BETA

Awaiting Parliament 1st reading / single reading / budget 1st stage



2012/0202(COD) Greenhouse gas emission allowance trading: timing of auctions
Next event: Text adopted by Parliament, partial vote at 1st reading/single reading 2013/07/03 more...
RoleCommitteeRapporteurShadows
Lead ENVI GROOTE Matthias (S&D) KORHOLA Eija-Riitta (EPP), DAVIES Chris (ALDE), EICKHOUT Bas (Verts/ALE), CALLANAN Martin (ECR), WILS Sabine (GUE/NGL), CYMAŃSKI Tadeusz (EFD)
Opinion ITRE SARTORI Amalia (EPP)
Lead committee dossier: ENVI/7/10157
Legal Basis TFEU 192-p1

Activites

  • 2013/12/10 Vote in plenary scheduled
  • 2013/07/03 Text adopted by Parliament, partial vote at 1st reading/single reading
    • T7-0310/2013 summary
  • 2013/06/14 Amendments tabled in committee
  • 2013/04/16 Decision by Parliament, 1st reading/single reading
  • 2013/04/15 Debate in Parliament
  • 2013/02/25 Committee report tabled for plenary, 1st reading/single reading
    • A7-0046/2013 summary
  • 2013/02/19 Vote in committee, 1st reading/single reading
  • 2013/02/15 Amendments tabled in committee
  • 2012/12/20 Amendments tabled in committee
  • 2012/11/23 Committee draft report
  • 2012/11/14 Economic and Social Committee: opinion, report
  • 2012/09/11 Committee referral announced in Parliament, 1st reading/single reading
  • 2012/07/25 Legislative proposal
    • COM(2012)0416 summary
    • DG {'url': 'http://ec.europa.eu/dgs/clima/mission/index_en.htm', 'title': 'Climate Action'}, HEDEGAARD Connie

Documents

AmendmentsDossier
136 2012/0202(COD)
2012/12/20 ENVI 80 amendments...
source: PE-502.103
2013/02/18 ENVI 2 amendments...
source: PE-504.323
2013/06/14 ENVI 54 amendments...
source: PE-513.015

History

(these mark the time of scraping, not the official date of the change)

activities/0/docs/0/celexid
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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.

activities/11/docs
  • url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-310 type: Decision by Parliament, 1st reading/single reading title: T7-0310/2013
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3.70.18 International and regional environment protection measures and agreements
activities/9/text
  • 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.

activities/9/docs
  • url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=22615&l=en type: Results of vote in Parliament title: Results of vote in Parliament
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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 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.

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http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-46&language=EN
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activities/0/docs/0/text/0
Old

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.

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 Union’s budget.

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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 Union’s budget.

activities
  • body: EP date: 2012-07-25T00:00:00 type: EP officialisation
  • date: 2012-07-25T00:00:00 docs: url: http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2012&nu_doc=416 celexid: CELEX:52012PC0416:EN type: Legislative proposal published title: COM(2012)0416 body: EC commission: DG: url: http://ec.europa.eu/dgs/clima/mission/index_en.htm title: Climate Action Commissioner: HEDEGAARD Connie type: Legislative proposal
committees
  • body: EP responsible: True committee_full: Environment, Public Health and Food Safety (Associated committee) committee: ENVI
  • body: EP responsible: False committee_full: Industry, Research and Energy (Associated committee) committee: ITRE
links
National parliaments
European Commission
other
  • body: EC dg: url: http://ec.europa.eu/dgs/clima/mission/index_en.htm title: Climate Action commissioner: HEDEGAARD Connie
procedure
reference
2012/0202(COD)
subtype
Legislation
legal_basis
Treaty on the Functioning of the EU TFEU 192-p1
stage_reached
Preparatory phase in Parliament
summary
Amending Directive 2003/87/EC
instrument
Decision
title
Greenhouse gas emission allowance trading: timing of auctions
type
COD - Ordinary legislative procedure (ex-codecision)
subject