Activities of Esko SEPPÄNEN related to 2008/0013(COD)
Plenary speeches (1)
Greenhouse gas emission allowance trading system (debate)
Amendments (8)
Amendment 47 #
Proposal for a directive – amending act
Recital 3 a (new)
Recital 3 a (new)
(3a) Since the price of emission rights is added to the price of emission-free electricity, the EU ETS markedly increases the price of all electricity. Moreover, the cost of CO2 emissions is passed on to European industries through the price of energy.
Amendment 48 #
Proposal for a directive – amending act
Recital 3 b (new)
Recital 3 b (new)
(3b) Due to the wholesale pricing system of electricity this Directive will be a new start for investments in zero-emission nuclear installations.
Amendment 49 #
Proposal for a directive – amending act
Recital 3 c (new)
Recital 3 c (new)
(3c) In order to avoid financial abuse, the EU ETS needs to be free from securisation of the emission allowances in the financial markets. Otherwise, speculation will cause huge problems in the pricing of the allowances and electricity.
Amendment 147 #
Proposal for a directive – amending act
Article 1 – point 2 – point c
Article 1 – point 2 – point c
Directive 2003/87/EC
Article 3 – point t
Article 3 – point t
[(t)] 'Combustion installation' means any stationary technical unit in which fuels are oxidised producing heat or mechanical energy or both, and other directly associated activities including waste gas scrubbing are carried out, excluding recycling/reclamation of metal and metal compounds;
Amendment 165 #
Proposal for a directive – amending act
Article 1 – point 6 a (new)
Article 1 – point 6 a (new)
Directive 2003/87/EC
Article 9a a (new)
Article 9a a (new)
(6a) The following article shall be inserted: "Article 9aa Adjustment of Community-wide electricity price formation in the harmonised market The Commission shall publish fair rules for the wholesale pricing system in the liberalised and harmonised electricity market to prevent windfall profits for nuclear and hydro power producers and speculative profits for financial players due to the securitisation of the allowances."
Amendment 198 #
Proposal for a directive – amending act
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10 – paragraph 5 a (new)
Article 10 – paragraph 5 a (new)
5a. The Commission shall, by 31 December 2008, publish a clear definition of emission allowances, which shall exclude the possibility for their securitisation in the financial markets and, in auctioning, give a privileged position to bidders who will use them for power generation or the production of industrial goods.
Amendment 284 #
Proposal for a directive – amending act
Article 1 – point 8
Article 1 – point 8
Directive 2003/87/EC
Article 10a – paragraph 7
Article 10a – paragraph 7
7. Subject to Article 10b, the amount of allowances allocated free of charge under paragraphs 3 to 6 of this Article [and paragraph 2 of Article 3c] in 2013 shall be 80% of the quantity determFor the installations listed in Annex 2aa, Community-wide performance benchmarks will be defined in accordance with the measures referred to in paragraph 1 and thereafter the free allocation shall decrease each year by equal amounts resulting in no free ing to a harmonised procedure. The allocation of free allowances to these installocation in 2020s will be based upon these benchmarks.
Amendment 288 #
Proposal for a directive – amending act
Article 1 – point 8
Article 1 – point 8
Directive 2003/87/EC
Article 10a – paragraphs 8 and 9
Article 10a – paragraphs 8 and 9
8. In 2013 and in each subsequent year up to 2020, installations in sectors which are exposed to a significant risk of carbon leakagethe entry into force of an international agreement containing comparable measures as defined in article 28, installations in sectors in Annex 2aa shall be allocated 100% of allowances free of charge up to 100 percent of the quantity determined in accordance with paragraphs 2 to 6. 9. At the latest by 30 June 2010 and eEvery 35 years thereafter the Commission shall determine the sectors referred to in paragraph 8. That measure, designed to amend non- essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article [23(3)]. In the determination referred to in the first subparagraph the Commission shall take into account the extent to which it is possible for the sector or sub-sector concerned to pasreview free allowances for Annex 2aa sectors in the light of the criteria specified in Article 28. Any binding sectoral agreements which lead to global emissions reductions onf the cost of thmagnitude required allowances in product prices without significant loss of market share to less carbon efficient installations outside the Community, taking into account the following: (a) the extent to which auctioning would lead to a substantial increase in production cost; (b) the extent to which it is possible for individual installations in the sector concerned to reduce emission levels for instance on the basis of the most efficient techniques; (c) market structure, relevant geographic and product market, the exposure of the sectors to international competition; (d) the effect of climate change and energy policies implemented, or expected to be implemented outside the EU in the sectors concerned. For the purposes of evaluating whether the cost increase resulting from the Community scheme can be passed on, estimates of lost sales resulting from the increased carbon price or the impact on the profitability of the installations concerned may inter alia be usedto effectively address climate change, and which are monitorable, verifiable and subject to mandatory enforcement arrangements shall also be taken into account when reviewing what measures are appropriate for Annex 2aa sectors.