1 Amendments of Chris DAVIES related to 2012/0202(COD)
Amendment 72 #
Proposal for a decision
Article 1 a (new)
Article 1 a (new)
Article 1a The Commission shall be encouraged to bring forward proposals to amend Article 10a(8) of Directive 2003/87/EC in order to extend the existing EU funding mechanism ('NER 300') for the development of innovative low carbon technologies, and to apply it also for developments that may reduce the costs and carbon emissions of energy intensive industries. The mechanism shall be funded from the sale of some or all of those allowances that this Decision temporarily withholds from the ETS. The financial support available shall be allocated before the end of phase 3 in 2020.