1 Amendments of Jessica POLFJÄRD related to 2021/0200(COD)
Amendment 328 #
Proposal for a regulation
Article 1 – paragraph 1 – point 6 a (new)
Article 1 – paragraph 1 – point 6 a (new)
Regulation (EU) 2018/842
Article 9 – paragraph 2 a (new)
Article 9 – paragraph 2 a (new)
(6a) In Article 9, the following paragraph is added: “2a. In 2027 and 2032, if the reviewed greenhouse gas emissions of a Member State exceeds its annual emission allocation for any specific year of the period, taking into account paragraph 2 of this Article and the flexibilities used pursuant to Articles 5, 6 and 7, a financial compensation shall be paid by the Member State concerned for every tonne of CO2 equivalent in excess of its allocation. The compensation shall be calculated as the average of the closing prices of EU ETS allowances for a tonne of CO2 equivalent on the common auction platform in accordance with the procedures laid down in Commission Regulation (EU) No 1031/20101a for the past three years multiplied by a factor of 1,25. Revenue from financial compensation shall constitute external assigned revenue. Half the revenue from any compensation paid shall be assigned to the fund established by Article 10a (8) of Directive 2003/87/EC of the European Parliament and of the Council1b and half to action on Union level towards Climate Change Mitigation and Adaptation as defined by Regulation (EU) 2021/783 of the European Parliament and of the Council1c, establishing a Programme for the Environment and Climate Action (the 'LIFE Programme') for the period of the multiannual financial framework 2021 to 2027, or any successor programme. Where appropriate, the Commission shall submit to the European Parliament and Council relevant legislative proposals to ensure that such revenue will be used for the said purpose.’ __________________ 1a1a Commission Regulation (EU) No 1031/2010 of 12 November 2010 on the timing, administration and other aspects of auctioning of greenhouse gas emission allowances pursuant to Directive 2003/87/EC of the European Parliament and of the Council establishing a scheme for greenhouse gas emission allowances trading within the Community (OJ L 302, 18.11.2010, p. 1). 1bDirective 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32). 1cRegulation (EU) 2021/783 of the European Parliament and of the Council of 29 April 2021 establishing a Programme for the Environment and Climate Action (LIFE), and repealing Regulation (EU) No 1293/2013 (OJ L 172, 17.5.2021, p. 53).