BETA

5 Amendments of Pilar del CASTILLO VERA related to 2021/0202(COD)

Amendment 20 #
Proposal for a decision
Recital 13
(13) The review paid particular attention to the percentage figure for the determination ofAccording to the latest Commission report regarding the stability reserve, its functioning will lead to the situation that in 2022 the number of allowances to be placed in the reserve, as weill as to the numerical value of the threshold for the totalbe greater than the number of allowances in circulation andin the number of allowances to be released from the reservemarket.
2022/02/01
Committee: ITRE
Amendment 22 #
Proposal for a decision
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 thIn 2019, before the start of the pandemic, the price of allowances was approximately EUR 25 per tonne. During 2021 these prices have reiserve each year after 2023 is insufficientn sharply and exceeded EUR 80 per tonne. This evolution does not seem to prevent a significant increase of theflect a surplus of allowances inand the EU ETS. Therefore, after 2023 the percentage figure should continue to be 24 %, and the minimum number of allowanse prices are having very negative consequences on the industrial fabric of the EU, which must also faces to be placed in the reserve should also continue to be 200 millionhe rise in international natural gas prices.
2022/02/01
Committee: ITRE
Amendment 27 #
Proposal for a decision
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 harmfulpart of the surplus of allowances in the EU ETS may disturbreserve could contribute to providing greater market stability. In addition, theA rate of 24 % after 2023 shcould be established separately fromtaking into account the results of the general 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.
2022/02/01
Committee: ITRE
Amendment 31 #
Proposal for a decision
Article 1 – paragraph 1 – introductory part
In Article 1(5), first subparagraph,3 of Decision (EU) 2015/1814, the last sentence is replaced by the followingfollowing text is added:
2022/02/01
Committee: ITRE
Amendment 32 #
Proposal for a decision
Article 1 – paragraph 1
Decision (EU) 2015/1814
Article 1 – paragraph 5 – subparagraph 1a
By way of derogation from the first and second sentences, until 31 December 2030, the percentages and the 100 mill"Six months after the approval of the revision of Directive 2003/87/EC the Commission may propose a revision of this decision to modify the percentages of article 1, paragraph 5, first paragraph. For this review, the Commission shall analyse the foreseeable operation of the European carbon market and a projection of the operation of the reserve based on the new parameters of Directive 2003/87/EC. The Commission shallowances referred to in those sentences shall be doubled evaluate the effects of the reserve on economic growth, employment, industrial competitiveness of the Union and the risk of carbon leakage, including the new Border Adjustment Mechanism".
2022/02/01
Committee: ITRE