 244 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point c
Article 1 – paragraph 1 – point 4 – point c
Article 10
Paragraph 3 point m (new)
(la) measures which favour the recycling of base materials as a part of the circular economy;
Amendment 248 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point c a (new)
Article 1 – paragraph 1 – point 4 – point c a (new)
Article 10
Paragraph 3 new subparagraph
(ca) In paragraph 3, the following subparagraph is added at the end: The abovementioned report made by Member-States to the Commission creates an inventory of the use of revenues and actions taken pursuant to this paragraph which is made public.
Amendment 255 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point d a (new)
Article 1 – paragraph 1 – point 4 – point d a (new)
Article 10
Paragraph 5
(da) Paragraph 5 is complemented as follows: Refers in this regard to the obligation bore by Member States to inform the Commission as to the use of ETS revenues; underlines that increased transparency would help citizens see how ETS revenues are being used by national authorities.
Amendment 257 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point d b (new)
Article 1 – paragraph 1 – point 4 – point d b (new)
Article 10
Paragraph 5a
(db) A new paragraph 5a is added: The Commission shall build a database providing information on the carbon content of products made by the industry covered by the ETS.
Amendment 258 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point d c (new)
Article 1 – paragraph 1 – point 4 – point d c (new)
Article 10
Paragraph 5b
(dc) A new paragraph 5b is added: The Commission shall publish every two years on the basis of a harmonised information from Member-States the impact of the ETS carbon price on the purchasing power of the citizens. On this basis, the Member-States are invited to compensate the impact of the ETS carbon price on the purchasing power of households in situation of energy poverty.
Amendment 265 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a
Article 1 – paragraph 1 – point 5 – point a
Article 10a
Paragraph 1 Subparagraph 2
The Commission shall be empowered to adopt a delegated act in accordance with Article 23. This act shall also provide for additional allocation from the new entrants reserve for significant production increases by applying the same thresholds and allocation adjustments as apply in respect of partial cessations of operationchanges. Any 10% increase or decrease in production expressed as a rolling average of verified production data for the two preceding years compared to the production activity reported in accordance with Article 11 should be adjusted with a corresponding amount of allowances by placing allowances into and releasing allowances from the reserve referred to in paragraph 7.
Amendment 278 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 10a
Paragraph 1
(aa) The third paragraph of paragraph 1 is modified as follows: The measures referred to in the first subparagraph shall, to the extent feasible, determine Community-wide ex-ante benchmarks so as to ensure that allocation takes place in a manner that provides incentives for reductions in greenhouse gas emissions and energy efficient techniques, by taking account of the most efficient techniques, substitutes, alternative production processes, high efficiency cogeneration, efficient energy recovery of waste gases, use of biomass, capture and re-use of CO2 and capture and storage of CO2, where such facilities are available, and shall not provide incentives to increase emissions. No free allocation shall be made in respect of any electricity production, except for cases falling within Article 10c and electricity produced from waste gases.
Amendment 282 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a b (new)
Article 1 – paragraph 1 – point 5 – point a b (new)
Article 10a
Paragraph 2
(ab) In paragraph 2, "in the years 2007-2008" is replaced by "in the years 2017-2018" and the following sentence is added: "An update of the Briefs shall be organised to have a complete information of the progress in mitigation technologies in industries in 2025."
Amendment 285 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Article 10 a
Paragraph 2
Amendment 309 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Article 10 a
Paragraph 2
Amendment 326 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Article 10 a
Paragraph 2
Amendment 349 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point c
Article 1 – paragraph 1 – point 5 – point c
Article 10a
Paragraph 5
In order to respect the auctioning share set out in Article 10, the sum of free allocations in every year where the sum of free allocations does not reach the maximum level that respects the Member State auctioning share, the remaining allowances up to that level shall be used to prevent or limit reduction of free allocations to respect the Member State auctioning share in later years. Where, nonetheless, the maximum level is reached, free allocations shall be adjusted accordingly. Any such adjustment shall be done in a uniform mannerapplied so that the 10% best performers of each sector or sub-sector are not impacted.
Amendment 409 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Article10a
paragraph 8
paragraph 8
Amendment 431 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Article 10a
Paragraph 8
The allowances shall be made available for innovation in low-carbon industrial products, technologies and processes in existing and new installations and support for demonstration and pilot projects for the development of a wide range of CCS, CCU and innovative renewable energy technologies that are not yet commercially viable, ensuring a degree of geographical and sectoral balance in geographically balanced locations. In order to promote innovative projects, up to 60% of the relevant costs of projects may be supported, out of which up to 40% may not be dependent on verified avoidance of greenhouse gas emissions provided that pre-determined milestones are attained taking into account the technology deployed.
Amendment 447 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Article 10a
Paragraph 8
The Commission shall be empowered to adopt a delegated act in accordance with Article 23, taking due account of the following principles: - Projects should focus on research and innovation for the design and development of breakthrough solutions and implementation of demonstration programmes, including in real industrial environments; - Projects should deliver ambitious reduction in specific GHG emission intensity of at least 20%, with respect to the best available technologies; - The activities should run close-to-market in production plants to demonstrate the viability of breakthrough technologies in overcoming the technological as well as non-technological barriers; - Projects should address technological solutions that could have widespread applications and may combine different technologies; - Solutions and technologies should ideally have the potentials to be transferred within the sector and possibly to other sectors.
Amendment 449 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Article 10a
Paragraph 8 last subparagraph
The last subparagraph of paragraph 8 is modified as follows: Allowances shall be set aside for the projects that meet the criteria referred to in the third subparagraph. Support for these projects shall be given via Member States and shall be complementary to substantial co-financing by the operator of the installation. They could also be co- financed by the Member State concerned, as well as by other instruments and programmes such as EFSI and H2020. No project shall receive support via the mechanism under this paragraph that exceeds 15 % of the total number of allowances available for this purpose. These allowances shall be taken into account under paragraph 7. Monetisation of allowances shall start only in 2022 and be made gradual throughout Phase IV.
Amendment 459 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10b – paragraph 1
Article 10b – paragraph 1
1. STo determine the exposure to risk of carbon leakage for sectors and sub- sectors where the product exceeds 0.2 from multiplyingand in view of avoiding windfall profits, their intensity of trade with third countries, defined as the ratio between the total value of exports to third countries plus the value of imports from third countries and the total market size for the European Economic Area (annual turnover plus total imports from third countries), shall be multiplied by their emission intensity, measured in kgCO2 divided by their gross value added (in €), shall be deemed to be at risk of carbon leakage. Such sectors and sub-sectors shall. If this product exceeds 1.6, these sectors and sub-sectors shall be deemed at high risk of carbon leakage and be allocated allowances free of charge for the period up to 2030 at 100% of the quantity determined in accordance with the measures adopted pursuant to Article 10a. If this product exceeds 0.9, these sectors and sub-sectors shall be deemed at medium risk of carbon leakage and be allocated allowances free of charge for the period up to 2030 at 75% of the quantity determined in accordance with the measures adopted pursuant to Article 10a. If this product exceeds 0.2, these sectors and sub-sectors shall be deemed at low risk of carbon leakage and be allocated allowances free of charge for the period up to 2030 at 1050% of the quantity determined in accordance with the measures adopted pursuant to Article 10a. If this product is below 0,2, these sectors and sub-sectors shall be deemed at insignificant risk of carbon leakage and shall not be allocated allowances free of charge for the period up to 2030.
Amendment 481 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10b – paragraph 2
Article 10b – paragraph 2
Amendment 541 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 1
1. By derogation from Article 10a(1) to (5), Member States which had in 2013 a GDP per capita in € at market prices below 60% of the Union average may give a transitional free allocation to installations for electricity productiongenerators for the modernisation and diversification of the energy sector. This derogation shall end after 2030.
Amendment 562 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 2 (b)
(b) ensure that only projects which contribute to the diversification of their energy mix and sources of supply, the necessary restructuring, environmental upgrading and retrofitting of the infrastructure, clean technologies and modernisation of the energy production, transmission and distribution sectors, as well as energy efficiency and energy storage are eligible to bid;
Amendment 576 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 2 (c) (i)
(i) on the basis of a cost-benefit analysis, ensure a net positive gain in terms of emission reduction and realise a pre- determined significant level of CO2 reductions, in line with Annexes I and II of the European Investment Bank Climate Strategy;
Amendment 580 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 2 (c) (ii)
(ii) are additional, clearly respond to replacement and modernisation needs and do not supply a market-driven increase in energy demand and were not included in the national investment plan for phase 3;
Amendment 593 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 2 (c) (iv) (new)
(iv) promote community-driven integrated approaches;
Amendment 594 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 2 (c) (v) (new)
(v) do not contribute to new coal-fired energy generation capacity nor increase coal-dependency;
Amendment 625 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
The investments supported shall be proposed by beneficiary Member States and be consistent with the aims and criteria of this Directive and of the European Fund for Strategic Investments, as well as with the global EU energy and climate goals for 2030 and 2050.
Amendment 630 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 1 – subparagraph 3 (new)
They should follow the same criteria as in Article 10c, in particular: (i) on the basis of a cost-benefit analysis, ensure a net positive gain in terms of emission reduction and realise a pre- determined significant level of CO2 reductions, in line with Annexes I and II of the European Investment Bank Climate Strategy; (ii) are additional, clearly respond to replacement and modernisation needs and do not supply a market-driven increase in energy demand and were not included in the national investment plan for phase 3; (iii) offer best value for money; (iv) promote community-driven integrated approaches; (v) do not contribute to new coal-fired energy generation capacity nor increase coal-dependency;
Amendment 640 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 2
2. The fund shall also finance small- scale investment projects in the modernisation of energy systems and energy efficiency. To this end, the investment board shall developbeneficiary Member States shall develop national rules, guidelines and investment selection criteria specific to such projects in line with the objectives of the Fund and with the criteria set in paragraph 1 of this Article, while taking due account of the opinion of the advisory board referred to in paragraph 4.
Amendment 651 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 3
3. The funds shall be distributedEIB is responsible for the monetisation in equal volume each year of the 2% allowances referred to in Article 10. The EIB should define the monetisation calendar in consultation with the beneficiary Member States. The funds shall be distributed among the beneficiary Member States based on a combination of a 50% share of verified emissions and a 50% share of GDP criteria, leading to the distribution set out in Annex IIb.
Amendment 655 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 3 a (new)
3a. A new paragraph 3a is added: Any beneficiary Member State which have chosen to grant transitional free allocation pursuant to Article 10c may transfer these allowances to its share of the Modernisation Fund set out in Annex IIb and allocate them pursuant to the provisions of Article 10d.
Amendment 659 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4 – subparagraph 1
The fund shall be governed by an investment boardbeneficiary Member States shall be responsible for the governance of the Fund. They shall be assisted by and a management committeedvisory board, which shall be composed of representatives from the beneficiary Member States, the Commission, the EIB and, three representativeexperts selected by the other Member States for a period of 5 years. The investment board shall be responsible to determine an Union-level investment policy, appropriat and three individuals from interested parties (industrial federations, trade unions and NGOs) without voting rights. The advisory board shall take financing instruments and investment selection criteria. The management committo account Member States circumstances and specificities and shall guarantee procedural transparency and accountability of the selection process. The beneficiary Member Statees shall be responsible for the day-to-day management of the fund.
Amendment 668 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4 – subparagraph 1 a (new)
A new subparagraph is inserted: The selection of the eligible projects shall be made by the beneficiary Member States. This selection process and the list of ranked projects both selected and not, shall be public. The whole process shall abide by the criteria set in this Directive and take due account of the advisory board's opinion.
Amendment 674 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4 – subparagraph 2
The investment board shall elect a representative from the Commission as chairman. The investmentchairmanship of the advisory board shall be elected from its members based on a one-year-term rotation model. The advisory board shall strive to take decisions by consensus. If the investmentadvisory board is not able to decide by consensus within a deadline set by the chairman, the investmentadvisory board shall take a decision by simple majority.
Amendment 680 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4
Amendment 700 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 5
5. The beneficiary Member States shall report annually to the management committeeadvisory board on investments financed by the fund. The report shall be made public and include:
Amendment 709 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 6
6. Each year, the management committeeadvisory board shall report to the Commission on experience with the evaluation and selection of investments. The Commission shall review the basis on which projects are selected by 31 December 2024 and, where appropriate, make proposals to the management committeeadvisory board.
Amendment 711 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 7
Amendment 717 #
Proposal for a directive
Article 1 – paragraph 1 – point 7 a (new)
Article 1 – paragraph 1 – point 7 a (new)
(7a) The following Article 10e is inserted: Article 10e Just Transition Fund A Just Transition Fund is created as of 2021 as a complement to the European Regional Development Fund and the European Social Fund; it is funded through the pooling of 2% of the auctioning revenues. The revenues of these auctions would remain at the EU level, with the goal to use them for cushioning the social impact of climate policies in regions which combine a high share of workers in carbon-dependent sectors and a GDP per capita well below the EU-average. These auctioning revenues aimed at just transition can be put to use in different ways: - Creating redeployments and/or mobility cells - Education/Training initiatives to re-skill or upskill workers - Support in job search, including paid time-off to search for jobs - Social protection measures - Subsistence allowances - Business creation - Monitoring and pre-emptive measures to avoid or minimise the negative impact of restructuring process on physical and mental health. The core activities to be financed by a Just Transition Fund being strongly related to the labour market, social partners should be actively involved into the fund management – on the model of the ESF committee – and the participation of local social partners should be a key requirement for projects to get funding.
Amendment 718 #
Proposal for a directive
Article 1 – paragraph 1 – point 8
Article 1 – paragraph 1 – point 8
Article 11
Paragraph 1 – subparagraph 2
A list of installations covered by this Directive for the five years beginning on 1 January 2021 shall be submitted by 30 September 2018, and lists for the subsequent five years shall be submitted every five years thereafter. Each list shall include information on production activity, transfers of heat and gases, electricity production and emissions at sub- installation level over the five calendar years preceding its submission. Production activity shall be updated yearly in order to allow for a more dynamic allocation. Free allocations shall only be given to installations where such information is provided.
Amendment 746 #
Proposal for a directive
Article 1 – paragraph 1 – point 13 a (new)
Article 1 – paragraph 1 – point 13 a (new)
(13 a) In article 15a, the following paragraph is added: Allowances have to be published on the operators' annual accounts and the European Union encourages the resumption of work on an international accounting standard in this field.
Amendment 752 #
Proposal for a directive
Article 1 – paragraph 1 – point 20 a (new)
Article 1 – paragraph 1 – point 20 a (new)
(20a) A new Article 25 (1) (c) is added: Robust carbon accounting rules and measures shall be put in place to ensure that the ETS is in line with the Paris Agreement (especially article 6 paragraph 2) which enhances cooperation among governments on climate change mitigation, including market-based approaches, through provisions to facilitate cross-border transfers. The Commission has to put in place border carbon adjustment and transparency for reporting carbon content for the products under ETS in order to prevent double- counting of emissions reductions.