7 Amendments of Pilar AYUSO related to 2007/2140(INI)
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Recalls the 2005 Special Report on Carbon Dioxide Capture and Storage by the Intergovernmental Panel on Climate Change (IPCC) which identified CCS as a promising technology for the rapid reduction of global greenhouse gas emissions, with the potential to achieve a reduction of up to 55% by 2100;
Amendment 3 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Recalls that most forecasts project that primary energy supply will continue to be dominated by fossil fuels until at least the middle of the century and therefore CCS is a complementary technology indispensable to achieve the required CO2 emission reductions by 2050 along with progress in energy efficiency and the development of renewable energies;
Amendment 4 #
Draft opinion
Paragraph 1 c (new)
Paragraph 1 c (new)
1c. Recalls the commitment by the European Council of 8 and 9 March 2007 to stimulate the construction and operation by 2015 of up to 12 demonstration plants of sustainable fossil fuel technologies in commercial power generation;
Amendment 7 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Stresses that early CCS demonstration at industrial scale in the EU is critical to bring environmentally safe CCS to wide commercial deployment from 2020 worldwide;
Amendment 15 #
Draft opinion
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Considers that CCS is an energy technology driven by the need to combat climate change and that its economic viability is entirely dependent on the CO2 price; believes that the EU Emissions Trading Scheme (ETS) is therefore a suitable instrument to establish a transitional Project Demonstration Mechanism providing the necessary incentives to allow early investment in the CCS demonstration programme;
Amendment 16 #
Draft opinion
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Proposes that the EU ETS Directive establish a reserve of up to 500 million allowances to be awarded to large-scale commercial demonstration projects that are undertaking the capture and geological storage of carbon dioxide in the territory of the EU;
Amendment 17 #
Draft opinion
Paragraph 12 c (new)
Paragraph 12 c (new)
12c. Calls on the Commission to bring forward the necessary legislative proposals to establish the procedures for the identification and approval of the demonstration projects, and the award of allowances to demonstration projects taking into consideration the following criteria: - ensuring the development of a wide range of CCS technologies at best value cost and in geographically balanced locations across the EU; - allowances should be awarded against the verified geological storage of CO2; - a higher incentive should be provided for earlier movers and for the more complex technology, and/or transport and storage configurations; - ensuring that demonstration projects balance the need for cost recovery and avoid the risk of windfall profits, exploring the potential intermediary role of the European Investment Bank in this area; - the operation of the project demonstration mechanism should be limited in time and volume so as not to provide a long-term support for the industry.