Activities of Romana JORDAN related to 2012/0202(COD)
Plenary speeches (2)
Timing of auctions of greenhouse gas allowances (debate)
Timing of auctions of greenhouse gas allowances (debate)
Shadow opinions (1)
OPINION on the 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
Amendments (16)
Amendment 6 #
Proposal for a decision
Recital 1
Recital 1
(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/EC3 does not specify how volumes of greenhouse gas emission allowances to be auctioned are to be distributed over the trading period whereas Article 9 of that Directive requires that the quantity of allowances should decrease by a linear factor of 1,74 % compared to the average annual total quantity of allowances issued by Member States.
Amendment 13 #
Proposal for a decision
Recital 1
Recital 1
(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/EC does not specify how volumes of greenhouse gas emission allowances to be auctioned are to be distributed over the trading period. Article 9 of Directive 2003/87/EC provides that the quantity of allowances is to decrease by a linear factor of 1,74 % compared to the average annual total quantity of allowances issued by Member States;
Amendment 15 #
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 provided that such intervention can be justified by an impact assessment showing that the Union is at risk of not reaching a reduction of emissions in 2020 in the Community scheme of 21 % below reported 2005 levels and that the intervention does not have a significant carbon leakage impact. The Commission should be able to make no more than one such adaptation and only during the eight-year period beginning on 1 January 2013.
Amendment 18 #
Proposal for a decision
Recital 2 a (new)
Recital 2 a (new)
(2a) If the Commission decides to temporarily withhold a certain number of allowances, it should ensure that these allowances will be reintroduced in the market in a linear manner starting from the year following the date of the respective market intervention.
Amendment 19 #
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 provided that such intervention can be justified by an impact assessment showing that the Union is at risk of not reaching a reduction of emissions in 2020 in the Union scheme of 21 % below reported 2005 emission levels and that the intervention does not have a significant carbon leakage impact. The Commission should be able to make no more than one such adaptation and only during the eight-year period beginning on 1 January 2013.
Amendment 20 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
Amendment 21 #
Proposal for a decision
–
–
The European Parliament rejects the Commission proposal.
Amendment 21 #
Proposal for a decision
Recital 2 a (new)
Recital 2 a (new)
(2a) If the Commission decides to temporarily withhold a certain number of allowances it should ensure that these allowances will be reintroduced in the market in a linear manner starting from the year following the date of the respective market intervention.
Amendment 24 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) In addition to this amendment of Directive 2003/87/EC the Commission should include in the next revision of the Emission Trading Scheme proposals for implementing a more dynamic approach for the allocation of allowances. That approach should be based on actual production factors rather than on historic reference periods, which have proven to make the ETS unable to properly adapt to economic upturns and downturns. While ensuring the required absolute reductions over the entire period, the allocation system should allow for ex-posts adjustments in order to avoid the need for further interventions by the Commission such as to mitigate over-allocation as well as unjustified shortages of allowances.
Amendment 25 #
Proposal for a decision
Article 1 – introductory part
Article 1 – introductory part
In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following sentence iss are added:
Amendment 26 #
Proposal for a decision
Article 1
Article 1
Directive 2003/87/EC
Article 10 – paragraph 4 – subparagraph 1
Article 10 – paragraph 4 – subparagraph 1
Amendment 33 #
Proposal for a decision
Article 1 – paragraph 1 – introductory part
Article 1 – paragraph 1 – introductory part
In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following sentence iss are added:
Amendment 35 #
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
Amendment 58 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) Before presenting proposals for structural measures to revise Directive 2003/87/EC, the Commission should - in addition to the measures as suggested in the 2012 carbon market report - consider further measures in order to ensure that the scheme remains a fully market-based system. Furthermore, the Commission should propose the mandatory earmarking of auctioning revenues for innovative environmentally friendly technologies; the list of sectors and subsectors affected by a risk of carbon leakage should not be adapted in order to ensure the highest possible certainty for industry.
Amendment 59 #
(3b) The current low carbon price is due, inter alia, to a large variety of national support schemes for Renewable Energy Sources which are the consequence of the Renewable Energy Directive. In order to increase the effectiveness of the EU ETS in the long-term and to ensure regulatory stability, the Commission should present by the end of 2013 structures for a better integrated system to promote RES at EU- level after 2020. The Commission should also explore possibilities to establish a dedicated reserve (based on the NER 300) for the support of innovative sustainable energy technologies.
Amendment 64 #
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
In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following sentence is added: "Tis added: "Where an assessment shows for the individual industrial sectors that no significant impact on installations exposed to a significant risk of carbon leakage is to be expected or subject to EU policy measures being proposed with a view to compensating the potential increase of indirect costs, the Commission shallmay, where appropriate, adapt the timetable for each period so as to ensure an orderly functioning of the marketthe period referred to in Article 13(1) beginning on 1 January 2013 for a maximum number of 900 million allowances. Where the Commission proposes to withhold a number of allowances it shall ensure that such allowances are re-introduced in a linear manner starting the year following the date of withholding the allowances. The Commission shall make no more than one such adaptation until the year 2020."