9 Amendments of Linda McAVAN related to 2012/0202(COD)
Amendment 24 #
Proposal for a decision
Title
Title
Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances and amending Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading within the Community
Amendment 29 #
(1) Article 10(4) of Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC1 does not specify how volumes of greenhouse gas emission allowances to be auctioned are to be distributed over the trading periods. ____________ 1 OJ L 275, 25.10.2003, p. 32.
Amendment 31 #
Proposal for a decision
Recital 1 a (new)
Recital 1 a (new)
(1a) By the end of 2011, a surplus of 955 million allowances had accumulated. That surplus is set to grow if no structural measures concerning the EU Emissions Trading System (ETS) are undertaken.
Amendment 34 #
Proposal for a decision
Recital 1 b (new)
Recital 1 b (new)
(1b) Such a significant surplus of allowances is leading to a lower carbon price, compared to that originally envisaged, reducing incentives to invest in low carbon technologies and increasing the risk of lock in to carbon intensive infrastructure.
Amendment 35 #
Proposal for a decision
Recital 1 c (new)
Recital 1 c (new)
(1c) In November 2012 and in accordance with Directive 2003/87/EC, the Commission presented to the European Parliament and to the Council a report on the functioning of the carbon market. The report found that the EU ETS is delivering emission reductions, but that the latter's ability to drive cost-effective decarbonisation was put into question because of the large and growing supply- demand imbalance in the market. The report further identified a number of options for structural measures that should be envisaged in order to tackle that imbalance.
Amendment 45 #
Proposal for a decision
Recital 2
Recital 2
(2) For the purposes of legal certainty and market predictability, it should be clarified that, in order to ensure an orderly functioning of the market, the Commission is able in exceptional circumstances to adapt the auction timetable pursuant to Article 10(4) of Directive 2003/87/EC.
Amendment 50 #
Proposal for a decision
Recital 2 a (new)
Recital 2 a (new)
Amendment 70 #
Proposal for a decision
Article 1 – paragraph 1
Article 1 – paragraph 1
Directive 2003/87/EC
Article 10 – paragraph 4 – subparagraph 1
Article 10 – paragraph 4 – subparagraph 1
The Commission shall, where appropriatemay, in exceptional circumstances, adapt the timetable for each period so as to ensure an orderly functioning of the market. In the period referred to in Article 13(1), the Commission shall make no more than one such adaptation.
Amendment 74 #
Proposal for a decision
Article 1 a (new)
Article 1 a (new)
Article 1a This Decision shall enter into force on the date of its adoption.