2 Amendments of Cornelia ERNST related to 2021/0202(COD)
Amendment 14 #
Proposal for a decision
Recital 5
Recital 5
(5) The Union committed to reduce the Union’s economy-wide net greenhouse gas emissions by at least 55 % by 2030 below 1990 levels in the updated nationally determined contribution submitted to the UNFCCC Secretariat on 17 December 202028 . , remaining below the science- based target of the Paris Agreement of at least 65% of reduction necessary in order to limit global warming to 1.5°C degrees. _________________ 28 https://www4.unfccc.int/sites/ndcstaging/P ublishedDocuments/European %20Union %20First/EU_NDC_Submission_Decembe r %202020.pdf
Amendment 16 #
Proposal for a decision
Recital 8
Recital 8
(8) In order to address the structural imbalance between supply and demand of allowances in the market, Decision (EU) 2015/1814 of the European Parliament and of the Council31 established a market stability reserve (the ‘reserve’) in 2018, which has been operational since 2019, highlighting the structural imbalance of the ETS system and its inability to ensure sufficient emission reductions. _________________ 31 Decision (EU) 2015/1814 of the European Parliament and of the Council of 6 October 2015 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and amending Directive 2003/87/EC (OJ L 264, 9.10.2015, p. 1).