Activities of Sabine WILS related to 2012/0202(COD)
Shadow reports (1)
REPORT 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 PDF (184 KB) DOC (192 KB)
Amendments (13)
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 25 #
Proposal for a decision
Recital 3 a (new)
Recital 3 a (new)
(3a) In order to be consistent with a cost- effective trajectory towards the European Council objective to achieve 80-95% greenhouse gas reductions by 2050, it is necessary to adjust the linear factor provided for in Directive 2003/87/EC.
Amendment 28 #
Proposal for a decision
Recital 3 b (new)
Recital 3 b (new)
(3b) In light of the need to maintain the incentives of the system and to make it more effective, and to restore the level of ambition envisaged at the time of the adoption of the climate package, it is necessary to permanently retire an amount of 1,4 billion allowances from the auctions foreseen for years 2015, 2016 and 2017.
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 30 #
Proposal for a decision
Article 1 – paragraph - 1(new)
Article 1 – paragraph - 1(new)
Directive 2003/87/EC
Article 9 – paragraph 2 a (new)
Article 9 – paragraph 2 a (new)
-1. In Article 9, the following paragraph is inserted: "From 2014 onwards the linear reduction factor shall be 3.9 %."
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 32 #
Proposal for a decision
Article 1 – paragraph - 1a (new)
Article 1 – paragraph - 1a (new)
Directive 2003/87/EC
Article 10 – paragraph 2 a (new)
Article 10 – paragraph 2 a (new)
-1a. In Article 10, the following paragraph is inserted: "2a. As a one-off derogation from paragraph 1, a total of 1.4 billion allowances shall be permanently retired from the amount of allowances to be auctioned for years 2015, 2016, 2017 subject to paragraph 2(b)."
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.