Activities of Bendt BENDTSEN related to 2015/0148(COD)
Plenary speeches (1)
Cost-effective emission reductions and low-carbon investments (debate) DA
Amendments (23)
Amendment 61 #
Proposal for a directive
Recital 4 a (new)
Recital 4 a (new)
(4a) (new recital between Recitals 4 and 5) EU ETS system was designed to play the key role in reaching the EU policy goals in the area of sustainable climate policy. The price of the allowance should motivate sectors where the reduction of CO2 emissions is the most efficient and result in taking necessary measures that will gradually attribute to the fulfilment of the goals. The allowance price that is too low, as a consequence of factors that were not predicted or are by definition unpredictable, undermines the system. Possible broader employment of national measures like carbon tax, will lead to fragmentation of the market with suboptimal economic implications. The high price or excess volatility undermines the system, increases the cost of necessary decarbonisation of economy and harms the responsible industry. Current measures failed so far to assure the stabilisation of the allowance price. The result is in some cases the penalisation of companies that took measures to reduce their CO2 emissions, and a short term profit of companies that keep employing or are even reemploying technologies that are benefiting from the low allowance price. The allowance price that is sufficient to motivate investments into decarbonisation of the production, is the key for a functional EU ETS market. Low volatility and predictability of the allowance price precludes reaching of climate goals.
Amendment 62 #
Proposal for a directive
Recital 4 a (new)
Recital 4 a (new)
(4a) In accordance with the UNFCCC Paris agreement, all sectors of the economy must contribute to the reduction of CO2 emissions. To this end, efforts to limit international maritime emissions through the International Maritime Organisation are under way and must be encouraged, with the aim of establishing a clear IMO action plan for climate policy measures to tackle CO2 emissions from shipping at a global level. To this effect, the European Commission and Member States must focus on ensuring the implementation of Council Regulation 2015/757 of 29 April 2015 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport, which is a prerequisite for any market-based measure, efficiency standard or other measure, whether applied at Union level or globally.
Amendment 95 #
Proposal for a directive
Recital 7
Recital 7
(7) To preserve the environmental benefit of emission reductions in the Union while actions by other countries do not provide comparable incentives to industry to reduce emissions, free allocation should continue to installations in sectors and sub- sectors at genuine risk of carbon leakage, while recognizing that the analysis of sub- sectors in risk of carbon leakage may require disaggregation down to the product level. Experience gathered during the operation of the EU ETS confirmed that sectors and sub-sectors are at risk of carbon leakage to varying degrees, and that free allocation has prevented carbon leakage. While some sectors and sub- sectors can be deemed at a higher risk of carbon leakage, others are able to pass on a considerable share of the costs of allowances to cover their emissions in product prices without losing market share and only bear the remaining part of the costs so that they are at a low risk of carbon leakage. The Commission should determine and differentiate the relevant sectors, and where appropriate and justified sub-sectors, based on their trade intensity and their emissions intensity to better identify sectors and sub-sectors at a genuine risk of carbon leakage. Where, based on these criteria, a threshold determined by taking into account the respective possibility for sectors and sub- sectors concerned to pass on costs in product prices is exceeded, the sector or sub-sector should be deemed at risk of carbon leakage. Others should be considered at a low risk or at no risk of carbon leakage. Taking into account the possibilities for sectors and sub-sectors outside of electricity generation to pass on costs in product prices should also reduce windfall profits.
Amendment 108 #
Proposal for a directive
Recital 4 a (new)
Recital 4 a (new)
(4a) The EU ETS was designed to play a key role in reaching the Union policy goals in the area of sustainable climate policy. The price of allowances should incentivise sectors where the reduction of CO2 emissions is most efficient and lead to the gradual fulfilment of those goals. The fact that the allowance price is too low, as a consequence of factors that were not predicted or are by definition unpredictable, as such undermines the system. Possible broader recourse to national measures such as a carbon tax, is likely to lead to the fragmentation of the market with suboptimal economic implications. The high price or excess volatility undermines the system, increases the cost of necessary decarbonisation of the economy and harms responsible companies. Current measures have failed so far to stabilise the allowance price. The result is, in some cases, the penalisation of companies that took measures to reduce their CO2 emissions, and a short term profit for companies that keep employing or are even reemploying technologies that are benefiting from the low allowance price. An allowance price that is sufficient to motivate investments in the decarbonisation of production is the key for a functional EU ETS market. Low volatility and predictability of the allowance price precludes reaching of climate goals.
Amendment 191 #
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) threefour new subparagraphs are added to paragraph 1:
Amendment 215 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point a
Article 1 – paragraph 1 – point 4 – point a
Article 10 – paragraph a – subparagraph 3a new subparagraph 3
The Commission should monitor such notable results of policy related factors that can lead to increase of oversupply of allowances (like impact of subsidized renewable energy sources or substantial energy efficiency measures triggered by government programs). If the combination of such factors leads to decrease of functionality of the EU ETS, the Commission should propose following legislative measures: - in order to restore supply-demand balance in EU ETS, propose the deduction of relevant volume of allowances from auctions by Member States under Article 10(2) and place them in the market stability reserve established by Decision (EU) 2015/1814 - propose appropriate downward correction of linear factor, in order to reach neutrality of previous measures within the existing EU ETS period
Amendment 252 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point d a (new)
Article 1 – paragraph 1 – point 4 – point d a (new)
(da) In Article 10, paragraph 5 is replaced by the following: The Commission shall monitor the functioning of the European carbon market. Each year, it shall submit a report to the European Parliament and to the Council on the functioning of the carbon market including the implementation of the auctions, liquidity and the volumes traded. The report shall also address the interaction between the EU ETS and other climate and energy measures at European and national level, and shall analyse the implications of various policy instruments on the functioning of EU ETS market, especially on the supply- demand balance in the carbon market. Member States shall ensure that any relevant information is submitted to the Commission at appropriate time. On the basis of the report referred to above, the Commission shall, if appropriate, submit a legislative proposal to the European Parliament and to the Council amending this Directive reflecting outcomes of the report in order to preserve the functionality of EU ETS market.
Amendment 256 #
Proposal for a directive
Article 1 – paragraph 1 – point 4 – point d b (new)
Article 1 – paragraph 1 – point 4 – point d b (new)
(db) If the price development of the allowance gets into contradiction with the EU ETS goals, especially if it is too high and threatens the competitiveness of the EU industry or too low and does not provide incentives for gradual decarbonisation of the economy and stimulates the reemployment of technologies generating high carbon emissions, the Commission can propose, after consultation with the European parliament and Council, a delegated act, that will adjust temporarily the function of MSR and auctioning mechanism as follows: - for every auction of allowances, there will be a transparent and preannounced limit for the lowest accepted price. Allowances that will not be sold, will be transferred to MSR, free allocation of allowances and limits for them will not be affected. - for every auction of allowances, there will be a transparent and preannounced limit for the maximum allowance price. Allowances that will not be demanded above the offered volume, will be deducted from the MSR. If there is not a sufficient volume of allowances in MSR, the orders at the highest price will be accepted proportionally up to available allowances in MSR.
Amendment 257 #
Proposal for a directive
Article 1 – point 4 – point a a (new)
Article 1 – point 4 – point a a (new)
Directive 2003/87/EC
Article 10 – paragraph 1 – subparagraph 4 a (new)
Article 10 – paragraph 1 – subparagraph 4 a (new)
Amendment 295 #
Proposal for a directive
Article 1 – point 4 – point d c (new)
Article 1 – point 4 – point d c (new)
Directive 2003/87/EC
Article 10 – paragraph 5
Article 10 – paragraph 5
(dc) paragraph 5 is replaced by the following: '5. The Commission shall monitor the functioning of the European carbon market. Each year, it shall submit a report to the European Parliament and to the Council on the functioning of the carbon market including the implementation of the auctions, liquidity and the volumes traded. If necessary, Member States shall ensure that any relevant information is submitted to the Commission at least two months before the Commission adopts the reporThe report shall also address the interaction between the EU ETS and other climate and energy policies at Union and national level, and shall analyse the implications of various policy instruments on the functioning of EU ETS market, especially on the supply- demand balance in the carbon market. Member States shall ensure that any relevant information is submitted to the Commission at an appropriate time. On the basis of the report referred to in the first subparagraph, the Commission shall, if appropriate, submit a legislative proposal to the European Parliament and to the Council amending this Directive reflecting outcomes of the report in order to preserve the functionality of the EU ETS market.'
Amendment 298 #
Proposal for a directive
Article 1 – point 4 – point d d (new)
Article 1 – point 4 – point d d (new)
Directive 2003/87/EC
Article 10 – paragraph 5 – subparagraph 1 a (new)
Article 10 – paragraph 5 – subparagraph 1 a (new)
Amendment 420 #
Proposal for a directive
Article 1 – paragraph 1 – point 5 – point f
Article 1 – paragraph 1 – point 5 – point f
Directive 2003/87/EC
Article 10a, para. 8
Article 10a, para. 8
400 million allowances shall be available to support innovation in low-carbon technologies and processes in industrial sectors listed in Annex I, and to help stimulate the construction and operation of commercial demonstration projects that aim at the environmentally safe capture and geological storage (CCS) of CO2 as well as demonstration projects of innovative renewable energy technologies and innovative technologies for transmission and distribution, in the territory of the Union.
Amendment 472 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10b – paragraph 1
Article 10b – paragraph 1
1. Sectors and sub-sectors, as defined by PRODCOM-8 level when appropriate and justified, where the product exceeds 0.2 from multiplying their intensity of trade with third countries, defined as the ratio between the total value of exports to third countries plus the value of imports from third countries and the total market size for the European Economic Area (annual turnover plus total imports from third countries), by their emission intensity, measured in kgCO2 divided by their gross value added (in €), shall be deemed to be at risk of carbon leakage. Such sectors and sub-sectors shall be allocated allowances free of charge for the period up to 2030 at 100% of the quantity determined in accordance with the measures adopted pursuant to Article 10a.
Amendment 487 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10b – paragraph 2
Article 10b – paragraph 2
2. Sectors and sub-sectors where the product from multiplying their intensity of trade with third countries by their emission intensity is above 0.18 may be included in the group referred to in paragraph 1, on the basis of a qualitative assessment, based on a detailed impact assessment and taking into account sectors and sub-sectors at the relevant level, either at PRODCOM or NACE code level as appropriate, using the following criteria:
Amendment 503 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Directive 2003/87/EC
Article 10b Paragraph 2
Article 10b Paragraph 2
(c a) (d) level of potential competition distortion among sectors and sub-sectors
Amendment 521 #
Proposal for a directive
Article 1 – paragraph 1 – point 6
Article 1 – paragraph 1 – point 6
Article 10b, para. 4 Directive 2003/87/EC
By 31 December 2019, the Commission shall adopt a delegated act for the preceding paragraphs for activities at a 4- digit level (NACE-4 code), or where appropriate and justified at an 8-digit product-level (PRODCOM-8), as concerns paragraph 1, in accordance with Article 23, based on data for the three most recent calendar years available.
Amendment 569 #
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 (ba) new
Article 10 c – paragraph. 2 (ba) new
(ba) ensure that the modernisation of utilities is reserved to projects leading to an emission performance below the threshold level of the European Investment Bank's carbon footprint benchmark for power generation;
Amendment 570 #
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(c)
Article 10 c – paragraph 2(c)
(c) define clear, objective, transparent and non-discriminatory selection criteria in line with the Energy Union principles and the EU 2050 climate and energy objectives for the ranking of projects, so as to ensure that projects are selected which:
Amendment 575 #
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 c (i)
Article 10 c – paragraph 2 c (i)
(i) on the basis of a cost-benefit analysis, ensure a net positive gain in terms of emission reduction and realise a pre- determined significant level of CO2 reductions; in accordance with Annex I of the Climate Strategy of the European Investment Bank; and
Amendment 581 #
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 c (ii)
Article 10 c – paragraph 2 c (ii)
(ii) are additional, clearly respond to replacement and modernisation needs and do not supply a market-driven increase in energy demand; and
Amendment 617 #
Proposal for a directive
Article 1 – paragraph 1 – point 7
Article 1 – paragraph 1 – point 7
A fund to support investments in modernising energy systems, including transmission and distribution systems and interconnectors, and improving energy efficiency 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 666 #
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
The fund shall be governed by an investment board and a management committee, 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 composition of the investment board shall be published. 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, in accordance with the EIB investment criteria and the EU's energy and climate objectives as well as the Energy Union policies. The management committee shall be responsible for the day-to-day management of the fund. Information regarding the projects benefitting from the Modernisation fund shall be made publicly available.
Amendment 724 #
Proposal for a directive
Article 1 – paragraph 1 – point 8
Article 1 – paragraph 1 – point 8
Directive 2003/87/EC
Article 11(1)
Article 11(1)
A list of installations covered by this Directive for the fivetwo years beginning on 1 January 2021 shall be submitted by 30 September 2018, and lists for the subsequent fivetwo years shall be submitted every fivetwo years thereafter. Each list shall include information on production activity, transfers of heat and gases, electricity production and emissions at sub- installation level over the fivetwo calendar years preceding its submission. Free allocations shall only be given to installations where such information is provided.