14 Amendments of Bas EICKHOUT related to 2014/0011(COD)
Amendment 20 #
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 210127 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 12% of the number of allowances in circulation in year x-2 should be put into the reserve. A corresponding number of allowances should be released from the__________________ 7 COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert resferve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8ence.
Amendment 81 #
Proposal for a decision
Recital 5 a (new)
Recital 5 a (new)
(5a) The establishment of the market stability reserve applies only to the volume of allowances to be auctioned, and hence does not affect the allocation of free allowances to installations in sectors or subsectors which are exposed to a significant risk of carbon leakage. In order to prevent carbon leakage and to finance renewable and energy efficiency technologies in industrial sectors, the NER300 facility should be renewed and expanded in the context of a forthcoming review of Directive 2003/87/EC.
Amendment 85 #
Proposal for a decision
Article 1 – paragraph 1
Article 1 – paragraph 1
1. A market stability reserve is established, and shall operate from 1 Januaruly 20216.
Amendment 104 #
Proposal for a decision
Article 1 – paragraph 2
Article 1 – paragraph 2
2. The Commission shall publish the total number of allowances in circulation each year, by 15 May of the subsequent year. The total number of allowances in circulation for year x shall be the cumulative number of allowances issued in the period since 1 January 2008, including the number issued pursuant to Article 13(2) of Directive 2003/87/EC in that period and entitlements to use international credits exercised by installations under the EU emission trading system in respect of emissions up to 31 December of year x, minus the cumulative tonnes of verified emissions from installations under the EU emission trading system between 1 January 2008 and 31 December of year x, any allowances cancelled in accordance with Article 12(4) of Directive 2003/87/EC and the number of allowances in the reserve. No account shall be taken of emissions during the three-year period starting in 2005 and ending in 2007 and allowances issued in respect of those emissions. The first publication shall take place by 15 May 20176.
Amendment 116 #
Proposal for a decision
Article 1 – paragraph 3
Article 1 – paragraph 3
3. In each year beginning in 2021July 2016, a number of allowances equal to 125% 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 thise total number of allowances to be placed in the reserve would bein circulation is less than 1600 million.
Amendment 133 #
Proposal for a decision
Article 1 – paragraph 3 a (new)
Article 1 – paragraph 3 a (new)
3a. In the event the reserve has accumulated to one billion allowances, any additional allowances to be placed in the reserve shall be retired.
Amendment 135 #
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 4300 million, 10 and measures are adopted under Article 29a of Directive 2003/87/EC, 50 million allowances shall be released from the reserve. In case less than 1050 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.
Amendment 144 #
Proposal for a decision
Article 1 – paragraph 5
Article 1 – paragraph 5
Amendment 156 #
Proposal for a decision
Article 2 – paragraph 1 – point -1 a (new)
Article 2 – paragraph 1 – point -1 a (new)
Directive 2003/87/EC
Article 6 – paragraph 1 – subparagraph 3 a (new)
Article 6 – paragraph 1 – subparagraph 3 a (new)
-1a. In Article 6(1), the following subparagraph shall be added after the third subparagraph: "From 1 January 2016 the competent authority shall not issue greenhouse gas emissions permits to new electricity- generating installations with a capacity of 50 megawatts or more with emissions above 400 g CO2/kWh of electrical output."
Amendment 158 #
Proposal for a decision
Article 2 – paragraph 1 – point – 1 b (new)
Article 2 – paragraph 1 – point – 1 b (new)
Directive 2003/87/EC
Article 6 – paragraph 1 – subparagraph 3 b (new)
Article 6 – paragraph 1 – subparagraph 3 b (new)
-1b. In Article 6(1), the following subparagraph shall be added after the third subparagraph: "From 1 January 2021 the competent authority shall cancel greenhouse gas emissions permits of electricity-generating installations with a capacity of 50 megawatts or more with emissions above 400 g CO2/kWh of electrical output."
Amendment 159 #
Proposal for a decision
Article 2 – paragraph 1 – point – 1 c (new)
Article 2 – paragraph 1 – point – 1 c (new)
Directive 2003/87/EC
Article 9 – paragraph 3 a (new)
Article 9 – paragraph 3 a (new)
-1c. In Article 9, the following paragraph shall be inserted after the third paragraph: "In 2021 and in each subsequent year the linear reduction factor referred to in the first paragraph shall be 2,6%."
Amendment 170 #
Proposal for a decision
Article 2 – paragraph 1 – point 3
Article 2 – paragraph 1 – point 3
Directive 2003/87/EC
Article 10 – paragraph 1 a
Article 10 – paragraph 1 a
1a. Where the total volume of allowances to be auctioned by Member States inissued in each of the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected average auction volume for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], two-thirds of the difference between the volumes shall be deducted from auction volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member States in the first two years of the following period.the annual volume implied by the linear reduction factor in Article 9 the difference shall be deducted from auction and retired
Amendment 188 #
Proposal for a decision
Article 2 – paragraph 1 – point 4
Article 2 – paragraph 1 – point 4
Directive 2003/87/EC
Article 13 – paragraph 2 – subparagraph 2
Article 13 – paragraph 2 – subparagraph 2
Amendment 203 #
Proposal for a decision
Article 3 – paragraph 1
Article 3 – paragraph 1
By 31 December 20261, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).