1 Amendments of Giorgos GRAMMATIKAKIS related to 2016/0231(COD)
Amendment 161 #
Proposal for a regulation
Article 5 – paragraph 4
Article 5 – paragraph 4
4. A Member States may agree on and may make arrangements for the transfer of up to 510% of itone Member State's annual emission allocation for a given year to another Member States. The Member State which transfers such an emission allocation shall invest the proceeds from the transfer of that emission allocation in projects that aim at reducing the emissions referred to in Article 2(1). The receiving Member State may use this quantity for compliance under Article 9 for the given year or for subsequent years until 2030.