4 Amendments of Dolors MONTSERRAT related to 2021/0202(COD)
Amendment 47 #
Proposal for a decision
Recital 13
Recital 13
(13) The review paid particular attention to the percentage figure for the determination of the number of allowances to be placed in the reserve, as well as to the numerical value of the threshold for the total number of allowances in circulation and the number of allowances to be released from the reserveAccording to the Commission’s latest report on the market stability reserve, by 2022, operation of the reserve will cause there to be more allowances in the reserve than are circulating in the market.
Amendment 49 #
Proposal for a decision
Recital 14
Recital 14
(14) The analysis carried out in the context of the reserve’s review and the expected developments relevant to the carbon market demonstrate that a rate of 12 % of the total number of allowances in circulation to be placed in the reserve each year after 2023 is insufficient to prevent a significant increase of the surplus of allowances in the EU ETS. Therefore, after 2023 the percentage figure should continue to be 24 %, and the minimum number of allowances to be placed in In 2019, before the pandemic, the price of emission allowances stood at around EUR 25 per tonne. During 2021, these prices leapt from around EUR 30 to well over EUR 80. This trend does not appear to reflect a surplus of allowances, quite the contrary. These prices are severely harming the EU’s industrial fabric, which is also having to cope withe reserve should also continue to be 200 millionising international natural gas prices.
Amendment 65 #
Proposal for a decision
Recital 15
Recital 15
(15) If the rate of the total number of allowances in circulation to be placed in the reserve each year reverts to 12 % after 2023, a potentially harmful surplus of allowances in the EU ETS may disturbshare of the allowances in the reserve can contribute to greater market stability. In addition, theA rate of 24 % after 2023 shcould be established separately from the general, taking into account the results of the review of Directive 2003/87/EC and Decision (EU) 2015/1814 to strengthen the EU Emissions Trading System in line with the Union’s increased climate ambition for 2030 to ensure market predictability.
Amendment 79 #
Proposal for a decision
Article 1 – paragraph 1
Article 1 – paragraph 1
Decision (EU) 2015/1814
Article 1 – paragraph 5 – subparagraph 1
Article 1 – paragraph 5 – subparagraph 1
In Article 1(5), first subparagraph, of Decision (EU) 2015/1814, the last sentence is replaced by the following: ‘By way of derogation from the first and second sentences, 3 of Regulation (EU) 2015/1814, the following is added: ‘Six months after the adoption of the revision to Directive 2003/87/EC, the Commission may propose a revision of this Decision to amend the rates set out in the first subparagraph of Article 1(5). To that end, the Commission shall analyse the expected functil 31 December 2030, the percentages and thoning of the European carbon market and a projection of the functioning of the reserve based on the new parameters for Directive 1200 mill3/87/EC. The Commission shallowances analyse the refserred to in those sentve’s effects on growth, employment, the Union’s industrial competitivences shall be doubleds and the risk of carbon leakage, including a new carbon border adjustment mechanism.’