2 Amendments of Eric ANDRIEU related to 2021/0202(COD)
Amendment 41 #
Proposal for a decision
Recital 10
Recital 10
(10) Where the number of allowances in circulation is above the established upper threshold, an amount of allowances corresponding to a given percentage of these allowances is deducted from the volumes of allowances to be auctioned and placed in the reserve. Meanwhile, a corresponding number of allowances is released from the reserve to Member States, and added to the volumes of the allowances to be auctioned, if the total number of allowances in circulation falls below the established lower threshold. In order to limit the threshold effects, it should also be possible to adjust the reserve in case of sudden rise of the allowance prices by empowering the Commission to release allowances to be added to the volumes of the allowances to be auctioned.
Amendment 86 #
Proposal for a decision
Article 1 – paragraph 1a (new)
Article 1 – paragraph 1a (new)
Decision (EU) 2015/1814
Article 1 – paragraph 7 a (new)
Article 1 – paragraph 7 a (new)
In Article 1, the following paragraph is inserted: 7a. Where, for more than three consecutive months, the average price of allowances in the auctions is more than 150 % of the average price of allowances during the six preceding consecutive months in the auctions for the allowances, the Commission shall, as a matter of urgency, adopt a decision to release up to 100 million allowances from the market stability reserve to be added to the volumes of the allowances to be auctioned.