Proposal for a directive – amending act
Article 1 - Point 7
Directive 2003/87/EC
Article 10 - paragraph 3 a (new)
3a. Revenues not used under paragraph 3, including all revenues from the auctioning referred to in paragraph 2(b), should be used: (a) to reduce greenhouse gas emissions, to adapt to the impacts of climate change and to fund research and development for reducing emissions and adaptation, including participation in initiatives within the framework of the European Strategic Energy Technology Plan; (b) to develop sustainable renewable energies to meet the commitment of the Community to using 20% renewable energies by 2020; (c) to meet the commitment of the Community to increase energy efficiency by 20% by 2020; (d) for the capture and geological storage of greenhouse gases, in particular from coal power stations; (e) to finance research and development in energy efficiency and clean sustainable technologies in the sectors covered by the scope of the Directive; (f) for additional measures to avoid deforestation, to promote sustainable afforestation and forest management in Europe and produce and mobilise sustainable biomass in the Community; (g) to address social aspects in lower and middle income households, for example by increasing their energy efficiency and insulation; (h) to encourage a shift to low emission forms of transport, including modal shift, and to offset the increased cost of power for electric traction in the rail sector; and (i) to cover administrative expenses of the management of the Community scheme.