Activities of Stanislav POLČÁK related to 2021/0202(COD)
Plenary speeches (1)
Revision of the Market Stability Reserve for the EU Emissions Trading System (A9-0045/2022 - Cyrus Engerer)
Amendments (5)
Amendment 23 #
Proposal for a decision
Recital 3
Recital 3
(3) The European Green Deal combines a comprehensive set of mutually reinforcing measures and initiatives aimed at achieving climate neutrality in the EU by 2050, and sets out a new growth strategy that aims to transform the Union into a fair and prosperous society, with a modern, resource-efficient and competitive economy, where economic growth is decoupled from resource use. It also aims to protect, conserve and enhance the Union's natural capital, and protect the health and well-being of citizens from environment-related risks and impacts. At the same time, this transition affects women and men differently and has a particular impact on some disadvantaged and vulnerable groups, such as older people, persons with disabilities and, persons with a minority racial or ethnic background and low and lower-middle income individuals and households. It also imposes greater challenges on certain regions, especially structurally disadvantaged regions. It must therefore be ensured that the transition is just and inclusive, leaving no one behind.
Amendment 27 #
Proposal for a decision
Recital 4
Recital 4
(4) The necessity and value of the European Green Deal have only grown in light of the very severe effects of the COVID-19 pandemic on the health, living and working conditions and well-being of the Union’s citizens, which have shown that our society and our economy need to improve their resilience to external shocks and act early to prevent or mitigate them. European citizens continue to express strong views that this appliesAccording to the strong views of European citizens, such shocks include, in particular to, climate change27 . __________________ 27Special Eurobarometer 513 on Cli. A well-implemented European Green Deal can matke Change, 2021 (https://ec.europa.eu/clima/citizens/suppo rt_en)a major contribution to strengthening the resilience of our society and economy.
Amendment 38 #
Proposal for a decision
Recital 8
Recital 8
(8) In order to address the structural imbalance between supply and demand of allowances in the market, Decision (EU) 2015/1814 of the European Parliament and of the Council31 established a market stability reserve (the ‘reserve’) in 2018, which has been operational since 2019. The creation of the reserve has contributed to reducing the surplus of allowances in circulation by 29 % from its record level in 2013 to the 2019 level, and has strengthened the resilience of the EU ETS. __________________ 31 Decision (EU) 2015/1814 of the European Parliament and of the Council of 6 October 2015 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and amending Directive 2003/87/EC (OJ L 264, 9.10.2015, p. 1).
Amendment 63 #
Proposal for a decision
Recital 15
Recital 15
(15) If the rate of the total number of allowances in circulation to be placed in the reserve each year reverts to 12 % after 2023, a potentially harmful surplus of allowances in the EU ETS may disturb market stability and jeopardise the achievement of greenhouse gas emission reductions in line with legally binding climate targets, as reflected in the impact assessment that was carried out. In addition, the rate of 24 % after 2023 should be established separately from the general review of Directive 2003/87/EC and Decision (EU) 2015/1814 to strengthen the EU Emissions Trading System in line with the Union’s increased climate ambition for 2030 to ensure market predictability.
Amendment 67 #
Proposal for a decision
Recital 15 a (new)
Recital 15 a (new)
(15a) The EU ETS generates non- negligible revenues for Member States’ budgets, as the majority of auction revenues go to the Member States. Maintaining the rate of allowances placed in the market stability reserve will reduce the quantity of allowances that are auctioned and may therefore have budgetary implications in this respect. However, it can be expected that this reduction will be offset, on the one hand, by the price impact caused by the reduction in surplus allowances due to the increased objectives of the EU ETS and, on the other hand, by the anticipated inclusion of maritime transport, road transport and buildings in the EU ETS.