Activities of Françoise GROSSETÊTE related to 2014/0011(COD)
Plenary speeches (2)
Market stability reserve for the Union greenhouse gas emission trading scheme (A8-0029/2015 - Ivo Belet) FR
Market stability reserve for the Union greenhouse gas emission trading scheme (debate) FR
Amendments (20)
Amendment 19 #
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 120% 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 4500 million. __________________ 7 8COM(2012)652 final. COM(2012)652. 8 Insert reference. Insert reference.
Amendment 32 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) The European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions after 2020, stating that "the most efficient installations in the sectors at risk of losing international competitiveness should not face undue carbon costs leading to carbon leakage" and that "future allocations will ensure better alignment with changing production levels in different sectors" and "at the same time, incentives for industry to innovate will be fully preserved and administrative complexity will not be increased." The conclusions further underline that both direct and indirect costs for the respective industry sectors will be taken into account as well as the need for affordable energy prices. It is of paramount importance that the Commission reviews the functioning of Directive 2003/87/EC in that respect.
Amendment 43 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) As the European Council conclusions of 23 and 24 October 2014 confirm, Member States have agreed that EU ETS "existing measures will continue after 2020 to prevent the risk of carbon leakage due to climate policy". The Commission should ensure that the functioning of the market stability reserve does not work against measures to prevent the risk of carbon leakage from industrial sectors exposed to the risk of carbon leakage.
Amendment 54 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) In line with the European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework, and given the considerable efforts necessary to combat climate change and to adapt to its inevitable effects, and also given both the direct and indirect costs that the ETS entails for companies, it is appropriate that the entirety of the revenues generated from the auctioning of allowances be used primarily to compensate for indirect costs passed on in electricity prices as well as to reduce greenhouse gas emissions.
Amendment 63 #
Proposal for a decision
Recital 3 b (new)
Recital 3 b (new)
(3b) Certain installations which have been determined to be exposed to a significant risk of carbon leakage for costs related to greenhouse gas emissions passed on in electricity prices should be compensated through harmonised financial measures, including measures relating to the use of the revenues generated from the auctioning of allowances.
Amendment 76 #
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 120% 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 80 #
Proposal for a decision
Recital 5
Recital 5
(5) Articles 10 and 13(2) of Directive 2003/87/EC should therefore be amended accordingly,
Amendment 115 #
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, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with 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, 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 118 #
Proposal for a decision
Article 3 – paragraph 1
Article 3 – paragraph 1
Amendment 127 #
Proposal for a decision
Article 1 – paragraph 3
Article 1 – paragraph 3
3. In each year beginning in 2021, if the total number of allowances in circulation is higher than 1300 MtCO2, a number of allowances equal to 1233% of the difference between the total number of allowances in circulation in year x-21 and the lower threshold of 800 Mt, 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 141 #
Proposal for a decision
Article 1 – paragraph 4
Article 1 – paragraph 4
4. In any year, if the total number of allowances in circulation is lower than 4800 million, 100 million allowancesallowances corresponding to 33% of the difference between the total number of allowances in circulation in year x-1 and the higher threshold of 1300 Mt shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.
Amendment 145 #
Proposal for a decision
Article 1 – paragraph 5
Article 1 – paragraph 5
Amendment 152 #
Proposal for a decision
Article 1 – paragraph 5 a (new)
Article 1 – paragraph 5 a (new)
5a. To allow action pursuant to paragraphs 3 and 4, Commission Regulation (EC) No 1031/20101a shall be amended adequately in order to adapt the auctioning calendar taking into account the need for the market stability reserve to function. ______________ 1a Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community (OJ L 302, 18.11.2010, p. 1).
Amendment 154 #
Proposal for a decision
Article 1 – paragraph 6 a (new)
Article 1 – paragraph 6 a (new)
Amendment 180 #
Proposal for a decision
Article 2 – paragraph 1 – point 3 b (new)
Article 2 – paragraph 1 – point 3 b (new)
Amendment 183 #
Proposal for a decision
Article 2 – paragraph 1 – point 3 e (new)
Article 2 – paragraph 1 – point 3 e (new)
Directive 2003/87/EC
Article 10 – paragraph 3 – subparagraph 2
Article 10 – paragraph 3 – subparagraph 2
3e. In Article 10(3), the second subparagraph is replaced by the following: "Member States shall be deemed to have fulfilled the provisions of this paragraph if they have in place and implement fiscal or financial support policies, including in particular in developing countries, or domestic regulatory policies, which leverage financial support, established for the purposes set out in the first subparagraph and which have a value equivalent to at least 50 % of thell 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)."
Amendment 187 #
Proposal for a decision
Article 2 – paragraph 1 – point 3 i (new)
Article 2 – paragraph 1 – point 3 i (new)
Directive 2003/87/EC
Article 10 a – paragraph 6 – subparagraph 1
Article 10 a – paragraph 6 – subparagraph 1
Amendment 197 #
Proposal for a decision
Article 2 a (new)
Article 2 a (new)
Article 2a Review of Directive 2003/87/EC Within six months of the entry into force of this Decision [insert number of this Decision when known] and no later than mid-2015, the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions and the need for continuation after 2020 of free allocations for direct costs for the most efficient installations, thereby better reflecting changing production levels. In that review, the Commission shall also take into account harmonised measures at the Union level for indirect carbon costs so as to avoid any distortions in the internal market. In accordance with the ordinary legislative procedure, the Commission shall submit a proposal to the European Parliament and the Council in this respect.
Amendment 204 #
Proposal for a decision
Article 3 – paragraph 1
Article 3 – paragraph 1
Amendment 228 #
Proposal for a decision
Article 5 – paragraph 1
Article 5 – paragraph 1
This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. Its application shall be simultaneous to the entry into force of the proposal for a Directive modifying the Directive 2003/87/EC (as amended in 2009) to implement the 2030 energy and climate framework.