56 Amendments of Sira REGO related to 2021/0206(COD)
Amendment 57 #
Proposal for a regulation
Recital 13
Recital 13
(13) A Social Climate (‘the Fund’) should therefore be established to provide funds to the Member States to support their policies to address the social impacts of the emissions trading for buildgreen transition, carbon pricings and road transportising energy prices on vulnerable households, vulnerable micro-enterprises and vulnerable transport users. This should be achieved notably through temporary income support and measures and investments intended to reduce reliance on fossil fuels through increased energy efficiency of buildings, decarbonisation of heating and cooling of buildings, including the integration of energy from renewable sources, and granting improved access to zero- and low-emission mobility and transport to the benefit of vulnerable households, vulnerable micro-enterprises and vulnerable transport users.
Amendment 74 #
Proposal for a regulation
Recital 16
Recital 16
(16) Ensuring that the measures and investments are particularly targeted towards energy poor or vulnerable households, vulnerable micro-enterprises and vulnerable transport users is key for a just transition towards climate neutrality. Support measures to promote reductions in greenhouse gas emissions should help Member States to address the social impacts arising from the emissions trading for the sectors of buildings and road transportgreen transition and rising energy prices and guaranteeing consumer's access to clean and affordable energy.
Amendment 118 #
Proposal for a regulation
Recital 29 a (new)
Recital 29 a (new)
(29 a) All Member States which benefit from the Social Climate Fund have an obligation to respect the fundamental values enshrined in Article 2 of the Treaty on European Union. Respect for the rule of law is an essential precondition for compliance with the principles of sound financial management enshrined in Article 317 of the Treaty on the Functioning of the European Union (TFEU). The Commission should ensure the effective implementation of the horizontal rules for the protection of the Union budget in the case of breaches of the principles of the rule of law in the Member States in accordance with Regulation (EU, Euratom) 2020/2092 of the European Parliament and of the Council. Where it is established that breaches of the principles of the rule of law in a Member State affect or seriously risk affecting the sound financial management of the Social Climate Fund or the protection of the financial interests of the Union in a sufficiently direct way, the Commission should take the necessary measures, which may include, among others, a suspension of payments, termination of the legal commitment within the meaning of the Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council, a prohibition on entering into such legal commitments, or a suspension of the disbursement of instalments. When the Commission decides, in accordance with Regulation (EU, Euratom) 2020/2092, on a repayment, reduction or termination of the legal commitment or financial allocation, these amounts should be proportionally allocated to all other Member States.
Amendment 119 #
Proposal for a regulation
Recital 34 a (new)
Recital 34 a (new)
(34 a) The European Union is already facing a social crisis with an estimated 30 to 50 million energy poor, 700,000 homeless people (an increase of 70% over the last 10 years). According to EU-SILC, the financial inability to maintain an adequate temperature in housing affected 7% of all residents of the EU28 and 18% of poor households. Many countries saw the proportion of poor households facing energy poverty increase significantly over the last decade, which will be compounded by the ongoing rise of energy prices across Europe. Long-term trends also show that house price indices increased by 23% and rental price indices by 16% between 2009 and 2019, across the European Union. In such a context, the implementation of the green deal is necessary but cannot be approximate in its effort to support poor and vulnerable households.
Amendment 120 #
Proposal for a regulation
Article 1 – paragraph 3
Article 1 – paragraph 3
The measures and investments supported by the Fund shall benefitgeneral objective of the Fund is to contribute to the transition towards climate neutrality, which leaves no one behind by contributing to the socially fair reduction of emissions in the transport and buildings sectors by providing support and empowering local communities, vulnerable households, vulnerable micro- enterprises and vulnerable transport users, which are vulnerable and particularly affected by the inclusion of greenhouse gas emissions from buildingespecially those classed as vulnerable or with low capacity to invest. The measures and investments supported by the Fund shall benefit households, micro-enterprises and road transport into the scope of Directive 2003/87/EC,users, including those which are vulnerable and particularly affected by the green transition especially households in energy poverty and citizens without public transport alternative to individual cars (in remote and rural areas); conditions for support from the Fund shall not impose any bureaucratic burden or additional cost on households and occupants of rental buildings.
Amendment 140 #
Proposal for a regulation
Article 2 – paragraph 1 – point 1
Article 2 – paragraph 1 – point 1
(1) ‘building renovation’ means all kinds of energy-related building renovation,terations to a building to improve energy performance and indoor climate including the insulation of the building envelope, that is to say walls, roof, floor, the replacement of windows, the replacement of heating, cooling and cooking appliances, and the installation of on-site production of energy from renewable sources as well as the professional removal of harmful substances such as asbestos;
Amendment 149 #
Proposal for a regulation
Article 2 – paragraph 1 – point 2
Article 2 – paragraph 1 – point 2
(2) ‘energy poverty’ means energy poverty as defined in point [(49)] of Article 2 of Directive (EU) [yyyy/nnn] of the of the European Parliama household's lack of access to essential and affordability energy services that underpin a decent standard of the Council50 ; _________________ 50[Directive (EU) [yyyy/nnn] of the of the European Parliament and of the Council (OJ C […], […], p. […]).] [Proposal for recast of Directive 2012/27/EU on energy efficiency]living and health, including adequate warmth, cooling, lighting and energy to power appliances, in the relevant national context, existing social policy and other relevant policies;
Amendment 152 #
Proposal for a regulation
Article 2 – paragraph 1 – point 2 a (new)
Article 2 – paragraph 1 – point 2 a (new)
(2 a) 'mobility poverty' means households unable to afford the necessary travels required to meet their essential socio-economic needs in a given context which can be caused by one, or by the combination, of the following factors, depending on national and local specificities: low income, high fuel expenditures and/or high costs of public transports, availability of public transport or other mobility alternatives, in particular in terms of accessibility and location, scheduled frequency, reliability, travelled distances, transport practises and the poor performance of vehicles;
Amendment 161 #
Proposal for a regulation
Article 2 – paragraph 1 – point 11
Article 2 – paragraph 1 – point 11
(11) ‘vulnerable households’ means households in energy poverty or households, including lower middle- income ones, or live in inadequate housing as defined by national definition or the ETHOS framework, and that are significantly affected by the price impacts of the inclusion of buildings into the scope of Directive 2003/87/ECrising energy prices and/or the impact of carbon pricing on electricity and heating and lack the means to renovate the building they occupy;
Amendment 167 #
Proposal for a regulation
Article 2 – paragraph 1 – point 12
Article 2 – paragraph 1 – point 12
(12) ‘vulnerable micro-enterprises’ means micro-enterprises that are significantly affected by the price impacts of the inclusion of buildings into the scope of Directive 2003/87/ECemission pricing on energy costs and lack the means to renovate the building they occupy;
Amendment 190 #
Proposal for a regulation
Article 3 – paragraph 2
Article 3 – paragraph 2
2. The Plan may include national measures providing temporary direct income support to vulnerable households and households that are vulnerable transport users to reduce the impact of the increase in the price of fossil fuels resulting from the incrising energy prices and/or the impact of emission pricing on electricity, heating and transport, while quickly providing long-term solustion of buildings and road transport into the scope of Directive 2003/87/ECfor reducing energy and transport cost through renovation and other measures under the scope of article 6 of this regulation at no additional cost to the final beneficiary.
Amendment 196 #
Proposal for a regulation
Article 3 – paragraph 3 – introductory part
Article 3 – paragraph 3 – introductory part
3. The Plan shall include national, regional and local projects to:
Amendment 202 #
Proposal for a regulation
Article 3 – paragraph 3 – point a
Article 3 – paragraph 3 – point a
(a) finance measures and investments to increase energy efficiency of buildings, to implement energy efficiency improvement measures, to carry out building renovation, and to decarbonise heating and cooling of buildings, including the integration of energy production from renewable energy sources by tenants, cooperatives and renewable energy communities;
Amendment 209 #
Proposal for a regulation
Article 3 – paragraph 3 – point b
Article 3 – paragraph 3 – point b
(b) finance measures and investments to increase the availability of public transport and the uptake of zero- and low- emission mobility and transport especially in rural and remote areas.
Amendment 212 #
Proposal for a regulation
Article 3 – paragraph 3 – point b a (new)
Article 3 – paragraph 3 – point b a (new)
(b a) Plans shall be made public and accessible.
Amendment 213 #
Proposal for a regulation
Article 3 – paragraph 3 a (new)
Article 3 – paragraph 3 a (new)
3 a. national policy reforms addressing non-monetary barriers to improvements in transport, building efficiency and renewable energy use including local community led projects to facilitate and to accelerate the socially fair transition towards climate neutrality;
Amendment 215 #
Proposal for a regulation
Article 4 – paragraph 1 – point a
Article 4 – paragraph 1 – point a
(a) concrete measures including policy reform and investments in accordance with Article 3 to reducneutralize the effects referred to in point (c) of this paragraph together with an explanation of how they would contribute effectively to the achievement of the objectives set out in Article 1 within the overall setting of a Member State’s relevant policies;
Amendment 220 #
Proposal for a regulation
Article 4 – paragraph 1 – point b
Article 4 – paragraph 1 – point b
(b) concrete accompanying measures including policy reform needed to accomplish the measures and investments of the Plan and reduce the effects referred to in point (c) as well as information on existing or planned financing of measures and investments from other Union, international, public or private sources;
Amendment 242 #
Proposal for a regulation
Article 4 – paragraph 1 – point h
Article 4 – paragraph 1 – point h
(h) an explanation of how the Plan ensures that no investment or measure, included in the Plan does significant harm to environmental objectives within the meaning of Article 17 of Regulation (EU) 2020/852, does not finance projects linked to fossil fuel and should promote high quality employment and decent working conditions; the Commission shall provide technical guidance to the Member States targeted to the scope of the Fund to that effect; no explanation is required for the measures referred to in Article 3(2);
Amendment 243 #
Proposal for a regulation
Article 4 – paragraph 1 – point h a (new)
Article 4 – paragraph 1 – point h a (new)
(h a) the arrangements to prevent bureaucratic burden on household beneficiaries receiving support from the Fund;
Amendment 244 #
Proposal for a regulation
Article 4 – paragraph 1 – point i
Article 4 – paragraph 1 – point i
(i) the arrangements for the effective monitoring and implementation of the Plan by the Member State concerned and in accordance with the Partnership Principle, in particular of the proposed milestones and targets, including indicators for the implementation of measures and investments, which, where relevant, shall be those available with the Statistical office of the European Union European Statistical Office and the European Energy Poverty Observatory as identified by Commission Recommendation 2020/156354 on energy poverty, the involvement of partners and, where relevant, the composition of the monitoring committee, in accordance with the European Code of Conduct on Partnership; _________________ 54 OJ L 357, 27.10.2020, p. 35.
Amendment 247 #
Proposal for a regulation
Article 4 – paragraph 1 – point i a (new)
Article 4 – paragraph 1 – point i a (new)
(i a) Member states shall provide information to final beneficiaries about eligibility and how to access funding and make arrangements for personal assistance and guidance. Member Sattes shall lay down a detailed communication strategy that they will use to reach out and communicate to people who are energy poor and/or mobility poor or at risk thereof respectively.
Amendment 248 #
Proposal for a regulation
Article 4 – paragraph 1 – point j
Article 4 – paragraph 1 – point j
(j) for the preparation and, where available, for the implementation of the Plan, a summary of the consultation process, conducted in accordance with Article 10 of Regulation (EU) 2018/1999 and with the national legal framework, of local and regional and local authorities, social partnertrade unions, civil society organisations, youth organisations and other relevant stakeholders, and how the input of the stakeholders is reflected in the Plan, households affected by energy poverty or mobility poverty and other relevant stakeholders, and how stakeholders are involved in the development and decision making of the Plan and its individual projects;
Amendment 253 #
Proposal for a regulation
Article 5 – paragraph 2 – point a
Article 5 – paragraph 2 – point a
(a) substantial energy efficiency gains;
Amendment 254 #
Proposal for a regulation
Article 5 – paragraph 2 – point a a (new)
Article 5 – paragraph 2 – point a a (new)
(a a) renewable energy generation on- site or as part of an energy cooperative or energy community project;
Amendment 255 #
Proposal for a regulation
Article 5 – paragraph 2 – point b
Article 5 – paragraph 2 – point b
(b) building renovation with substantial energy cost saving for occupants;
Amendment 260 #
Proposal for a regulation
Article 5 – paragraph 2 – point c
Article 5 – paragraph 2 – point c
(c) public transport, zero- and low- emission mobility and transport;
Amendment 268 #
Proposal for a regulation
Article 5 – paragraph 2 – point e a (new)
Article 5 – paragraph 2 – point e a (new)
(e a) phase out of fossil fuels;
Amendment 269 #
Proposal for a regulation
Article 5 – paragraph 2 – point e b (new)
Article 5 – paragraph 2 – point e b (new)
(e b) enterprises benefiting from the Social Climate Fund shall be conditional on the respect of applicable working conditions and employers’ obligations resulting from labour law and/or collective agreements and for the full application of the European Pillar of Social Rights.
Amendment 274 #
Proposal for a regulation
Article 5 – paragraph 3 a (new)
Article 5 – paragraph 3 a (new)
3 a. The Fund shall not support: a. the decommissioning or the construction of nuclear power stations; b. an undertaking in difficulty, as defined in point (18) of Article 2 of Commission Regulation (EU) No 651/2014 (18); c. investment related to the production, processing, transport, distribution, storage or combustion of fossil fuels; d. investment related to the use of forest biomass for energy purposes or to the use for energy purposes of cereal and other starch-rich crops, sugars and oil crops and crops grown as main crops primarily for energy purposes on agricultural land; e. any investment in companies which are linked to [violations of fundamental and human rights, as set out inter alia, under the International Bill of Human Rights, ILO Conventions, the European Convention on Human Rights, the Charter of Fundamental Rights of the EU and the European Pillar of Social Rights.This includes, amongst others, freedom of association, the right to collective bargaining and collective action, and the right to decent working conditions; f. Any investment that would lead to direct increase in housing prices for population below the poverty line and therefore be equivalent to deliberate “renoviction”.
Amendment 277 #
Proposal for a regulation
Article 6 – paragraph 1
Article 6 – paragraph 1
1. Member States may include the costs of measures providing temporary direct income support to vulnerable households and vulnerable households that are transport users to absorb the increase in road transport and heating fuel prices. Such support shall decrease over time and be limited to the direct impact of the emission trading for buildings and road transportinversely decrease after long- term solutions such as renovations have been completed and ensuring that the impact of the transition is economically and socially neutral for households and reduce gender and climate inequalities. Eligibility for such direct income support shall cease within the time limits identified under Article 4(1) point (d).
Amendment 289 #
Proposal for a regulation
Article 6 – paragraph 2 – point a
Article 6 – paragraph 2 – point a
(a) support quality building renovations, especially for those occupying worst- performing buildings, including in the form of financial support or fiscal incentives such as deductibility of renovation costs from the rent, independently of the ownership of the buildings concerned; ensuring the costs of the renovation do not impact households, in particular tenants, and micro enterprises financial support can be granted energy poor households to cover the full cost of renovation;
Amendment 299 #
Proposal for a regulation
Article 6 – paragraph 2 – point b a (new)
Article 6 – paragraph 2 – point b a (new)
(b a) support for energy poor and vulnerable households own on-site renewable energy generation and participation in renewable energy cooperatives and energy community projects;
Amendment 303 #
Proposal for a regulation
Article 6 – paragraph 2 – point c
Article 6 – paragraph 2 – point c
(c) support public and private entities in developing andnon-for profit entities providing affordable energy efficiency renovation solutions and appropriate funding instrumentcovering the full cost of renovation for energy poor households in line with the social goals of the Fund;
Amendment 311 #
Proposal for a regulation
Article 6 – paragraph 2 – point d
Article 6 – paragraph 2 – point d
(d) provide access to zero- and low- emission vehicles and bikes, including covering cost, financial support or fiscal incentives for their purchase as well as for appropriate public and private infrastructure, including for recharging and refuelling; for support concerning low- emission vehicles, a timetable for gradually reducing the support shall be provided along with the implementation of long- term solutions at no additional cost to household beneficiaries;
Amendment 321 #
Proposal for a regulation
Article 6 – paragraph 2 – point f
Article 6 – paragraph 2 – point f
(f) support public and privatenon-for profit entities in developing and providing affordable zero- and low-emission mobility and transport services and the uptake of attractive active mobility options for rural, insular, mountainous, remote and less accessible areas or for less developed regions or territories, including less developed peri-urban areas.
Amendment 334 #
Proposal for a regulation
Article 8 – paragraph 1
Article 8 – paragraph 1
Member States may include into the estimated total costs financial support provided to public or privatenon-for-profit entities other than vulnerable households, vulnerable micro-enterprises and vulnerable transport uses, if those entities carry out measures and investments ultimately benefitting vulnerable households, vulnerable micro- enterprises and vulnerable transport users provided that these entities comply with the social and environmental safeguards outlined in article 5 of this Regulation.
Amendment 341 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
1. The financial envelope for the implementation of the Fund for the period 20253-2027 shall be EUR 23 7at least EUR 54 000 000 000 in current prices.
Amendment 345 #
Proposal for a regulation
Article 9 – paragraph 2
Article 9 – paragraph 2
2. The financial envelope for the implementation of the Fund for the period 2028-2032 shall be EUR 48 500at least EUR 270 625 000 000 in current prices, subject to the availability of the amounts under the annual ceilings of the applicable multiannual financial framework referred to in Article 312 TFEU.
Amendment 349 #
Proposal for a regulation
Article 9 – paragraph 2 a (new)
Article 9 – paragraph 2 a (new)
2 a. The amount referred to in paragraph 1 and 2 of this Article shall be made available for budgetary commitment under Social Climate Fund for the years 2023 to 2032, from the following sources: - revenues from emission trading under Directive 2003/87/EC ; - EU own resources as the financial transactions tax and the digital services tax;
Amendment 352 #
Proposal for a regulation
Article 9 – paragraph 3 a (new)
Article 9 – paragraph 3 a (new)
3 a. The above mentioned amount can be increased if the measures taken to achieve decarbonisation have a more significant impact than foreseen.
Amendment 368 #
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
Amendment 369 #
Proposal for a regulation
Article 15 – paragraph 1 a (new)
Article 15 – paragraph 1 a (new)
1 a. whether the Plan complies with the conditionalities and exclusions set out in article 5 of this Regulation, including the exclusion of fossil fuel investments;
Amendment 370 #
Proposal for a regulation
Article 15 – paragraph 1 b (new)
Article 15 – paragraph 1 b (new)
1 b. whether the Plan has been developed with the meaningful participation of reginal and local authorities, trade unions, civil society organisations, youth organisations, households affected by energy poverty or mobility poverty and other relevant stakeholders, in accordance with the principles and processes outlined in the European Code of Conduct on Partnership;
Amendment 371 #
Proposal for a regulation
Article 15 – paragraph 2 – point a – point i
Article 15 – paragraph 2 – point a – point i
(i) whether the Plan represents a response to the social impact on and challenges faced by vulnerable households, vulnerable micro-enterprises and vulnerable transport users in the Member State concerned from establishing the emission trading system for buildings and road transport established pursuant to Chapter IVa of Directive 2003/87/EC, especially households in energy poverty, duly taking into account the challenges identified in the assessments of the Commission of the update of the concerned Member State’s integrated national energy and climate plan and of its progress pursuant to Article 9(3), and Articles 13 and 29 of Regulation (EU) 2018/1999, as well as in the Commission recommendations to Member States issued pursuant to Article 34 of Regulation (EU) 2018/1999 in view of the long-term objective of climate neutrality in the Union by 2050. This shall take into account the specific challenges and the financial allocation of the Member State concerned;
Amendment 388 #
Proposal for a regulation
Article 15 – paragraph 2 – point b – point ii
Article 15 – paragraph 2 – point b – point ii
(ii) whether the arrangements proposed by the Member State concerned are expected to ensure the effective monitoring and implementation of the Plan, including the involvement of all relevant stakeholders according to the Partnership Principle, envisaged timetable, milestones and targets, and the related indicators;
Amendment 391 #
Proposal for a regulation
Article 15 – paragraph 2 – point b a (new)
Article 15 – paragraph 2 – point b a (new)
(b a) whether the measures and investments included in the plan deliver adequately on the potential synergies between climate, environment and social targets to meet the EU's 2030 targets and commitments to achieve the sustainable development goals.
Amendment 392 #
Proposal for a regulation
Article 15 – paragraph 2 – point c – point i
Article 15 – paragraph 2 – point c – point i
(i) whether the justification provided by the Member State for the amount of the estimated total costs of the Plan is reasonable, plausible, in line with the principle of cost efficiency and commensurate to the expected national environmental and social impact; and ensures that the impact of the green transition is economically and socially neutral for energy poor, mobility poor, vulnerable households, vulnerable transport users and vulnerable micro- enterprises and meets the objective of reducing climate inequalities taking into consideration gender inequalities as women and single parent households are more likely to be affected by energy and transport poverty;
Amendment 394 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. Where a Social Climate Plan, including relevant milestones and targets, is no longer achievable, either in whole or in part, by the Member State concerned because of objective circumstances, in particular because of the actual direct effects of the emission trading system for buildings and road transport established pursuant to Chapter IVa of Directive 2003/87/EC, the Member State concerned may submit to the Commission an amendment of its Plan to include the necessary and duly justified changes. Member States may request technical support for the preparation of such request.
Amendment 399 #
Proposal for a regulation
Article 17 – paragraph 5
Article 17 – paragraph 5
5. By 15 March 2027 each Member State concerned shall assess the appropriateness of its Plans in view of the actual direct effects of the emission trading system for buildings and road transport established pursuant to Chapter IVa of Directive 2003/087/ECand other measures geared towards the green transition. Those assessments shall be submitted to the Commission as part of the biennial progress reporting pursuant to Article 17 of Regulation (EU) 2018/1999.
Amendment 405 #
Proposal for a regulation
Article 19 – paragraph 2
Article 19 – paragraph 2
2. The Commission shall assess without undue delay, and at the latest within two months of receiving the request, whether the relevant milestones and targets set out in the Commission decision referred to in Article 16 have been satisfactorily fulfilled. The assessment shall include an evaluation of the involvement of regional and local stakeholders according to the Partnership Principle. The satisfactory fulfilment of milestones and targets shall presuppose that measures related to previously satisfactorily fulfilled milestones and targets have not been reversed by the Member State concerned. The Commission may be assisted by experts.
Amendment 406 #
Proposal for a regulation
Article 20 – paragraph 1
Article 20 – paragraph 1
1. In implementing the Fund, the Member States, as beneficiaries of funds under the Fund, shall take all the appropriate measures to protect the financial interests of the Union and to ensure that the use of funds in relation to measures and investments supported by the Fund complies with the applicable Union and national law, in particular regarding the protection of the Union budget in the case of breaches of the principles of the rule of law, prevention, detection and correction of fraud, corruption and conflicts of interests. To this effect, the Member States shall provide an effective and efficient internal control system as further detailed in Annex III and the recovery of amounts wrongly paid or incorrectly used. Member States may rely on their regular national budget management systems.
Amendment 407 #
Proposal for a regulation
Article 21 – paragraph 1 a (new)
Article 21 – paragraph 1 a (new)
ensure the Partnership Principle as a guiding principle, both in the drafting and implementation phase of the Funds. National Parliaments, local and regional authorities, civil society and trade unions must be involved in the drafting, approval and monitoring processes.
Amendment 413 #
Proposal for a regulation
Article 23 – paragraph 2
Article 23 – paragraph 2
2. The Commission shall monitor the implementation of the Fund and measure the achievement of its objectives. Theimplementation and the measurement of the objectives’ achievements of the Fund shall be monitored under the Partnership Principal and include mandatory involvement of national parliaments and local and regional authorities. The Commission's monitoring of implementation shall be targeted and proportionate to the activities carried out under the Fund.
Amendment 414 #
Proposal for a regulation
Article 23 – paragraph 2 a (new)
Article 23 – paragraph 2 a (new)
2 a. The European Parliament shall be involved in the monitoring process of the Fund.
Amendment 417 #
Proposal for a regulation
Article 24 – paragraph 3
Article 24 – paragraph 3
3. The evaluation report shall, in particular, assess to which extent the objectives of the Fund laid down in Article 1 have been achieved, the efficiency of the use of the resources and the Union added value. It shall consider the continued relevance of all objectives and actions set out in Article 6 in light of the impact on greenhouse gas emissions from the emission trading system for buildings and road transport pursuant to Chapter IVa of Directive 2003/87/EC and from the national measures taken to meet the binding annual greenhouse gas emission reductions by Member States pursuant to Regulation (EU) 2018/842 of the European Parliament and of the Council63 . It shall also consider the continued relevance of the financial envelope of the Fund in relation to possible developments concerning the auctioning of allowances under the emission trading system for buildings and road transport pursuant to Chapter IVa of Directive 2003/87/EC and other relevant considerations. _________________ 63Regulation (EU) 2018/842 of the European Parliament and of the Council of 30 May 2018 on binding annual greenhouse gas emission reductions by Member States from 2021 to 2030 contributing to climate action to meet commitments under the Paris Agreement and amending Regulation (EU) No 525/2013 (OJ L 156, 19.6.2018, p. 26-42).