5 Amendments of Michèle RIVASI related to 2021/0211(COD)
Amendment 19 #
Proposal for a directive
Recital 9 a (new)
Recital 9 a (new)
(9 a) Low income, lower-middle income and Least Developed Countries are the most vulnerable to the impact of climate change. Although their shares to the greenhouse gases in the atmosphere are very small or even negligible, they tend to be heavier exposed to impacts of climate change, notably in view of the state of their infrastructure and their peoples’ living conditions. Those countries are now in a calamitous situation by the combination of the global failure to curb GHG emissions, which raises their adaptation needs and costs ever higher, and the public finance crises caused by the COVID-pandemic and the associated ‘debt pandemic’.
Amendment 20 #
Proposal for a directive
Recital 9 b (new)
Recital 9 b (new)
(9 b) Significant financial resources are needed to implement the Paris Agreement. The EU remains committed to contributing towards the developed countries’ goal of jointly mobilising from different sources USD 100 billion per year by 2020 to support developing countries. The goal was extended until 2025 before a new collective goal is set.The funding will come from a wide variety of sources – public and private, bilateral and multilateral, and alternative sources of finance. However, this goal remains unmet. The EU should step up its support for these countries including through the ETS in order to strengthen their ability to adapt and their resilience to climate change.
Amendment 21 #
Proposal for a directive
Recital 9 c (new)
Recital 9 c (new)
(9 c) LDCs are especially vulnerable to the effects of climate change and are responsible only for a very low level of greenhouse gas emissions. Therefore, particular priority should be given to addressing the needs of LDCs through the use of EU ETS allowances to fund climate action, in particular adaptation to the impacts of climate change. Collective pledging by the EU would increase EU influence in the UNFCCC negotiations while contribution through the Green Climate Fund would also encourage others to contribute a portion of their own carbon pricing schemes to the Fund.
Amendment 22 #
Proposal for a directive
Recital 9 d (new)
Recital 9 d (new)
(9 d) All revenues (or the equivalent in financial value) from EU ETS should be earmarked for climate action and 50% should be dedicated to EU’s collective contribution to international climate finance.
Amendment 31 #
(11) Article 10 is amended as follows: All revenues (or the equivalent in financial value) from EU ETS should be earmarked for climate action and 50% should be dedicated to EU’s collective contribution to international climate finance, to support in priority adaptation to climate change, in particular for Least Developed Countries and Small Islands Developing States, as well as in low income and lower-income countries, and loss and damage, which are of peculiar importance for vulnerable developing countries.