50 Amendments of Dan NICA related to 2015/0148(COD)
Amendment 60 #
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. Implementing the ambition decided in the 2030 framework contributes to delivering a meaningful carbon price and continuing to stimulate cost-efficient greenhouse gas emission reductions. Regrets that the carbon price signal is right now too weak to induce low carbon investment in EU for industries. Whereas the EU is facing a serious investment leakage to third countries, whereas on the other hand a number of undertakings have been pursuing strategies focusing on short-term financial returns at the detriment of innovation, investments in R&D, employment and skills 'renewal; whereas production innovation has a positive effect on employment growth in all phases of the business cycle of industries; whereas involving workers in innovation and strategy definition is the best way to guarantee economic and environmental success. __________________ 17 COM(2015)80, establishing a Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy
Amendment 86 #
Proposal for a directive
Recital 6 a (new)
Recital 6 a (new)
(6a) Notes that the European Union is clear on its intention to maintain its Emissions Trading System (ETS) as the centrepiece of EU climate policy; Observe that the People’s Republic of China announced its plans for a national ETS to start in 2017; Considers that since January 2015, California and Quebec carbon markets have been linked; Emphasized that Korea launched a national ETS in 2015, becoming the first nation-wide trading program in Asia.
Amendment 87 #
Proposal for a directive
Recital 6 b (new)
Recital 6 b (new)
(6b) Whereas the EU industry is facing a race against time in order to regain its global competitiveness and capacity to invest in Europe and hence meet the social and environmental challenges it faces and which it must overcome while remaining a reference for the world in terms of the social and environmental responsibility of its operations;
Amendment 100 #
Proposal for a directive
Recital 8
Recital 8
(8) In order to reflect technological progress in the sectors concerned and adjust them to the relevant period of allocation, provision should be made for the values of the benchmarks for free allocations to installations, determined on the basis of data from the years 2007-8, to be updated in line with observed average improvement. For reasons of predictability, this should be done through applying a factor that represents the best assessment of progress across sectors, which should then take into account robust, objective and verified data from installations so that sectors whose rate of improvement differs considerably from this factor have a benchmark value closer to their actual rate of improvement. Where the data shows a difference from factor reduction of more than 0.5% of the should be determined on the basis of data from the years 20017-8 value higher or lower per year over the relevant period, the related benchmark value shall be adjusted by that percentage. To ensure a level playing field for the production of aromatics, hydrogen and syngas in refineries and chemical plants, the benchmark values for aromatics, hydrogen and syngas should continue to be aligned to the refineries benchmarks2018.
Amendment 112 #
Proposal for a directive
Recital 8 b (new)
Recital 8 b (new)
(8b) Considers the necessity of enhanced transparency framework; requires new standards for reporting and review of all nations' climate efforts will provide a foundation for building confidence not only in nations' actions but also for the use of high-integrity carbon markets to drive the deep emissions reductions called for by science.
Amendment 125 #
Proposal for a directive
Recital 9
Recital 9
(9) Member States should partiafully compensate, in accordance with state aid rules, certaindirect costs for 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 128 #
Proposal for a directive
Recital 9 a (new)
Recital 9 a (new)
(9a) Whereas the increase of the CO2 price would drive an investment shift to cleaner sources and processes, it has also potentially adverse effects on employment and purchasing power of the European citizens. The EU should monitor the social effects of CO2 price in order to avoid more inequalities and to incentivise job creation.
Amendment 132 #
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), capture and re-use of CO2 (CCU), 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/CCU facilities and innovative renewable energy technologies, EU ETS allowances should be used to provide guaranteed rewards for deployment of CCS/CCU 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 136 #
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 in line with the Union's 2030 and 2050 climate&energy goals, while avoiding distortions of the internal energy market. 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 ensurrules and eligibility criteria of this Fund should be set ing 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 Stateis Directive, but the governance and steering should be up to the beneficiary Member-States, assisted by an advisory board which composition combines local inputs, financial expertise, social partners’ dialogue and civil society views. 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 146 #
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 €1EUR 20 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 sector in line with the Energy Union objectives. Investments with a value of less than €1EUR 20 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 153 #
Proposal for a directive
Recital 12 a (new)
Recital 12 a (new)
(12a) Whereas financial support for regions and sectors which depend on carbon-intensive activities will be essential to implementing a just transition in Europe. The impact of the energy transition on these regions and sectors has to be better assessed and taken into account especially considering the future of those workers who will be affected.
Amendment 155 #
Proposal for a directive
Recital 13
Recital 13
(13) EU ETS funding should be coherent with other Union funding programmes, including European Structural and Investment Funds, Horizon 2020 and the European fund for Strategic investments so as to ensure the effectiveness of public spending.
Amendment 174 #
Proposal for a directive
Article 1 – paragraph – point -1 (new)
Article 1 – paragraph – point -1 (new)
Directive 2003/87/EC
Article 1 – paragraph
Article 1 – paragraph
-1 In Article 1, paragraph 1 is replaced by the following: " "This Directive establishes a scheme for greenhouse gas emission allowance trading within the Community (hereinafter referred to as the 'Community scheme') in order to promote reductions of greenhouse gas emissions in a cost-effective and economically efficient manner." as well as the sustainable strengthening of the Union's industrial base against the risk of carbon and investment leakage."." Or. en (Directive 2003/87/EC)
Amendment 182 #
Proposal for a directive
Article 1 – paragraph 1 – point 2 a (new)
Article 1 – paragraph 1 – point 2 a (new)
Article 6
Paragraph 2
Amendment 230 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point b d (new)
Article 1 – paragraph 1 – point 4 – point b d (new)
Article 10
Paragraph 3 (e)
(bd) In paragraph 3, the point (e) is complemented as follows: the environmentally safe capture and re- use of CO2 (CCU).
Amendment 258 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point d c (new)
Article 1 – paragraph 1 – point 4 – point d c (new)
Article 10
Paragraph 5b
(dc) A new paragraph 5b is added: The Commission shall publish every two years on the basis of a harmonised information from Member-States the impact of the ETS carbon price on the purchasing power of the citizens. On this basis, the Member-States are invited to compensate the impact of the ETS carbon price on the purchasing power of households in situation of energy poverty.
Amendment 270 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a
Article 1 – paragraph 1 – point 5 – point a
Directive 2003/87 EC
Article 10a - paragraph 1 - second subparagraph
Article 10a - paragraph 1 - second subparagraph
The Commission shall be empowered to adopt a delegated act in accordance with Article 23. This act shall also provide for additional allocation from the new entrants reserve for significant production increases by applying the same thresholds and allocation adjustments as apply in respect of partial cessations of operation. The act shall also provide for measures for the transfer of allowances in the event of plant rationalisation. Thresholds and reference years should allow for the use of recent (year N-2) production data.
Amendment 278 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 1 – paragraph 1 – point 5 – point a a (new)
Article 10a
Paragraph 1
(aa) The third paragraph of paragraph 1 is modified as follows: The measures referred to in the first subparagraph shall, to the extent feasible, determine Community-wide ex-ante benchmarks so as to ensure that allocation takes place in a manner that provides incentives for reductions in greenhouse gas emissions and energy efficient techniques, by taking account of the most efficient techniques, substitutes, alternative production processes, high efficiency cogeneration, efficient energy recovery of waste gases, use of biomass, capture and re-use of CO2 and capture and storage of CO2, where such facilities are available, and shall not provide incentives to increase emissions. No free allocation shall be made in respect of any electricity production, except for cases falling within Article 10c and electricity produced from waste gases.
Amendment 301 #
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 – paragraph 2 – third subparagraph
Article 10 a – paragraph 2 – third subparagraph
The benchmark values for free allocation shall be adjustedestablished before every trading period taking into consideration the whole amount of CO2 from waste gases used for electricity production in order to avoid windfall profits and reflect the verified and proven technological progress inof 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 base10% most efficient installations in a sector or sub sector in the Union in the years 2017 and 2018 for the 2020-2030 period. Benchmarks shall be set on the basis of objective, fair and non 2007-8 data in respect of each year between 2008 and the middle of the relevant period of free allocation, unless:- discriminatory criteria.
Amendment 314 #
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 – paragraph 2 – third subparagraph – point i
Article 10 a – paragraph 2 – third subparagraph – point i
(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; As of the fourth trading period, the Commission shall update the benchmarks in individual sectors and subsectors on the basis of the average emission intensity of the 10% most efficient installations in the 5th and 4th last year preceding the relevant trading period. In determining the benchmarks the Commission shall only utilise data that is exclusively representative, robust, transparent and easily available, and shall opt as a preference for data determined in accordance with Articles 14 and 15 of this Directive. When establishing and updating the benchmarks, the Commission shall consult the relevant stakeholders, including the sectors and subsectors concerned.
Amendment 342 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point b a (new)
Article 1 – paragraph 1 – point 5 – point b a (new)
Directive 2003/87/EC
Article 10a – paragraph 3
Article 10a – paragraph 3
(ba) In Article 10a, paragraph 3 is replaced by the following: "3. Subject to paragraphs 4 and 8, and notwithstanding Article 10c, no free allocation shall be given to electricity generators, to installations for the capture of CO2, to pipelines for transport of CO2 or to CO2 storage sites." (http://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:02003L0087-, except for electricity produced from waste gases where the whole amount of CO2 shall be included as free allocation." Or. en 20151029&from=EN)
Amendment 352 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point c
Article 1 – paragraph 1 – point 5 – point c
Directive 2003/87/EC
Article 10 a (c) paragraph (5) is replaced by the following text:
Article 10 a (c) paragraph (5) is replaced by the following text:
In order to respect the auctioning share set out in Article 10, the sum of free allocations in every year where the sum of free allocations does not reach the maximum level that respects the Member State auctioning share, the remaining allowances up to that level shall be used to prevent or limit reduction of free allocations to respect the Member State auctioning share in later years. Where, nonetheless, the maximum level is reached, free allocationsit shall be adjusted accordingly. Any such adjustment shall be done in a uniform mannerwith allowances in accordance with paragraph 7.
Amendment 361 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Directive 2003/29 CE
Article 10 a, paragraph 6
Article 10 a, paragraph 6
Amendment 393 #
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 - first subparagraph
Article 10a - paragraph 7 - first subparagraph
Allowances from the maximum amount referred to Article 10a(5) of this Directive which were not allocated for free up to 2020 shall be set aside for new entrants and significant production increases, and for adjusting the maximum level of free allocation laid down in paragraph 5 together with 250 million allowances placed in the market stability reserve pursuant to Article 1(3) of Decision (EU) 2015/… of the European Parliament and of the Council(*).
Amendment 437 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Directive 2003/ 87 EC
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, CCU, energy efficiency savings and innovative renewable energy technologies/concepts that are not yet commercially viable in geographically balanced locations. In order to promote innovative projects, up to 6075% 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 476 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
1. Sectors and sub-sectors where the product exceeds 0.2 from multiplyingwhere their intensity of trade with third countries exceeds 15%, 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), byand their emission intensity exceeds 5,5, measured in kgCO2 divided by their gross value added (in €), shall be deemed to be at very high 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.
Amendment 482 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87 EC
Article 10b – paragraph 2
Article 10b – paragraph 2
2. Sectors and sub-sectors where the product from multiplyingwhere their intensity of trade with third countries byexceeds 5% and their emission intensity is above 0.18 may be included in the group referred to in paragraph 1,exceeds 2 shall be allocated allowances free of charge for the period up to 2030 at 70% onf the basis of a qualitative assessment using the following criteria:quantity determined in accordance with the measures adopted pursuant to Article 10a.
Amendment 494 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87 EC
Article 10b – paragraph 2 - point a
Article 10b – paragraph 2 - point a
Amendment 497 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87 EC
Article 10b – paragraph 2 – point b
Article 10b – paragraph 2 – point b
Amendment 498 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87 EC
Article 10b – paragraph 2 – point c
Article 10b – paragraph 2 – point c
Amendment 513 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10b
Paragraph 3 a (new)
3a. A revision of the sectors concerned by the carbon leakage criteria should be realised in 2025.
Amendment 536 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10b
Paragraph 4 b (new)
4b. A border adjustment mechanism is put in place by the 1st January 2021 in conformity with international trade rules and in particular WTO rules to create a level playing field between European producers under ETS and extra- European producers for imports as well as for exports ; this border adjustment mechanism is applicable only for products and goods concerned by the ETS and with countries which have no equivalent and comparable system aiming at giving a price to CO2; for that very reason it's a temporary measure designed to vanish when a global CO2 price is adopted. The Commission should integrate the climate change policy and the ETS in particular in its negotiations of free trade agreements with other countries. The Commission has to engage discussions with others countries to articulate the ETS with other systems which give a price to CO2 with the target to make them compatible in order to create a level playing field.
Amendment 544 #
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 installations for electricity and heat production (including CHP) for the modernisation of the energy sector.
Amendment 562 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10 c
Paragraph 2 (b)
(b) ensure that only projects which 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, as well as energy efficiency and energy storage are eligible to bid;
Amendment 590 #
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 – third subparagraph
Article 10 c – paragraph 2 – third subparagraph
Where investments with a value of less than €1EUR 20 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 and a list of investments shall be submitted to the Commission by 30 June 2019.
Amendment 600 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 3
Article 10 c – paragraph 3
3. The value of the intended 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. As a minimum, 75% of the relevant costs of investments may be covered.
Amendment 625 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
The investments supported shall be proposed by beneficiary Member States and be consistent with the aims and criteria of this Directive and of the European Fund for Strategic Investments, as well as with the global EU energy and climate goals for 2030 and 2050.
Amendment 640 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 2
2. The fund shall also finance small- scale investment projects in the modernisation of energy systems and energy efficiency. To this end, the investment board shall developbeneficiary Member States shall develop national rules, guidelines and investment selection criteria specific to such projects in line with the objectives of the Fund and with the criteria set in paragraph 1 of this Article, while taking due account of the opinion of the advisory board referred to in paragraph 4.
Amendment 651 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 3
3. The funds shall be distributedEIB is responsible for the monetisation in equal volume each year of the 2% allowances referred to in Article 10. The EIB should define the monetisation calendar in consultation with the beneficiary Member States. The funds shall be distributed among the beneficiary Member States based on a combination of a 50% share of verified emissions and a 50% share of GDP criteria, leading to the distribution set out in Annex IIb.
Amendment 659 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4 – subparagraph 1
The fund shall be governed by an investment boardbeneficiary Member States shall be responsible for the governance of the Fund. They shall be assisted by and a management committeedvisory board, which shall be composed of representatives from the beneficiary Member States, the Commission, the EIB and, three representativeexperts selected by the other Member States for a period of 5 years. The investment board shall be responsible to determine an Union-level investment policy, appropriat and three individuals from interested parties (industrial federations, trade unions and NGOs) without voting rights. The advisory board shall take financing instruments and investment selection criteria. The management committo account Member States circumstances and specificities and shall guarantee procedural transparency and accountability of the selection process. The beneficiary Member Statees shall be responsible for the day-to-day management of the fund.
Amendment 668 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4 – subparagraph 1 a (new)
A new subparagraph is inserted: The selection of the eligible projects shall be made by the beneficiary Member States. This selection process and the list of ranked projects both selected and not, shall be public. The whole process shall abide by the criteria set in this Directive and take due account of the advisory board's opinion.
Amendment 674 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4 – subparagraph 2
The investment board shall elect a representative from the Commission as chairman. The investmentchairmanship of the advisory board shall be elected from its members based on a one-year-term rotation model. The advisory board shall strive to take decisions by consensus. If the investmentadvisory board is not able to decide by consensus within a deadline set by the chairman, the investmentadvisory board shall take a decision by simple majority.
Amendment 680 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4
Amendment 693 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 4
If the EIB recommends not financing an investment and provides reasons for this recommendation based on this Directive, a decision shall only be adopted if a majority of two-thirds of all members vote in favour. The Member State in which the investment will take place and the EIB shall not be entitled to cast a vote in this case. For small projects funded through loans provided by a national promotional bank or through grants contributing to the implementation of a national programme serving specific objectives in line with the objectives of the Modernisation Fund, provided that not more than 10% of the Member States' share set out in Annex IIb is used under the programme, the two preceding sentences shall not apply.
Amendment 700 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 5
5. The beneficiary Member States shall report annually to the management committeeadvisory board on investments financed by the fund. The report shall be made public and include:
Amendment 709 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Article 10 d
Paragraph 6
6. Each year, the management committeeadvisory board shall report to the Commission on experience with the evaluation and selection of investments. The Commission shall review the basis on which projects are selected by 31 December 2024 and, where appropriate, make proposals to the management committeeadvisory board.
Amendment 717 #
Proposal for a directive
Article 1 – paragraph 1 – point 7 a (new)
Article 1 – paragraph 1 – point 7 a (new)
(7a) The following Article 10e is inserted: Article 10e Just Transition Fund A Just Transition Fund is created as of 2021 as a complement to the European Regional Development Fund and the European Social Fund; it is funded through the pooling of 2% of the auctioning revenues. The revenues of these auctions would remain at the EU level, with the goal to use them for cushioning the social impact of climate policies in regions which combine a high share of workers in carbon-dependent sectors and a GDP per capita well below the EU-average. These auctioning revenues aimed at just transition can be put to use in different ways: - Creating redeployments and/or mobility cells - Education/Training initiatives to re-skill or upskill workers - Support in job search, including paid time-off to search for jobs - Social protection measures - Subsistence allowances - Business creation - Monitoring and pre-emptive measures to avoid or minimise the negative impact of restructuring process on physical and mental health. The core activities to be financed by a Just Transition Fund being strongly related to the labour market, social partners should be actively involved into the fund management – on the model of the ESF committee – and the participation of local social partners should be a key requirement for projects to get funding.
Amendment 731 #
Proposal for a directive
Article 1 – paragraph 1 – point 8 a (new)
Article 1 – paragraph 1 – point 8 a (new)
Directive 2003/87/EC
Article 11 – paragraph 1 – third subparagraph (new)
Article 11 – paragraph 1 – third subparagraph (new)
(8a) In Article 11, paragraph 1, the following subparagraph is added: 'Member States shall be entitled to take the appropriate measures in order to adjust and reduce the burden produced by the ETS mechanism, if that mechanism would determine an increase in energy prices for European households and industry or create an excessive burden and reduce Union competitiveness.'.
Amendment 741 #
Proposal for a directive
Article 1 – paragraph 1 – point 12 a (new)
Article 1 – paragraph 1 – point 12 a (new)
Directive 2003/87/EC
Article 14 – paragraph 1 – third subparagraph (new)
Article 14 – paragraph 1 – third subparagraph (new)
(12a) In Article 14 (1) a new subparagraph is added: 'By 31 December 2018 the Commission shall adjust existing rules on monitoring and reporting of emissions as defined in Commission Regulation (EU) No 601/2012 in order to remove regulatory barriers to investment in more recent low carbon technologies such as carbon capture and usage (CCU). Such new rules shall be effective for all CCU technologies as of 1 January 2019.'.
Amendment 775 #
Proposal for a directive
Annex III a (new)
Annex III a (new)
Annex III a (new) – Financial compensation measures for indirect emission costs 1. List of sectors and subsectors deemed ex-ante to be exposed to a significant risk of carbon leakage due to indirect emission costs An installation is eligible to financial measures to compensate indirect emissions costs only if it is active in one of the sectors and subsectors deemed to be exposed to a significant risk of carbon leakage due to indirect emission costs. The Commission shall periodically deter- mine and differentiate the relevant sectors based on their trade intensity and their indirect emissions costs 2. Definition of Regional CO2 emission factors in different geographic areas (tCO2/MWh) In the present market design, the marginal cost of the market's marginal supplier (=system marginal cost) sets the market price in each regional market. Regional CO2 emissions factors shall be periodically determined as the weighted average of the CO2 intensity of electricity produced from fossil fuels in different geographic areas for one or more Member States based on Eurostat electricity generation data for the three most recent calendar years available. 3. Financial compensation measures per eligible installation The financial compensation measures payable per installation for the manufacture of products for eligible sectors and subsectors shall be calculated according to the following formula: Applicable regional CO2 emission factor (per geographic area)* daily average CO2 price (Dec one-year EUA forward) * electricity efficiency benchmarks (per product unit) * yearly output This formula defines the maximal compensation accessible per site, combining the common compensation from EU and any additional national support.