Progress: Procedure completed
Role | Committee | Rapporteur | Shadows |
---|---|---|---|
Lead | ENVI | GROOTE Matthias ( S&D) | KORHOLA Eija-Riitta ( PPE), DAVIES Chris ( ALDE), EICKHOUT Bas ( Verts/ALE), CALLANAN Martin ( ECR), CYMAŃSKI Tadeusz ( EFD) |
Committee Opinion | ITRE | SARTORI Amalia ( PPE) |
Lead committee dossier:
Legal Basis:
TFEU 192-p1
Legal Basis:
TFEU 192-p1Subjects
Events
PURPOSE: to clarify the provisions of Directive 2003/87/EC on the timing of auctions of greenhouse gas allowances.
LEGISLATIVE ACT: Decision No 1359/2013/EU of the European Parliament and of the Council amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances.
CONTENT: Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowance trading within the Community does not specify how volumes of greenhouse gas emission allowances to be auctioned are to be distributed over the trading period.
For the purposes of legal certainty and market predictability , this Decision intends to clarify that, in order to ensure the orderly functioning of the market, the Commission is able in exceptional circumstances to adapt the auction timetable.
This Decision amends Directive 2003/87/EC of the European Parliament and the Council so that where an assessment shows for the individual industrial sectors that no significant impact on sectors or subsectors exposed to a significant risk of carbon leakage is to be expected, the Commission may, in exceptional circumstances, adapt the timetable for the period beginning on 1 January 2013 so as to ensure the orderly functioning of the market .
The Commission should make no more than one such adaptation for a maximum number of 900 million allowances.
The European Parliament adopted by 385 votes to 284, with 24 abstentions, a legislative resolution 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.
The matter was referred back to the committee responsible at its 3 July 2013 plenary session.
Parliament adopted its position at first reading following the ordinary legislative procedure. The amendment to the Commission proposal adopted in plenary is the result of a compromise negotiated between the European Parliament and the Council.
The amendment stipulated that where an assessment shows for the individual industrial sectors that no significant impact on sectors or subsectors exposed to a significant risk of carbon leakage is to be expected, the Commission may, in exceptional circumstances, adapt the timetable for the period beginning on 1 January 2013 so as to ensure the orderly functioning of the market. The Commission shall make no more than one such adaptation for a maximum number of 900 million allowances.
The European Parliament adopted by 344 votes to 311, with 46 abstentions, an amendment to 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.
The matter was referred back to the committee responsible . The vote was therefore postponed.
The proposal sought to stipulate that the Commission would be adapt, if necessary, the timing of auctions of greenhouse gas allowances in order to ensure an orderly functioning of the market.
The amendment adopted by Parliament states that where an assessment shows for the individual industrial sectors that no significant impact on sectors or subsectors exposed to a significant risk of carbon leakage is to be expected, the Commission may, in exceptional circumstances, adapt the timetable for the period beginning on 1 January 2013 so as to ensure an orderly functioning of the market. The Commission shall make no more than one such adaptation for a maximum number of 900 million allowances .
The European Parliament rejected by 334 votes to 315, with 63 abstentions, 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.
The matter is therefore referred back for re-examination by the committee responsible .
The proposal sought to stipulate, for reasons of legal certainty, that the Commission would be empowered to adapt the timing of auctions of greenhouse gas allowances laid down in Regulation (EU) 1031/2010 in order to ensure an orderly functioning of the market.
The Committee on the Environment, Public Health and Food Safety adopted the report by Matthias GROOTE (S&D, DE) 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.
The committee recommends that the European Parliament’s position, adopted at first reading following the ordinary legislative procedures, should be to amend the Commission proposal as follows:
Auction timetables : 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 impact on sectors exposed to a significant risk of carbon leakage is limited. 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 .
A new recital stipulates that adapting the auction timetable should be considered to be a short-term action, rather than a structural measure intended to address market imbalances of the EU ETS, and should not undermine the stability and predictability of the EU ETS.
Guidelines on certain state aids : in the light of potentially higher prices for certificates, the guidelines on certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2012 and the criteria laid down in Directive 2003/87/EC (direct emission costs) should be considered for a revision taking into account the risk of carbon leakage and distortion of competition between sectors.
PURPOSE: to amend Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances.
PROPOSED ACT: Decision of the European Parliament and of the Council.
BACKGROUND: Directive 2003/87/EC 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.
One of the features of the change from the phase 2 (period from 2008 to 2012) into phase 3 (period from 2013 to 2020) and the implementation provisions adopted so far is that the supply of allowances and international credits is expected to temporarily increase significantly in the short term. This exacerbates the already significant, unforeseen impact of the macro-economic developments, due to which emissions have decreased considerably and are not expected to increase significantly in 2012 and 2013. This combination of increased net supply and reduced demand increasingly affects the orderly functioning of the European carbon market in the transition to phase 3.
In the light of such exceptional circumstances, the Commission is currently reviewing the need for a further change of the auctioning timetable and will invite experts in the Climate Change Committee to consider a draft for a future amendment to Commission Regulation (EU) No 1031/2010 and indicate their view on the appropriate action to be taken before the end of this year. The Commission also invites any other interested stakeholders to express their views on this draft and will actively engage with them in this regard.
Meanwhile, the legislative process to clarify the scope of the Commission's powers by means of the present proposal should proceed swiftly and independently of the result of consultations with the Climate Change Committee.
Finally, the Commission reaffirms its commitment, as stated in the context of the agreement on the Energy Efficiency Directive, to urgently examine and present options for action with a view to adopting further appropriate structural measures to strengthen the ETS during phase 3, and make it more effective.
IMPACT ASSESSMENT: no impact assessment was undertaken.
LEGAL BASIS: Article 192(1) of the Treaty on the Functioning of the European Union (TFEU).
CONTENT: for the purposes of legal certainty, it should be clarified that, in order to ensure an orderly functioning of the market, the Commission is able to adapt the auction timetable laid down in Commission Regulation (EU) No 1031/2010. The proposed amendment would expressly provide such clarification in the relevant provision of the EU ETS Directive.
BUDGETARY IMPACT: this measure does not have any impact on the Union’s budget.
PURPOSE: to amend Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances.
PROPOSED ACT: Decision of the European Parliament and of the Council.
BACKGROUND: Directive 2003/87/EC 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.
One of the features of the change from the phase 2 (period from 2008 to 2012) into phase 3 (period from 2013 to 2020) and the implementation provisions adopted so far is that the supply of allowances and international credits is expected to temporarily increase significantly in the short term. This exacerbates the already significant, unforeseen impact of the macro-economic developments, due to which emissions have decreased considerably and are not expected to increase significantly in 2012 and 2013. This combination of increased net supply and reduced demand increasingly affects the orderly functioning of the European carbon market in the transition to phase 3.
In the light of such exceptional circumstances, the Commission is currently reviewing the need for a further change of the auctioning timetable and will invite experts in the Climate Change Committee to consider a draft for a future amendment to Commission Regulation (EU) No 1031/2010 and indicate their view on the appropriate action to be taken before the end of this year. The Commission also invites any other interested stakeholders to express their views on this draft and will actively engage with them in this regard.
Meanwhile, the legislative process to clarify the scope of the Commission's powers by means of the present proposal should proceed swiftly and independently of the result of consultations with the Climate Change Committee.
Finally, the Commission reaffirms its commitment, as stated in the context of the agreement on the Energy Efficiency Directive, to urgently examine and present options for action with a view to adopting further appropriate structural measures to strengthen the ETS during phase 3, and make it more effective.
IMPACT ASSESSMENT: no impact assessment was undertaken.
LEGAL BASIS: Article 192(1) of the Treaty on the Functioning of the European Union (TFEU).
CONTENT: for the purposes of legal certainty, it should be clarified that, in order to ensure an orderly functioning of the market, the Commission is able to adapt the auction timetable laid down in Commission Regulation (EU) No 1031/2010. The proposed amendment would expressly provide such clarification in the relevant provision of the EU ETS Directive.
BUDGETARY IMPACT: this measure does not have any impact on the Union’s budget.
Documents
- Final act published in Official Journal: Decision 2013/1359
- Final act published in Official Journal: OJ L 343 19.12.2013, p. 0001
- Draft final act: 00114/2013/LEX
- Decision by Parliament, 1st reading: T7-0543/2013
- Decision by Parliament, 1st reading: T7-0310/2013
- Amendments tabled in committee: PE513.015
- Results of vote in Parliament: Results of vote in Parliament
- Debate in Parliament: Debate in Parliament
- Committee report tabled for plenary, 1st reading: A7-0046/2013
- Amendments tabled in committee: PE504.323
- Contribution: COM(2012)0416
- Committee opinion: PE500.626
- Amendments tabled in committee: PE502.103
- Committee draft report: PE498.154
- Economic and Social Committee: opinion, report: CES2155/2012
- Contribution: COM(2012)0416
- Contribution: COM(2012)0416
- Legislative proposal: EUR-Lex
- Legislative proposal: COM(2012)0416
- Legislative proposal published: COM(2012)0416
- Legislative proposal published: EUR-Lex
- Legislative proposal: EUR-Lex COM(2012)0416
- Economic and Social Committee: opinion, report: CES2155/2012
- Committee draft report: PE498.154
- Amendments tabled in committee: PE502.103
- Committee opinion: PE500.626
- Amendments tabled in committee: PE504.323
- Amendments tabled in committee: PE513.015
- Draft final act: 00114/2013/LEX
- Contribution: COM(2012)0416
- Contribution: COM(2012)0416
- Contribution: COM(2012)0416
Activities
- Matthias GROOTE
Plenary Speeches (4)
- Kriton ARSENIS
Plenary Speeches (3)
- Dan JØRGENSEN
Plenary Speeches (3)
- Elisabetta GARDINI
Plenary Speeches (2)
- Romana JORDAN
Plenary Speeches (2)
- Holger KRAHMER
Plenary Speeches (2)
- Carl SCHLYTER
Plenary Speeches (2)
- Richard SEEBER
Plenary Speeches (2)
- Theodoros SKYLAKAKIS
Plenary Speeches (2)
- Konrad SZYMAŃSKI
Plenary Speeches (2)
- Silvia-Adriana ȚICĂU
Plenary Speeches (2)
- Elena Oana ANTONESCU
Plenary Speeches (1)
- Bendt BENDTSEN
Plenary Speeches (1)
- Godfrey BLOOM
Plenary Speeches (1)
- Yves COCHET
Plenary Speeches (1)
- Tadeusz CYMAŃSKI
Plenary Speeches (1)
- Ioan ENCIU
Plenary Speeches (1)
- Adam GIEREK
Plenary Speeches (1)
- Françoise GROSSETÊTE
Plenary Speeches (1)
- Satu HASSI
Plenary Speeches (1)
- Edit HERCZOG
Plenary Speeches (1)
- Jolanta Emilia HIBNER
Plenary Speeches (1)
- Christa KLASS
Plenary Speeches (1)
- Lena KOLARSKA-BOBIŃSKA
Plenary Speeches (1)
- Eija-Riitta KORHOLA
Plenary Speeches (1)
- Jan KOZŁOWSKI
Plenary Speeches (1)
- Bogdan Kazimierz MARCINKIEWICZ
Plenary Speeches (1)
- Véronique MATHIEU HOUILLON
Plenary Speeches (1)
- Zofija MAZEJ KUKOVIČ
Plenary Speeches (1)
- Alajos MÉSZÁROS
Plenary Speeches (1)
- Andreas MÖLZER
Plenary Speeches (1)
- Rareș-Lucian NICULESCU
Plenary Speeches (1)
- Sławomir NITRAS
Plenary Speeches (1)
- Wojciech Michał OLEJNICZAK
Plenary Speeches (1)
- Siiri OVIIR
Plenary Speeches (1)
- Jaroslav PAŠKA
Plenary Speeches (1)
- Pavel POC
Plenary Speeches (1)
- Herbert REUL
Plenary Speeches (1)
- Oreste ROSSI
Plenary Speeches (1)
- Amalia SARTORI
Plenary Speeches (1)
- Martin SCHULZ
Plenary Speeches (1)
- Bogusław SONIK
Plenary Speeches (1)
- Francisco SOSA WAGNER
Plenary Speeches (1)
- Theodor Dumitru STOLOJAN
Plenary Speeches (1)
- Niki TZAVELA
Plenary Speeches (1)
- Vladimir URUTCHEV
Plenary Speeches (1)
- Zbigniew ZIOBRO
Plenary Speeches (1)
Votes
A7-0046/2013 - Matthias Groote - Am 22-25+27 (bloc) #
A7-0046/2013 - Matthias Groote - Am 21 #
A7-0046/2013 - Matthias Groote - Am 26 #
A7-0046/2013 - Matthias Groote - Am 28 #
A7-0046/2013 - Matthias Groote - Proposition modifiée #
Amendments | Dossier |
136 |
2012/0202(COD)
2012/12/20
ENVI
80 amendments...
Amendment 10 #
Proposal for a decision Title Amendment 10 #
Proposal for a decision Recital 1 c (new) (1c) The Commission's Communication "A Stronger European Industry for Growth and Economic Recovery" (COM(2012)582) recalls that "affordable and reliable access to energy and raw materials are becoming increasingly important as they account for a significant part of the cost in many industries" while "European industry is on the average facing higher prices than industries in other developed economies such as the US, Canada, Mexico and Korea, and this price gap has increased over the last decade" and the Communication therefore concludes that "the impact on the price of energy in Europe should be carefully considered when defining future energy policies".
Amendment 11 #
Proposal for a decision Citation 1 Having regard to the Treaty on the Functioning of the European Union, and in particular Article 192(
Amendment 11 #
Proposal for a decision Recital 2 (2) For the purposes of legal certainty and market predictability, it should be clarified that
Amendment 12 #
Proposal for a decision Recital 1 Amendment 12 #
Proposal for a decision Recital 2 (2) For the purposes of
Amendment 13 #
Proposal for a decision 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 13 #
Proposal for a decision 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
Amendment 14 #
Proposal for a decision Recital 1 a (new) (1a) In accordance with Article 2(b) of Council Decision 1999/468/EC, the regulatory procedure can only be used to change non-essential provisions of the basic legal act. In accordance with Article 9 of Directive 2003/87/EC the Commission determines the absolute Community-wide quantity of allowances on an annual basis. The Commission has no discretionary power with respect to the absolute amount of allowances. Article 10 of Directive 2003/87/EC provides for the auctioning of allowances on the basis of the absolute amount determined under the procedure provided for in Article 9 of Directive 2003/87/EC. The auctioning process is designed to amend non- essential elements of the directive. The Commission's proposal to amend Article 10, paragraph 4, subparagraph 1, last sentence of Directive 2003/87/EC – namely the determination of the appropriate corrections to the annual volumes of emission trading allowances to be auctioned in 2013 – 2020 – are in essence an intervention in the basic requirements laid down in Article 9 of Directive 2003/87/EC. Such interventions can only be determined in the ordinary legislative procedure and cannot be considered as a non-essential adjustment of the basic legal act. Hence such corrections cannot be decided through a comitology procedure (regulatory procedure with scrutiny) as proposed by the Commission; they require a legislative act by both the European Parliament and the Council upon a proposal from the Commission.
Amendment 14 #
Proposal for a decision 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 and prevent excessive price fluctuations, the Commission is able in exceptional circumstances to adapt the auction timetable pursuant to Article 10(4) of Directive 2003/87/EC.
Amendment 15 #
Proposal for a decision Recital 1 b (new) (1b) Recalling the aim of Directive 2003/87/EC, the European emission trading system was established in order to promote reductions of greenhouse gas emissions in a cost-effective and economically efficient manner.
Amendment 15 #
Proposal for a decision 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 16 #
Proposal for a decision Recital 1 c (new) (1c) The Commission Communication entitled "A Stronger European Industry for Growth and Economic Recovery" (COM(2012)0582) recalls that "affordable and reliable access to energy and raw materials are becoming increasingly important as they account for a significant part of the cost in many industries" while "European industry is on the average facing higher prices than industries in other developed economies such as the US, Canada, Mexico and Korea, and this price gap has increased over the last decade". That communication concludes that "the impact on the price of energy in Europe should be carefully considered when defining future energy policies".
Amendment 16 #
Proposal for a decision Recital 2 a (new) (2a) The Commission should by 31 April 2013, taking into account the underlying assumptions and circumstances at Member State level, present a cost- effective policy proposal for delivering the reductions in the Low-Carbon Economy Roadmap to 2050 for the period to 2030, including policy options changing the linear reduction pathway of the EU ETS up to 2030 and taking on board a consistent 2030 renewable energy target.
Amendment 17 #
Proposal for a decision Recital 2 Amendment 17 #
Proposal for a decision Recital 2 a (new) (2a) In addition to this Decision and given the need to maintain the effectiveness and investment incentives of the EU ETS, it is necessary to adopt without delay structural measures to reform the system in order to permanently withdraw an amount of 1,4 billion allowances from the auctions foreseen for years 2015, 2016 and 2017.
Amendment 18 #
Proposal for a decision 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
Amendment 18 #
Proposal for a decision 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 (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 19 #
Proposal for a decision Recital 2 a (new) (2a) The given emission reduction aims for 2020 will be reached at any price – even at 0 Euros per certificate – due to the limited number of allowances representing the overall cap of the EU ETS.
Amendment 20 #
Proposal for a decision Recital 2 (2) For the purposes of legal certainty and market predictability, it should be clarified
Amendment 20 #
Proposal for a decision Recital 3 a (new) Amendment 21 #
Proposal for a decision 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 21 #
Proposal for a decision 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 under Directive 2003/87/EC.
Amendment 22 #
Proposal for a decision Recital 2 a (new) (2a) The given emission reduction aims for 2020 will be reached at any price – even at EUR 0 per certificate – due to the limited number of allowances representing the overall cap of the emission trading system.
Amendment 22 #
Proposal for a decision Recital 3 b (new) (3b) In light of the need to maintain the incentives of the EU ETS, 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 withdraw an amount of 1,4 billion allowances from the auctions foreseen for years 2015, 2016 and 2017.
Amendment 23 #
Proposal for a decision Recital 3 Amendment 23 #
Proposal for a decision Article -1 (new) Directive 2003/87/EC Article 9 – paragraph 2 a (new) Article -1 In Article 9 of Directive 2003/87/EC the following paragraph is inserted after the second paragraph : "From 2014 onwards the linear reduction factor shall be 2.5%."
Amendment 24 #
Proposal for a decision 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 24 #
Proposal for a decision Article -1 a (new) 2003/87/EC Article 10 – paragraph 2 a (new) Article -1a In article 10 of Directive 2003/87/EC, the following paragraph is inserted: "2a. As a one-off derogation to paragraph 1, a total of 1,4 billion allowances shall be permanently withdrawn from the amount of allowances to be auctioned for years 2015, 2016, 2017 subject to point (b) of paragraph 2."
Amendment 25 #
Proposal for a decision 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 25 #
Proposal for a decision Article 1 – introductory part In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following sentence
Amendment 26 #
Proposal for a decision Recital 3 a (new) (3a) In the light of potentially higher prices for certificates the guidelines on certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2012 (SWD(2012) 130 final) (SWD(2012) 131 final) (indirect emissions) and the criteria laid down in Article 10 a (14-17) of Directive 2009/29/EC of the European Parliament and of the Council of 23 April 2009 (direct emissions) should be considered for a revision in the light of the risk of carbon leakage and distortion of competition between sectors.
Amendment 26 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 Amendment 27 #
Proposal for a decision Recital 3 a (new) 3a. In order to maintain an orderly functioning of the market, the Commission should, where appropriate, make a proposal for permanent structural solutions in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in the period 2013-2020, with the aim of the proposed act entering into force by June 2014.
Amendment 27 #
Proposal for a decision – amending act Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The
Amendment 28 #
Proposal for a decision 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 28 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission
Amendment 29 #
Proposal for a decision Article 1 Amendment 29 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission
Amendment 30 #
Proposal for a decision Article 1 – paragraph - 1(new) Directive 2003/87/EC 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 30 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission
Amendment 31 #
Proposal for a decision Article 1 – paragraph - 1 (new) Directive 2003/87/EC Article 9 – paragraph 2 a (new) -1. In Article 9, the following paragraph is inserted: "From 2014 onwards the linear reduction factor shall be 2.5%."
Amendment 31 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 "
Amendment 32 #
Proposal for a decision Article 1 – paragraph - 1a (new) Directive 2003/87/EC 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 32 #
Proposal for a decision Article 1 2003/87/CE Article 10 – paragraph 4 – subparagraph 1 "The Commission shall, where appropriate, submit to the European Parliament and the Council a proposal to adapt the timetable for each period so as to ensure an orderly functioning of the market."
Amendment 33 #
Proposal for a decision Article 1 – paragraph 1 – introductory part In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following sentence
Amendment 33 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 “The Commission shall
Amendment 34 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission shall
Amendment 34 #
Proposal for a decision Article 1 – paragraph 1 a (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraphs 1 a and 1 b (new) 1a. In Article 10(4), the following subparagraphs are inserted: "Any adaptation should be accompanied by the impact assessment on the Member States level of the above mentioned adaptation on the Member States auctioning revenues. Where the adaptation referred to in the first subparagraph leads to a decrease in any Member State in the auctioning revenues in 2013 and in each subsequent year up to 2020, the Commission shall propose compensatory measures minimizing the negative impact on Member States' revenues."
Amendment 35 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 Amendment 35 #
Proposal for a decision Article 1 – paragraph 1 b (new) Directive 2003/87/EC Article 10 – paragraph 4 subparagraph 1 c (new) 1b. In Article 10(4), the following subparagraph is inserted: "Any adaptation should apply only to Member States with full auctioning for the power sector and in no way affect the volume of allowances to be auctioned of the Member States opting to use transitional free allocation for the modernisation of the electricity generation in accordance with Article 10c."
Amendment 36 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission
Amendment 36 #
Proposal for a decision Article 1 – paragraph 1 c (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 d (new) 1c. In Article 10(4), the following subparagraph is inserted: "Any adaptation resulting in limiting the volume of allowances to be auctioned in 2013 or in any subsequent year up to 2020, shall not apply to Member States set out in Annex IIb."
Amendment 37 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 Amendment 37 #
Proposal for a decision Article 1 – paragraph 1 d (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 e (new) 1d. In Article 10(4), the following subparagraph is inserted: "Any adaptation resulting in limiting the volume of allowances to be auctioned in 2013 or in any subsequent year up to 2020, shall not apply to Member States set out in Annex IIa."
Amendment 38 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 Amendment 38 #
Proposal for a decision Article 1 – paragraph 1 e (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 f (new) 1e. In Article 10(4), the following subparagraph is inserted: "In order to ensure the predictability of the auctions, in particular as regards the estimated volumes of allowances in accordance with this paragraph any modification, including reduction of the volume or part of the volume of allowances to be auctioned require unanimity among all Member States."
Amendment 39 #
Proposal for a decision Article 1 – paragraph 1 a (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 a (new) 1a. In Article 10(4), the following subparagraph is inserted: "In order to ensure the predictability of the auctions, in particular as regards the estimated volumes of allowances in accordance to Article 10(4) any modification, including reduction of the volume or part of the volume of allowances to be auctioned requires unanimity among all Member States."
Amendment 39 #
Proposal for a decision Article 1 – paragraph 1 a (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 a (new) 1a. In Article 10(4), the following subparagraph is inserted: "In order to ensure the predictability of the auctions, in particular as regards the estimated volumes of allowances in accordance with this paragraph any modification, including reduction of the volume or part of the volume of allowances to be auctioned require unanimity among all Member States."
Amendment 4 #
Proposal for a decision Citation 1 Having regard to the Treaty on the Functioning of the European Union, and in particular Article 192(
Amendment 40 #
Proposal for a decision Article 1 – paragraph 1 b (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 b (new) 1b. In Article 10(4), the following subparagraph is inserted: "Any adaptation should be accompanied by an Impact Assessment on that adaptation's impact on Member States' auctioning revenues. Where the adaptation referred to in paragraph 1 leads to a decrease in any Member State in the auctioning revenues in 2013 and in each subsequent year up to 2020, the Commission shall propose compensatory measures minimizing the negative impact on Member States' auctioning revenues."
Amendment 40 #
Proposal for a decision Article 1 – paragraph 1 b (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 b (new) Amendment 41 #
Proposal for a decision Article 1 – paragraph 1 c (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 c (new) 1c. In Article 10(4), the following subparagraph is inserted: " Any adaptation resulting in limiting the volume of allowances to be auctioned in 2013 or in any subsequent year up to 2020, should not apply to the Member States set out in Annex IIA."
Amendment 41 #
Proposal for a decision Article 1 – paragraph 1 c (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 c (new) 1c. In Article 10(4), the following subparagraph is inserted: "Any adaptation resulting in limiting the volume of allowances to be auctioned in 2013 or in any subsequent year up to 2020, shall not apply to Member States set out in Annex IIa."
Amendment 42 #
Proposal for a decision Article 1 – paragraph 1 d (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 d (new) 1d. In Article 10(4), the following subparagraph is inserted: "Any adaptation resulting in limiting the volume of allowances to be auctioned in 2013 or in any subsequent year up to 2020, should not apply to the Member States set out in Annex IIb."
Amendment 42 #
Proposal for a decision Article 1 – paragraph 1 d (new) Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 d (new) 1d. In Article 10(4), the following subparagraph is inserted: "Any adaptation resulting in limiting the volume of allowances to be auctioned in 2013 or in any subsequent year up to 2020, shall not apply to Member States set out in Annex IIb."
Amendment 43 #
Proposal for a decision Article 1 a (new) Article 1a Paragraph 1 of Article 29a is replaced by the following: "1. If, for more than six consecutive months, the allowance price is less or more than three times the average price of allowances during the two preceding years on the European carbon market, the Commission shall immediately convene a meeting of the Committee established by Article 9 of Decision No 280/2004/EC."
Amendment 44 #
Proposal for a decision Article 1 b (new) Directive 2003/87/EC Article 29a – paragraph 2 – point a Article 1b Point (a) of Article 29a(2) is replaced by the following: "(a) a measure which allows Member States to delay or bring forward the auctioning of a part of the quantity to be auctioned;"
Amendment 45 #
Proposal for a decision Article 1 c (new) Directive 2003/87/EC Article 29a – paragraph 2 – point b a (new) Article 1c In Article 29a(2), the following point is added: "(ba) a measure which allows Member States to abandon the auctioning of a part of the quantity to be auctioned."
Amendment 5 #
Proposal for a decision 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
Amendment 6 #
Proposal for a decision 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
Amendment 7 #
Proposal for a decision Recital 1 a (new) (1a) Recital 13 of Directive 2009/29/EC specifies the purpose of the linear factor set out in Article 9 of Directive 2003/87/EC which is to ensure that the emissions trading system delivers gradual and predictable reductions of emissions over time and that the Community scheme contributes cost-effectively to achieving the commitment of the Community to an overall reduction in emissions of at least 20 % by 2020.
Amendment 8 #
Proposal for a decision Recital 1 a (new) (1a) In accordance with Article 2(2) of Council Decision 1999/468/EC of 28 June 1999, the regulatory procedure with scrutiny can only be used to amend non- essential elements of a basic instrument. In accordance with Article 9 of Directive 2003/87 the Commission determines the absolute Community-wide quantity of allowances on an annual basis. The Commission has no discretionary power with respect to the absolute amount of allowances and Article 10 of Directive 2003/87 provides for the auctioning of allowances on the basis of the absolute amount determined under the procedure provided for in Article 9 of that Directive. The auctioning process is designed to amend non-essential elements of Directive 2003/87/EC. The Commission's proposal to amend the first subparagraph of Article 10(4) of Directive 2003/87 – namely the determination of the appropriate corrections to the annual volumes of emission trading allowances to be auctioned in 2013 – 2020 – are in essence an intervention in the basic requirements laid down in Article 9 of Directive 2003/87. Such interventions can only be determined in the ordinary legislative procedure and cannot be considered as an amendment of non-essential elements of the basic instrument. Hence such corrections cannot be decided in a comitology procedure (regulatory procedure with scrutiny) as proposed by the Commission; they require a legislative act adopted by both the European Parliament and the Council upon a proposal from the Commission.
Amendment 9 #
Proposal for a decision Recital 1 b (new) (1b) According to Article 1 of Directive 2003/87/EC, the European emission trading system was established in order to promote reductions of greenhouse gas emissions in a cost-effective and economically efficient manner.
source: PE-502.103
2013/02/18
ENVI
2 amendments...
Amendment 1 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 – last sentence The Commission
Amendment 2 #
Proposal for a decision 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
source: PE-504.323
2013/06/14
ENVI
54 amendments...
Amendment 22 #
Proposal for a decision Title Amendment 23 #
Proposal for a decision Title DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
Amendment 24 #
Proposal for a decision Title Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
Amendment 25 #
Proposal for a decision Recital -1 a (new) (-1a) A reduction in carbon dioxide emissions is being achieved in the Union, in line with the targets set in the EU’s ‘climate and energy’ package, principally owing to the economic crisis that Europe has been suffering since 2008.
Amendment 26 #
Proposal for a decision Recital -1 a (new) (-1a) The Conclusions of the European Council of 22 May 2013 state that the EU's energy policy must ensure security of supply for households and companies at affordable and competitive prices and costs, in a safe and sustainable manner.
Amendment 27 #
Proposal for a decision Recital 1 Amendment 28 #
Proposal for a decision Recital 1 (1)
Amendment 29 #
(1)
Amendment 30 #
Proposal for a decision 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, as amended several times and most recently by Directive 2009/29/EC of 23 April 20091, does not specify how volumes of greenhouse gas emission allowances to be auctioned are to be distributed over the trading period. ____________ 1 OJ L 140, 5.6.2009, p. 63.
Amendment 31 #
Proposal for a decision 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 Recital 1 a (new) Amendment 33 #
Proposal for a decision Recital 1 a (new) (1a) Article 1 of Directive 2003/87/EC states that the purpose of the emissions trading scheme is to promote reductions of greenhouse gas emissions in a cost- effective and economically efficient manner.
Amendment 34 #
Proposal for a decision 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) (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 36 #
Proposal for a decision Recital 1 a (new) (1a) The EU ETS has, by itself, therefore proved that it is not working, and for this reason it should be discontinued at the end of the current trading cycle in 2020, bearing in mind also that it is precisely in 2020 that a new global UNFCCC agreement will enter into force.
Amendment 37 #
Proposal for a decision Recital 1 a (new) (1a) In accordance with Article 2(b) of Council Decision 1999/468/EC, the regulatory procedure can only be used to change non-essential provisions of the basic legal act. In accordance with Article 9 of Directive 2003/87/EC the Commission determines the absolute Community-wide quantity of allowances on an annual basis. The Commission has no discretionary power with respect to the absolute amount of allowances. Article 10 of Directive 2003/87/EC provides for the auctioning of allowances on the basis of the absolute amount determined under the procedure provided for in Article 9 of Directive 2003/87/EC. The auctioning process is designed to amend non- essential elements of Directive 2003/87/EC. The Commission's proposal to amend Article 10, paragraph 4, subparagraph 1, last sentence of Directive 2003/87/EC – namely the determination of the appropriate corrections to the annual volumes of emission trading allowances to be auctioned in 2013 – 2020 – are in essence an intervention in the basic requirements laid down in Article 9 of Directive 2003/87/EC. Such interventions can only be determined in the ordinary legislative procedure and cannot be considered as a non-essential adjustment of the basic legal act. Hence such corrections cannot be decided in a comitology process (regulatory procedure with scrutiny) as proposed by the Commission. They require a legislative act by both the European Parliament and the Council upon a proposal from the Commission.
Amendment 38 #
Proposal for a decision Recital 1 b (new) (1b) Recalling the aim set out in Article 1 of Directive 2003/87/EC the EU emissions trading system was established in order to promote reductions of greenhouse gas emissions in a cost-effective and economically efficient manner.
Amendment 39 #
Proposal for a decision Recital 1 c (new) (1c) The Commission Communication entitled "A Stronger European Industry for Growth and Economic Recovery"1 recalls that "affordable and reliable access to energy and raw materials are becoming increasingly important as they account for a significant part of the cost in many industries" while "European industry is on the average facing higher prices than industries in other developed economies such as the US, Canada, Mexico and Korea, and this price gap has increased over the last decade" and the Communication therefore concludes that "the impact on the price of energy in Europe should be carefully considered when defining future energy policies". ___________ 1 COM(2012)0582
Amendment 40 #
Proposal for a decision Recital 2 Amendment 41 #
Proposal for a decision Recital 2 Amendment 42 #
Proposal for a decision Recital 2 (2) For the purposes of legal certainty and market predictability, it should be clarified that, in order to ensure an orderly
Amendment 43 #
Proposal for a decision Recital 2 (2) For the purposes of legal certainty
Amendment 44 #
(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 impact on sectors exposed to a significant risk of carbon leakage is limited. 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. The transition to a low carbon economy represents a major challenge, in particular for energy intensive industry. For this reason active support for demonstration projects in low carbon technologies is needed. To this end the adjustment of the auctioning timetable represents an opportunity to initiate such support. Experience has already been collected in supporting low carbon technologies via the NER 300. Such support should be continued and further increased, also for breakthrough technologies, in the context of the climate and energy policy framework for 2030.
Amendment 45 #
Proposal for a decision 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
Amendment 46 #
Proposal for a decision Recital 2 a (new) (2a) Emission reductions under Directive 2003/87/EC are guaranteed by the cap on the supply of allowances which is set to fall at 1,74% per year, regardless of the carbon price.
Amendment 47 #
(2a) The given emission reduction aims for 2020 will be reached at any price – even at EUR 0 per certificate – due to the limited number of allowances representing the overall cap of the emissions trading system.
Amendment 48 #
Proposal for a decision Recital 2 a (new) (2a) The allowances subject to such an adaptation should be put in a strategic reserve to improve stability in the EU ETS and to support skills development and re- training of workers for the low-carbon transition. To this effect future structural measures adopted by the European Parliament and the Council should provide for their use as part of a reserve which should make the EU ETS able to better adapt to extreme imbalances between supply and demand based on objective and transparent criteria.
Amendment 49 #
Proposal for a decision Recital 2 a (new) (2a) Despite the carbon price being lower than originally envisaged, the Commission should be guided by the principle of regulatory continuity within a trading period and take into account the current economic circumstances when determining the list of sectors and subsectors deemed to be exposed to a significant risk of carbon leakage for the years 2015 to 2019.
Amendment 50 #
Proposal for a decision Recital 2 a (new) Amendment 51 #
Proposal for a decision Recital 2 a (new) (2a) In the interests of transparency, the Commission should be required to demonstrate to Parliament and the Council that exceptional circumstances obtain and that the criteria governing a possible further adaptation of the timetable for each period subsequent to that referred to in Article 13(1) of Directive 2003/87/EC have been met.
Amendment 52 #
Proposal for a decision Recital 2 b (new) (2b) The adaptation of the auction timetable should be regarded as a short- term rather than a structural measure intended to address market imbalances affecting the EU ETS.
Amendment 53 #
Proposal for a decision Recital 3 Amendment 54 #
Proposal for a decision Recital 3 (3) Directive 2003/87/EC should therefore be
Amendment 55 #
Proposal for a decision Recital 3 a (new) (3a) More generally, the climate change policy based on market mechanisms, as provided for in the Kyoto Protocol, has shown itself to be ineffective, especially when those mechanisms are not applied at global level, and to be non-transparent. The EU should therefore consider adopting alternative policies in good time.
Amendment 56 #
Proposal for a decision Recital 3 a (new) (3a) In order to maintain an orderly functioning of the market, the Commission should, where appropriate, make a proposal for permanent structural solutions in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in the period 2013-2020, with the aim of the proposed act entering into force by June 2014.
Amendment 57 #
Proposal for a decision Recital 3 a (new) (3a) Carbon capture and storage (CCS) technologies and the development of some renewable energy sources are currently expensive and their cost-effective, affordable deployment will depend on the further development of those technologies. Reform of the emissions trading scheme should be directed towards incentivising efficiently and thus securing the necessary investments in research and development in order to bring low-carbon technologies to the market.
Amendment 58 #
Proposal for a decision 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 60 #
Proposal for a decision Recital 3 b (new) (3b) Any measures to reform the scheme should be designed to build confidence in the long-term stability of the emissions cap and trading system while allowing the market to determine the price at which allowances trade; there should be provisions and measures to ensure that direct revenues raised from the auctioning of allowances are invested into research to make low carbon technology cheaper.
Amendment 61 #
Proposal for a decision Article 1 Amendment 62 #
Proposal for a decision Article 1 Amendment 63 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission shall
Amendment 64 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following
Amendment 65 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following
Amendment 66 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 Amendment 67 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission shall, where appropriate, adapt the timetable for each period so as to ensure an orderly functioning of the market, only if the following conditions are met: (a) there is systematic economic growth in each Member State of at least 1% for at least one year; and (b) the rate of fuel poverty in each Member State does not exceed 8% in accordance with the UK Fuel Poverty Ratio model.
Amendment 68 #
Proposal for a decision Article 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission shall, where appropriate, adapt the timetable for each period so as to ensure an orderly functioning of the market. Where such an adaptation results in a significant number of allowances not being auctioned early in phase 3 of the EU ETS, those allowances shall be used to create a new reserve to enhance the stability of the EU ETS and contribute to social and skill-related aspects of the low- carbon transition.
Amendment 69 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission
Amendment 70 #
Proposal for a decision Article 1 – paragraph 1 Directive 2003/87/EC Article 10 – paragraph 4 – subparagraph 1 The Commission
Amendment 71 #
Proposal for a decision Article 1 - paragraph 1 a (new) 1a. By 30 June 2015, the Commission shall forward to the European Parliament and to the Council a feasibility study and cost-benefit analysis of climate change policies based on instruments other than market mechanisms, including the introduction of a carbon tax at the EU’s borders.
Amendment 72 #
Proposal for a decision Article 1 a (new) Article 1a The Commission shall be encouraged to bring forward proposals to amend Article 10a(8) of Directive 2003/87/EC in order to extend the existing EU funding mechanism ('NER 300') for the development of innovative low carbon technologies, and to apply it also for developments that may reduce the costs and carbon emissions of energy intensive industries. The mechanism shall be funded from the sale of some or all of those allowances that this Decision temporarily withholds from the ETS. The financial support available shall be allocated before the end of phase 3 in 2020.
Amendment 73 #
Proposal for a decision Article 1 a (new) Article 1a The Commission shall, where appropriate, bring forward a revised proposal with the objective of: (a) amending Article 9 of Directive 2003/87/EC to make it clear that the linear reduction factor of 1,74% per year will continue after 2020. An impact assessment of the different options and across economic sectors and business scenarios shall be carried out and if necessary, a further tightening of the system shall be considered in order to achieve the long-term EU decarbonisation goals by 2050 and beyond. The state of the international carbon market and the carbon leakage issue shall be taken into account in this review; (b) amending Article 10 of Directive 2003/87/EC to introduce an “ex post” mechanism in the system in which the issuing of allowances under the cap will be adjusted by taking into account the level of activity at each stage of the economic cycle. The proposals shall envisage a “carbon bank” into which surplus allowances can be deposited and from which those allowances can be released. In the event of such a "carbon bank" being established, clear rules shall be provided regarding the circumstances in which allowances must be deposited and released; (c) amending Article 10(3) of Directive 2003/87/EC to ensure that all the revenues raised from the auctioning of allowances are directed towards investments in research and development of low carbon technologies.
Amendment 74 #
Proposal for a decision Article 1 a (new) Article 1a This Decision shall enter into force on the date of its adoption.
source: PE-513.015
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The European Parliament adopted by 344 votes to 311, with 46 abstentions, an amendment to 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. The matter was referred back to the committee responsible. The vote was therefore postponed. The proposal sought to stipulate that the Commission would be adapt, if necessary, the timing of auctions of greenhouse gas allowances in order to ensure an orderly functioning of the market. The amendment adopted by Parliament states that where an assessment shows for the individual industrial sectors that no significant impact on sectors or subsectors exposed to a significant risk of carbon leakage is to be expected, the Commission may, in exceptional circumstances, adapt the timetable for the period beginning on 1 January 2013 so as to ensure an orderly functioning of the market. The Commission shall make no more than one such adaptation for a maximum number of 900 million allowances. New
The Committee on the Environment, Public Health and Food Safety adopted the report by Matthias GROOTE (S&D, DE) 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. The committee recommends that the European Parliaments position, adopted at first reading following the ordinary legislative procedures, should be to amend the Commission proposal as follows: Auction timetables: 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 impact on sectors exposed to a significant risk of carbon leakage is limited. 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. A new recital stipulates that adapting the auction timetable should be considered to be a short-term action, rather than a structural measure intended to address market imbalances of the EU ETS, and should not undermine the stability and predictability of the EU ETS. Guidelines on certain state aids: in the light of potentially higher prices for certificates, the guidelines on certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2012 and the criteria laid down in Directive 2003/87/EC (direct emission costs) should be considered for a revision taking into account the risk of carbon leakage and distortion of competition between sectors. |
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The Committee on the Environment, Public Health and Food Safety adopted the report by Matthias GROOTE (S&D, DE) 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. The committee recommends that the European Parliaments position, adopted at first reading following the ordinary legislative procedures, should be to amend the Commission proposal as follows: Auction timetables: 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 impact on sectors exposed to a significant risk of carbon leakage is limited. 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. A new recital stipulates that adapting the auction timetable should be considered to be a short-term action, rather than a structural measure intended to address market imbalances of the EU ETS, and should not undermine the stability and predictability of the EU ETS. Guidelines on certain state aids: in the light of potentially higher prices for certificates, the guidelines on certain State aid measures in the context of the greenhouse gas emission allowance trading scheme post-2012 and the criteria laid down in Directive 2003/87/EC (direct emission costs) should be considered for a revision taking into account the risk of carbon leakage and distortion of competition between sectors. New
The European Parliament adopted by 344 votes to 311, with 46 abstentions, an amendment to 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. The matter was referred back to the committee responsible. The vote was therefore postponed. The proposal sought to stipulate that the Commission would be adapt, if necessary, the timing of auctions of greenhouse gas allowances in order to ensure an orderly functioning of the market. The amendment adopted by Parliament states that where an assessment shows for the individual industrial sectors that no significant impact on sectors or subsectors exposed to a significant risk of carbon leakage is to be expected, the Commission may, in exceptional circumstances, adapt the timetable for the period beginning on 1 January 2013 so as to ensure an orderly functioning of the market. The Commission shall make no more than one such adaptation for a maximum number of 900 million allowances. |
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PURPOSE: to amend Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances. PROPOSED ACT: Decision of the European Parliament and of the Council. BACKGROUND: Directive 2003/87/EC 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. One of the features of the change from the phase 2 (period from 2008 to 2012) into phase 3 (period from 2013 to 2020) and the implementation provisions adopted so far is that the supply of allowances and international credits is expected to temporarily increase significantly in the short term. This exacerbates the already significant, unforeseen impact of the macro-economic developments, due to which emissions have decreased considerably and are not expected to increase significantly in 2012 and 2013. This combination of increased net supply and reduced demand increasingly affects the orderly functioning of the European carbon market in the transition to phase 3. In the light of such exceptional circumstances, the Commission is currently reviewing the need for a further change of the auctioning timetable and will invite experts in the Climate Change Committee to consider a draft for a future amendment to Commission Regulation (EU) No 1031/2010 and indicate their view on the appropriate action to be taken before the end of this year. The Commission also invites any other interested stakeholders to express their views on this draft and will actively engage with them in this regard. Meanwhile, the legislative process to clarify the scope of the Commission's powers by means of the present proposal should proceed swiftly and independently of the result of consultations with the Climate Change Committee. Finally, the Commission reaffirms its commitment, as stated in the context of the agreement on the Energy Efficiency Directive, to urgently examine and present options for action with a view to adopting further appropriate structural measures to strengthen the ETS during phase 3, and make it more effective. IMPACT ASSESSMENT: no impact assessment was undertaken. LEGAL BASIS: Article 192(1) of the Treaty on the Functioning of the European Union (TFEU). CONTENT: for the purposes of legal certainty, it should be clarified that, in order to ensure an orderly functioning of the market, the Commission is able to adapt the auction timetable laid down in Commission Regulation (EU) No 1031/2010. The proposed amendment would expressly provide such clarification in the relevant provision of the EU ETS Directive. BUDGETARY IMPACT: this measure does not have any impact on the Unions budget. New
PURPOSE: to amend Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances. PROPOSED ACT: Decision of the European Parliament and of the Council. BACKGROUND: Directive 2003/87/EC 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. One of the features of the change from the phase 2 (period from 2008 to 2012) into phase 3 (period from 2013 to 2020) and the implementation provisions adopted so far is that the supply of allowances and international credits is expected to temporarily increase significantly in the short term. This exacerbates the already significant, unforeseen impact of the macro-economic developments, due to which emissions have decreased considerably and are not expected to increase significantly in 2012 and 2013. This combination of increased net supply and reduced demand increasingly affects the orderly functioning of the European carbon market in the transition to phase 3. In the light of such exceptional circumstances, the Commission is currently reviewing the need for a further change of the auctioning timetable and will invite experts in the Climate Change Committee to consider a draft for a future amendment to Commission Regulation (EU) No 1031/2010 and indicate their view on the appropriate action to be taken before the end of this year. The Commission also invites any other interested stakeholders to express their views on this draft and will actively engage with them in this regard. Meanwhile, the legislative process to clarify the scope of the Commission's powers by means of the present proposal should proceed swiftly and independently of the result of consultations with the Climate Change Committee. Finally, the Commission reaffirms its commitment, as stated in the context of the agreement on the Energy Efficiency Directive, to urgently examine and present options for action with a view to adopting further appropriate structural measures to strengthen the ETS during phase 3, and make it more effective. IMPACT ASSESSMENT: no impact assessment was undertaken. LEGAL BASIS: Article 192(1) of the Treaty on the Functioning of the European Union (TFEU). CONTENT: for the purposes of legal certainty, it should be clarified that, in order to ensure an orderly functioning of the market, the Commission is able to adapt the auction timetable laid down in Commission Regulation (EU) No 1031/2010. The proposed amendment would expressly provide such clarification in the relevant provision of the EU ETS Directive. BUDGETARY IMPACT: this measure does not have any impact on the Unions budget. |
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