83 Amendments of Eleonora EVI related to 2015/0148(COD)
Amendment 53 #
Proposal for a directive
Recital 3
Recital 3
(3) The European Council confirmed that a well-functioning, reformed EU ETS with an instrument to stabilise the market will be the main European instrument to achieve this target, with an annual reduction factor of 2.2% from 2021 onwards, free allocation not expiring but existing measures continuing after 2020 to prevent the risk of carbon leakage due to climate policy, as long as no comparable efforts are undertaken in other major economies, without reducing the share of allowances to be auctioned. The auction share should be expressed as a percentage figure in the legislation, to enhance planning certainty as regards investment decisions, to increase transparency and to render the overall system simpler and more easily understandableAt the last COP21 in Paris, however, it has been widely recognised that an effort should be done to keep the average temperature well below 2C degrees possibly within 1.5C degree by the end of the century. In order to attain this objective, a higher percentage of annual reduction is needed in order to guarantee that the overall emission reduction will allow to meet to 2050 targets.
Amendment 57 #
Proposal for a directive
Recital 4
Recital 4
(4) It is a key Union priority to establish a resilient Energy Union to provide secure, sustainable, competitive and affordable energy to its citizens. Achieving this requires continuation of ambitious climate action with the EU ETS as the cornerstone of Europe’s climate policy, and progress on the other aspects of Energy Union17. ImplementingScaling up the ambition decided in the 2030 framework in order to ensure to meet the reduction targets set up for the 2050, contributes to delivering a meaningful carbon price and continuing to stimulate cost-efficient greenhouse gas emission reductions. __________________ 17 COM(2015)80, establishing a Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy
Amendment 66 #
Proposal for a directive
Recital 5
Recital 5
(5) Article 191(2) of the Treaty on the Functioning of the European Union requires that Union policy is based on the principle that the polluter should pay and, on this basis, Directive 2003/87/EC provides for a transition to full auctioning over timestarting in 2021. Avoiding carbon leakage is not a justification to postpone full transition, and targeted free allocation of allowances to industry is justified in order to address genuine risks of increases in greenhousauctioning even in the light of the most recent data showing that no carbon leakage ghas emissions in third countries where industry is not subjoccurred so far nor it is expected to comparable carbon constrairepresents as long as comparable climate policy measures are not undertaken by other major economies major problem with CO2 price as high as 60 euro/ton.
Amendment 78 #
Proposal for a directive
Recital 6
Recital 6
(6) The auctioning of allowances remains the general rule, with free allocation as the exception. Consequently, and as confirmed by the European Councilrule. Consequently, , the share of allowances to be auctioned, which was 57% over the period 2013-2020, should not be reducebe raised to 100% starting from the fourth allocation period. The Commission's Impact Assessment18 provides details on the auction share and specifies that this 57% share is made up of allowances auctioned on behalf of Member States, including allowances set aside for new entrants but not allocated, allowances for modernising electricity generation in some Member States and allowances which are to be auctioned at a later point in time because of their placement in the Market Stability Reserve established by Decision (EU) 2015/… of the European Parliament and of the Council19 . __________________ 18 SEC(2015)XX 19 Decision (EU) 2015/… of the European Parliament and of the Council of … 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 […], […], p. […]).
Amendment 88 #
Proposal for a directive
Recital 7
Recital 7
(7) To preserve the environmental benefit of emission reductions in the Union while actionshe study commissioned by other countries do not provide comparable incentives to industry to reduce emissions, free allocation should continue to installations in sectors and sub-sectors at genuine risk of carbon leakage. Experience gathered during the operation of the EU ETS confirmed that sectors and sub-sectors are at risk of carbon leakage to varying degrees, and that free allocation has prevented carbon leakage. While some sectors and sub-sectors can be deemed at a higher risk of carbon leakage, others are able to pass on a considerable share of the costs of allowances to cover their emissions in product prices without losing market share and only bear the remaining part of the costs so that they are at a low risk of carbon leakage. The Commission should determine and differentiate the relevant sectors based on their trade intensity and their emissions intensity to better identify sectors at a genuine risk of carbon leakage. Where, based on these criteria, a threshold determined by taking into account the respective possibility for sectors and sub-sectors concerned to pass on costs in product prices is exceeded, the sector or sub-sector should be deemed at risk of carbon leakage. Others should be consider Commission to a consortium of research and analysis centres in 2013 concluded that during the years 2005-2012 no carbon leakage as defined by the Directive has occurred and that the slight fluctuations in import/export observed is attributable by global demand development and input price differences. According to a recent study, differences in electricity price are unlikely to affect EU market significantly and even for energy intensive sectors electricity price could account for roughly 0.01% of changes in market flow. The same study concluded that a low risk or at no risk of carbon leakage. Taking into account the possibilities for sectors and sub-sectors outside of electricity generation to pass on costs in product prices should also reduce windfall profits.with a CO2 price of 40-65 euro/ton would increase import by less than 0,05% and decrease export by around 0.2%
Amendment 95 #
Proposal for a directive
Recital 3
Recital 3
(3) The European Council confirmed that a well-functioning, reformed EU ETS with an instrument to stabilise the market will be the main European instrument to achieve this target, with an annual reduction factor of 2.2% from 2021 onwards, free allocation not expiring but existing measures continuing after 2020 to prevent the risk of carbon leakage due to climate policy, as long as no comparable efforts are undertaken in other major economies, without reducing the share of allowances to be auctioned. The auction share should be expressed as a percentage figure in the legislation, to enhance planning certainty as regards investment decisions, to increase transparency and to render the overall system simpler and more easily understandableHowever, at the last UNFCCC Conference of the Parties (COP21 in Paris), it has been widely recognised that an effort should be done to keep the average temperature well below 2°C, possibly within 1.5°C degrees, by the end of the century. In order to attain this objective, a higher percentage of annual reduction is needed, with a view to guaranteeing that the overall emissions reduction will actually meet the reduction targets set for 2030 and 2050.
Amendment 99 #
Proposal for a directive
Recital 8
Recital 8
Amendment 106 #
Proposal for a directive
Recital 4
Recital 4
(4) It is a key Union priority to establish a resilient Energy Union to provide secure, sustainable, competitive and affordable energy to its citizens. Achieving this requires continuation of ambitious climate action with the EU ETS as the cornerstone of Europe’s climate policy, and progress on the other aspects of Energy Union17. ImplementingScaling up the ambition decided in the 2030 framework, in order to guarantee that the reduction targets set for 2050 will be met, contributes to delivering a meaningful carbon price and continuing to stimulate cost-efficient greenhouse gas emission reductions. __________________ 17 COM(2015)80, establishing a COM(2015)80, establishing a Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy
Amendment 112 #
Proposal for a directive
Recital 5
Recital 5
(5) Article 191(2) of the Treaty on the Functioning of the European Union requires that Union policy is based on the principle that the polluter should pay and, on this basis, Directive 2003/87/EC provides for a transition to full auctioning over time, starting from 2021. Avoiding carbon leakage is not a justification to postpone full transition, and targeted free allocation of allowances to industry is justified in order to address genuine risks of increases in greenhousauctioning, even in the light of the most recent data showing that no carbon leakage ghas emissions in third countries where industry is not subjoccurred so far nor is it expected to comparable carbon constraints as long as comparable climate policy measures are not undertaken by other major economiesemerge as a major problem with a CO2 price as high as EUR 60 per ton.
Amendment 115 #
Proposal for a directive
Recital 9
Recital 9
(9) Member States should partially compensate, in accordance with state aid rules, certain installations in sectors or sub-sectors which have been determined to be exposed to a significant risk of carbon leakage because of costs related to greenhouse gas emissions passed on in electricity prices. The Protocol and accompanying decisions adopted by the Conference of the Parties in Paris need to provide for the dynamic mobilisation of climate finance, technology transfer and capacity building for eligible Parties, particularly those with least capabilities. Public sector climate finance will continue to play an important role in mobilising resources after 2020. Therefore, auction revenues should also be used for climate financing actions in vulnerable third countries, including adaptation to the impacts of climate. The amount of climate finance to be mobilised will also depend on the ambition and quality of the proposed Intended Nationally Determined Contributions (INDCs), subsequent investment plans and national adaptation planning processes. Member States should also use auction revenues to promote skill formation and reallocation of labour affected by the transition of jobs in a decarbonising economy.
Amendment 116 #
Proposal for a directive
Recital 6
Recital 6
(6) The auctioning of allowances remains the general rule, with free allocation as the exception. Consequently, and as confirmed by the European Councilrule. Consequently, the share of allowances to be auctioned, which was 57% over the period 2013-2020, should not be reducebe raised to 100%, starting from the fourth allocation period. The Commission's Impact Assessment18 provides details on the auction share and specifies that this 57% share is made up of allowances auctioned on behalf of Member States, including allowances set aside for new entrants but not allocated, allowances for modernising electricity generation in some Member States and allowances which are to be auctioned at a later point in time because of their placement in the Market Stability Reserve established by Decision (EU) 2015/…1814 of the European Parliament and of the Council19 . __________________ 18 SEC(2015)XX SWD(2015)135 19 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 123 #
Proposal for a directive
Recital 7
Recital 7
(7) To preserve the environmental benefit of emission reductions in the Union while actionshe study commissioned by other countries do not provide comparable incentives to industry to reduce emissions, free allocation should continue to installations in sectors and sub-sectors at genuine risk of carbon leakage. Experience gathered during the operation of the EU ETS confirmed that sectors and sub-sectors are at risk of carbon leakage to varying degrees, and that free allocation has prevented carbon leakage. While some sectors and sub-sect Commission from a consortium of research and analysis centres in 2013 has concluded that during the years 2005- 2012 no carbon leakage as defined by the Directive has occurred and that the slight fluctuations in imports/exports can be deemed at a higher risk of carbon leakage, others are able to pass on a considerable share of the costs of allowances to cover their emissions in product prices without losing market share and only bear the remaining part of the costs so that they are at a low risk of carbon leakage. The Commission should determine and differentiate the relevant sectors based on their trade intensity and their emissions intensity to better identify sectors at a genuine risk of carbon leakage. Where, based on these criteria, a threshold determined by taking into account the respective possibility for sectors and sub-sectors concerned to pass on costs in product prices is exceeded, the sector or sub-sector should be deemed at risk of carbon leakage. Others should be considered at a low risk or at no risk of carbon leakage. Taking into account the possibilities for sectors and sub-sectobserved is attributable to the global demand development and input price differences. According to a recent study, differences in electricity prices are unlikely to significantly affect the Union market and, even for energy intensive sectors, the electricity price could account for roughly the 0.01% of changes in the market flow. The same study has concluded that with a CO2 price of EUR 40-65 per ton imports woutside of electricity generation to pass on costs in product prices should also reduce windfall profitsld increase by less than 0.05% and exports would decrease approximately by 0.2%.
Amendment 129 #
Proposal for a directive
Recital 10
Recital 10
(10) The main long-term incentive from this Directive for the capture and storage of CO2 (CCS), new renewable energy technologies and breakthrough innovation in low-carbon technologies and processes is the carbon price signal it creates and that allowances will not need to be surrendered for CO2 emissions which are permanently stored or avoided. In addition, to supplement the resources already being used to accelerate demonstration of commercial CCS facilities and innovative renewable energy technologies, EU ETS allowances should be used to provide guaranteed rewards for deployment of CCS facilities, new renewable energy technologies and industrial innovation in low-carbon technologies and processes in the Union for CO2 stored or avoided on a sufficient scale, provided an agreement on knowledge sharing is in place. The majority of this support should be dependent on verified avoidance of greenhouse gas emissions, while some support may be given when pre- determined milestones are reached taking into account the technology deployed. The maximum percentage of project costs to be supported may vary by category of project.
Amendment 133 #
Proposal for a directive
Recital 8
Recital 8
Amendment 140 #
Proposal for a directive
Recital 9
Recital 9
(9) Member States should partially compensate, in accordance with state aid rules, certain installations in sectors or sub-sectors which have been determined to be exposed to a significant risk of carbon leakage because of costs related to greenhouse gas emissions passed on in electricity prices. The Protocol and accompanying decisions adopted by the Conference of the Parties in Paris need to provide for the dynamic mobilisation of climate finance, technology transfer and capacity building for eligible Parties, particularly those with least capabilities. Public sector climate finance will continue to play an important role in mobilising resources after 2020. Therefore, auction revenues should also be used for climate financing actions in vulnerable third countries, including adaptation to the impacts of climate. The amount of climate finance to be mobilised will also depend on the ambition and quality of the proposed Intended Nationally Determined Contributions (INDCs), subsequent investment plans and national adaptation planning processes. Member States should also use auction revenues to promote skill formation and reallocation of labour affected by the transition of jobs in a decarbonising economy.
Amendment 140 #
Proposal for a directive
Recital 11
Recital 11
(11) A Modernisation Fund should be established from 2% of the total EU ETS allowances, and auctioned in accordance with the rules and modalities for auctions taking place on the Common Auction Platform set out in Regulation 1031/2010. Member States who in 2013 had a GDP per capita at market exchange rates of below 60% below the Union average should be eligible for funding from the Modernisation Fund and derogate up to 2030 from the principle of full auctioning for electricity generation by using the option of free allocation in order to transparently promote real investments modernising their energy sector while avoiding distortions of the internal energy markestimulate the introduction of renewables while avoiding any funding for fossil fuel based power plant. The rules for governing the Modernisation Fund should provide a coherent, comprehensive and transparent framework to ensure the most efficient implementation possible, taking into account the need for easy access by all participants. The function of the governance structure should be commensurate with the purpose of ensuring the appropriate use of the funds. That governance structure should be composed of an investment board and a management committee and due account should be taken of the expertise of the EIB in the decision-making process unless support is provided to small projects through loans from a national promotional banks or through grants via a national programme sharing the objectives of the Modernisation Fund. Investments financed from the fund should be proposed by the Member States. To ensure that the investment needs in low income Member States are adequately addressed, the distribution of funds will take into account in equal shares verified emissions and GDP criteria. The financial assistance from the Modernisation Fund could be provided through different forms.
Amendment 150 #
Proposal for a directive
Recital 10
Recital 10
(10) The main long-term incentive from this Directive for the capture and storage of CO2 (CCS), new renewable energy technologies and breakthrough innovation in low-carbon technologies and processes is the carbon price signal it creates and that allowances will not need to be surrendered for CO2 emissions which are permanently stored or avoided. In addition, to supplement the resources already being used to accelerate demonstration of commercial CCS facilities and innovative renewable energy technologies, EU ETS allowances should be used to provide guaranteed rewards for deployment of CCS facilities, new renewable energy technologies and industrial innovation in low-carbon technologies and processes in the Union for CO2 stored or avoided on a sufficient scale, provided an agreement on knowledge sharing is in place. The majority of this support should be dependent on verified avoidance of greenhouse gas emissions, while some support may be given when pre- determined milestones are reached taking into account the technology deployed. The maximum percentage of project costs to be supported may vary by category of project.
Amendment 151 #
Proposal for a directive
Recital 12
Recital 12
(12) The European Council confirmed that the modalities, including transparency, of the optional free allocation to modernise the energy sector in certain Member States should be improved. Investments with a value of €10 million or more should be selected by the Member State concerned through a competitive bidding process on the basis of clear and transparent rules to ensure that free allocation is used to promote real investments modernising the energy sectorin promoting large scale use of renewables in line with the Energy Union objectives. Investments with a value of less than €10 million should also be eligible for funding from the free allocation. The Member State concerned should select such investments based on clear and transparent criteria. The results of this selection process should be subject to public consultation. The public should be duly kept informed at the stage of the selection of investment projects as well as of their implementation.
Amendment 162 #
Proposal for a directive
Recital 11
Recital 11
(11) A Modernisation Fund should be established from 2% of the total EU ETS allowances, and auctioned in accordance with the rules and modalities for auctions taking place on the Common Auction Platform set out in Regulation 1031/2010. Member States who in 2013 had a GDP per capita at market exchange rates of below 60% below the Union average should be eligible for funding from the Modernisation Fund and derogate up to 2030 from the principle of full auctioning for electricity generation by using the option of free allocation in order to transparently promote real investments modernising their energy sector while avoiding distortions of the internal energy markestimulate the introduction and the dissemination of renewables while avoiding any funding for any fossil fuel based power plant. The rules for governing the Modernisation Fund should provide a coherent, comprehensive and transparent framework to ensure the most efficient implementation possible, taking into account the need for easy access by all participants. The function of the governance structure should be commensurate with the purpose of ensuring the appropriate use of the funds. That governance structure should be composed of an investment board and a management committee and due account should be taken of the expertise of the EIB in the decision-making process unless support is provided to small projects through loans from a national promotional banks or through grants via a national programme sharing the objectives of the Modernisation Fund. Investments financed from the fund should be proposed by the Member States. To ensure that the investment needs in low income Member States are adequately addressed, the distribution of funds will take into account in equal shares verified emissions and GDP criteria. The financial assistance from the Modernisation Fund could be provided through different forms.
Amendment 163 #
Proposal for a directive
Recital 16
Recital 16
(16) Decision (EU) 2015/…1814 establishes a Market Stability Reserve for the EU ETS in order to make auction supply more flexible and make the system more resilient. This decision also provides for allowances not allocated to new entrants up to 2020 and not allocated because of cessations and partial cessations to be placed in the Market Stability Reserve. From 2021, allowances not allocated to installation should be permanently cancelled
Amendment 166 #
Proposal for a directive
Recital 17
Recital 17
(17) In order to adopt non-legislative acts of general application to supplement or amend certain non-essential elements of a legislative act, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of Article 3d(3), Article 10(4), Article 10a(1) and (8), Article 10b, Article 10d, Article 14(1), Article 15, Article 19(3), Article 22, Article 24, Article 24a and Article 25a of Directive 2003/87/EC. In order to reduce delegations to the minimum, the existing powers in respect of the operation of the special reserve, for attributing quantities of international credits which may be exchanged and placing further standards for what may be exchanged and for further rules on double counting in Article 3f(9), Article 11a(9) and Article 11b(7) of Directive 2003/87/EC are deleted. Acts adopted pursuant to those provisions continue to apply. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing-up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and Council. As regards the delegation in respect of Article 10(4) of Directive 2003/87/EC, those Member States which do not use the common platform for auctioning may continue not to do so.
Amendment 169 #
Proposal for a directive
Recital 12
Recital 12
(12) The European Council confirmed that the modalities, including transparency, of the optional free allocation to modernise the energy sector in certain Member States should be improved. Investments with a value of €10 million or more should be selected by the Member State concerned through a competitive bidding process on the basis of clear and transparent rules to ensure that free allocation is used to promote real investments modernisin promoting the enelargye sectorcale use of renewables, in line with the Energy Union objectives. Investments with a value of less than €10 million should also be eligible for funding from the free allocation. The Member State concerned should select such investments based on clear and transparent criteria. The results of this selection process should be subject to public consultation. The public should be duly kept informed at the stage of the selection of investment projects as well as of their implementation.
Amendment 174 #
Proposal for a directive
Recital 16
Recital 16
(16) Decision (EU) 2015/…1814 establishes a Market Stability Reserve for the EU ETS in order to make auction supply more flexible and make the system more resilient. This decision also provides for allowances not allocated to new entrants up to 2020 and not allocated because of cessations and partial cessations to be placed in the Market Stability Reserve. From 2021 onwards, allowances that have not been allocated to any installation should be permanently cancelled.
Amendment 175 #
Proposal for a directive
Recital 17
Recital 17
(17) In order to adopt non-legislative acts of general application to supplement or amend certain non-essential elements of a legislative act, the power to adopt acts in accordance with Article 290 of the Treaty on the Functioning of the European Union should be delegated to the Commission in respect of Article 3d(3), Article 10(4), Article 10a(1) and (8), Article 10b, Article 10d, Article 14(1), Article 15, Article 19(3), Article 22, Article 24, Article 24a and Article 25a of Directive 2003/87/EC. In order to reduce delegations to the minimum, the existing powers in respect of the operation of the special reserve, for attributing quantities of international credits which may be exchanged and placing further standards for what may be exchanged and for further rules on double counting in Article 3f(9), Article 11a(9) and Article 11b(7) of Directive 2003/87/EC are deleted. Acts adopted pursuant to those provisions continue to apply. It is of particular importance that the Commission carry out appropriate consultations during its preparatory work, including at expert level. The Commission, when preparing and drawing-up delegated acts, should ensure a simultaneous, timely and appropriate transmission of relevant documents to the European Parliament and Council. As regards the delegation in respect of Article 10(4) of Directive 2003/87/EC, those Member States which do not use the common platform for auctioning may continue not to do so.
Amendment 184 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2003/87/EC
Article 9 – paragraphs 2 and 3
Article 9 – paragraphs 2 and 3
Starting in 2021, the linear factor shall be 2.2%quantity of allowances shall decrease by a linear factor of 4% compared to the average annual total quantity of verified emissions for the period 2016 to 2018. The Commission shall review the linear factor and submit a proposal, where appropriate, to the European Parliament and to the Council within six months of the facilitative dialogue to be convened under the UNFCCC in 2018 and within six months of the global stocktake in 2023 and all subsequent global stocktakes thereafter.
Amendment 187 #
Proposal for a directive
Article 1 – point -1 g (new)
Article 1 – point -1 g (new)
Directive 2003/87/EC
Article 3 c – paragraph 2
Article 3 c – paragraph 2
Amendment 191 #
Proposal for a directive
Article 1 – point -1 i (new)
Article 1 – point -1 i (new)
Directive 2003/87/EC
Article 3 d – paragraphs 1 and 2
Article 3 d – paragraphs 1 and 2
Amendment 196 #
Proposal for a directive
Article 1 – point 1 a (new)
Article 1 – point 1 a (new)
Directive 2003/87/EC
Article 3 d – paragraph 4
Article 3 d – paragraph 4
Amendment 200 #
Proposal for a directive
Article 1 – point 1 b (new)
Article 1 – point 1 b (new)
Directive 2003/87/EC
Article 3 e
Article 3 e
(1b) Article 3e is deleted.
Amendment 202 #
Proposal for a directive
Article 1 – point 2
Article 1 – point 2
Directive 2003/87/EC
Article 3 f
Article 3 f
Amendment 208 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a
Article 1 – paragraph 1 – point 4 – point a
Directive 2003/87/EC
Article 10 – paragraph 1
Article 10 – paragraph 1
From 1 January 2021 onwards, the share of allowances to be auctioned by Member States shall be 57%.Member States shall auction all allowances
Amendment 212 #
Proposal for a directive
Article 1 – point 3
Article 1 – point 3
Directive 2003/87/EC
Article 9 – paragraphs 2 and 3
Article 9 – paragraphs 2 and 3
Starting in 2021, the linear factor shall be 2.2%quantity of allowances shall decrease by a linear factor of 4% compared to the average annual quantity of total verified emissions for the period 2016-2018. The Commission shall review the linear factor and submit a proposal, where appropriate, to the European Parliament and to the Council within six months of facilitative dialogue to be convened under the UNFCCC in 2018, within six months of the global stocktake foreseen in 2023 and on the occasion of all of subsequent global stocktakes thereafter.
Amendment 231 #
Proposal for a directive
Article 1 – point 4 – point a
Article 1 – point 4 – point a
Directive 2003/87/EC
Article 10 – paragraph 1 – subparagraph 2
Article 10 – paragraph 1 – subparagraph 2
From 2021 onwards, the share of allowances to be auctioned by Member States shall be 57%1st January 2021, Member States shall auction all allowances.
Amendment 236 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point c
Article 1 – paragraph 1 – point 4 – point c
Directive 2003/87/EC
Article 10 – paragraph 3(j)
Article 10 – paragraph 3(j)
(j) to fund financial measures in favour of sectors or subsectors that arerenewable energies and aid sectors or subsectors conventionally defined as exposed to a genuine risk of carbon leakage due to their significant indirect costs that are actuallyo use an increased share of renewable power and to reduce costs incurred from greenhouse gas emission costs passed on in electricity prices, provided that these measures meet the conditions set out in Article 10a(6);
Amendment 243 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point c
Article 1 – paragraph 1 – point 4 – point c
Directive 2003/87/CE
Article 10 – paragraph 3 new subparagraph
Article 10 – paragraph 3 new subparagraph
(la) In paragraph 3 of Article 10 the following subparagraph is added: This information shall be provided through a standardized template provided by the Commission, with a minimum level of detail allowing for transparency and comparability, including information on additionality of the funds and the allocation of funds for each spending category listed above. The Commission shall make this information public on its website
Amendment 249 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point c a (new)
Article 1 – paragraph 1 – point 4 – point c a (new)
Amendment 250 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point c b (new)
Article 1 – paragraph 1 – point 4 – point c b (new)
Directive 2003/87/EC
Article 10 – paragraph 3 letter (e)
Article 10 – paragraph 3 letter (e)
Amendment 263 #
Proposal for a directive
Article 1 – point 4 – point b b (new)
Article 1 – point 4 – point b b (new)
Directive 2003/87/EC
Article 10 – paragraph 3 – introductory part
Article 10 – paragraph 3 – introductory part
(bb) In paragraph 3, the introductory part is replaced by the following: '3. Member States shall determine the use of revenues generated from the auctioning of allowances. At least 50 100% 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, shouldall be used for one or more of the following:'
Amendment 273 #
Proposal for a directive
Article 1 – point 4 – point b e (new)
Article 1 – point 4 – point b e (new)
Directive 2003/87/EC
Article 10 – paragraph 3 – point e
Article 10 – paragraph 3 – point e
Amendment 279 #
Proposal for a directive
Article 1 – point 4 – point c
Article 1 – point 4 – point c
Directive 2003/87/EC
Article 10 – paragraph 3 – point j
Article 10 – paragraph 3 – point j
'(j) to fund financial measures in favour of sectors or subsectors that arethe dissemination of renewable energies and to support sectors or subsectors conventionally defined as exposed to a genuine risk of carbon leakage due to their significant indirect costs that are actually, determined by the use of an increased share of renewables-generated power and by the reduction of the costs incurred from greenhouse gas emissions costs passed on in electricity prices, provided that these measures meet the conditions set out in Article 10a(6);'
Amendment 283 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b – introductory part
Article 1 – paragraph 1 – point 5 – point b – introductory part
Directive 2003/87/EC
Article 10 a
Article 10 a
(b) a new third subparagraph is added to paragraph 2 as follows:paragraphs 2 to 6 are deleted
Amendment 286 #
Proposal for a directive
Article 1 – point 4 – point c b (new)
Article 1 – point 4 – point c b (new)
Directive 2003/87/EC
Article 10 – paragraph 3 – subparagraph 1 b (new)
Article 10 – paragraph 3 – subparagraph 1 b (new)
(cb) in paragraph 3 the following subparagraph is inserted: 'This information shall be provided through a standardised template elaborated by the Commission, featured by a minimum level of detail allowing for transparency, accountability and comparability, including information on the additionality of the funds and the allocation of funds for all the spending categories listed above. The Commission shall make this information publicly available.'
Amendment 286 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Directive 2003/87/EC
Article 10 a
Article 10 a
Amendment 289 #
Proposal for a directive
Article 1 – point 4 – point d
Article 1 – point 4 – point d
Directive 2003/87/EC
Article 10 – paragraph 4
Article 10 – paragraph 4
(d) paragraph 4 is replaced by the following: '4. By 30 June 20108, the Commission shall adopt a regulation on timing, administration and other aspects of auctioning to ensure that it is exclusively accessible to operators of installation covered by this Directive and 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. Auctions shall be designed to ensure that: (a) operators, and in particular any SMEs covered by the Community scheme, have full, fair and equitable access; (b) all participantoperators have access to the same information at the same time and that participants do not undermine the operation of the auction; (c) the organisation and participation in auctions is cost-efficient and undue administrative costs are avoided; and (d) access to allowances is granted for small emitters.'
Amendment 305 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Directive 2003/87/EC
Article 10 a
Article 10 a
Amendment 315 #
Proposal for a directive
Article 1 – point 5 – point b
Article 1 – point 5 – point b
Directive 2003/87/EC
Article 10a – paragraph 2 – subparagraphs 2, 3 and 4
Article 10a – paragraph 2 – subparagraphs 2, 3 and 4
(b) a new third subparagraph is added to paragraph 2 as follows: "The benchmark values for free allocation shall be adjusted in order to avoid windfall profits and reflect technological progress in the period between 2007-8 and each later period for which free allocations are determined in accordance with Article 11(1). This adjustment shall reduce the benchmark values set by the act adopted pursuant to Article 10a by 1% of the value that was set based on 2007-8 data in respect of each year between 2008 and the middle of the relevant period of free allocation, unless: (i) On the basis of information submitted pursuant to Article 11, the Commission shall identify whether the values for each benchmark calculated using the principles in Article 10a differ from the annual reduction referred to above by more than 0.5% of the 2007-8 value higher or lower annually. If so, that benchmark value shall be adjusted either 0.5% or 1.5% in respect of each year between 2008 and the middle of the period for which free allocation is to be made; (ii) By way of derogation regarding the benchmark values for aromatics, hydrogen and syngas, these benchmark values shall be adjusted by the same percentage as the refineries benchmarks in order to preserve a level playing field for producers of these products. The Commission shall adopt an implementing act for this purpose in accordance with Article 22a."in paragraph 2, subparagraphs 2, 3 and 4 are deleted.
Amendment 325 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Directive 2003/87/EC
Article 10 a
Article 10 a
Amendment 359 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Directive 2003/87/CE
Article 10a
Article 10a
Amendment 388 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point e – point i
Article 1 – paragraph 1 – point 5 – point e – point i
Directive 2003/87/EC
Article 10a – paragraph 7
Article 10a – paragraph 7
Amendment 390 #
Proposal for a directive
Article 1 – point 5 – point e – point i
Article 1 – point 5 – point e – point i
Directive 2003/87/EC
Article 10a – paragraph 7 – subparagraph 1
Article 10a – paragraph 7 – subparagraph 1
Amendment 391 #
Proposal for a directive
Article 1 – point 5 – point e – point i
Article 1 – point 5 – point e – point i
Directive 2003/87/EC
Article 10a – paragraph 7 – subparagraph 1
Article 10a – paragraph 7 – subparagraph 1
Amendment 400 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point e – point i
Article 1 – paragraph 1 – point 5 – point e – point i
Directive 2003/87/EC
Article 10a – paragraph 7
Article 10a – paragraph 7
From 2021, onwards, any allowances not allocated to installations because of the application of paragraphs 19 and 20 shall be added to the reserve. Allowances which are in the reserve by 2030 shall be cancelled.
Amendment 403 #
Proposal for a directive
Article 1 – point 5 – point e – point i
Article 1 – point 5 – point e – point i
Directive 2003/87/EC
Article 10a – paragraph 7 – subparagraph 2
Article 10a – paragraph 7 – subparagraph 2
From 2021, onwards, any allowances not allocated to installations because of the application of paragraphs 19 and 20 shall be added to the reserve. Allowances which are in the reserve by 2030 shall be cancelled.
Amendment 406 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Directive 2003/87/CE
Article 10a paragraph 8 first subparagraph
Article 10a paragraph 8 first subparagraph
400 million allowances shall be available to support innovation in low-carbon technologies and processes in industrial sectors listed in Annex I, and to help stimulate the construction and operation of commercial demonstration projects that aim at the environmentally safe capture and geological storage (CCS) of CO2 as well as demonstration projects of innovative renewable energy technologies, in the territory of the Union.
Amendment 407 #
Proposal for a directive
Article 1 – point 5 – point e
Article 1 – point 5 – point e
Directive 2003/87/EC
Article 10a – paragraph 7 – subparagraph 2
Article 10a – paragraph 7 – subparagraph 2
From 2021, allowances not allocated to installations because of the application of paragraphs 19 and 20 shall be added to the reserve. Allowances which are in the reserve by 2030 shall be cancelled."
Amendment 410 #
Proposal for a directive
Article 1 – point 5 – point f
Article 1 – point 5 – point f
Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 1
Article 10a – paragraph 8 – subparagraph 1
Amendment 421 #
Proposal for a directive
Article 1 – point 5 – point f
Article 1 – point 5 – point f
Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 1
Article 10a – paragraph 8 – subparagraph 1
400 million allowances shall be available to support innovation in low-carbon technologies and processes in industrial sectors listed in Annex I, and to help stimulate the construction and operation of commercial demonstration projects that aim at the environmentally safe capture and geological storage (CCS) of CO2 as well as demonstration projects of innovative renewable energy technologies, in the territory of the Union.
Amendment 428 #
Proposal for a directive
Article 1 – point 5 – point f
Article 1 – point 5 – point f
Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 2
Article 10a – paragraph 8 – subparagraph 2
The allowances shall be made available for innovation in low-carbon industrial products, technologies and processes and support for demonstration projects for the development of a wide range of CCS and innovative renewable energy technologies that are not yet commercially viable in geographically balanced locations. In order to promote innovative projects, up to 60% of the relevant costs of projects may be supported, out of which up to 40% may notEligible costs of projects may be dependent on verified avoidance of greenhouse gas emissions provided that pre-determined milestones are attained taking into account the technology deployed.
Amendment 432 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Directive 2003/87/CE
Article 10a paragraph 8 second subparagraph
Article 10a paragraph 8 second subparagraph
The allowances shall be made available for innovation in low-carbon industrial technologies and processes and support for demonstration projects for the development of a wide range of CCS and innovative renewable energy technologies that are not yet commercially viable in geographically balanced locations. In order to promote innovative projects, up to 60% of the relevant costs of projects may be supported, out of which up to 40% may not be dependent on verified avoidance of greenhouse gas emissions provided that pre-determined milestones are attained taking into account the technology deployed.
Amendment 449 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10b and Article 10c
Article 10b and Article 10c
Articles 10b and 10c are replaced by the following: "Article 10b Measures to support certain energy- intensive industries in the event of carbon leakage 1. product exceeds 0.2 from multiplying their intensity of trade with third countries, defined as the ratio between the total value of exports to third countries plus the value of imports from third countries and the total market size for the European Economic Area (annual turnover plus total imports from third countries), by their emission intensity, measured in kgCO2 divided by their gross value added (in €), shall be deemed to be at risk of carbon leakage. Such sectors and sub-sectors shall be allocated allowances free of charge for the period up to 2030 at 100% of the quantity determined in accordance with the measures adopted pursuant to Article 10a. 2. Sectors and sub-sectors where the product from multiplying their intensity of trade with third countries by their emission intensdeleted. Sectors and sub-sectors where the the extent to which ity is above 0.18 may be included in the group referred to in paragraph 1, on the basis of a qualitative assessment using the following criteria: (a) for individual installations in the sector or sub-sectors concerned to reduce emission levels or electricity consumption; (b) characteristics; (c) indicator of long-run investment or relocation decisions. 3. considered to be able to pass on more of the cost of allowances in product prices, and shall be allocated allowances free of charge for the period up to 2030 at 30% of the quantity determined in accordance with the measures adopted pursuant to Article 10a. 4. Commission shall adopt a delegated act for the preceding paragraphs for activities at a 4-digit level (NACE-4 code) as concerns paragraph 1, in accordance with Article 23, based on data for the three most recent calendar years available. Article 10c Option for transitional free allocation for the modernisation of the energy sector 1. to (5), Member States which had in 2013 a GDP per capita in € at market prices below 60% of the Union average may give a transitional free allocation to installations for electricity production for the modernisation of the energy sector. 2. organise a competitive bidding process for projects with a total amount of investment exceeding €10 million to select the investments to be financed with free allocation. This competitive bidding process shall: (a) transparency, non-discrimination, equal treatment and sound financial management; (b) contribute to the diversification of their energy mix and sources of supply, the necessary restructuring, environmental upgrading and retrofitting of the infrastructure, clean technologies and modernisation of the energy production, transmission and distribution sectors are eligible to bid; (c) and non-discriminatory selection criteria for the ranking of projects, so as to ensure that projects are selected which: (i) on the basis of a cost-benefit analysis, ensure a net positive gain in terms of emission reduction and realise a pre-determined significant level of CO2 reductions; (ii) are additional, clearly respond to replacement and modernisation needs and do not supply a market-driven increase in energy demand; (iii) By 30 June 2019, any Member State intending to make use of optional free allocation shall publish a detailed national framework setting out the competitive bidding process and selection criteria for public comment. Where investments with a value of less than €10 million are supported with free allocation, the Member State shall select projects based on objective and transparent criteria. The results of this selection process shall be published for public comment. On this basis, the Member State concerned shall establish and submit a list of investments to the Commission by 30 June 2019. 3. investments shall at least equal the market value of the free allocation, while taking into account the need to limit directly linked price increases. The market value shall be the average of the price of allowances on the common auction platform in the preceding calendar year. 4. be deducted from the quantity of allowances that the Member State would otherwise auction. The total free allocation shall be no more than 40% of the allowances which the Member State concerned receives in the period 2021-30 pursuant to Article 10(2)(a) spread out in equal annual volumes over the period from 2021-30. 5. made upon demonstration that an investment selected according to the rules of the competitive bidding process has been carried out. 6. benefiting electricity generators and network operators to report by 28 February of each year on the implementation of their selected investments. Member States shall report on this to the Commission, and the Commission shall make such reports public."possible current and projected market profit margins as a potential Other sectors and sub-sectors are By 31 December 2019, the By derogation from Article 10a(1) The Member State concerned shall comply with the principles of ensure that only projects which define clear, objective, transparent offer best value for money; The value of the intended Transitional free allocations shall Allocations to operators shall be Member States shall require
Amendment 458 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Amendment 524 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 1
Article 10c – paragraph 1
1. By derogation from Article 10a(1) to (5), Member States which had in 2013 a GDP per capita in €EUR at market prices below 60% of the Union average may give a transitional free allocation to boost large- scale renewable energy installations for clean electricity production forthrough the modernisation of the energy sector.
Amendment 529 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/CE
Article 10c
Article 10c
Amendment 542 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 2 – subparagraph 1– point b
Article 10c – paragraph 2 – subparagraph 1– point b
(b) ensure that only projects which contribute to the diversification of their energy mixrenewable energy-related technologies and sources of supply, the necessary restructuring, environmental upgrading and retrofitting of the infrastructure, clean technologies and modernisation of the clean energy production, transmission and distribution sectors are eligible to bid;
Amendment 542 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 1
Article 10 c – paragraph 1
1. By derogation from Article 10a(1) to (5), Member States which had in 2013 a GDP per capita in € at market prices below 60% of the Union average may give a transitional free allocation to boost large scale renewables installations for clean electricity production forthrough the modernisation of the energy sector.
Amendment 567 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 2 – letter b
Article 10 c – paragraph 2 – letter b
(b) ensure that only projects which contribute to the diversification of their energy mix and renewable sources of supply, the necessary restructuring, environmental upgrading and retrofitting of the infrastructure, clean technologies and modernisation of the renewable energy production, transmission and distribution sectors are eligible to bid;
Amendment 589 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 1 – subparagraph 1
Article 10d – paragraph 1 – subparagraph 1
A fund to support investments in modernising energy systems by boosting large-scale renewable energy projects and improving energy efficiency in Member States with a GDP per capita below 60% of the Union average in 2013 shall be established for the period 2021-30 and financed as set out in Article 10.
Amendment 605 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 2
Article 10d – paragraph 2
2. The fund shall also finance small- scale investment projects in the modernisation of renewable energy systems and energy efficiency. To this end, the investment board shall develop guidelines and investment selection criteria specific to such projects.
Amendment 619 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 1
Article 10 d – paragraph 1
A fund to support investments in modernising energy systems by boosting large scale renewables and improving energy efficiency in Member States with a GDP per capita below 60% of the Union average in 2013 shall be established for the period 2021-30 and financed as set out in Article 10.
Amendment 647 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 2
Article 10 d – paragraph 2
2. The fund shall also finance small- scale investment projects in the modernisation of renewable energy systems and energy efficiency. To this end, the investment board shall develop guidelines and investment selection criteria specific to such projects.
Amendment 653 #
Proposal for a directive
Article 1 – point 7 a (new)
Article 1 – point 7 a (new)
Directive 2003/87/EC
Article 10d a (new)
Article 10d a (new)
(7a) The following Article is inserted: 'Article 10da Solidarity fund for decarbonisation A fund to support local communities and workers in regions most strongly affected by the on-going transition to a decarbonised economy shall be established for the period 2021-2030 and financed by at least 100 million allowances. The resources of the fund shall be used for investments aimed at creating jobs in alternative economic activities in regions where traditional carbon-intensive sectors will lose a large number of jobs as a result of decarbonisation. Such a fund shall finance job training and other employment and healthcare services for workers and communities impacted by the closure of specific plants. A specific plan shall be developed by each Member State applying to use the resources of this fund, in close partnership with the municipal and local authorities as well as with social partners and civil society organisations.'
Amendment 656 #
Proposal for a directive
Article 1 – point 7 b (new)
Article 1 – point 7 b (new)
Directive 2003/87/EC
Article 10d b (new)
Article 10d b (new)
(7 b) The following Article is inserted: 'Article 10db International Climate Fund An International Climate Fund to support climate action in Least Developed Countries, in particular for adaptation to the impacts of climate change, in the context of the United Nations Green Climate Fund, shall be established for the period 2021-2030 and financed with at least 300 million allowances.'
Amendment 657 #
Proposal for a directive
Article 1 – point 7 a (new)
Article 1 – point 7 a (new)
Directive 2003/87/EC
Article 11 – paragraph 1 – subparagraph 1
Article 11 – paragraph 1 – subparagraph 1
(7a) In Article 11, the first subparagraph of paragraph 1 is replaced by the following: 'Each Member State shall publish and submit to the Commission, by 30 September 2011, the list of installations covered by this Directive in its territory and any free allocation to each installation in its territory calculated in accordance with the rules referred to in Article 10a(1) and Article 10c.'
Amendment 665 #
Proposal for a directive
Article 1 – point 8 a (new)
Article 1 – point 8 a (new)
Directive 2003/87/EC
Article 11 – paragraph 2
Article 11 – paragraph 2
(8a) In Article 11, the second paragraph is replaced by the following: '2. By 28 February of each year, the competent authorities shall issue the quantity of allowances that are to be allocated for that year, calculated in accordance with Articles 10, 10a and 10ca.'
Amendment 668 #
Proposal for a directive
Article 1 – point 10 a (new)
Article 1 – point 10 a (new)
Directive 2003/87/EC
Article 12 – paragraph 1
Article 12 – paragraph 1
(10a) In Article 12, the first paragraph is replaced by the following: '1. Member States shall ensure that allowances can be transferred between: (a) (b) persons in third countries, where such allowances are recognised in accordance operators within the Union.' persons within the procedure referred to in Article 25 without restrictions other than those contained in, or adopted pursuant to, this Directive.'Community; persons within the Community and
Amendment 670 #
Proposal for a directive
Article 1 – point 10 b (new)
Article 1 – point 10 b (new)
Directive 2003/87/EC
Article 12 – paragraph 3a
Article 12 – paragraph 3a
Amendment 673 #
Proposal for a directive
Article 1 – point 11
Article 1 – point 11
Directive 2003/87/EC
Article 13
Article 13
Allowances issued from 1 January 2013 onwards shall be valid indefinitelyuntil the end of the current trading period. Allowances issued from 1 January 2021 onwards shall include an indication showing in which ten-year period beginning from 1 January 2021 they were issued, and be valid for emissions from the first year of that period onwardsequally be cancelled by the end of the fourth trading period.
Amendment 693 #
Proposal for a directive
Article 1 – point 22
Article 1 – point 22
Directive 2003/87/EC
Article 25a – paragraph 1 – subparagraph 2
Article 25a – paragraph 1 – subparagraph 2
Where necessary, the Commission may adopt amendmentssubmit a legislative proposal to the European Parliament and Council to provide for flights arriving from the third country concerned to be excluded from the aviation activities listed in Annex I or to provide for any other amendments to the aviation activities listed in Annex I which are required by an agreement pursuant to the fourth subparagraph. The Commission shall be empowered to adopt such amendments in accordance with Article 23.
Amendment 715 #
Proposal for a directive
Article 1 – point 22 f (new)
Article 1 – point 22 f (new)
Directive 2003/87/EC
Article 30 a (new)
Article 30 a (new)
(22f) The following Article is inserted: 'Article 30a Adjustments upon global stocktake under the UNFCCC and the Paris Agreement Within six months of the facilitative dialogues to be convened under the UNFCCC in 2018 to take stock of the collective efforts of Contracting Parties in relation to the progress towards the global long-term goal, and within six months of the global stocktake in 2023 and subsequent global stocktakes thereafter, the Commission shall submit a report assessing the need to update and enhance the Union's climate action. The report shall be accompanied by legislative proposals, as appropriate. In its report, the Commission shall assess in particular the appropriate increase of the linear factor referred to in Article 9 and the necessity for additional policies and measures enhancing the greenhouse gas reduction commitments of the Union and of the Member States.'
Amendment 715 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 e (new)
Article 10 e (new)
7a. The following Article 10e is inserted: A fund to support local communities and workers in regions impacted most strongly by the ongoing transition to a decarbonised economy shall be established for the period 2021-30 and be financed with at least 100 million allowances; The fund's resources shall be used for investments aiming at creating jobs in alternative economic activities in regions where traditional carbon intensive sectors will lose a large number of jobs as a result of decarbonisation. Such a fund should finance job training and other employment and health services for workers and communities impacted by the closure of specific plants A specific plan shall be developed by each Member State applying to utilise resources from this fund, in close partnership with the municipal and local authorities of the transformation regions as well as the social partners and civil society organisations.
Amendment 716 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
New article
New article
7b. The following Article 10f is inserted: An International Climate Fund to support climate action in Least Developed Countries, in particular for adaptation to the impacts of climate change, through the United Nations Green Climate Fund shall be established for the period 2021-30 and be financed with at least 300 million allowances;
Amendment 736 #
Proposal for a directive
Article 1 – paragraph 1 – point 11
Article 1 – paragraph 1 – point 11
Directive 2003/87/EC
Article 13
Article 13
Allowances issued from 1 January 2013 onwards shall be valid indefinitelyuntil the end of the current trading period. Allowances issued from 1 January 2021 onwards shall include an indication showing in which ten-year period beginning from 1 January 2021 they were issued, and be valid for emissions from the first year of that period onwards.equally be cancelled by the end of the fourth period
Amendment 770 #
Proposal for a directive
Article 1 – paragraph 1 – point 25 a (new)
Article 1 – paragraph 1 – point 25 a (new)
Directive 2003/87/EC
New Article
New Article
(25a) The following article shall be inserted after Article 28 and before Article 28a: "Article 28 -a Adjustments upon global stocktake under the UNFCCC and the Paris Agreement Within six months of the facilitative dialogue to be convened under the UNFCCC in 2018 to take stock of the collective efforts of Parties in relation to progress towards the global long-term goal, and within six months of the global stocktake in 2023 and subsequent global stocktakes thereafter, the Commission shall submit a report assessing the need to update and enhance the Union's climate action. The report shall be accompanied by legislative proposals, as appropriate. In its report, the Commission shall assess in particular the appropriate increase of the linear factor referred to in Article 9 and the necessity for additional policies and measures enhancing the greenhouse gas reduction commitments of the Union and of Member States. "