2014/0011(COD) | [ParlTrack]

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Article 2 – paragraph 1 – point 2

Directive 2003/87/EC
Article 10 – paragraph 1

Amendment 103 #

Proposal for a decision
Article 2 – paragraph 1 – point 2

Directive 2003/87/EC
Article 10 – paragraph 1

2. “1. ~~From 2021 onwards,~~ Member States shall auction all allowances that are not allocated free of charge in accordance with Article 10a and 10c and are not placed in the market stability reserve established by Decision [OPEU please insert number of this Decision when known] of the European Parliament and of the Council(*).”

Amendment 104 #

Proposal for a decision
Article 2 – paragraph 1 – point 2 a (new)

Directive 2003/87/EC
Article 10 – paragraph 1 a (new)

2a. In Article 10, the following paragraph shall be inserted "1a. Back-loading allowances as set by Decision 1359/2013 of the European Parliament and the Council of 17 December 2013 amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouses gas allowances1a and by Commission Regulation 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-201b shall be permanently deleted. ______ 1a OJ L 343, 19.12.2013, p. 1. 1b OJ L 56, 26.2.2014, p. 56."

Amendment 105 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a (new)

1a. Where the volume of allowances to be auctioned by Member States in the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected ~~average~~ auction volumes for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], ~~two-thirds of~~ the difference between the volumes shall be deducted ~~from auction volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member Stat~~and retired in equal instalments from auction volumes in the ~~first two~~two last years of the ~~following~~ period.

Amendment 106 #

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a (new)

1a. Where the volume of allowances to be auctioned by Member States in the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected average auction volume for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], ~~two-thirds of~~ the difference between the volumes shall be deducted ~~from auction volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member Stat~~and eliminated, in equal instalments, from auction volumes in the ~~fir~~last two years of the ~~following~~ period.

Amendment 107 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 – paragraph 3

(3a) Article 10(3) is replaced by the following: “3. Member States shall determine the use of revenues generated from the auctioning of allowances~~. At least~~ in accordance with the arrangements provided for in paragraphs 3a and 3b. 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c), or the equivalent in financial value of these revenues, ~~should~~must be used for one or more of the following: (a) to reduce greenhouse gas emissions, including by contributing to the Global Energy Efficiency and Renewable Energy Fund and to the Adaptation Fund as made operational by the Poznan Conference on Climate Change (COP 14 and COP/MOP 4), to adapt to the impacts of climate change and to fund research and development as well as ~~demonstration projects~~projects that have proven to be effective for reducing emissions and for adaptation and building community resilience to climate change, including participation in initiatives within the framework of the European Strategic Energy Technology Plan and the European Technology Platforms; (b) to develop renewable energies to meet the commitment of the Community to using 20 % renewable energies by 2020, as well as to develop other technologies contributing to the transition to a safe and sustainable low-carbon economy and to help meet the commitment of the Community to increase energy efficiency by 20 % by 2020; (c) measures to avoid deforestation and increase afforestation and reforestation in developing countries that have ratified the international agreement on climate change, to transfer technologies and to facilitate adaptation to the adverse effects of climate change in these countries; (d) forestry sequestration in the Community and the use of biochar where this is permitted under national legislation; (e) the environmentally safe capture and geological storage of CO2, in particular from solid fossil fuel power stations and a range of industrial sectors and subsectors, including in third countries; (f) to encourage ~~a shift to~~the development of an integrated transport system which should include low-emission and public/collective and private forms of transport; (g) to finance research and development in energy efficiency and clean technologies in the sectors covered by this Directive, in particular in the sectors and subsectors referred to in Article 10a(15), provided that they are removed from the list referred to in Article 10a(13); (h) measures intended to increase energy efficiency and insulation or to provide financial support in order to address social aspects in lower and middle income households; (i) to cover administrative expenses of the management of the Community scheme. Member States shall be deemed to have fulfilled the provisions of this paragraph if they have in place and implement fiscal or financial support policies, including in particular in developing countries, or domestic regulatory policies, which leverage financial support, established for the purposes set out in the first subparagraph and which have a value equivalent to at leastThe remaining 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c)~~. Member States shall inform the Commission as to the use of revenues and the actions taken pursuant to this paragraph in their reports submitted under Decision No 280/2004/EC.”~~ , or the equivalent in financial value of these revenues, shall be used for one or more of the following: (a) to support the local authorities, companies and communities in repairing the material and health-related damage caused by issues relating to climate change, including damage to crops; (b) to finance measures to rehabilitate hydrogeological systems and make the land safe." Or. it (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32009L0029)

Amendment 108 #

Gianluca BUONANNO, Lorenzo FONTANA, Nicolas BAY

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 – paragraph 3 – first subparagraph

3a. The first subparagraph of Article 10(3) is replaced by the following: "3. Member States shall determine the use of revenues generated from the auctioning of allowances. At least 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c), or the equivalent in financial value of these revenues, sh~~ould~~all be used for one or more of the following:" ~~http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:02003L0087-~~Or. en 20140430&qid=1417097608225&from=EN

Amendment 109 #

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2002/87/EC
Article 10 – paragraph 3 letter (g)

3a. Article 10(3)(g) is replaced by the following:: "(g) to finance research and development in energy efficiency and clean technologies in the sectors ~~cov~~and subsectors referred ~~by this Directive;"~~ to in Article 10a(15) of this Directive;" Or. it (http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32009L0029)

Amendment 110 #

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 – paragraph 4

3a. The first subparagraph of Article 10(4) is replaced by the following: "4. By 30 June 2010, the Commission shall adopt a regulation on timing, administration and other aspects of auctioning to ensure that it is conducted in an open, transparent, harmonised and non- discriminatory manner. To this end, the process should be predictable, in particular as regards the timing and sequencing of auctions and the estimated volumes of allowances to be made available. 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 referred to in Article 13(1) 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. These allowances shall be placed directly into the market stability reserve established by Decision [OPEU please insert number of this Decision when known]." Or. en http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:02003L0087- 20140430&qid=1417097608225&from=EN

Amendment 111 #

Gianluca BUONANNO, Lorenzo FONTANA

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 a – paragraph 6

~~"6. Member States may also adopt financial measures in favour of~~Article 10a(6) is replaced by the following: "6. CO2 costs passed through in energy prices to sectors or sub-sectors determined to be exposed to a significant risk of carbon leakage due to costs relating to greenhouse gas emissions passed on in e~~lectricity prices, in order to compensate for those costs and where such financial measures are in accordance with state aid rules applicable and to be adopted in~~nergy prices shall be fully off-set via harmonised and transparent rules in all Member States, this apre~~a. Those measures shall be~~ferably through free allocation based on ~~ex-ante~~realistic benchmarks of the indirect emissions of CO2 per unit of production. The ex-ante benchmarks shall be calculated for a given sector or subsector as the product of the electricity consumption per unit of production corresponding to the most efficient available technologies and of the CO2 emissions of the relevant European electricity production mix." http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:02003L0087-. Those measures, designed to amend non-essential elements of this Directive by supplementing it, shall be adopted in accordance with the regulatory procedure with scrutiny referred to in Article 23(3)." Or. en 20140430&qid=1417097608225&from=EN

Amendment 112 #

Proposal for a decision
Article 2 – paragraph 1 – point 3 c (new)

Directive 2003/87/EC
Article 10 a – paragraph 12

~~“12. Subject to Article 10b, in 2013 and in each subsequent year up to 2020~~3c. Article 10a(12) is replaced by the following: "12. Subject to Article 10b, installations in sectors or subsectors which are exposed to a significant risk of carbon leakage shall be allocated, pursuant to paragraph 1, allowances free of charge at 100 % of the quantity determined in accordance with the measures referred to in paragraph 1.” " Or. it http://eur-lex.europa.eu/legal- content/IT/TXT/HTML/?uri=CELEX:32009L0029&qid=1416593710835&from=IT

Amendment 113 #

Proposal for a decision
Article 2 – point 4 a (new)

Directive 2003/87/EC
Article 13 a (new)

4a. The following Article shall be inserted: “Article 13a European producers shall realise the value of the free quotas wholly through investment in the low carbon economy, whether this be in equipment, research and development, or staff training.

Amendment 114 #

Proposal for a decision
Article 2 a (new)

Article 2a EU border adjustment measures EU border adjustment measures shall be introduced on 1 January 2016. The aim thereof shall be to apply the same rules to the import of goods subject to the ETS as those applied to goods produced within the European Union. Export of goods subject to the ETS shall be exempted from emission rights.

Amendment 115 #

Antonio TAJANI, Aldo PATRICIELLO, Massimiliano SALINI, Pilar del CASTILLO VERA, Fulvio MARTUSCIELLO, Herbert REUL, Hermann WINKLER, Ivo BELET, Françoise GROSSETÊTE, Krišjānis KARIŅŠ, Marian-Jean MARINESCU, Francisco de Paula GAMBUS MILLET, Markus PIEPER, Paul RÜBIG, Maria SPYRAKI, Nadine MORANO, Anne SANDER, Werner LANGEN, Esther DE LANGE

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...*, the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions and the continuation of free allocations, better reflecting changing production levels and incentivising the most efficient performance taking into account direct and indirect carbon costs, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. ________________ * OJ: Please, insert the date: six months from the entry into force of this Decision.

Amendment 116 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...*and in accordance with the ordinary legislative procedure, the Commission shall submit a proposal to the European Parliament and to the Council for a comprehensive review of Directive 2003/87/EC, including the option to free allocations beyond the year 2020 to best performers in sectors and subsectors deemed to be exposed at risk of carbon leakage to better reflect changing production levels. EU-harmonized measures different from the current state aid mechanism, to offset, in all Member States, carbon costs passed through in the electricity bill, should secure a full level playing field. _______ *OJ: Please insert the date: three months after the entry into force of this Decision.

Amendment 117 #

Adam GIEREK

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...* , the Commission shall review Directive 2003/87/EC, and shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council, in particular with regard to carbon leakage provisions, ensuring that sectors at risk of carbon leakage, at least at the level of best performers, have no direct or indirect additional costs resulting from the Directive." _____ *OJ: Please insert the date: six months after the entry into force of this Decision.

Amendment 118 #

Antonio TAJANI, Aldo PATRICIELLO, Massimiliano SALINI, Pilar del CASTILLO VERA, Fulvio MARTUSCIELLO, Herbert REUL, Hermann WINKLER, Ivo BELET, Krišjānis KARIŅŠ, Françoise GROSSETÊTE, Marian-Jean MARINESCU, Francisco de Paula GAMBUS MILLET, Markus PIEPER, Paul RÜBIG, Maria SPYRAKI, Nadine MORANO, Anne SANDER, Werner LANGEN, Esther DE LANGE

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026~~Within three years after the date of establishment of the market stability reserve, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall ~~pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the~~ include a detailed assessment of the impact of important demand drivers, including other environmental, energy and climate policies, and the monitoring of the impact of the market stability reserve in the context of the annual carbon market report. The review shall pay particular attention to the extent to which Article 1(3) and (4) are appropriate with re~~shold for the total number of allowances in circulation set by Article 1(4)~~gard to the objective of tackling structural supply-demand imbalances.

Amendment 119 #

Proposal for a decision
Article 3 – paragraph 1

By 31 December 2026, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4)Three years after the market stability reserve has become operational, the Commission shall review the effectiveness of Directive 2003/87/EC and submit an alternative proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to investments aimed at reducing emissions, boosted by the cap-and-trade system, and to a range of alternatives to this system that promote real technological improvement, full employment in the sectors covered by the Directive and maximum emissions reduction.

Amendment 120 #

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Article 3 – paragraph 1

By 31 December 20262, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4). A periodic review of the settings of the Market Stability Reserve, two years before the start of every new phase, is necessary in order to ensure the settings remain appropriate whilst preserving certainty for the market.

Amendment 121 #

Bendt BENDTSEN, Peter LIESE, Luděk NIEDERMAYER, Karl-Heinz FLORENZ

Proposal for a decision
Article 3 – paragraph 1

Amendment 122 #

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026~~3 years after the market stability reserve has become operational, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).

Amendment 123 #

Proposal for a decision
Article 3 – paragraph 1

By 31 December 20261, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).

Amendment 124 #

Proposal for a decision
Article 3 – paragraph 1

Amendment 125 #

Bendt BENDTSEN, Peter LIESE, Luděk NIEDERMAYER, Karl-Heinz FLORENZ

Proposal for a decision
Article 3 – paragraph 1

By 31 December 20260, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(46).

Amendment 126 #

Nadine MORANO

Proposal for a decision
Article 3

Amendment 127 #

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 128 #

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 129 #

Gianluca BUONANNO, Lorenzo FONTANA

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 20202.

Amendment 130 #

Nadine MORANO

Proposal for a decision
Article 5 – paragraph 1 a (new)

It shall be applicable from the date of the entry into force of a proposal for a directive amending Directive 2003/87/EC with implementation of the 2030 framework for climate and energy in mind.

Amendment 16 #

Proposal for a decision
–

The Committee on Industry, Research and Energy calls on the Committee on the Environment, Public Health and Food Safety, as the committee responsible, to propose rejection of the Commission proposal.

Amendment 17 #

Cornelia ERNST

Proposal for a decision
Recital 1 a (new)

(1a) The legal limit on carbon dioxide set in the ETS has been too generous, EU allowances have been over-abundant and their price collapsed, rendering the incentives to cut CO2 emissions meaningless. Generous national allocations of free allowances, lower energy use due to the economic crisis and emissions-reducing effects of complementary policies such as efficiency standards and targets for renewable energy sources contributed to the price decline. Considering the ETS in a state of deep crisis, the European Union should take a greater role in directly regulating greenhouse gas emissions at source, abandoning market-oriented approaches.

Amendment 18 #

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 20213. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20213, allowances corresponding to 126% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4600 million. __________________ 7 COM(2012)652 ~~final~~. 8 Insert reference.

Amendment 19 #

Antonio TAJANI, Marian-Jean MARINESCU, Francisco de Paula GAMBUS MILLET, Herbert REUL, Aldo PATRICIELLO, Markus PIEPER, Krišjānis KARIŅŠ, Françoise GROSSETÊTE, Paul RÜBIG, Pilar del CASTILLO VERA, Hermann WINKLER, Massimiliano SALINI, Fulvio MARTUSCIELLO, Maria SPYRAKI, Nadine MORANO, Anne SANDER, Werner LANGEN

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4500 million. __________________ 7 8COM(2012)652 final. COM(2012)652. 8 Insert reference. Insert reference.

Amendment 20 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021 as of January 2017. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, when the total number of allowances in circulation is higher than 600 allowances, beginning in 20217, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4200 million. __________________ 7 COM(2012)652 ~~final~~. 8 Insert reference.

Amendment 21 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 2~~1027~~012 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the E~~uropean Emission Trading System more resilient to imbalances, a market stability reserve should be established~~TS more resilient to supply-demand imbalances, and thus to correct a design error in that system, so as to enable it to function as an orderly market with stable and competitive prices, reflecting the true value of allowances, a market stability reserve should be established. The market stability reserve should also ensure synergies with other climate policies such as those on renewable energy and energy efficiency. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing themn from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 8 Insert reference.

Amendment 22 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 2~~1027~~012 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ~~ensure regulatory certainty as regards auction supply in phase 3 and~~ allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of ~~phase 4 starting in 2021~~2017. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 1233% of the number of allowances in circulation in year x-21 minus 833 million should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012)652 final. COM(2012)652. 8 Insert reference. Insert reference.

Amendment 23 #

Bendt BENDTSEN, Peter LIESE, Luděk NIEDERMAYER, Karl-Heinz FLORENZ, Seán KELLY

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-2 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 millionIn order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. __________________ 7 COM(2012)652 ~~final~~. 8 Insert reference.

Amendment 24 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more, thereby preventing the ETS from delivering the necessary investment signal to reduce CO2 emissions in a cost efficient manner. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty ~~as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change~~, the market stability reserve should be established ~~as of phase 4~~ starting in 20217. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 12% of the number of allowances in circulation in year x-2 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012)652 final. COM(2012)652. 8 Insert reference. Insert reference.

Amendment 25 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 during phase 3 starting in 20217. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012)652 final. COM(2012)652. 8 Insert reference. Insert reference.

Amendment 26 #

Rolandas PAKSAS

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 210127 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 COM(2012) 652 ~~final~~. 8 Insert reference.

Amendment 27 #

Gianluca BUONANNO, Lorenzo FONTANA

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting inthe market stability reserve has a quick and significant impact on the European Emission Trading System, it should be established as of 2017. Without early introduction, projections show that the amount of surplus allowances would not fall below the current levels until 20215. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4300 million. __________________ 7 8COM(2012)652 final. COM(2012)652. 8 Insert reference. Insert reference.

Amendment 28 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 210127 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 126% of the number of allowances in circulation in year x-2 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 COM(2012) 652 ~~final. 8~~. 8 Insert reference. Insert reference.

Amendment 29 #

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Recital 2 a (new)

(2a) The allowances that were backloaded from 2014 to 2016 in accordance with Decision No 1359/2013/EU of the European Parliament and of the Council of 17 December 2013 amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouses gas allowances1a and Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-201b should be directly placed into the market stability reserve, in order to provide stability and give a clear signal with regard to the auctioned amounts of allowances. _____________ 1a OJ L 343, 19.12.2013, p.1. 1b OJ L 56, 26.2.2014, p.56.

Amendment 30 #

Philippe DE BACKER

Proposal for a decision
Recital 2 a (new)

(2a) The European Council Conclusions of 23 and 24 October 2014 set the framework for the EU's 2030 climate and energy policies. The European Commission should propose to the European Parliament and the Council a legislative proposal to set out a stable, appropriate and long term framework that adequately deals with the risk of carbon leakage due to ETS-related direct and indirect costs in the EU post-2020. This proposal should cover the overall ETS framework, and should be put on the table in the first half of 2015.

Amendment 31 #

Proposal for a decision
Recital 3

(3) Furthermore, in addition to the establishment of the market stability reserve, a few consequential amendments should be made to Directive 2003/87/EC to ensure consistency and smooth operation of the ETS. In particular, the operation of Directive 2003/87/EC may lead to large volumes of allowances to be auctioned at the end of each trading period which can undermine market stability. Accordingly, in order to avoid an imbalanced market situation of supply of allowances at the end of one trading period and the beginning of the next with possibly disruptive effects for the market, provision should be made for the auctioning of part of any large increase of supply at the end of one trading period in the first two years of the next period. Moreover, in order to avoid an imbalanced market situation of supply of allowances, the backloaded allowances shall be placed directly into the market stability reserve.

Amendment 32 #

Antonio TAJANI, Massimiliano SALINI, Fulvio MARTUSCIELLO, Herbert REUL, Hermann WINKLER, Ivo BELET, Aldo PATRICIELLO, Pilar del CASTILLO VERA, Krišjānis KARIŅŠ, Françoise GROSSETÊTE, Marian-Jean MARINESCU, Francisco de Paula GAMBUS MILLET, Markus PIEPER, Paul RÜBIG, Maria SPYRAKI, Nadine MORANO, Anne SANDER, Werner LANGEN, Esther DE LANGE

Proposal for a decision
Recital 3 a (new)

(3a) The European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions after 2020, stating that "the most efficient installations in the sectors at risk of losing international competitiveness should not face undue carbon costs leading to carbon leakage" and that "future allocations will ensure better alignment with changing production levels in different sectors" and "at the same time, incentives for industry to innovate will be fully preserved and administrative complexity will not be increased." The conclusions further underline that both direct and indirect costs for the respective industry sectors will be taken into account as well as the need for affordable energy prices. It is of paramount importance that the Commission reviews the functioning of Directive 2003/87/EC in that respect.

Amendment 33 #

Esther DE LANGE

Proposal for a decision
Recital 3 a (new)

(3a) The Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-201a has back-loaded 900 million allowances to the end of the phase 3. The impact of the auctioning of these back-loaded allowances in 2019 and 2020 would run counter to the desired effect of the current proposal for a market stability reserve. Therefore, the back- loaded allowances should not be auctioned but instead be taken up directly in the market stability reserve. ____________ 1a OJ L 56, 26.2.2014, p.56.

Amendment 34 #

Proposal for a decision
Recital 3 a (new)

(3a) In addition to the establishment of the market stability reserve and the resulting amendments to Directive 2003/87/EC, provision should be made for those sectors deemed to be exposed to a significant risk of carbon leakage.

Amendment 35 #

Proposal for a decision
Recital 3 a (new)

(3a) According to the 2014 Report by the European Environment Agency, in 2012 manufacturing industries and construction accounted for 11.7 % of greenhouse gas emissions in the European Union while the energy industry accounted for 32.8 %.

Amendment 36 #

Adam GIEREK

Proposal for a decision
Recital 3 a (new)

(3a) The provisions for carbon leakage should provide 100% free allocation of technically achievable benchmarks, as result of increase of the effectiveness of energy conversion, with no reduction factor for carbon leakage sectors. It is of paramount importance that the Commission reviews the functioning of Directive 2003/87/EC in this respect.

Amendment 37 #

Proposal for a decision
Recital 3 a (new)

(3a) The establishment and the operation of the market stability reserve represents a necessary reform of the ETS. The introduction of the market stability reserve particularly addresses the surplus of allowances that undermines the well- functioning of the emission trading system. Therefore reintroducing the allowances that have been back-loaded between 2014 and 2016 in accordance with the Commission Regulation 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-201a would significantly undermine the impact of the market stability reserve on the European carbon market. Accordingly, instead of being auctioned between 2019 and 2020, the back-loaded allowances should be permanently withdrawn from the emission trading system. _______________ 1a OJ L 56, 26.2.2014, p.56.

Amendment 38 #

Nadine MORANO

Proposal for a decision
Recital 3 a (new)

(3a) Implementation of this proposal concerning the establishment of a market stability reserve ought to be followed up by a revision of Directive 2003/87/EC so as to take the sectors concerned by carbon leakage into account.

Amendment 39 #

Proposal for a decision
Recital 3 a (new)

(3a) The establishment of the market stability reserve does not affect the allocation of free allowances to industry at risk of carbon leakage and only tackles the volume of allowances that are auctioned. Any genuine risk of carbon leakage should fully be addressed as part of the wider structural reform of the ETS in preparation for 2021. Until 2020, industry sectors which have been defined as being at risk of carbon leakage and which meet the relevant benchmarks, are protected by provisions in place which guarantee 100% free allowances. Guarantees to extend the existing carbon leakage measures have already been given in the Conclusions of the European Council of the October 2014.

Amendment 40 #

Gunnar HÖKMARK

Proposal for a decision
Recital 3 a (new)

(3a) There is a need for European state of the art industry to be able to develop and invest in Europe thereby contributing to Union competitiveness and global CO2 reduction.

Amendment 41 #

Gunnar HÖKMARK

Proposal for a decision
Recital 3 a (new)

(3a) Member states should invest more in research and development of energy efficiency, CO2 reductions and carbon capture storage as well as new generations of power production including wind, water and solar power as well as hydro energy and nuclear power. The revenues from the auctions of allowances should contribute to this.

Amendment 42 #

Proposal for a decision
Recital 3 b (new)

(3b) Back-loading allowances should be cancelled to limit large fluctuations of carbon prices in the future. Back-loading as devised by Decision No 1359/2013/EU of the European Parliament and of the Council of 17 December 2013 amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouses gas allowances1a and Commission Regulation 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-201b would set the European Trading Scheme back by several years. Close to 1.7 billion allowances could be flooding an already oversupplied market in 2019 and 2020. ______________ 1a OJ L 343, 19.12.2013, p. 1. 1b 2 OJ L 56, 26.2.2014, p.56.

Amendment 43 #

Proposal for a decision
Recital 3 b (new)

(3b) With the crisis, it is as if the carbon leakage that is so feared were already happening despite the measures that were supposed to combat it, such as granting free quotas to industrialists.

Amendment 44 #

Proposal for a decision
Recital 3 b (new)

(3b) Bearing in mind that costs related to greenhouse gas emissions are being passed on in energy prices, the Commission should consider non- financial forms of compensation, including the option of reserving an appropriate percentage of allowances for sectors and subsectors deemed to be exposed to a significant risk of carbon leakage.

Amendment 45 #

Proposal for a decision
Recital 3 c (new)

(3c) Placing all global energy-intensive industrial competitors that serve the EU internal market on an even footing and subjecting importers to the same carbon constraint as EU producers by means of border adjustment measures is becoming imperative. Border adjustment measures ensure fair competition between producers on the EUʼs single market, in accordance with international trade rules on non-discrimination between local producers and importers, and prevent all structural carbon leakage.

Amendment 46 #

Proposal for a decision
Recital 3 d (new)

(3d) Provided the current phase involving an investment deficit by European producers does not persist for several more years, the condition of technologies employed by European energy-intensive industries will remain competitive at world level. But it is a matter of urgency because the investment crisis has lasted for more than five years now. Border adjustment measures will encourage investment in lowering greenhouse gas emissions, as a tool to make the European electro-intensive industry competitive. It will enable free quotas to be set aside for use in investment, as envisaged initially when emission rights were first introduced.

Amendment 47 #

Bendt BENDTSEN, Peter LIESE, Luděk NIEDERMAYER, Karl-Heinz FLORENZ

Proposal for a decision
Recital 3 e (new)

(3e) The placing of all global producers of CO2 emission-intensive goods on an even footing on the European market will be completed by an exemption from emission rights for goods exported by EU producers.

Amendment 48 #

Proposal for a decision
Recital 4

Amendment 49 #

Esther DE LANGE

Proposal for a decision
Recital 4 a (new)

(4a) The Committee on the Environment, Public Health and Food Safety of the European Parliament decided in its meeting of 24 September 2014 not to object to the list of sectors and subsectors deemed exposed to a risk of carbon leakage for the period 2015-2019;

Amendment 50 #

Proposal for a decision
Recital 4 a (new)

(4a) Increased CO2 prices resulting from the market stability reserve will have a significant impact on sectors at risk of carbon leakage, as according to directive 2003/87/EC, the provisions to prevent carbon leakage are being phased out. In its resolution of 4 February 2014, (2013/2177(INI)) the European Parliament stressed that the Commission should address more concretely and in detail the issue of carbon leakage, that the 2030 climate and energy policy targets must be technically and economically feasible for EU industries and that best performers should have no direct or indirect additional costs resulting from climate policies; it stressed that the provisions for carbon leakage should provide 100% free allocation of technically achievable benchmarks, with no reduction factor for carbon leakage sectors. In its conclusions of 21 March, 2014, the European Council stressed that Europe needs a strong and competitive industrial base as a key driver for economic growth and jobs, industrial competitiveness concerns should be systematically mainstreamed across all EU policy areas; the European Council invited the Council and the Commission to rapidly develop measures to prevent potential carbon leakage and called for long-term planning security for industrial investment in order to ensure the competitiveness of Europe's energy-intensive industries; it stressed that a coherent European energy and climate policy must address the issue of high energy costs in particular for energy- intensive industries and ensure affordable energy prices. Therefore the Directive shall be amended in order to extend provisions concerning carbon leakage beyond 2020, to off-set CO2 cost pass-through on energy prices in all Member States and remove the cross-sectoral correction factor for sectors at risk of carbon leakage.

Amendment 51 #

Proposal for a decision
Recital 5 a (new)

(5a) The establishment of the market stability reserve applies only to the volume of allowances to be auctioned, and hence does not affect the allocation of free allowances to installations in sectors or subsectors which are exposed to a significant risk of carbon leakage. In order to prevent carbon leakage and to finance renewable and energy efficiency technologies in industrial sectors, the NER300 facility should be renewed and expanded in the context of a forthcoming review of the Directive.

Amendment 52 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20213.

Amendment 53 #

Bendt BENDTSEN, Peter LIESE, Luděk NIEDERMAYER, Karl-Heinz FLORENZ

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 54 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 55 #

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 56 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 J~~anuar~~uly 20216.

Amendment 57 #

Miroslav POCHE, Theresa GRIFFIN

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 58 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 59 #

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 60 #

Herbert REUL, Markus PIEPER, Hermann WINKLER, Paul RÜBIG

Proposal for a decision
Article 1 – paragraph 1

1. ~~A market stability reserve is established, and shall operate from 1 January 2021~~With full respect of Commission Regulation (EU) 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-201a, a market stability reserve is established, and shall operate from the beginning of the next ETS trading period starting on 1 January 2021. _______________ 1a OJ L 56, 26.2.2014, p. 56.

Amendment 61 #

Esther DE LANGE

Proposal for a decision
Article 1 – paragraph 1 a (new)

1a. The back-loaded allowances shall be placed in the market stability reserve at the date the market stability reserve is established and shall not be auctioned before that date.

Amendment 62 #

Proposal for a decision
Article 1 – paragraph 1 a (new)

1a. The backloaded allowances shall be directly placed into the market stability reserve.

Amendment 63 #

Fredrick FEDERLEY, Morten PETERSEN, Gerben-Jan GERBRANDY

Proposal for a decision
Article 1 – paragraph 1 b (new)

1b. Allowances remaining in the new entrants' reserve at the end of the period, and allowances not allocated due to closures or under the derogation for the modernisation of the electricity sector shall be considered "unallocated allowances". All such unallocated allowances shall be directly placed in the market stability reserve.

Amendment 64 #

Proposal for a decision
Article 1 – paragraph 2

2. The Commission shall publish the total number of allowances in circulation each year, by 15 May of the subsequent year. The total number of allowances in circulation for year x shall be the cumulative number of allowances issued in the period since 1 January 2008, including the number issued pursuant to Article 13(2) of Directive 2003/87/EC in that period and entitlements to use international credits exercised by installations under the EU emission trading system in respect of emissions up to 31 December of year x, minus the cumulative tonnes of verified emissions from installations under the EU emission trading system between 1 January 2008 and 31 December of year x, any allowances cancelled in accordance with Article 12(4) of Directive 2003/87/EC and the number of allowances in the reserve. No account shall be taken of emissions during the three-year period starting in 2005 and ending in 2007 and allowances issued in respect of those emissions. The first publication shall take place by 15 May 20175.

Amendment 65 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 1 – paragraph 2

Amendment 66 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 67 #

Proposal for a decision
Article 1 – paragraph 2

2. The Commission shall publish the total number of allowances in circulation each year, by 15 May of the subsequent year. The total number of allowances in circulation for year x shall be the cumulative number of allowances issued in the period since 1 January 2008, including the number issued pursuant to Article 13(2) of Directive 2003/87/EC in that period and entitlements to use international credits exercised by aircraft operators and installations under the EU emission trading system in respect of emissions up to 31 December of year x, minus the cumulative tonnes of verified emissions from aircraft operators and installations under the EU emission trading system between 1 January 2008 and 31 December of year x, any allowances cancelled in accordance with Article 12(4) of Directive 2003/87/EC and the number of allowances in the reserve. No account shall be taken of emissions during the three-year period starting in 2005 and ending in 2007 and allowances issued in respect of those emissions. The first publication shall take place by 15 May 20176.

Amendment 68 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 69 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 1 – paragraph 2

Amendment 70 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in ~~2021~~July 2016, a number of allowances equal to 125% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless thise total number of allowances ~~to be placed in the reserve would be less than 100 million~~in circulation would be less than 600 million. For the purposes of this paragraph, if there are more than 1 billion allowances available in the reserve, no other allowance shall be added to the reserve. Instead, the surplus in question shall be cancelled.

Amendment 71 #

Proposal for a decision
Article 1 – paragraph 3

3. IWhen the total number of allowances in circulation is higher than 600 allowances, in each year beginning in 20217, a number of allowances equal to 12% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 72 #

Bendt BENDTSEN, Peter LIESE, Luděk NIEDERMAYER, Karl-Heinz FLORENZ

Proposal for a decision
Article 1 – paragraph 3

3. InBy 30 June of each year beginning in 20217, a number of allowances equal to 1233% of the total number of allowances in circulation in year x-21, as published in May year x~~-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million~~, minus 833 million shall be placed in the reserve.

Amendment 73 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20217, a number of allowances equal to 12% of the total number of allowances in circulation in year x-2, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 74 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20217, a number of allowances equal to 120% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 75 #

Gianluca BUONANNO, Lorenzo FONTANA, Nicolas BAY

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20217, a number of allowances equal to 125% of the total number of allowances in circulation in year x-2, as published in May year x-1, shall be placed in the reserve, unless thise total number of allowances ~~to be placed in the reserve would be~~in circulation is less than 1600 million.

Amendment 76 #

Antonio TAJANI, Aldo PATRICIELLO, Massimiliano SALINI, Pilar del CASTILLO VERA, Fulvio MARTUSCIELLO, Herbert REUL, Hermann WINKLER, Krišjānis KARIŅŠ, Françoise GROSSETÊTE, Marian-Jean MARINESCU, Francisco de Paula GAMBUS MILLET, Markus PIEPER, Paul RÜBIG, Maria SPYRAKI, Nadine MORANO, Anne SANDER, Werner LANGEN

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 2021, a number of allowances equal to 120% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 77 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 2021, a number of allowances equal to 126% of the total number of allowances in circulation in year x-2, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 78 #

Proposal for a decision
Article 1 – paragraph 3

3. InBy 30 June of each year beginning in 20217, a number of allowances equal to 120% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless thise total number of allowances ~~to be placed in the reserve would be~~in circulation is less than ~~100~~833 million.

Amendment 79 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 2021, a number of allowances equal to 12% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 80 #

Rolandas PAKSAS

Proposal for a decision
Article 1 – paragraph 3

Amendment 81 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20213, a number of allowances equal to 126% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 1200 million.

Amendment 82 #

Proposal for a decision
Article 1 – paragraph 3 a (new)

3a. In the event the reserve has accumulated to one billion allowances, any additional allowances to be placed in the reserve shall be withdrawn.

Amendment 83 #

Proposal for a decision
Article 1 – paragraph 3 a (new)

3a. The establishment of the market stability reserve and the consequential amendments to Directive 2003/87/EC do not affect the allocation of free allowances to manufacturing industry at risk of carbon leakage.

Amendment 84 #

Proposal for a decision
Article 1 – paragraph 3 b (new)

3b. The establishment of the market stability reserve and the consequential amendments to Directive 2003/87/EC do not affect the cross-sectorial reduction factor.

Amendment 85 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation ~~is lower than 400 million, 100 million allowances~~as published in May year x is lower than 400 million, 33 % of the difference between 833 million and the total number of allowances in circulation in year x-1, as published in May year x, shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 86 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4600 million, 1200 million allowances shall immediately be released from the reserve. In case less than 1200 million allowances are in the reserve, all allowances in the reserve shall immediately be released under this paragraph.

Amendment 87 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4300 million~~, 10~~ and measures have been adopted under Article 29a of Directive 2003/87/EC, 50 million allowances shall be released from the reserve. In case less than 1050 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 88 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4300 million, 100 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 89 #

Proposal for a decision
Article 1 – paragraph 4

Amendment 90 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4200 million, 100 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 91 #

Dario TAMBURRANO, Eleonora EVI, David BORRELLI, Piernicola PEDICINI, Marco AFFRONTE

Proposal for a decision
Article 1 – paragraph 5

5. In any year, if paragraph 4 is not applicable and measures are adopted under Article 29a of the Directive, 100 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.deleted

Amendment 92 #

Proposal for a decision
Article 1 – paragraph 5

Amendment 93 #

Proposal for a decision
Article 1 – paragraph 5

5. In any year, if paragraph 4 is not applicable and measures are adopted under Article 29a of the Directive, 1200 million allowances shall immediately be released from the reserve. In case less than 1200 million allowances are in the reserve, all allowances in the reserve shall immediately be released under this paragraph.

Amendment 94 #

Herbert REUL, Markus PIEPER, Hermann WINKLER, Paul RÜBIG

Proposal for a decision
Article 1 – paragraph 5 a (new)

5a. In any year beginning in 2021, the allocation of allowances under Article 10a of the Directive 2003/87/EC or under any subsequent provisions following the review of this directive referred to in Article 2a, shall be adjusted by either placing allowances into, or withdrawing allowances from the reserve as appropriate, so as to ensure the full free allocation of allowances in respect of actual production to the most efficient installations in sectors at risk of carbon leakage. The number of allowances to be placed in or released from the reserve under this paragraph shall be calculated by reference to benchmarked carbon emissions in respect of the actual production of an installation, and the number of allowances allocated free to that installation, in year x. Any excess allowances over production emissions given to an installation will be withheld from, and any shortfall in allowances over production emissions will be added to, the allowances allocated to the installation in year x+1.

Amendment 95 #

Gunnar HÖKMARK

Proposal for a decision
Article 1 – paragraph 5 a (new)

5a. In any year, if the total number of allowances in the reserve in year x-1 is higher than 400 million, 40 million allowances shall be set aside and made available to support breakthrough innovation in low-carbon technologies and processes in sectors listed in Annex I of Directive 2003/87/EC. Selection and support criteria defined in Article 10a(8) of Directive 2009/29/EC of the European Parliament and of the Council of 23 April 2009 amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading scheme of the Community1a should apply. _________ 1a OJ L 140, 5.6.2009, p. 63.

Amendment 96 #

Proposal for a decision
Article 1 – paragraph 5 a (new)

5a. If the total number of allowances in the reserve over two consecutive years is higher than 500 million, 20% of the allowances shall be cancelled.

Amendment 97 #

Proposal for a decision
Article 1 – paragraph 6 a (new)

6a. Member States with a GDP per capita below 60% of the EU average1a may opt to continue to give free allowances to the energy sector and energy intensive sectors up to 2030. __________________ 1a GDP in 2013 in EUR at market prices.

Amendment 98 #

Proposal for a decision
Article 2 – paragraph 1 – point 2

Directive 2003/87/EC
Article 10 – paragraph 1

2. “1. From 20213 onwards, Member States shall auction all allowances that are not allocated free of charge in accordance with Article 10a and 10c and are not placed in the market stability reserve established by Decision [OPEU please insert number of this Decision when known] of the European Parliament and of the Council(*).”

Amendment 99 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Article 2 – paragraph 1 – point 2

Directive 2003/87/EC
Article 10 – paragraph 1

source: 544.113

2015/01/07 ENVI 217 amendments...

Amendment 100 #

Proposal for a decision
Article 1 – paragraph 1 a (new)

1a. The backloaded allowances shall be directly placed into the market stability reserve.

Amendment 101 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO

Proposal for a decision
Article 1 – paragraph 1 a (new)

1a. The Commission shall ensure that the allowances back-loaded in accordance with Regulation (EU) No 176/2014 are placed in the market stability reserve as of 1 January 2017.

Amendment 102 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Article 1 – paragraph 1 a (new)

1a. The Commission shall ensure that allowances that are back-loaded to later years in accordance with Commission Regulation (EU) No 176/2014 are included in the market stability reserve on 1 January 2021 and that these allowances are used in particular for tackling carbon leakage.

Amendment 103 #

Proposal for a decision
Article 1 – paragraph 1 b (new)

Amendment 104 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 1 – paragraph 2

Amendment 105 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 106 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO

Proposal for a decision
Article 1 – paragraph 2

Amendment 107 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 108 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 109 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 110 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 1 – paragraph 2

Amendment 111 #

Proposal for a decision
Article 1 – paragraph 2

Amendment 112 #

Giovanni LA VIA

Proposal for a decision
Article 1 – paragraph 2

Amendment 113 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Seb DANCE, Nessa CHILDERS, Miriam DALLI, Pavel POC, Jo LEINEN, Giorgos GRAMMATIKAKIS

Proposal for a decision
Article 1 – paragraph 2

Amendment 114 #

Proposal for a decision
Article 1 – paragraph 2 a (new)

2a. Allowances earmarked for free allocation for the modernisation of electricity generation shall be deducted from an amount of allowances that a Member State should transfer to the market stability reserve.

Amendment 115 #

Valentinas MAZURONIS

Proposal for a decision
Article 1 – paragraph 3

Amendment 116 #

Proposal for a decision
Article 1 – paragraph 3

Amendment 117 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20217, a number of allowances equal to 12% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 118 #

Proposal for a decision
Article 1 – paragraph 3

Amendment 119 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA

Proposal for a decision
Article 1 – paragraph 3

Amendment 12 #

Proposal for a decision
–

The European Parliament rejects the Commission proposal.

Amendment 120 #

Proposal for a decision
Article 1 – paragraph 3

Amendment 121 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20213, a number of allowances equal to 129% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 122 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Article 1 – paragraph 3

3. InBy 1 January of each year beginning in 20217, a number of allowances equal to 120% of the total number of allowances in circulation in year x-2,1 as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be ~~less than 100~~below 167 million.

Amendment 123 #

Proposal for a decision
Article 1 – paragraph 3

Amendment 124 #

Proposal for a decision
Article 1 – paragraph 3

Amendment 125 #

Proposal for a decision
Article 1 – paragraph 3

Amendment 126 #

Françoise GROSSETÊTE, Elisabetta GARDINI, Michel DANTIN, Angélique DELAHAYE, Alberto CIRIO

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 2021, a number of allowances equal to 1230% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 127 #

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 2021, if the total number of allowances in circulation is higher than 1300 MtCO2, a number of allowances equal to 1233% of the difference between the total number of allowances in circulation in year x-21 and the lower threshold of 800 Mt, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 128 #

Proposal for a decision
Article 1 – paragraph 3

3. InOn 30 June of each year beginning in 2021, a number of allowances equal to 12% of the total number of allowances in circulation inat the end of year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million.

Amendment 129 #

João FERREIRA, Luke Ming FLANAGAN, Teresa RODRIGUEZ-RUBIO, Pablo ECHENIQUE

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in 20212, a number of allowances equal to 120% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 100 million. In respect of Member States applying Article 10c of Directive 2003/87/EC as well as opting to give free allowances to the energy sector up to 2030 and without prejudice to the first sentence of Article 10c(2) of that Directive, the total quantity of allowances to be auctioned pursuant to Article 10(2) of that Directive in a given year following the adjustment shall not be lower than the quantity of allowances to be transitionally allocated free of charge to installations for electricity production in that same year. If necessary, the quantity of allowances to be put into stability reserve in a given year during the period of implementation of the stability reserve, by a Member State applying Article 10c of Directive 2003/87/EC as well as opting to give free allowances to the energy sector up to 2030 shall be reduced accordingly.

Amendment 13 #

Draft legislative resolution
Citation 4 a (new)

- having regard to the fact that the European Union scheme for greenhouse gas emission allowance trading has failed, having proved ineffective in achieving the emission reduction targets; having regard to the need to adopt alternatives to carbon trading, replacing a market-based approach with a fairer and more effective regulatory approach;

Amendment 130 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 1 – paragraph 3

3. In each year beginning in ~~2021~~July 2016, a number of allowances equal to 125% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless thise total number of allowances ~~to be placed in the reserve would be less than 100 million.~~ in circulation is less than 600 million. For the purposes of this paragraph, if reserve allowances exceed 1 billion, no further allowances should be added to the reserve but the excess removed.

Amendment 131 #

Peter LIESE, Sirpa PIETIKÄINEN, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Article 1 – paragraph 3

Amendment 132 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Pavel POC, Giorgos GRAMMATIKAKIS, Nessa CHILDERS, Jo LEINEN, Nicola CAPUTO, Miriam DALLI

Proposal for a decision
Article 1 – paragraph 3

3. InBy 30 June of each year beginning in 20217, a number of allowances equal to 120% of the total number of allowances in circulation in year x-21, as published in May year x-1, shall be placed in the reserve, unless this number of allowances to be placed in the reserve would be less than 10067 million.

Amendment 133 #

Proposal for a decision
Article 1 – paragraph 3 a (new)

3a. In the event the reserve has accumulated to one billion allowances, any additional allowances to be placed in the reserve shall be retired.

Amendment 134 #

Proposal for a decision
Article 1 – paragraph 3 a (new)

3a. The Commission shall propose a dedicated formula for the placing of allowances in the reserve. The formula shall reflect the over-allocation of allowances, as well as entitlements to use international credits in the second trading period vis-à-vis verified emissions. A share of allowances of each and every Member State to be placed in the reserve shall reflect their ratio of over-allocation in the second trading period.

Amendment 135 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4300 million~~, 10~~ and measures are adopted under Article 29a of Directive 2003/87/EC, 50 million allowances shall be released from the reserve. In case less than 1050 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 136 #

Proposal for a decision
Article 1 – paragraph 4

Amendment 137 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4200 million, ~~100~~25 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 138 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4700 million, 100 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 139 #

João FERREIRA, Luke Ming FLANAGAN, Teresa RODRIGUEZ-RUBIO, Pablo ECHENIQUE

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4600 million, 100 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph. Allowances released from the reserve will be distributed among those countries whose GDP per capita did not exceed 90% of the EU average (in 2013).

Amendment 14 #

Draft legislative resolution
Citation 5 a (new)

- having regard to the fact that the European Union scheme for greenhouse gas emission allowance trading is weakening and undermining the adoption of other environmental regulations;

Amendment 140 #

Françoise GROSSETÊTE, Elisabetta GARDINI, Michel DANTIN, Angélique DELAHAYE, Alberto CIRIO

Proposal for a decision
Article 1 – paragraph 4

Amendment 141 #

Proposal for a decision
Article 1 – paragraph 4

4. In any year, if the total number of allowances in circulation is lower than 4800 million, ~~100 million allowances~~allowances corresponding to 33% of the difference between the total number of allowances in circulation in year x-1 and the higher threshold of 1300 Mt shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 142 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 1 – paragraph 4

Amendment 143 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Seb DANCE, Nicola CAPUTO, Nessa CHILDERS, Miriam DALLI, Giorgos GRAMMATIKAKIS, Pavel POC, Jo LEINEN, Daciana Octavia SÂRBU

Proposal for a decision
Article 1 – paragraph 4

Amendment 144 #

Françoise GROSSETÊTE, Elisabetta GARDINI, Michel DANTIN, Angélique DELAHAYE, Alberto CIRIO

Proposal for a decision
Article 1 – paragraph 5

Amendment 145 #

Proposal for a decision
Article 1 – paragraph 5

Amendment 146 #

Proposal for a decision
Article 1 – paragraph 5

5. In a~~ny year, if paragraph 4 is not applicable and measures are adopted under Article 29a of the Directive, 100 million allowances shall be released from the reserve. In case less than 100 million~~ quarter x+2 of any year, if the average allowances price from quarter x is higher than EUR 20, transferring allowances into the market stability reserve shall be suspended by changing the auction volumes of allowances which are inot the res~~erve, all allowances in the reserve~~ult from the latest application of the market stability reserve mechanism. Such suspension shall be refleascted ~~under this paragraph~~in the auction calendar volumes until the average allowances price fall below such threshold.

Amendment 147 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 1 – paragraph 5

5. In any year, if ~~paragraph 4 is not applicable and measures are adopted under Article 29a of the Directive~~the total number of allowances in circulation is lower than 300 million, 100 million allowances shall be released from the reserve. In case less than 100 million allowances are in the reserve, all allowances in the reserve shall be released under this paragraph.

Amendment 148 #

Proposal for a decision
Article 1 – paragraph 5

Amendment 149 #

João FERREIRA, Luke Ming FLANAGAN, Teresa RODRIGUEZ-RUBIO, Pablo ECHENIQUE

Proposal for a decision
Article 1 – paragraph 5 a (new)

Amendment 15 #

Draft legislative resolution
Citation 6

~~– having regard to the report of the Committee on the Environment, Public Health and Food Safety and the opinion of the Committee on Industry, Research and Energy (A8 0000/2014),~~deleted

Amendment 150 #

Fredrick FEDERLEY

Proposal for a decision
Article 1 – paragraph 5 a (new)

5a. If the total number of allowances in the reserve over two consecutive years is higher than 500 million, 20% of the allowances shall be cancelled.

Amendment 151 #

Françoise GROSSETÊTE, Elisabetta GARDINI, Michel DANTIN, Angélique DELAHAYE, Alberto CIRIO

Proposal for a decision
Article 1 – paragraph 5 a (new)

5a. In any year beginning in 2021, the allocation of allowances under Article 10a of Directive 2003/87/EC or under any subsequent provisions following the review of that Directive referred to in Article 2a of this Decision, shall be adjusted by either placing allowances into, or withdrawing allowances from the reserve as appropriate, so as to ensure the full free allocation of allowances in respect of actual production to the most efficient installations in sectors at risk of carbon leakage. The number of allowances to be placed in or released from the reserve under this paragraph shall be calculated by reference to benchmarked carbon emissions in respect of the actual production of an installation, and the number of allowances allocated free to that installation, in year x. Any excess allowances over production emissions given to an installation shall be withheld from, and any shortfall in allowances over production emissions shall be added to, the allowances allocated to the installation in year x+1.

Amendment 152 #

Proposal for a decision
Article 1 – paragraph 5 a (new)

5a. To allow action pursuant to paragraphs 3 and 4, Commission Regulation (EC) No 1031/20101a shall be amended adequately in order to adapt the auctioning calendar taking into account the need for the market stability reserve to function. ______________ 1a Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community (OJ L 302, 18.11.2010, p. 1).

Amendment 153 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 1 – paragraph 6

6. Where action is taken pursuant to paragraphs 3 ~~or 5~~, the auction calendars shall take into account the allowances placed in the reserve or to be released from the reserve.

Amendment 154 #

Proposal for a decision
Article 1 – paragraph 6 a (new)

6a. Where a uniform cross sectoral correction factor shall be applied under Article 10a(5) of Directive 2003/87/EC reducing the total quantity of allowances, this quantity shall be determined. The allowances that without the application of the cross sectoral correction factor would have been allocated to qualifying installations shall be replaced by allowances released from the reserve to the extent to which they are available.

Amendment 155 #

Iratxe GARCÍA PÉREZ

Proposal for a decision
Article 1 – paragraph 6 a (new)

6a. At least 400 million allowances shall be transferred to an innovation fund and shall be made available to promote projects demonstrating innovative technologies with low carbon emission levels, which are not yet commercially profitable, as well as industrial innovation projects in sectors exposed to carbon leakage, within the EUʼs territory. The Commission shall adopt a decision establishing the innovation fund and the eligible project categories, as well as the selection criteria and funding arrangements, before 31 December 2015. Allowances shall be monetised and awarded to the selected projects before 31 December 2021.

Amendment 156 #

Proposal for a decision
Article 2 – paragraph 1 – point -1 a (new)

Directive 2003/87/EC
Article 6 – paragraph 1 – subparagraph 3 a (new)

-1a. In Article 6(1), the following subparagraph shall be added after the third subparagraph: "From 1 January 2016 the competent authority shall not issue greenhouse gas emissions permits to new electricity- generating installations with a capacity of 50 megawatts or more with emissions above 400 g CO2/kWh of electrical output."

Amendment 157 #

Proposal for a decision
Article 2 – paragraph 1 – point -1 a (new)

Directive 2003/87/EC
Article 9 – paragraph 3 a (new)

-1a. In Article 9, the following paragraph shall be inserted after the third paragraph: "In 2021 and in each subsequent year the linear reduction factor referred to in the first paragraph shall be 2,6%."

Amendment 158 #

Proposal for a decision
Article 2 – paragraph 1 – point – 1 b (new)

Directive 2003/87/EC
Article 6 – paragraph 1 – subparagraph 3 b (new)

-1b. In Article 6(1), the following subparagraph shall be added after the third subparagraph: "From 1 January 2021 the competent authority shall cancel greenhouse gas emissions permits of electricity-generating installations with a capacity of 50 megawatts or more with emissions above 400 g CO2/kWh of electrical output."

Amendment 159 #

João FERREIRA, Luke Ming FLANAGAN, Teresa RODRIGUEZ-RUBIO, Pablo ECHENIQUE

Proposal for a decision
Article 2 – paragraph 1 – point – 1 c (new)

Directive 2003/87/EC
Article 9 – paragraph 3 a (new)

-1c. In Article 9, the following paragraph shall be inserted after the third paragraph: "In 2021 and in each subsequent year the linear reduction factor referred to in the first paragraph shall be 2,6%."

Amendment 16 #

Draft legislative resolution
Paragraph 1

1. ~~Adop~~Rejects its position at first reading hereinafter set out;

Amendment 160 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

Amendment 161 #

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

Amendment 162 #

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Articles 10 – paragraph 1

Amendment 163 #

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

2. “1. From ~~2021~~1 July 2016 onwards, Member States shall auction all allowances that are not allocated free of charge in accordance with Article 10a and 10c ~~and~~, are not placed in the mMarket sStability rReserve established by Decision [OPEU please insert number of this Decision when known] of the European Parliament and of the Council(*).”

Amendment 164 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

2. “1. From 20212 onwards, Member States shall auction all allowances that are not allocated free of charge in accordance with Article 10a and 10c and are not placed in the market stability reserve established by Decision [OPEU please insert number of this Decision when known] of the European Parliament and of the Council(*).”

Amendment 165 #

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

Amendment 166 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/CE
Article 10 – paragraph 1

2. “1. From 20216 onwards, Member States shall auction all allowances that are not allocated free of charge in accordance with Article 10a and 10c and are not placed in the market stability reserve established by Decision [O~~PEU~~J: please insert number of this Decision ~~when known~~] of the European Parliament and of the Council(*).”

Amendment 167 #

Peter LIESE, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

2. “1. From 20217 onwards, Member States shall auction all allowances that are not allocated free of charge in accordance with Article 10a and 10c and are not placed in the market stability reserve established by Decision [OPEU please insert number of this Decision when known] of the European Parliament and of the Council(*).” In 2019 and 2020 an additional quantity of allowances as set out in the third column of the table in Annex IV of Commission Regulation (EU) No 176/2014 shall be placed in the reserve.

Amendment 168 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO, Nicola CAPUTO

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

Amendment 169 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Pavel POC, Giorgos GRAMMATIKAKIS, Nessa CHILDERS, Jo LEINEN, Miriam DALLI

Proposal for a decision
Article 2 – paragraph 1 – point 1

Directive 2003/87/EC
Article 10 – paragraph 1

Amendment 17 #

Proposal for a decision
Citation 4 a (new)

having regard to the European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework;

Amendment 170 #

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a

1a. Where the total volume of allowances ~~to be auctioned by Member States in~~issued in each of the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected average auction volume for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], two-thirds of the difference between the volumes shall be deducted from auction volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member States in the first two years of the following period.the annual volume implied by the linear reduction factor in Article 9 the difference shall be deducted from auction and retired

Amendment 171 #

Nessa CHILDERS

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a

1a. Where the volume of allowances to be auctioned by Member States in the last year of each period referred to in Article 13(1) exceeds by more than 30% the expected average auction volume for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], two-thirds of the difference between the volumes shall be deducted from auction volumes in the last year of the period and added in equal instAt the end of phase 3, any allowances remaining in the new entrants' reserve and any allowances not allocated due to partial cessations, closures or significant capacity reductions shall be considered "unallocated allowances". A volume of allowances equivalments to the ~~volumes to be auctioned by Member States in the first two years of the following perio~~total number of unallocated allowances shall be withdrawn from auction in 2020 and cancelled.

Amendment 172 #

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a

1a. Where the volume of allowances to be auctioned by Member States in the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected ~~average~~ auction volumes for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], two-thirds of the difference between the volumes shall be deducted ~~from auction volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member Stat~~and retired in equal instalments from auction volumes in the ~~fir~~last two years of the ~~following~~ period.

Amendment 173 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a

1a. Where the total volume of allowances ~~to be auctioned by Member States in~~issued in each of the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected average auction volume for the first two years of the following period before application of Article 1(3) of Decision [OPEU please insert number of this Decision when known], two-thirds of the difference between the volumesthe annual volume implied by the linear reduction factor in Article 9 the difference shall be deducted from auction ~~volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member States in the first two years of the following perio~~and retired.

Amendment 174 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Seb DANCE, Pavel POC, Jo LEINEN, Giorgos GRAMMATIKAKIS

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/EC
Article 10 – paragraph 1 a

Amendment 175 #

Proposal for a decision
Article 2 – paragraph 1 – point 3

Directive 2003/87/CE
Article 10 – paragraph 1a

“1a. Where the volume of allowances to be auctioned by Member States in the last two years of each period referred to in Article 13(1) exceeds by more than 30% the expected average auction volume for the first two years of the following period before application of Article 1(3) of Decision [O~~PEU~~J: please insert number of this Decision ~~when known], two-thirds of~~], the difference between the volumes shall be deducted ~~from auction volumes in the last year of the period and added in equal instalments to the volumes to be auctioned by Member Stat~~and eliminated, in equal instalments, from auction volumes in the ~~fir~~last two years of the ~~following~~ period.”

Amendment 176 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Seb DANCE, Guillaume BALAS, Nicola CAPUTO, Nessa CHILDERS, Jo LEINEN, Giorgos GRAMMATIKAKIS

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 – paragraph 1 b (new)

3a. In Article 10, the following paragraph shall be inserted: "1b. Allowances that are backloaded in accordance with Decision No 1359/2013/EU of the European Parliament and of the Council and Commission Regulation (EU) No 176/2014 shall be permanently deleted.

Amendment 177 #

Giovanni LA VIA

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 – paragraph 1 b (new)

3a. In Article 10, the following paragraph shall be inserted: "1b. Half of the allowances that are backloaded in accordance with Decision No 1359/2013/EU of the European Parliament and of the Council and Commission Regulation (EU) No 176/2014 shall be permanently deleted."

Amendment 178 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 2 – paragraph 1 – point 3 a (new)

Directive 2003/87/EC
Article 10 – paragraph 1 b (new)

3a. In Article 10, the following paragraph shall be inserted: "1b. Allowances back-loaded in accordance with Commission Regulation (EU) No 176/2014 and Decision No 1359/2013/EU of the European Parliament and of the Council shall be permanently deleted."

Amendment 179 #

Proposal for a decision
Article 2 – paragraph 1 – point 3 b (new)

Directive 2003/887/EC
Article 10 – paragraph 3 – subparagraph 1 – introductory wording

3b. In Article 10(3), the introductory wording of the first subparagraph is replaced by the following: "3. Member States shall determine the use of revenues generated from the auctioning of allowances. At least 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c), or the equivalent in financial value of these revenues, sh~~ould~~all be used for one or more of the following:"

Amendment 18 #

Peter LIESE, Sirpa PIETIKÄINEN, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Recital 1 a (new)

(1a) In the light of the need to maintain the incentives in the EU's Emissions Trading System during the negotiations on the Energy Efficiency Directive (2012/27/EU) the European Commission came forward with a declaration to examine options, including among others permanent withholding of the necessary amount of allowances, for action with a view to adopting as soon as possible further appropriate structural measures to strengthen the ETS during phase 3, and make it more effective.

Amendment 180 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Article 2 – paragraph 1 – point 3 b (new)

"3. Member States shall determine the use of revenues generated from the auctioning of allowances. At least 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c), or the equivalent in financial value of these revenues, should be use3b. In Article 10(3), the introductory wording of the first subparagraph is replaced by the following: "3. Member States shall use the revenues generated from the auctioning of allowances referred to in paragraph 2, or the equivalent in financial value of these revenues, primarily for the compensation of indirect costs passed on in electricity prices, and for one or more of the following:"

Amendment 181 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 2 – paragraph 1 – point 3 c (new)

Directive 2003/87/EC
Article 10 – paragraph 3

(3b) in Article 10, paragraph 3 is replaced by the following: "3. Member States shall determine the use of revenues generated from the auctioning of allowances~~. At least~~ in accordance with the arrangements provided for in paragraphs 3a and 3b. 3a. 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c), or the equivalent in financial value of these revenues, sh~~ould~~all be used for one or more of the following: (a) to reduce greenhouse gas emissions, including by contributing to the Global Energy Efficiency and Renewable Energy Fund and to the Adaptation Fund as made operational by the Poznan Conference on Climate Change (COP 14 and COP/MOP 4), to adapt to the impacts of climate change and to fund research and development as well as ~~demonstration projects~~projects that have proven to be effective for reducing emissions and for adaptation and building community resilience to climate change, including participation in initiatives within the framework of the European Strategic Energy Technology Plan and the European Technology Platforms; (b) to develop renewable energies to meet the commitment of the Community to using 20 % renewable energies by 2020, as well as to develop other technologies contributing to the transition to a safe and sustainable low-carbon economy and to help meet the commitment of the Community to increase energy efficiency by 20 % by 2020; (c) measures to avoid deforestation and increase afforestation and reforestation in developing countries that have ratified the international agreement on climate change, to transfer technologies and to facilitate adaptation to the adverse effects of climate change in these countries; (d) forestry sequestration in the Community~~; (e) the environmentally safe capture and geological storage of CO2,~~ and the use of biochar where this ins p~~articular from solid fossil fuel power stations and a~~ ermitted under national legislation; (f) to encourange ~~of industrial sectors and subsectors, including in third countries; (f) to encourage a shift to low-emission and public~~the development of an integrated transport system which should include low-emission and public/collective and private forms of transport; (g) to finance research and development in energy efficiency and clean technologies in the sectors covered by this Directive, in particular in the sectors and subsectors referred to in Article 10a(15), provided that they are removed from the list referred to in Article 10a(13); (h) measures intended to increase energy efficiency and insulation or to provide financial support in order to address social aspects in lower and middle income households; (i) to cover administrative expenses of the management of the Community scheme. Member States shall be deemed to have fulfilled the provisions of this paragraph if they have in place and implement fiscal or financial support policies, including in particular in developing countries, or domestic regulatory policies, which leverage financial support, established for the purposes set out in the first subparagraph and which have a value equivalent to at least3b. The remaining 50 % of the revenues generated from the auctioning of allowances referred to in paragraph 2, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c)~~. Member States shall inform the Commission as to the use of revenues and the actions taken pursuant to this paragraph in their reports submitted under Decision No 280/2004/EC.~~, or the equivalent in financial value of these revenues, shall be used for one or both of the following: (a) to support the local authorities, companies and communities in repairing the material and health-related damage caused by issues relating to climate change, including damage to crops; (b) to finance measures to rehabilitate hydrogeological systems and make the land safe."

Amendment 182 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO, Nicola CAPUTO

Proposal for a decision
Article 2 – paragraph 1 – point 3 d (new)

Directive 2003/87/EC
Article 10 – paragraph 3 – point - a (new)

3d. In Article 10(3), the following point shall be inserted: "(-a) to establish a fund dedicated to the innovation and modernisation of energy- intensive installations, in particular in the sectors and sub-sectors referred to in Article 10a(15);"

Amendment 183 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Article 2 – paragraph 1 – point 3 e (new)

Directive 2003/87/EC
Article 10 – paragraph 3 – subparagraph 2

3e. In Article 10(3), the second subparagraph is replaced by the following: "Member States shall be deemed to have fulfilled the provisions of this paragraph if they have in place and implement fiscal or financial support policies, including in particular in developing countries, or domestic regulatory policies, which leverage financial support, established for the purposes set out in the first subparagraph and which have a value equivalent to a~~t least 50 % of the~~ll revenues generated from the auctioning of allowances referred to in paragraph 2~~, including all revenues from the auctioning referred to in paragraph 2, points (b) and (c)~~."

Amendment 184 #

Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ, Merja KYLLÖNEN

Proposal for a decision
Article 2 – paragraph 1 – point 3 f (new)

Directive 2003/87/EC
Article 10 – paragraph 4 – subparagraph 1

3f. In Article 10(4), the first subparagraph is replaced by the following: "4. By 30 June 2010, the Commission shall adopt a regulation on timing, administration and other aspects of auctioning to ensure that it is conducted in an open, transparent, harmonised and non- discriminatory manner. To this end, the process should be predictable, in particular as regards the timing and sequencing of auctions and the estimated volumes of allowances to be made available. 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 referred to in Article 13(1) 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. These allowances shall be placed directly into the market stability reserve established by Decision [OPEU please insert number of this Decision when known]."

Amendment 185 #

Proposal for a decision
Article 2 – paragraph 1 – point 3 g (new)

Directive 2003/87/EC
Article 10 – paragraph 4 – subparagraph 1 a (new)

3g. In Article 10(4), the following subparagraph shall be inserted after the first subparagraph: "Where the Commission has carried out the adaptation referred to in the first subparagraph, an amount of allowances corresponding to the increase of allowances in 2019 and 2020 as set out in Annex IV to Commission Regulation (EU) No 1031/2010 * shall be placed in the market stability reserve established by Decision [OPEU please insert number of this Decision when known]." __________________ * Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community (OJ L 302, 18.11.2010, p. 1)."

Amendment 186 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Article 2 – paragraph 1 – point 3 h (new)

Directive 2003/87/EC
Article 10 – paragraph 5

3h. Article 10(5) is replaced by the following: 5. The Commission shall monitor the functioning of the European carbon market. Each year, it shall submit a report to the European Parliament and to the Council on the functioning of the carbon market including the implementation of the auctions, liquidity and the volumes traded. If necessary, the market stability reserve shall be used to compensate for any amount of allowances exceeding the threshold defined in the points (a) and (b). Member States shall ensure that any relevant information is submitted to the Commission at least two months before the Commission adopts the report.

Amendment 187 #

Proposal for a decision
Article 2 – paragraph 1 – point 3 i (new)

Directive 2003/87/EC
Article 10 a – paragraph 6 – subparagraph 1

~~"6. Member States may also adopt financial measures~~3 i. In Article 10a(6), the first subparagraph is replaced by the following: "6. Member States shall adopt harmonised financial measures, including measures relating to the use of revenues generated from the auctioning of allowances, in favour of sectors or subsectors determined to be exposed to a significant risk of carbon leakage due to the costs relating to greenhouse gas emissions passed on in electricity prices, in order to compensate for those costs ~~and where such financial measures are in accordance with state aid rules applicable and to be adopted in this area~~."

Amendment 188 #

Proposal for a decision
Article 2 – paragraph 1 – point 4

Directive 2003/87/EC
Article 13 – paragraph 2 – subparagraph 2

~~Similarly,~~30 % of the allowances held in the market stability reserve established by Decision [OPEU please insert number of this Decision when known] and which are no longer valid shall be replaced by allowances which are valid for the current period.

Amendment 189 #

Proposal for a decision
Article 2 – paragraph 1 – point 4 a (new)

4a. In Article 29a the following paragraph is added after paragraph 1: "1a. If the average allowances price from quarter x is higher than EUR 20, in a quarter x+2 the transferring allowances into the market stability reserve shall be suspended by changing the auction volumes of allowances which are not the result from the latest application of the market stability reserve mechanism. Such suspension shall be reflected in the auction calendar volumes until the average allowances price fall below such threshold."

Amendment 19 #

Valentinas MAZURONIS

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 20127 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 COM(2012) 652 final. COM(2012) 652 final. 8 Insert reference.

Amendment 190 #

Paul RÜBIG

Proposal for a decision
Article 2 a (new)

Article 2a Review Within six months from the entry into force of this Decision [insert number of this Decision when known], the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions, including the continuation of free allocation of allowances, a better reflection of changing production levels, a periodical review of benchmarks, in order to avoid undue direct and indirect carbon costs due to carbon leakage and to incentivise best performance.

Amendment 191 #

Miroslav MIKOLÁŠIK

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC Within six months from the entry into force of this Decision (insert number of this Decision when known), the Commission shall review Directive 2003/87/EC, and shall, in accordance with the ordinary legislative procedure submit a proposal to the European Parliament and the Council, in particular with regard to carbon leakage provisions, ensuring that sectors at risk of carbon leakage, at least at the level of best performers, have no direct and indirect additional costs resulting from the Directive.

Amendment 192 #

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By 1 January 2017, the Commission shall review and propose to amend Directive 2003/87/EC, in view of effectively preventing carbon leakage, introducing a more dynamic allocation of allowances and incentivising carbon-efficient growth. The review shall ensure that carbon leakage provisions do not contribute to the over-supply of allowances, and that best performers do not face direct or indirect additional costs based on technically achievable benchmarks.

Amendment 193 #

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...+ , the Commission shall review Directive 2003/87/EC with particular regard to carbon leakage provisions and the continuation of free allocations, better reflecting changing production levels and incentivising the most efficient performance taking into account direct and indirect carbon costs, as well as the purpose of the back-loaded allowances, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. __________________ + OJ: Please, insert the date: six months from the entry into force of this Decision.

Amendment 194 #

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...+, the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions and the continuation of free allocations, better reflecting changing production levels and incentivising the most efficient performance taking into account direct and indirect carbon costs, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. __________________ + OJ: Please, insert the date: six months from the entry into force of this Decision.

Amendment 195 #

Peter LIESE, Karl-Heinz FLORENZ, Miroslav MIKOLÁŠIK, Bendt BENDTSEN, Alojz PETERLE, György HÖLVÉNYI

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC Within nine months of this Decision entering into force, the Commission shall carry out a review of Directive 2003/87/EC with a view to protecting sectors at risk of carbon leakage by: 1) ensuring the allocation of free allowances after 2020 using technologically and economically feasible benchmarks and taking into account the possibility of applying them to changing levels of production in different sectors; 2) removing the intersectoral correction factor; 3) introducing a system to offset losses connected with the transfer of costs to these sectors via the energy sector. If necessary, the Commission shall present a legislative proposal to the European Parliament and the Council in accordance with the ordinary legislative procedure.

Amendment 196 #

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...+, the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions and the continuation of free allocations, better reflecting changing production levels and incentivising the most efficient performance taking into account direct and indirect carbon costs, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. ________________ + OJ: Please, insert the date: six months from the entry into force of this Decision.

Amendment 197 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Pilar AYUSO, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC Within six months of the entry into force of this Decision [insert number of this Decision when known] and no later than mid-2015, the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions and the need for continuation after 2020 of free allocations for direct costs for the most efficient installations, thereby better reflecting changing production levels. In that review, the Commission shall also take into account harmonised measures at the Union level for indirect carbon costs so as to avoid any distortions in the internal market. In accordance with the ordinary legislative procedure, the Commission shall submit a proposal to the European Parliament and the Council in this respect.

Amendment 198 #

Proposal for a decision
Article 2 a (new)

Article 2a Review of Directive 2003/87/EC By ...+, the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions and the continuation of free allocations, in order to establish a harmonised framework for tackling carbon leakage that better reflects the changing production levels and incentivises the most efficient performance, taking into account direct and indirect carbon costs, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. ________________ + OJ: please insert the date: six months from the entry into force of this Decision.

Amendment 199 #

Proposal for a decision
Article 2 b (new)

Article 2b Review of state aid rules By 1 January 2017, the Commission shall review state-aid rules in view of harmonising the off-set of indirect costs in all Member States at EU-level. A proposal shall be submitted to the European Parliament and the Council.

Amendment 20 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 210127 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-2 should be put into the reserve. A corresponding number of allowances should be released from the__________________ 7 COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert resfer~~ve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8~~ence.

Amendment 200 #

Proposal for a decision
Article 3 – title

Review of the market stability reserve

Amendment 201 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 3 – title

Review of the market stability reserve

Amendment 202 #

Proposal for a decision
Article 3 – paragraph 1

Amendment 203 #

Proposal for a decision
Article 3 – paragraph 1

Amendment 204 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026~~Within three years of the date of establishment of the market stability reserve, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the impacts of important market drivers and the impacts of other energy and environmental policies on the EU ETS in order to assess the correct functioning of the market and to check consistency between all energy or environmental policies. It shall also pay attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).

Amendment 205 #

Proposal for a decision
Article 3 – paragraph 1

By 31 December 202619, the Commission shall, on the basis of an analysis of the orderly functioning of the European carbon market, review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).

Amendment 206 #

Proposal for a decision
Article 3 – paragraph 1

By 31 December 20262, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4). In its review, the Commission shall also look into the impact of the market stability reserve on the sectors at risk of carbon leakage.

Amendment 207 #

Proposal for a decision
Article 3 – paragraph 1

Amendment 208 #

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026~~Within three years of the market stability reserve becoming fully operational, the Commission shall, on the basis of an analysis of the orderly functioning of the European carbon market, review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4). with the aim of determining the effectiveness of the market stability reserve and its proportionality with respect to the impact on sectors at risk of carbon leakage and the situation of households.

Amendment 209 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 3 – paragraph 1

By 31 December 20260, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the mMarket sStability rReserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).

Amendment 21 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ~~ensure regulatory certainty as regards auction supply in phase 3 and~~ allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of ~~phase 4 starting in 2021~~2017. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 1233% of the number of allowances in circulation in year x-21 minus 833 million should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 COM(2012)652 final. 8 Insert reference.

Amendment 210 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026~~Within three years of the date of establishment of the market stability reserve, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall ~~pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the~~ include a detailed assessment of the impact of important demand drivers, including other environmental, energy and climate policies, and the monitoring of the impact of the market stability reserve in the context of the annual carbon market report. The review shall pay particular attention to the extent to which Article 1(3) and (4) are appropriate with re~~shold for the total number of allowances in circulation set by Article 1(4)~~gard to the objective of tackling structural supply- demand imbalances.

Amendment 211 #

Proposal for a decision
Article 3 – paragraph 1

By 31 December 20262, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4). A periodic review of the settings of the market stability reserve, two years before the start of every new phase, is necessary in order to ensure the settings remain appropriate whilst preserving certainty for the market.

Amendment 212 #

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026~~Within three years of the date of establishment of the market stability reserve, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4)extent to which Article 1(3) and (4) are appropriate with regard to the objective of tackling structural supply-demand imbalances.

Amendment 213 #

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026,~~Within five years of the establishment, or before the start of a new trading phase the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4) as well as take into account the effects on European competitiveness.

Amendment 214 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Article 3 – paragraph 1

By 31 December 2026, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve (including its possible impact on carbon leakage also on indirect costs, the effect on industrial competitiveness and on the encouragement of cost-efficient measures under the ETS) and submit a proposal, where appropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4).

Amendment 215 #

Proposal for a decision
Article 3 – paragraph 1

~~By 31 December 2026, the Commission shall on the basis of an analysis of the orderly functioning of the European carbon market review the market stability reserve and submit a proposal, wher~~Three years after the entry into force of the market stability reserve, the Commission shall review the functioning of Directive 2003/87/EC on the basis of the experience gained and taking into account the operational anomalies that were deemed necessary to prevent carbon leakage and to take artificial action on the emissions trading market. The review should assess, in particular, whether the cappropriate, to the European Parliament and to the Council. The review shall pay particular attention to the percentage figure for the determination of the number of allowances to be placed into the reserve according to Article 1(3) and the numerical value of the threshold for the total number of allowances in circulation set by Article 1(4)-and-trade system meets the greenhouse gas emissions reduction requirements of the industrial sectors concerned and should assess the option of establishing a CO2 price at EU level, given that greenhouse gases cannot be regarded as tangible assets. The Commission shall also undertake to submit a price adjustment plan regarding imports of goods from sectors at risk of carbon leakage to ensure there is a level playing field in relation to goods from countries which do not have additional production costs for curbing greenhouse gas emissions. The plan should provide for a refund of costs due to the ETS for goods from sectors exposed to carbon leakage that are exported to countries which have no additional production costs for curbing greenhouse gas emissions.

Amendment 216 #

Peter LIESE, Sirpa PIETIKÄINEN, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Article 3 – paragraph 1

Amendment 217 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Pavel POC, Giorgos GRAMMATIKAKIS, Nessa CHILDERS, Jo LEINEN, Miriam DALLI

Proposal for a decision
Article 3 – paragraph 1

Amendment 218 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO

Proposal for a decision
Article 3 – paragraph 1 a (new)

By ...* , the Commission shall review Directive 2003/87/EC, taking into account the conclusions of the European Council of 23 and 24 October 2014, in particular with regard to carbon leakage provisions, and the continuation of free allocations, better reflecting changing production levels and incentivising the most efficient performance taking into account direct and indirect carbon costs, and if appropriate shall, in accordance with the ordinary legislative procedure, submit a proposal to the European Parliament and the Council. Both direct and indirect costs will be taken into account so to ensure a global and EU level playing field. __________________ *OJ: Please insert the date: 18 months after the entry into force of this Decision.

Amendment 219 #

Proposal for a decision
Article 3 – paragraph 1 a (new)

By 31 December 2015, the Commission shall also consider whether the establishment of an EU-wide emissions performance standard for the power sector is necessary to ensure an adequate price signal exists to incentivise low carbon investment and where appropriate the Commission shall make a proposal to the European Parliament and to the Council for the establishment of such an EU-wide Emissions Performance Standard.

Amendment 22 #

Seb DANCE, Theresa GRIFFIN, Paul BRANNEN

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. T~~o ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, t~~he market stability reserve should be established as of ~~phase 4 starting in~~the beginning of the year 20217. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert reference.

Amendment 220 #

Proposal for a decision
Article 3 a (new)

Article 3a Emission Performance Standard A large surplus decreases the carbon price signal and does not provide the necessary certainty investors require to invest in the transition towards a low- carbon economy, including energy supply. A stronger carbon price signal is necessary to avoid locking the EU into high carbon capital and investment. Therefore, by 31 December 2015, the Commission shall also consider whether the establishment of an EU wide Emissions Performance Standard for the power sector is necessary to support an adequate price signal to incentivise low carbon investment and where appropriate the Commission shall make a proposal to the European Parliament and to the Council for the establishment of such an EU - wide Emissions Performance Standard.

Amendment 221 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 222 #

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 223 #

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 20202.

Amendment 224 #

Peter LIESE, Sirpa PIETIKÄINEN, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 3~~1 December~~0 June 202016.

Amendment 225 #

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 226 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO, Nicola CAPUTO

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 227 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Pavel POC, Giorgos GRAMMATIKAKIS, Nessa CHILDERS, Jo LEINEN, Miriam DALLI

Proposal for a decision
Article 4 – paragraph 1

Article 10(1) of Directive 2003/87/EC as amended by Directive 2009/29/EC shall continue to apply until 31 December 202016.

Amendment 228 #

Proposal for a decision
Article 5 – paragraph 1

This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. Its application shall be simultaneous to the entry into force of the proposal for a Directive modifying the Directive 2003/87/EC (as amended in 2009) to implement the 2030 energy and climate framework.

Amendment 23 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. T~~o ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, t~~he market stability reserve should be established as of ~~phase 4 starting in~~January 20217. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met~~, beginning in 2021,~~ allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ ~~7 8~~7 COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert reference.

Amendment 24 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established ~~as of~~during phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20213, allowances corresponding to 129% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4700 million. __________________ 7 COM(2012) 652 final. 8 Insert reference.

Amendment 25 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8] indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20212, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4600 million. __________________ 7 8COM(2012) 652 final. COM(2012) 652 final. 8 Insert reference. Insert reference.

Amendment 26 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply- demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to makeo ensure the market stability reserve has a quick and significant impact on the European Emissions Trading System ~~more resilient to imbalances~~, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in as of 1 July 2016. Without early introduction, projections show that the amount of surplus allowances would not fall below the current levels until 20215. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning inas of 1 July 20216, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4300 million. ~~__________________ 7 COM(2012) 652 final. 8 Insert reference.~~

Amendment 27 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021 as of January 2017. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 COM(2012)652 final. 8 Insert reference.

Amendment 28 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert reference.

Amendment 29 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 1230% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4200 million. __________________ 7 COM(2012)652 final. 8 Insert reference.

Amendment 30 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of phase 4 starting in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 2021, allowances corresponding to 12% of the number of allowances in circulation inat the end of year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4800 million. __________________ 7 8COM(2012)652 final. COM(2012)652 final. 8 Insert reference. Insert reference.

Amendment 31 #

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21021 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework2 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as ~~of phase 4 starting in 2021~~soon as possible. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20~~21,~~16. allowances corresponding to 125% of the number of allowances in circulation in year x-21 should be put into the reserve. ~~A corresponding number of~~50 million allowances should be released from the reserve when the total number of allowances in circulation is lower than 4300 million. __________________ 8 Insert reference.

Amendment 32 #

Peter LIESE, Sirpa PIETIKÄINEN, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more, thereby preventing the ETS from delivering the necessary investment signal to reduce CO2 emissions in a cost efficient manner. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as of ~~phase 4 starting in 2021~~2017. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 12% of the number of allowances in circulation in year x-2 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 COM(2012)652 final. 8 Insert reference.

Amendment 33 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21021 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework2 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission trading System more resilient to imbalances, a market stability reserve should be established. To ensure regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market stability reserve should be established as during phase 3, so as to establish the benefits thereof before the launch of phase 4 ~~starting~~ in 2021. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 12% of the number of allowances in circulation in year x-21 should therefore be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 400 million. __________________ 7 8COM(2012) 652 final. COM(2012)0652. 8 Insert reference. Insert reference.

Amendment 34 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Pavel POC, Giorgos GRAMMATIKAKIS, Nessa CHILDERS, Jo LEINEN, Nicola CAPUTO, Miriam DALLI

Proposal for a decision
Recital 2

(2) The report from the Commission to the European Parliament and the Council on the state of the European carbon market in 21027 identified the need for measures in order to tackle structural supply-demand imbalances. The impact assessment on the 2030 climate and energy policy framework8 indicates that this imbalance is expected to continue, and would not be sufficiently addressed by adapting the linear trajectory to a more stringent target within this framework. A change in the linear factor only changes gradually the cap. Accordingly, the surplus would also only gradually decline, such that the market would have to continue to operate for more than a decade with a surplus of around 2 billion allowances or more. In order to address this problem and to make the European Emission Trading System more resilient to imbalances, a market stability reserve should be established. To ensure ~~regulatory certainty as regards auction supply in phase 3 and allow for some lead-time adjusting to the introduction of the design change, the market~~ the market stability reserve has a quick and significant impact on the European Emission Trading System it should be established as of 2017. Without early estabili~~ty reserve should be establis~~shment of the reserve, projections show that thed a~~s of phase 4 starting in~~mount of surplus allowances would not fall below current levels until 20215. In order to preserve a maximum degree of predictability, clear rules should be set for placing allowances into the reserve and releasing them from the reserve. Where the conditions are met, beginning in 20217, allowances corresponding to 120% of the number of allowances in circulation in year x-21 should be put into the reserve. A corresponding number of allowances should be released from the reserve when the total number of allowances in circulation is lower than 4300 million. __________________ 7 COM(2012)652 final. 8 Insert reference.

Amendment 35 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Recital 2 a (new)

(2a) By 1 January 2017, the Commission should review the provisions for free allocation, in view of effectively preventing carbon leakage, introducing a more dynamic methodology that prevents over-allocation and incentivising carbon- efficient growth. While the market stability reserve helps to overcome the structural imbalance of supply and demand that stems from free allocation based on historical activity levels, it does not incentivise carbon efficient growth, nor prevent carbon leakage. The review should ensure that best performers do not have direct or indirect additional costs, but receive full free allocation of technically achievable benchmarks.

Amendment 36 #

Proposal for a decision
Recital 2 a (new)

(2a) The allowances that were backloaded from 2014-2016 in accordance with Decision No 1359/2013/EU of the European Parliament and of the Council and Commission Regulation (EU) No 176/2014, should be directly placed into the market stability reserve, in order to provide stability and a clear signal with regard to the auctioned amounts of allowances.

Amendment 37 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO

Proposal for a decision
Recital 2 a (new)

(2a) In the European Council conclusions of 21 March 2014 it is stated that ‘Europe needs a strong and competitive industrial base, in terms of both production and investment, as a key driver for economic growth and jobs’. In its 2012 communication on ‘A Stronger European Industry for Growth and Economic Recovery’1a the Commission set the goal of raising the share of industry in GDP from 16% to 20% by 2020. Two years later, in its communication entitled ‘For a European Industrial Renaissance’1b, the Commission acknowledged that the share had fallen in the meantime and was around 15%. It is important that the ETS market stability reserve does not become another factor undermining industrial competitiveness in the EU. ___________________________ 1a COM(2012)0582. 1b COM(2014)0014.

Amendment 38 #

Proposal for a decision
Recital 2 a (new)

(2a) The auctioning of the allowances back-loaded to 2019 and 2020 in accordance with Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010, so as to determine in particular the greenhouse gas emission allowance volumes to be auctioned in 2013-2020,1a would be counterproductive. Accordingly, the back-loaded allowances should be placed in the market stability reserve when it becomes operational. _______________ 1a OJ L 56, 26.2.2014, p 11.

Amendment 39 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Recital 3

(3) Furthermore, in addition to the establishment of the market stability reserve, a few consequential amendments should be made to Directive 2003/87/EC to ensure consistency and smooth operation of the ETS. In particular, the operation of Directive 2003/87/EC may lead to large volumes of allowances to be auctioned at the end of each trading period which can undermine market stability. Accordingly, in order to avoid an imbalanced market situation of supply of allowances at the end of one trading period and the beginning of the next with possibly disruptive effects for the market, provision should be made for the auctioning of part of any large increase of supply at the end of one trading period in the first two years of the next period. Moreover, in order to avoid an imbalanced market situation of supply of allowances, the backloaded allowances should be placed directly into the market stability reserve.

Amendment 40 #

Seb DANCE, Theresa GRIFFIN, Paul BRANNEN

Proposal for a decision
Recital 3

(3) Furthermore, in addition to the establishment of the market stability reserve, a few consequential amendments should be made to Directive 2003/87/EC to ensure consistency and smooth operation of the ETS. In particular, the operation of Directive 2003/87/EC may lead to large volumes of allowances to be auctioned at the end of each trading period which can undermine market stability. Accordingly, in order to avoid an imbalanced market situation of supply of allowances ~~at the end of one trading period and the beginning of the next~~ with possibly disruptive effects for the market, provision should be made for ~~the auction~~cancelling of part of any large increase ofin supply at the end of one trading ~~period in the first two years of the next~~ period.

Amendment 41 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Recital 3

(3) Furthermore, in addition to the establishment of the market stability reserve, a few consequential amendments should be made to Directive 2003/87/EC to ensure consistency and smooth operation of the ETS. In particular, the operation of Directive 2003/87/EC may lead to large volumes of allowances to be auctioned at the end of each trading period which can undermine market stability. Accordingly, in order to avoid an imbalanced market situation of supply of allowances at the end of one trading period and the beginning of the next with possibly disruptive effects for the market, provision should be made for ~~the auctioning of part of~~cancelling any large increase of supply at the end of one trading ~~period in the first two years of the next~~ period.

Amendment 42 #

Proposal for a decision
Recital 3

(3) Furthermore, in addition to the establishment of the market stability reserve, a few consequential amendments should be made to Directive 2003/87/EC to ensure consistency and smooth operation of the ETS. In particular, the operation of Directive 2003/87/EC may lead to large volumes of allowances to be auctioned at the end of each trading period which can undermine market stability. Accordingly, in order to avoid an imbalanced market situation of supply of allowances at the end of one trading period and the beginning of the next with possibly disruptive effects for the market, provision should be made for the ~~auctioning of~~cancellation of at least part of any large increase of supply at the end of one trading ~~period in the first two years of the next~~ period.

Amendment 43 #

Proposal for a decision
Recital 3 a (new)

(3a) As the European Council conclusions of 23 and 24 October 2014 confirm, Member States have agreed that EU ETS "existing measures will continue after 2020 to prevent the risk of carbon leakage due to climate policy". The Commission should ensure that the functioning of the market stability reserve does not work against measures to prevent the risk of carbon leakage from industrial sectors exposed to the risk of carbon leakage.

Amendment 44 #

Proposal for a decision
Recital 3 a (new)

(3a) The European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions after 2020 and in this context, the Commission should improve transparency in the calculations concerning the Cross-Sectoral Correction Factor (CSCF) and further analyse the impact of the application of the CSCF subsequent to 2020 and, if appropriate should propose measures to ensure support for industries exposed to any potential loss of competitiveness arising from the application of the CSCF.

Amendment 45 #

Proposal for a decision
Recital 3 a (new)

(3a) A large surplus decreases the carbon price signal and does not provide the necessary certainty investors require to invest in the transition towards a low- carbon economy, including energy supply. A stronger carbon price signal is necessary to avoid locking the EU into high carbon capital and investment. The establishment of the market stability reserve is not expected to avoid such lock in. Therefore, by 31 December 2015, the Commission should make a proposal for an EU-wide Emissions Performance Standard for the power sector by 31 December 2016, with the aim of the proposed act entering into force by 2018. Such a proposal should minimise any negative impact on the EU's competitiveness while taking into account the potential environmental benefits.

Amendment 46 #

Proposal for a decision
Recital 3 a (new)

(3a) In order to prevent excessive price increases resulting from the application of the market stability reserve mechanism and to avoid a rapid increase in electricity prices as well as to reduce the threat of carbon leakage, a safety buffer in a form of the price control mechanism should be part of the market stability reserve. The price control mechanism as an integral part of the market stability reserve should introduce a price threshold of max. EUR 20, above which the placing of allowances in the reserve should be suspended until the price of an allowance falls below such threshold.

Amendment 47 #

Proposal for a decision
Recital 3 a (new)

(3a) Allowances that are backloaded in accordance with Decision No 1359/2013/EU of the European Parliament and of the Council 1a and Commission Regulation (EU) No 176/20141b should be cancelled in order to limit large fluctuations of the carbon price in the future and in order to prevent the flooding of an already oversupplied market in 2019 and 2020. __________________ 1a Decision No 1359/2013/EU of the European Parliament and of the Council of 17 December 2013 amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances (OJ L 343, 19.12.2013, p. 1.) 1b Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-20 (OJ L 56, 26.2.2014, p. 11).

Amendment 48 #

Annie SCHREIJER-PIERIK

Proposal for a decision
Recital 3 a (new)

(3a) The Commission Regulation (EU) No 176/2014 has back-loaded 900 million allowances to the end of the ETS phase 3. The impact of the auctioning of these back-loaded allowances in 2019 and 2020 would run counter to the desired effect of the current proposal for a market stability reserve. Therefore, the backloaded allowances should not be auctioned but instead taken up in the market stability reserve.

Amendment 49 #

Proposal for a decision
Recital 3 a (new)

(3a) In the light of the ETS reform that is envisaged by the introduction of the market stability reserve, and in particular, the reduction in the surplus of allowances, the auctioning of the allowances back-loaded to 2019 and 2020 in accordance with Commission Regulation (EU) No 176/20141a , would be counterproductive. Accordingly, the back- loaded allowances should be withheld and their purpose determined within the review of Directive 2003/87/EC. __________________ 1aCommission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-2020 (OJ L 56, 26.2.2014, p. 11).

Amendment 50 #

Proposal for a decision
Recital 3 a (new)

(3a) Due to indirect costs relating to greenhouse gas emissions passed on in electricity prices, the Commission should consider a review of the lists of sectors and subsectors deemed to be exposed to a significant risk of carbon leakage in Annex II of the state aid guidelines 2012/C158/04 for electricity price compensation. The review should aim at ensuring consistency with eligible sectors listed under Section 3.7.2 of the state aid guidelines 2014/C200/01 for environmental protection and energy because of risks to their competitive position due to high electro-intensity. Sectors or subsectors exposed to a risk of carbon leakage, in which the sum of indirect additional costs would lead to a particularly high increase of production costs, calculated as a proportion of the gross value added, of at least 30% should also be taken into account in order to fully compensate for these costs.

Amendment 51 #

Peter LIESE, Karl-Heinz FLORENZ, Miroslav MIKOLÁŠIK, Bendt BENDTSEN, György HÖLVÉNYI, Alojz PETERLE

Proposal for a decision
Recital 3 a (new)

(3a) The European Parliament in its resolution of 4 February 2014 on the Action Plan for a competitive and sustainable steel industry in Europe stressed that "the application of the cross- sectoral correction factor, which demonstrates that for industry the target is not achievable even with the best available technologies currently applied in Europe, with the result that even the most efficient installations in Europe may have additional costs". In order to avoid a dilution of the provisions of Article 10a of Directive 2003/87/EC, the application of the uniform cross-sectoral reduction factor should be suspended.

Amendment 52 #

Miroslav MIKOLÁŠIK

Proposal for a decision
Recital 3 a (new)

(3a) In its resolution of 4 February 2014 (2013/2177(INI)) the European Parliament "stresses that the Commission should address more concretely and in detail the issue of carbon leakage, that the 2030 climate and energy policy targets must be technically and economically feasible for EU industries and that best performers should have no direct or indirect additional costs resulting from climate policies". It also "stresses that the provisions for carbon leakage should provide 100% free allocation of technically achievable benchmarks, with no reduction factor for carbon leakage sectors". It is of paramount importance that the Commission reviews the functioning of Directive 2003/87/EC, in this respect.

Amendment 53 #

Proposal for a decision
Recital 3 a (new)

Amendment 54 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Recital 3 a (new)

(3a) In line with the European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework, and given the considerable efforts necessary to combat climate change and to adapt to its inevitable effects, and also given both the direct and indirect costs that the ETS entails for companies, it is appropriate that the entirety of the revenues generated from the auctioning of allowances be used primarily to compensate for indirect costs passed on in electricity prices as well as to reduce greenhouse gas emissions.

Amendment 55 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Seb DANCE, Guillaume BALAS, Nicola CAPUTO, Nessa CHILDERS, Pavel POC, Jo LEINEN

Proposal for a decision
Recital 3 a (new)

(3a) Allowances that are backloaded in accordance with Decision No 1359/2013/EU of the European Parliament and of the Council1a and Commission Regulation (EU) No 176/20141b should be cancelled in order to limit large fluctuations of the carbon price in the future and in order to prevent the flooding of an already oversupplied market in 2019 and 2020. __________________ 1aDecision No 1359/2013/EU of the European Parliament and of the Council of 17 December 2013 amending Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances (OJ L 343, 19.12.2013, p. 1). 1b Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-20 (OJ L 56, 26.2.2014, p. 11).

Amendment 56 #

Proposal for a decision
Recital 3 a (new)

(3a) Clear conditions must be established for retaining the back-loaded allowances in the market stability reserve, in particular providing for use of these allowances in tackling carbon leakage in the period after 2020.

Amendment 57 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO, Nicola CAPUTO

Proposal for a decision
Recital 3 a (new)

(3a) In pursuing the goal of creating a single energy market, it is necessary to overcome the distortions caused by the current funding mechanism in favour of sectors or sub-sectors deemed to be at significant risk of carbon leakage owing to the knock-on effect on electricity prices of greenhouse gas emissions costs. Further amendments to Directive 2003/87/EC are therefore necessary and the Commission should accordingly propose harmonised arrangements at EU level, different from the mechanism currently governed by state aid rules, which could enter into force at the start of phase 4 in 2021.

Amendment 58 #

Proposal for a decision
Recital 3 b (new)

(3b) In its conclusions of 21 March 2014 the European Council emphasised that Europe needs a strong and competitive industrial base as a key driver for economic growth and jobs and that industrial competitiveness concerns should be systematically mainstreamed across all EU policy areas. The European Council invited the Council and the Commission rapidly to develop measures to prevent potential carbon leakage and called for long-term planning security for industrial investment in order to ensure the competitiveness of Europe's energy- intensive industries. It also stressed that a coherent European energy and climate policy must address the issue of high energy costs – in particular for energy- intensive industries – and ensure affordable energy prices.

Amendment 59 #

Seb DANCE, Theresa GRIFFIN, Paul BRANNEN

Proposal for a decision
Recital 3 b (new)

(3b) The European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations to the energy sector in Member States with GDP per capita below 60% of the EU average. The ETS reform that is envisaged by the introduction of the market stability reserve should be carried out without prejudice to optional transitional free allocations no more than 40% of the allowances allocated under paragraph 2.9 of the European Council conclusions of 23 and 24 October 2014 aimed at promoting real investments modernising the energy sector, while avoiding distortions of the internal energy market.

Amendment 60 #

Proposal for a decision
Recital 3 b (new)

(3b) The establishment of the market stability reserve does not affect the allocation of free allowances to industry at risk of carbon leakage and only tackles the volume of allowances that are auctioned. Any genuine risk of carbon leakage should fully be addressed as part the wider structural reform of the Emission Trading System in preparation for 2021. Until 2020, industry sectors which have been defined as being at risk of carbon leakage and which meet the relevant benchmarks, are protected by provisions in place which guarantee 100% free allowances. Guarantees to extend the existing carbon leakage measures have already been given in the Conclusions of the October 2014 European Council.

Amendment 61 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Recital 3 b (new)

(3b) It is of paramount importance that the Commission reviews the functioning of Directive 2003/87/EC, regarding in particular the continuation of free allocations and carbon leakage provisions after 2020.

Amendment 62 #

Annie SCHREIJER-PIERIK

Proposal for a decision
Recital 3 b (new)

(3b) The current carbon leakage regime has the side-effect of penalising EU industry when its production grows and does not fully reward the most carbon efficient installations because of the cross sectoral correction factor. A more accurate system should be considered together with the review of the carbon leakage regime.

Amendment 63 #

Proposal for a decision
Recital 3 b (new)

(3b) Certain installations which have been determined to be exposed to a significant risk of carbon leakage for costs related to greenhouse gas emissions passed on in electricity prices should be compensated through harmonised financial measures, including measures relating to the use of the revenues generated from the auctioning of allowances.

Amendment 64 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Seb DANCE, Nessa CHILDERS, Miriam DALLI, Jo LEINEN, Giorgos GRAMMATIKAKIS

Proposal for a decision
Recital 3 b (new)

(3b) The European Council Conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions after 2020. It is important that the competitiveness of European industries at genuine risk of carbon leakage is protected. Proportionate measures should, therefore, be put in place in order to shelter such industries from any negative impact on their competitiveness. Such measures should reflect the carbon price prevailing at the time of their introduction in order to ensure their effectiveness and to respect environmental integrity. It is, therefore, important that the Commission review the functioning of Directive 2003/87/EC in this respect.

Amendment 65 #

Proposal for a decision
Recital 3 b (new)

(3b) The European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions after 2020, stating that ‘the most efficient installations in the sectors at risk of losing international competitiveness should not face undue carbon costs leading to carbon leakage’ and that ‘future allocations will ensure better alignment with changing production levels in different sectors’ and ‘at the same time, incentives for industry to innovate will be fully preserved and administrative complexity will not be increased.’ In this connection it is of crucial importance that the Commission reviews the operation of Directive 2003/87/EC in these areas and if necessary steers it towards a harmonised framework for tackling carbon leakage after 2020.

Amendment 66 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO, Nicola CAPUTO

Proposal for a decision
Recital 3 b (new)

(3b) EU-harmonised measures different from the current state aid mechanism should be put in place so as to secure a fully level playing field, and to offset, in all Member States, carbon costs passed on through electricity bills.

Amendment 67 #

Proposal for a decision
Recital 3 c (new)

(3c) Given the costs relating to greenhouse gas emissions passed on to final consumers via electricity prices, the Commission should consider forms of compensation other than financial measures, which are not working well. Among the measures to consider would be that of reserving a sufficient proportion of the Union-wide quantity of allowances for the sectors and subsectors deemed to be exposed to a significant risk of carbon leakage.

Amendment 68 #

Proposal for a decision
Recital 3 c (new)

(3c) The European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions after 2020, stating that "the most efficient installations in the sectors at risk of losing international competitiveness should not face undue carbon costs leading to carbon leakage" and that "future allocations will ensure better alignment with changing production levels in different sectors" and "at the same time, incentives for industry to innovate will be fully preserved and administrative complexity will not be increased." The conclusions further underline that both direct and indirect costs for the respective industry sectors will be taken into account as well as the need for affordable energy prices. It is of paramount importance that the Commission reviews the functioning of Directive 2003/87/EC, in that respect.

Amendment 69 #

Proposal for a decision
Recital 4

(4) The Commission should review the functioning of the market stability reserve in relation to its operation in the light of experience of its application. The review of the functioning of the market stability reserve should in particular consider whether the rules on placing allowances in the reserve are appropriate with regard to the aim pursued to tackle structural supply- demand imbalances, and consider whether the current allowance price provides an appropriate incentive for low carbon investment. Where the allowance price is not at the required level, such a review should also consider the need for the establishment of an EU-wide emissions performance standard for the power sector.

Amendment 70 #

Proposal for a decision
Recital 4

(4) The Commission should review the functioning of the market stability reserve in relation to its operation in the light of experience of its application. The review of the functioning of the market stability reserve should in particular consider whether the rules on placing and releasing allowances in and from the reserve are appropriate with regard to the ~~aim pursued to tackle structural supply-demand imbalances~~current economic situation. Costs for consumers resulting from the development of CO2 prices should be duly taken into account. In that context the state of global climate change negotiations and possible ETS links with other carbon markets should be taken into account.

Amendment 71 #

Eleonora EVI, Marco AFFRONTE, Piernicola PEDICINI, Dario TAMBURRANO, David BORRELLI

Proposal for a decision
Recital 4

(4) The Commission should review the functioning of the market stability reserve in relation to its operation in the light of experience of its application. The review of the functioning of the market stability reserve should in particular consider whether the rules on placing and releasing allowances in and from the reserve are appropriate with regard to the aim pursued to tackle structural supply- demand imbalances, taking into account at the same time the impact of the reserve on the economic situation and energy prices for households.

Amendment 72 #

Proposal for a decision
Recital 4

(4) The Commission should ~~review the functioning of the market stability reserve in relation to its operation in the light of experience of its application. The review of the functioning of the market stability reserve should~~begin as soon as possible to review the operation of Directive 87/2003 in the light of experience and taking into account the operational anomalies deemed necessary to avoid carbon leakage and to act artificially on the allowance exchange market. That review should consider in particular ~~consider~~ whether the ~~rules on placing allowances in the reserve are appropriate with regard to the aim pursued to tackle structural supply-demand imbalances.~~ ‘cap & trade’ system responds to the measures necessary to achieve the reduction of greenhouse gas emissions in the industrial sectors concerned, the feasibility of introducing price adjustment mechanisms for imports and exports to and from countries with no greenhouse gas emission regulations and of establishing establish a CO2 price at Union level, given that greenhouse gases cannot be considered tangible property.

Amendment 73 #

Peter LIESE, Sirpa PIETIKÄINEN, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Recital 4

Amendment 74 #

Annie SCHREIJER-PIERIK

Proposal for a decision
Recital 4 a (new)

(4a) The Committee on the Environment, Public Health and Food Safety of the European Parliament decided in its meeting of 24 September 2014 to prolong the current carbon leakage provisions for the period 2015-2019.

Amendment 75 #

Proposal for a decision
Recital 4 a (new)

(4a) Back-loaded allowances in accordance with Regulation (EU) No 176/2014 should not be placed in the market stability reserve.

Amendment 76 #

Proposal for a decision
Recital 4 a (new)

(4a) The European Parliament resolution of 4 February 2014 (2013/2177(INI) stresses "that the Commission should address more concretely and in detail the issue of carbon leakage". The European Council conclusions of 23 and 24 October 2014 on the Climate and Energy Policy Framework give clear guidance on the continuation of free allocations and carbon leakage provisions stating that "the most efficient installations in the sectors at risk of losing international competitiveness should not face undue carbon costs leading to carbon leakage". The Commission should review Directive 2003/87/EC and in particular Article 10a in this respect and ensure that the best performing industries at risk get 100% free allowances on the basis of realistic benchmarks and actual production.

Amendment 77 #

György HÖLVÉNYI

Proposal for a decision
Recital 4 a (new)

(4a) As the European Council conclusions of 23-24 October 2014 confirm, Member States have agreed that EU ETS 'existing measures will continue after 2020 to prevent the risk of carbon leakage due to climate policy'. The Commission should ensure that the functioning of the market stability reserve does not work against measures to prevent the risk of carbon leakage from industrial sectors exposed to the risk of carbon leakage.

Amendment 78 #

György HÖLVÉNYI

Proposal for a decision
Recital 4 b (new)

(4b) The Commission Communication on Regulatory Fitness and Performance Programme (REFIT): State of Play and Outlook states "The challenge is to keep this legislation simple - not to go beyond what is strictly necessary to achieve policy goals and to avoid overlapping layers of regulation". Thus the Commission should ensure that measures within the ETS do not contradict each other.

Amendment 79 #

Elisabetta GARDINI, Françoise GROSSETÊTE, Aldo PATRICIELLO, Giovanni LA VIA

Proposal for a decision
Recital 5

(5) Articles 10 ~~and 13(2)~~, 13(2) and 29a of Directive 2003/87/EC should therefore be amended accordingly, without prejudice to the volumes of allowances that will be distributed among eligible Member States according to the European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework, namely: (a) optional transitional free allocations aimed at promoting real investments modernising the energy sector, while avoiding distortions of the internal energy market; (b) a new reserve of 2% of the EU ETS allowances that will be set aside to address particularly high additional investment needs in low income Member States (GDP per capita below 60% of the EU average in 2013 in EUR at market prices); (c) 10% of the EU ETS allowances that will be auctioned by the Member States for the purposes of solidarity, growth and interconnections and which will be distributed among those countries whose GDP per capita did not exceed 90% of the EU average (in 2013).

Amendment 80 #

Proposal for a decision
Recital 5

(5) ~~Articles 10 and 13(2) of~~ Directive 2003/87/EC should therefore be amended accordingly,

Amendment 81 #

Proposal for a decision
Recital 5 a (new)

Amendment 82 #

Proposal for a decision
Recital 5 a (new)

(5a) As the European Council conclusions of 23-24 October 2014 confirm, Member States have agreed that EU ETS 'existing measures will continue after 2020 to prevent the risk of carbon leakage due to climate policy'. The Commission should ensure that the functioning of the market stability reserve does not work against measures to prevent the risk of carbon leakage from industrial sectors exposed to the risk of carbon leakage.

Amendment 83 #

Proposal for a decision
Recital 5 b (new)

(5b) The Commission Communication on Regulatory Fitness and Performance Programme (REFIT): State of Play and Outlook states "The challenge is to keep this legislation simple - not to go beyond what is strictly necessary to achieve policy goals and to avoid overlapping layers of regulation". Thus the Commission should ensure that measures within the ETS do not contradict each other.

Amendment 84 #

Iratxe GARCÍA PÉREZ

Proposal for a decision
Article 1 – title

Market stability reserve and innovation fund

Amendment 85 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 J~~anuar~~uly 20216.

Amendment 86 #

Merja KYLLÖNEN, Josu JUARISTI ABAUNZ, Stefan ECK, Kateřina KONEČNÁ

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 87 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 88 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 89 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20213.

Amendment 90 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 J~~anuar~~uly 20216.

Amendment 91 #

Gerben-Jan GERBRANDY, Fredrick FEDERLEY, Catherine BEARDER

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20212, on the condition that Directive 2003/87/EC is amended according to the European Council conclusions of 23 and 24 October 2014 on the 2030 Climate and Energy Policy Framework.

Amendment 92 #

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 93 #

Markus PIEPER

Proposal for a decision
Article 1 – paragraph 1

1. AWith full respect to Commission Regulation (EU) 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-20 a market stability reserve is established, and shall operate from the beginning of the next ETS trading period starting on 1 January 2021.

Amendment 94 #

Peter LIESE, Sirpa PIETIKÄINEN, Karl-Heinz FLORENZ, Bendt BENDTSEN, Alojz PETERLE

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 95 #

Giovanni LA VIA

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 96 #

Massimo PAOLUCCI, Renata BRIANO, Simona BONAFÈ, Caterina CHINNICI, Enrico GASBARRA, Paolo DE CASTRO, Nicola CAPUTO

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 97 #

Matthias GROOTE, Claudiu Ciprian TĂNĂSESCU, Theresa GRIFFIN, Jytte GUTELAND, Guillaume BALAS, Nessa CHILDERS, Miriam DALLI, Jo LEINEN, Pavel POC, Giorgos GRAMMATIKAKIS

Proposal for a decision
Article 1 – paragraph 1

1. A market stability reserve is established, and shall operate from 1 January 20217.

Amendment 98 #

Proposal for a decision
Article 1 – paragraph 1 a (new)

1a. The Commission shall ensure that allowances back-loaded in accordance with Commission Regulation (EU) No 176/2014 1a are directly placed in the market stability reserve. __________________ 1a Commission Regulation (EU) No 176/2014 of 25 February 2014 amending Regulation (EU) No 1031/2010 in particular to determine the volumes of greenhouse gas emission allowances to be auctioned in 2013-20 (OJ L 56, 26.2.2014, p. 11).

Amendment 99 #