Activities of Francisco GUERREIRO related to 2020/2043(INI)
Shadow opinions (1)
OPINION Towards a WTO-compatible EU carbon border adjustment mechanism
Amendments (6)
Amendment 5 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that the primary purpose of the carbon border adjustment mechanism (CBAM) must be to enable internationally effective carbon pricing schemes, to mitigate the leakage dilemma in the context of the Emissions Trading Scheme (ETS) and to prevent distortions to competition and trade; stresses that the CBAM will help the EU to meet its climate targets while keeping a level playing field in international trade, with the aim of galvanising the rest of the world into taking climate action in line with Paris Agreement;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges that the primary purpose of the carbon border adjustment mechanism (CBAM) must be to enable internationally effective carbon pricing schemes, to mitigate the leakage dilemma in the context of the Emissions Trading Scheme (ETS) and to prevent distortions to competition and trade; sStresses that the CBAM will help the EU to meet its climate targets while keeping a level playing field in international trade, with the aim of galvanising the rest of the world into taking climate action in line with Paris Agreement; Stresses that the venues generated from a CBA mechanism should by no mean be used as disguised subsidies to high polluting European industries, which would ultimately compromise its compatibility with the WTO;
Amendment 20 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Urges the Commission to pursue multilateral WTO reforms that bring international trade law in line with the goals of the Paris Agreement;
Amendment 28 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that dedicating the financial flows resulting from the CBAM to the EU budget would help to mitigate issues of fiscal equivalence and ensure a fairly distributed impact across Member States, as well as ensuring a lean structure with minimal administrative overheads; concludes, therefore, that defining the proceeds as an EU own resource, and decreasing GNI-based contributions accordingly, would help to mutualise the impact of the CBAM in a fair way across all Member States; Stresses that the implementation of the mechanism must be accompanied by the removal of all forms of environmentally harmful subsidies granted to energy-intensive industries at national level, in particular tax exemptions and breaks on energy used by energy-intensive industries; calls on the Commission to evaluate the different practices of Member States in that matter in light of the polluter pays principle:
Amendment 32 #
Draft opinion
Paragraph 4
Paragraph 4
4. Welcomes the fact that the CBAM, if used as a basis for an own resource, would bring the revenue side of the EU budget into closer alignment with strategic policy objectives such as the European Green Deal, the fight against climate change and the circular economy, and that it would thereby help to generate co- benefits, incentives and EU added value and highlights the necessity therefore, for any CBAM to be designed with the highest environmental integrity in mind;
Amendment 37 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Underlines that the GHG emissions content of imports concerned should be accounted for on the basis of transparent and reliable product-specific benchmarks representing the global average GHG emissions content of individual products while taking into account different production methods with varying emission intensities; considers that the carbon pricing of imports should also take into account the country-specific carbon intensity of the electricity grid;