15 Amendments of Pascal CANFIN related to 2021/0214(COD)
Amendment 223 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) Installations under the EUETS facing a rising carbon price need long- term visibility, predictability and legal certainty to make their investment decisions. A clear pathway for the phase in of the remaining sectors and subsectors at risk of carbon leakage should therefore be established. This will strengthen the new legal framework to fight carbon leakage, provide the necessary time to ensure a smooth implementation of the CBAM and allow installations and companies to make the necessary investments in the decarbonisation of industrial processes in a stable and predictable legal context.
Amendment 228 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
Amendment 295 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) With a view to ensuring the ecological transition in the outermost regions is accompanied by economic and social cohesion, an impact assessment should be carried out before the end of the transition period on the potential economic and social impacts specific to these regions. The Commission must ensure compliance with Article 349 TFEU and propose appropriate measures for the outermost regions in implementing the CBAM, in particular because of the specific customs and tax arrangements that apply to the outermost regions.
Amendment 333 #
Proposal for a regulation
Recital 22 a (new)
Recital 22 a (new)
(22a) The free allocation no longer provided to the CBAM sectors based on this calculation (CBAM demand) must be auctioned and the revenues will accrue to the Innovation Fund rebranded as a Net- Zero Fund, so as to support inter alia innovation in low carbon technologies, and in upscaling relevant technologies in a way that contributes to mitigating climate change consistently with the objectives set out by Regulation (EU)2021/1119. Special attention should be given to projects in CBAM sectors. To respect the proportion of the free allocation available for the non-CBAM sectors, the final amount to deduct from the free allocation and to be auctioned should be calculated based on the proportion that the CBAM demand represents in respect of the free allocation needs of all sectors receiving free allocation.
Amendment 508 #
Proposal for a regulation
Recital 54 a (new)
Recital 54 a (new)
(54a) The Commission should actively pursue the establishment of an international “Carbon club” for ensuring continuous exchange in good faith with the Union’s trade partners. This should be an open non-exclusive international forum, which could be located under an appropriate multilateral organisation such as the WTO or the relevant and open body of the OECD for instance. Its objective should be to allow for the comparison and coordination of carbon pricing measures as well as non-carbon pricing measures with an impact on emission reduction. The Carbon club should also support the comparability of climate measures by ensuring the quality of climate monitoring, reporting and verification among its members. Membership of the club should be informal, open and on a voluntary basis for countries aiming at high climate ambition in line with the Paris Agreement. Given that the CBAM is a first-of-a-kind measure, which is meant to be a cooperative tool designed to fight carbon leakage, such a Carbon club will provide the means for engagement and transparency between the and its trade partners.
Amendment 573 #
Proposal for a regulation
Article 1 – paragraph 3 a (new)
Article 1 – paragraph 3 a (new)
3a. The CBAM helps meet Union objectives and international commitments, including in particular those under the Paris Agreement and the WTO.
Amendment 575 #
Proposal for a regulation
Article 2 – paragraph 1
Article 2 – paragraph 1
1. This Regulation applies to goods as listed in Annex I, originating in a third country, when those goods, or processed products from those goods as resulting from the inward processing procedure referred to in Article 256 of Regulation (EU) No 952/2013 of the European Parliament and of the Council53 , are imported into the customs territory of the Union. This Regulation also applies to downstream products that include goods listed in Annex I above a minimum threshold, subject to paragraph 2a of this Article, __________________ 53Regulation (EU) No 952/2013 of the European Parliament and of the Council of 9 October 2013 laying down the Union Customs Code (OJ L 269, 10.10.2013, p. 1).
Amendment 577 #
Proposal for a regulation
Article 2 – paragraph 1 a (new)
Article 2 – paragraph 1 a (new)
1a. By 30 June 2025, the Commission shall adopt a delegated act in accordance with Article 28 supplementing this Regulation by amending Annex I to establish a timeline for the gradual inclusion of all goods at risk of carbon leakage for which the production is covered in the EU ETS, starting from 1 January 2026 and ending on 1 January 2030 at the latest, giving priority to the sectors most exposed to carbon leakage.
Amendment 581 #
Proposal for a regulation
Article 2 – paragraph 2 a (new)
Article 2 – paragraph 2 a (new)
2a. The Commission shall by 31 July 2024 adopt a delegated act in accordance with Article 28 to establish a methodology for identifying downstream products covered by this Regulation, including establishing a minimum threshold for the amount of the concerned goods in the product.
Amendment 587 #
Proposal for a regulation
Article 2 – paragraph 3 a (new)
Article 2 – paragraph 3 a (new)
3a. By way of derogation from paragraphs 1 and 2, the Commission shall be empowered to adopt implementing acts to adapt, if necessary, the conditions for implementing the CBAM in those regions on the basis of Article 349 TFEU.
Amendment 672 #
Proposal for a regulation
Article 3 – paragraph 1 – point 28 a (new)
Article 3 – paragraph 1 – point 28 a (new)
(28a) ‘downstream products' means products manufactured by using goods listed in Annex I .
Amendment 962 #
Proposal for a regulation
Article 24 a (new)
Article 24 a (new)
Article 24a Engagement with Least Developed Countries The Union shall enhance its support to least developed countries’ efforts toward decarbonisation of their industries impacted by the CBAM by reinforcing climate spending through the relevant instruments in the Union budget. The financial support shall be additional and shall be equivalent in financial value to the revenues generated by the sale of CBAM certificates stemming from least developed countries , and shall not be a simple reallocation of existing budgetary lines.
Amendment 1199 #
Proposal for a regulation
Article 31 – paragraph 1 a (new)
Article 31 – paragraph 1 a (new)
Amendment 1208 #
Proposal for a regulation
Article 31 – paragraph 2 a (new)
Article 31 – paragraph 2 a (new)
2a. An installation covered by Directive 2003/87/EC belonging to the 10% most efficient installations as laid down in Article 10a of that Directive shall, upon request, receive an amount of free allocations corresponding to the emissions resulting from the quantity of goods it exports which are covered by this Regulation, taking into account the emissions embedded in a similar product in the third country pursuant to Articles 7, 8 and 9 of this Regulation. The rules for transitional free allocation under Articles 10a and 10b of Directive 2003/87/EC shall apply to the allocation.
Amendment 1214 #
Proposal for a regulation
Article 31 – paragraph 2 b (new)
Article 31 – paragraph 2 b (new)
2b. The Commission shall adopt before the end of the transition period a delegated act in accordance with Article 28 that establishes the arrangements for granting free allowances to the exported part of the production of an installations covered by this Regulation, in particular the methodology for the calculation of the average embedded carbon content of the corresponding sector within a third country. The average embedded carbon content of a third country sector shall be taken into account when establishing the amount of free allocations to be granted to the emissions resulting from the quantity of goods exported by an EU installation as referred in paragraph(2a) of this Article.