Proposal for a regulation
Article 1 – paragraph 1 – point 7
Regulation (EU) 2018/842
Article 11a
(7) The following article is inserted: ‘ Article 11a Additional reserve 1. If, by 2030, the Union has reduced net greenhouse gas emissions by at least 55% compared to 1990 levels in compliance with Article 3 of Regulation (EU) 2021/1119 of the European Parliament and of the Council**, and taking into account the maximum limit of the contribution of net removals, an additional reserve shall be established in the Union Registry. 2. Member States which decide to neither contribute nor benefit from the additional reserve shall notify their decision to the Commission no later than six months after the entry into force of this Regulation. 3. consist of the net removals that participating Member States have generated in the period 2026 to 2030 in excess of their respective targets pursuant to Regulation (EU) 2018/841, after deduction of both of the following: (a) Articles 11 to 13b of Regulation (EU) 2018/841; (b) the quantities taken into account for compliance pursuant to Article 7 of this Regulation. 4. If an additional reserve is set up pursuant to paragraph 1, a participating Member State may benefit from it if the following conditions are fulfilled: (a) the greenhouse gas emissions of the Member State exceed its annual emission allocations in the period from 2026 to 2030; (b) the flexibilities pursuant to Article 5(2) and (3); (c) maximum use possible of net removals in accordance with Article 7, even if that quantity does not reach the level set in Annex III; and (d) transfers to odeleted The additional reserve shall any flexibilities used under the Member State has exhausted ther Member States under Article 5. 5. conditions set out in paragraph 4, it shall receive an additional quantity from the additional reserve up to its shortfall to be used for compliance under Article 9. If the resulting collective quantity to be received by all of the Member States which fulfil the conditions set out in paragraph 4 of this Article exceeds the quantity allocated to the additional reserve under paragraph 3 of this Article, the quantity to be received by each of those Member States shall be reduced on a pro rata basis.’ ** Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’) (OJ L 243, 9.7.2021, p. 1). ’ has made the the Member State has made no net If a Member States fulfils the