85 Amendments of Marian-Jean MARINESCU related to 2015/0148(COD)
Amendment 73 #
Proposal for a directive
Recital 6
Recital 6
(6) The auctioning of allowances remains the general rule, with free allocation as the exception. Consequently, and as confirmed by the European Council, the share of allowances to be auctioned, which was 57% over the period 2013-2020, should not be reduced. The Commission's Impact Assessment18 provides details on the auction share and specifies that this 57% share is made up of allowances auctioned on behalf of Member StaThe share of allowances to be auctioned should not be fixed in order to guarantee long-term sustainability of the ETS systesm, including allowances set aside for new entrants but not allocated, allowances for modernising electricity generation in some Member States and allowances which are to be auctioned at a later point in time because of their placement in the Market Stability Reserve established by Decision (EU) 2015/… of the European Parliament and of the Council19 troduce flexibility for different decarbonisation sectors and therefore enable the transfer of allowances from the auctioning share to the free allowances share. __________________ 19 Decision (EU) 2015/… of the European Parliament and of the Council of … concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and amending Directive 2003/87/EC (OJ L […], […], p. […]).
Amendment 97 #
Proposal for a directive
Recital 7 a (new)
Recital 7 a (new)
Amendment 119 #
Proposal for a directive
Recital 6
Recital 6
(6) The auctioning of allowances remains the general rule, with free allocation as the exception. Consequently, and as confirmed by the European Council, the share of allowances to be auctioned, which was 57% over the period 2013-2020, should not be reduced. The Commission's Impact Assessment18 provides details on the auction share and specifies that this 57% share is made up of allowances auctioned on behalf of Member States, including allowances set aside for new entrants but not allocated, allowanThe share of allowances to be auctioned should not be fixed in order to guarantee long-term sustainability of the EU ETS system, introduces for modernising electricity generation in some Member States and allowances which are to be auctioned at a later point in time because of their placement in the Market Stability Reservlexibility for different decarbonisation sectors and therefore estnablished by Decision (EU) 2015/… of the European Parliament and of the Council19 . __________________ 18 19Decision (EU) 2015/… of the European Parliament and of the Council of … concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and amending Directive 2003/87/EC (OJ L […], […], p. […]).e the transfer of allowances from the auctioning share to the free allowances share. SEC(2015)XX
Amendment 120 #
Proposal for a directive
Recital 9
Recital 9
(9) Member States should partially compensate, in accordance with state aid rules, certain installations in sectors or sub-direct costs for sectors or sub-sectors (including electricity intensive 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 132 #
Proposal for a directive
Recital 7 c (new)
Recital 7 c (new)
(7c) The qualitative assessment possibility should continue to be available to all sectors and subsectors regardless of their quantitative assessment criteria which are too narrow and do not reflect the characteristics of some sectors.
Amendment 147 #
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 €120 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 €120 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 149 #
Proposal for a directive
Recital 9
Recital 9
(9) Member States should partially compensate, in accordance with state aid rules, certain installations in sectors or sub-direct costs for sectors or sub-sectors (including electricity intensive 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 165 #
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 187 #
Proposal for a directive
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Directive 2003/87
Article 9
Article 9
Amendment 192 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a – introductory part
Article 1 – paragraph 1 – point 4 – point a – introductory part
(a) threewo new subparagraphs are added to paragraph 1:
Amendment 194 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a
Article 1 – paragraph 1 – point 4 – point a
Directive 2003/87
Article 10 – paragraph 1 – subparagraph 2
Article 10 – paragraph 1 – subparagraph 2
Amendment 219 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a
Article 1 – paragraph 1 – point 4 – point a
Directive 2003/87
Article 10 – paragraph 1 – subparagraph 2
Article 10 – paragraph 1 – subparagraph 2
[X%] of the total quantity of allowances between 2021 and 2030 shall be auctioned to establish a common compensation scheme as set out in article 10a, paragraph 6, of this Directive.
Amendment 229 #
Proposal for a directive
Article 1 – point 4 – point a
Article 1 – point 4 – point a
Directive 2003/87/EC
Article 10 – paragraph 1 – subparagraph 2
Article 10 – paragraph 1 – subparagraph 2
Amendment 252 #
Proposal for a directive
Article 1 – point 4 – point a
Article 1 – point 4 – point a
Directive 2003/87/EC
Article 10 – paragraph 1 – subparagraph 3
Article 10 – paragraph 1 – subparagraph 3
Amendment 296 #
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
Article 10 a – paragraph 2
The benchmark values for free allocation shall be adjusted in order to avoid windfall profits and reflect technological progress in the period between 20017-2018 and each later period for which free allocations are determined in accordance with Article 11(1). This adjustmee starting point shall reducbe the benchmark values set by the act adopted pursuant to Article 10a by 1% of the value that was set based on 2007-8 data in respect of each year between 2008 and the middle of the relevant period of free allocation, unless:average performance of the 10% most efficient installations in a sector or subsector in the Community in the years 2017-18. The Commission shall consult the relevant stakeholders, including the sectors and subsectors concerned.
Amendment 317 #
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
Article 10 a – paragraph 2
(i) On the basis of information submittedThe benchmarks shall be reviewed once at the beginning of the trading period. The regulations pursuant to Articles 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;4 and 15 shall provide for harmonised rules on monitoring, reporting and verification of production- related greenhouse gas emissions with a view to determining the ex-ante benchmarks.
Amendment 327 #
Proposal for a directive
Article 1 – point 5 – point b
Article 1 – point 5 – point b
Directive 2003/87/EC
Article 10a – paragraph 2 – subparagraph 3 – introductory part
Article 10a – paragraph 2 – subparagraph 3 – introductory part
The benchmark values for free allocation shall be adjusted in order to avoid windfall profits and reflect technological progress in the period between 2007-17 and 2018 and each later period for which free allocations are determined in accordance with Article 11(1). This adjustmee starting point shall reducbe the benchmark values set by the act adopted pursuant to Article 10a by 1% of the value that was set based on 2007-8 data in respect of each year between 2008 and the middle of the relevant period of free allocation, unless:average performance of the 10% most efficient installations in a sector or subsector in the Union in the years 2017- 18. The Commission shall consult the relevant stakeholders, including the sectors and subsectors concerned.
Amendment 331 #
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
Article 10 a – paragraph 2
(ii) By way of derogation regarding the benchmark values for aromatics, hydrogen and syngas, these benchmark values shall be adjFree allocation shall only be given to sectors and subsectors for which data is provided, collected and usted by the same percentage as the refineries benchmarks in order to preserve a level playing field for producers of these productsaccording to a harmonised methodology within the EU institutions/Member States in order to ensure that the data used to calculate achievement of sector benchmarks and free allocation is accurate.
Amendment 333 #
Proposal for a directive
Article 1 – point 5 – point b
Article 1 – point 5 – point b
Directive 2003/87/EC
Article 10a – paragraph 2 – subparagraph 3 – point i
Article 10a – paragraph 2 – subparagraph 3 – point i
Amendment 350 #
Proposal for a directive
Article 1 – point 5 – point b
Article 1 – point 5 – point b
Directive 2003/87/EC
Article 10a – paragraph 2 – subparagraph 3 – point ii
Article 10a – paragraph 2 – subparagraph 3 – point ii
Amendment 365 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Directive 2003/87/EC
Article 10a – paragraph 6 – subparagraph 1
Article 10a – paragraph 6 – subparagraph 1
Amendment 379 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Directive 2003/87
Article 10a – paragraph 6 – subparagraph 1
Article 10a – paragraph 6 – subparagraph 1
Where the amount of compensation is not sufficient to compensate for all eligible costs, the remaining share may be compensated by Member States.
Amendment 381 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Directive 2003/87
Article 10a – paragraph 6 – subparagraph 1
Article 10a – paragraph 6 – subparagraph 1
By [6 months after entry into force], the Commission shall adopt the implementing acts in accordance with article 22a to establish the common compensation rules for the use of X% of the auctioned allowances in line with Article 10, to set ex-ante benchmarks and to define the list of eligible sectors and the regional CO2 emission factors, as per the criteria laid out in Annex III (new).
Amendment 385 #
Proposal for a directive
Article 1 – point 5 – point d
Article 1 – point 5 – point d
Directive 2003/87/EC
Article 10a – paragraph 6 – subparagraph 1
Article 10a – paragraph 6 – subparagraph 1
Amendment 415 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Directive 2003/87
Article 10a – paragraph 8 – subparagraph 1
Article 10a – paragraph 8 – subparagraph 1
400 million allowances shall be available to support innovation in low-carbon technologies and processes in industrial sectors listed in Annex I, including district heating and high efficiency cogeneration, and to help stimulate the construction and operation of commercial demonstration projects that aim at the environmentally safe capture and geological storage (CCS) and re-use/ Carbon Capture and Utilization (CCU) of CO2 as well as demonstration projects of innovative renewable energy technologies, in the territory of the Union.
Amendment 419 #
Proposal for a directive
Article 1 – point 5 – point f
Article 1 – point 5 – point f
Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 1
Article 10a – paragraph 8 – subparagraph 1
400 million allowances shall be available to support innovation in low-carbon technologies and processes in industrial sectors listed in Annex I, including district heating and high efficiency cogeneration, and to help stimulate the construction and operation of commercial demonstration projects that aim at the environmentally safe capture and geological storage (CCS) and re-use/Carbon Capture and Use (CCU) of CO2 as well as demonstration projects of innovative renewable energy technologies, in the territory of the Union.
Amendment 429 #
Proposal for a directive
Article 1 – point 5 – point f
Article 1 – point 5 – point f
Directive 2003/87/EC
Article 10a – paragraph 8 – subparagraph 2
Article 10a – paragraph 8 – subparagraph 2
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 and innovative renewable energy technologies 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 4025% may not be dependent on verified avoidance of greenhouse gas emissions provided that pre-determined milestones are attained taking into account the technology deployed. The Commission shall publish the state aid guidelines for Member State co-financing of eligible projects.
Amendment 433 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Directive 2003/87
Article 10a – paragraph 8 – subparagraph 2
Article 10a – paragraph 8 – subparagraph 2
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 and innovative renewable energy technologies 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 4025% may not be dependent on verified avoidance of greenhouse gas emissions provided that pre-determined milestones are attained taking into account the technology deployed. The Commission shall publish the state aid guidelines for Member State co-financing of eligible projects.
Amendment 484 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10b – paragraph 2 – point c c (new)
Article 10b – paragraph 2 – point c c (new)
(cc) the extent to which distance from Union external borders affect installations;
Amendment 501 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87
Article 10a – paragraph 8 – subparagraph 2 a (new)
Article 10a – paragraph 8 – subparagraph 2 a (new)
(c a) the extent to which distance from EU external border affects installations;
Amendment 515 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – title
Article 10c – title
Option for transitional free allocation for the modernisation of the energy sector
Amendment 523 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 1
Article 10c – paragraph 1
1. By derogation from Article 10a(1) to (5), Member States which had in 2013 a GDP per capita in €EUR at market prices below 60% of the Union average may give a transitional free allocation to installations for electricity production, district heating and high efficiency cogeneration, for the modernisation of the energy sector.
Amendment 531 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Option for transitional free allocation for the modernisation of the energy sector
Amendment 532 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10c
Article 10c
Option for transitional free allocation for the modernisation of the energy sector
Amendment 533 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 2 – introductory part
Article 10c – paragraph 2 – introductory part
2. The Member State concerned shallmay organise a competitive bidding process or prepare National Investment Plans or mix these two instruments for projects with a total amount of investment exceeding €1EUR 20 million to select the investments to be financed with free allocation. This competitive bidding process shall:
Amendment 540 #
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 production, district heating and high efficiency cogeneration, for the modernisation of the energy sector.
Amendment 550 #
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 productiongenerators for the modernisation of the energy sector.
Amendment 552 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
1a. Member States shall be allowed to choose the most preferable free allowances allocation method in line with the following options: (a) investments shall be selected through a competitive bidding process, or (b) through the National Investment Plans allocation which should be based on criteria and rules referred to in paragraph 2a (new), or (c) a combination of both methods mentioned above. Any Member State that is allowed to allocate allowances on the basis of this Article shall, by 31 December 2017, submit to the Commission an application containing the proposed allocation methodology.
Amendment 553 #
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
Article 10 c – paragraph 2
2. The Member State concerned shall organise a competitive bidding process for projects with a total amount of investment exceeding €10 million to select the investments to be financed with free allocation. This competitive bidding process referred to 1a(a) shall:
Amendment 554 #
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 – subparagraph 1 – introductory sentence
Article 10 c – paragraph 2 – subparagraph 1 – introductory sentence
2. The Member State concerned shallmay organise a competitive bidding process or prepare National Investment Plan or mix these two instruments for projects with a total amount of investment exceeding €120 million to select the investments to be financed with free allocation. This competitive bidding process shall:
Amendment 558 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87
Article 10 c – paragraph 2 – point a
Article 10 c – paragraph 2 – point a
(a) comply with the principles of transparency, non-discrimination, equal treatment, technological neutrality and sound financial management;
Amendment 563 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 2 – subparagraph 3
Article 10c – paragraph 2 – subparagraph 3
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 Member State intending to make use of optional free allocation via National Investment Plans shall select project investments based on objective and transparent criteria taking into account: (a) technological neutrality; (b) retrofitting and upgrading of the energy infrastructure including electricity storage; (c) clean technologies; (d) diversification of the energy mix and sources of supply; (e) modernisation of the energy production, transmission and distribution sectors; (f) GHG reductions. 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 to the Commission by 30 June 2019.
Amendment 564 #
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 – point b
Article 10 c – paragraph 2 – point b
(b) ensure that only projects which contribute to at least one of the requirements: 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 are eligible to bid;
Amendment 570 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 3
Article 10c – 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. At least 75% of the relevant costs of the intended investments shall be supported.
Amendment 571 #
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 – point c
Article 10 c – paragraph 2 – point c
(c) define clear, objective, transparent and non-discriminatory selection criteria for the ranking of projects, so as to ensure that projects are selected which:.
Amendment 572 #
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
Article 10 c – paragraph 2
Amendment 577 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 5 a (new)
Article 10c – paragraph 5 a (new)
5a. Every year the Commission may, at its own initiative or at the request of a Member State, add a new sector or subsector, if it is demonstrated that this sector or subsector complies with the criteria in paragraphs 1 and 3.
Amendment 578 #
Proposal for a directive
Article 1 – point 6
Article 1 – point 6
Directive 2003/87/EC
Article 10c – paragraph 5 b (new)
Article 10c – paragraph 5 b (new)
5b. The Commission shall keep under assessment the international context and the development of carbon pricing mechanisms outside the Union. Based on this assessment and in view of the implementation of the Paris Agreement, the Commission shall, if appropriate, adjust and submit a legislative proposal to the European Parliament and to the Council.
Amendment 578 #
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
Article 10 c – paragraph 2
Amendment 582 #
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
Article 10 c – paragraph 2
Amendment 583 #
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
Article 10 c – Paragraph 2
By 30 June 2019, any Member State intending to make use of optional free allocation in line with the method mentioned in the paragraph 1a (a) shall publish a detailed national framework setting out the competitive bidding process and selection criteria for public comment.
Amendment 587 #
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
Article 10 c – paragraph 2
Amendment 588 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 1 – subparagraph 1
Article 10d – paragraph 1 – subparagraph 1
A fund to support investments in modernising energy systems and improving energy efficiency (including thermal energy, district heating, high efficiency cogeneration, renewable energy, geothermal heat) in Member States with a GDP per capita below 60% of the Union average in 2013 shall be established for the period 2021-30 and financed as set out in Article 10.
Amendment 589 #
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 – subparagraph 3
Article 10 c – paragraph 2 – subparagraph 3
Where investments with a value of less than €120 million are supported with free allocation, the Member State shall select projects based on objective and transparent criteria. Member State intending to make use of optional free allocation via National Investment Plan shall select projects investments based on objective and transparent criteria taking into account: (a) technological neutrality; (b) retrofitting and upgrading of energy infrastructure including electricity storage (c) clean technologies; (d) diversification of energy mix and sources of supply; (e) modernisation of the energy production, transmission and distribution sectors; (f) GHG reductions. 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 to the Commission by 30 June 2019.
Amendment 595 #
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 a (new)
Article 10 c – paragraph 2 a (new)
2a. The eligible Member States intending to make use of optional free allocation via the National Investment Plans referred to 1a(b) shall select investments based on criteria and rules referred to in 2(b). Investments undertaken since 24 October 2014 meaning that have obtained all relevant corporate decisions may be counted for this purpose. The method of this selection process and the final results shall be published for public comment. On this basis, the Member State concerned choosing a method referred to in this paragraph shall establish and submit a list of investments, to the Commission by 30 September 2019. The Commission shall assess the list of investments by 31 March 2020. Within 9 months from the receipt of the list of investments, the Commission may request additional information concerning individual projects. The lack of decision by the Commission within the abovementioned period date means approval of the list of investments as submitted. The list of investments selected under the method referred to in this paragraph may be updated in 2023 and 2027, and submitted to the Commission. This paragraph should be applied respectively.
Amendment 599 #
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. Minimum 75% of the relevant costs of the intended investments may be supported.
Amendment 601 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 2
Article 10d – 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 develop guidelines and investment selection criteria specific to such projects (including thermal energy, district heating, high efficiency cogeneration, renewable energy, geothermal heat). To this end, the beneficiary Member States shall develop national rules and guidelines and investment selection criteria specific to such projects, in line with the objectives of the fund and the guidelines and investment selection criteria elaborated by the Advisory Board referred to in paragraph 4. The national rules shall be made available to the public.
Amendment 601 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 4
Article 10 c – paragraph 4
4. Transitional fFree allocations shall be deducted from the quantity of allowances that the Member State would otherwise auction. The total free allocation shall be no more than 40% of the allowances which the Member State concerned receives in the period 2021-30 pursuant to Article 10(2)(a) spread out in equal annual volumes over the period from 2021-30. Subject to the principle that free allocation that is not covered by the necessary expenditure in any given year shall be carried over and claimed during following years of the 2021-30 period when appropriate expenditure is incurred. Other ways of distributing the total number of allowances dedicated for the free allocation over the period 2021-30 are allowed provided that they are duly justified.
Amendment 605 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 5
Article 10 c – paragraph 5
5. AFree allocations to operators shall be madeallowed upon demonstration that an investment selected according to the rules of the competitive bidding procesof incurred expenditure, at the level of a capital group. The free allocations to individual electricity generators for period 2021-30 shall be determined and published by each of the Member States concerned by 30 September 2019. The allocations along with the list of electricity generators should be updated in 2023 and 2027. The updated list of electricity generators shasll been carried out submitted to the Commission by 1 January 2024 and 2028 respectively.
Amendment 606 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 5 a (new)
Article 10 c – paragraph 5 a (new)
5a. Every year the Commission may, at its own initiative or at the request of a Member State, add a new sector or subsector, if it can be demonstrated that this sector or subsector complies with the criteria in paragraph 1 and 3.
Amendment 607 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 5 b (new)
Article 10 c – paragraph 5 b (new)
5b. The Commission shall keep under assessment the international context and the development of carbon pricing mechanisms outside the EU. Based on this assessment and in the view of the implementation of the Paris Agreement, the Commission shall, if appropriate, adjust and submit a legislative proposal to the European Parliament and to the Council.
Amendment 609 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 3
Article 10d – paragraph 3
3. The funds shall be distributed 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. The beneficiary Member States and the Commission shall ensure that the allowances referred to in Article 10(1) shall be transferred to the EIB for monetisation.
Amendment 609 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 6
Article 10 c – paragraph 6
6. Member States shall require benefiting electricity genoperators and network operators to report by 28 February of each year on the implementation of their selected investments. Member States shall report annually by 31 March on this to the Commission on the balance of free allocation and investment expenditure incurred, and the Commission shall make such reports public.
Amendment 614 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10 c – paragraph 6 a (new)
Article 10 c – paragraph 6 a (new)
6a. The eligible Member States shall be allowed to transfer unused allowances allocated under the paragraph 1a to the Modernisation Fund as well as for auctioning.
Amendment 616 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 4 – subparagraph 1
Article 10d – paragraph 4 – subparagraph 1
The fund shall be governed by an investment board and a management committeethe beneficiary Member States assisted by an Advisory board, which shall be composed of representatives from the beneficiary Member States, the Commission, the EIB and three representatives elected by the other Member States for a per and the EIB. The advisory board shall be responsible for the elaboratiodn of 5 years. The investment board shall be responsible to determine aguidelines in relation to the objectives of the Union-level investment policy, appropri related to thate financing instruments andund and in relation to investment selection criteria. The management committee shall be responsible for the day-to-day management of the fund which shall take into account national circumstances.
Amendment 616 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 1
Article 10 d – paragraph 1
A fund to support investments in modernising energy systems and improving energy efficiency (including thermal energy, district heating, high efficiency cogeneration, renewable energy, geothermal heat) in Member States with a GDP per capita below 60% of the Union average in 2013 shall be established for the period 2021-30 and financed as set out in Article 10.
Amendment 627 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 4 – subparagraph 2
Article 10d – paragraph 4 – subparagraph 2
The investment board shall elect a representative from the Commission as chairman. The investmentchairmanship of the Advisory board shall be held by the beneficiary Member States and be 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 investment board shall take a decision by simple majority.
Amendment 628 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – point 1
Article 10 d – point 1
The investments supported shall be consistent with the aims of this Directive and the European Fund for Strategic Investments.
Amendment 631 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 4 – subparagraph 3
Article 10d – paragraph 4 – subparagraph 3
Amendment 641 #
Proposal for a directive
Article 1 – point 7
Article 1 – point 7
Directive 2003/87/EC
Article 10d – paragraph 4 – subparagraph 4
Article 10d – paragraph 4 – subparagraph 4
Amendment 641 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 2
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 develop guidelines and investment selection criteria specific to such projects (including thermal energy, district heating, high efficiency cogeneration, renewable energy, geothermal heat). To this end, the beneficiary Member States shall develop national rules and guidelines and investment selection criteria specific to such projects, in line with the objectives of the fund and the guidelines and investment selection criteria elaborated by the Advisory Board referred to in paragraph 4. The national rules shall be made public.
Amendment 643 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – point 2
Article 10 d – point 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 boardeligible Member States shall develop national guidelines and investment selection criteria specific to such projects. in line with the guidance elaborated by an advisory board referred to in paragraph 4.
Amendment 653 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 1 (7)
Article 1 (7)
3. The funds shall be distributed 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. The beneficiary Member States and the Commission shall ensure that the allowances referred to in Article 10(1) shall be transferred to the EIB for monetisation.
Amendment 654 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 3
Article 10 d – paragraph 3
3. In consultation with beneficiary Member State, the EIB is responsible for monetisation of all allowances referred to this article. The funds shall be distributed 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 658 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – point 4
Article 10 d – point 4
Amendment 660 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 1 (7)
Article 1 (7)
The fund shall be governed by an investment board and a management committeethe beneficiary Member States assisted by an Advisory board, which shall be composed of representatives from the beneficiary Member States, the Commission, the EIB and three representatives elected by the other Member States for a period of 5 years. The investment board shall be responsible to determine an Union-level investment policy, appropriate financing instruments and investment selection criteria. The management committee shall be responsible for the day-to-day management of the fund and BEI. The Advisory board shall be responsible to elaborate guidelines in relation to objectives of the Union-level investment policy related to this fund and investment selection criteria which should take into account national circumstances.
Amendment 672 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 4
Article 10 d – paragraph 4
Amendment 675 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 1 (7)
Article 1 (7)
The investment board shall elect a representative from the Commission as chairman. The investmentchairmanship of the Advisory board shall be held by the beneficiary Member States and be 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 investment board shall take a decision by simple majority.
Amendment 678 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 1 (7)
Article 1 (7)
Amendment 679 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 4
Article 10 d – paragraph 4
Amendment 688 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 1 (7)
Article 1 (7)
Amendment 689 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 4
Article 10 d – paragraph 4
Amendment 702 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 5
Article 10 d – paragraph 5
5. The beneficiary Member States shall report annually to the management committeeCommission on investments financed by the fund. The report shall be made public and include:
Amendment 706 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 6
Article 10 d – paragraph 6
6. Each year, the management committebeneficiary Member State 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 committebeneficiary Member State.
Amendment 714 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
Directive 2003/87/EC
Article 10 d – paragraph 7
Article 10 d – paragraph 7
7. The Commission shall be empowered to adopt a delegatedimplementing act in accordance with Article 232a to implement this Article."