What changed

DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

P10_TA(2026)0278

onMarket thestability proposalreserve for a decision of the European Parliament and of the Council amendingEU DecisionEmissions (EU)Trading 2015/1814System as(EU regardsETS): ceasing the invalidation of allowances in the market stability reserve

(COM(2026)0153 – C100093/2026 – 2026/0085(COD))

Committee on the Environment, Climate and Food Safety

PE789.007

Amendments adopted by the European Parliament on 15 September 2026 on the proposal for a decision of the European Parliament and of the Council amending Decision (EU) 2015/1814 as regards ceasing the invalidation of allowances in the market stability reserve (COM(2026)0153 – C10-0093/2026 – 2026/0085(COD))

(Ordinary legislative procedure: first reading)

✦ Drops the requirement to consult the Committee of the Regions.

The European Parliament,

– having regard to the Commission proposal to Parliament and the Council (COM(2026)0153),

– having regard to Article 294(2) and Article 192(1) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C100093/2026),

– having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

– having regard to the opinion of the European Economic and Social Committee of 29 April 2026,

– after consulting the Committee of the Regions,

– having regard to Rule 60 of its Rules of Procedure,

– having regard to the report of the Committee on the Environment, Climate and Food Safety (A10-0230/2026),

1. Adopts its position at first reading hereinafter set out;

2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

Citation 5: After consulting the Committee of the Regions, / (deleted)

Decision (EU) 2015/1814

✦ Extends the period during which allowances above 400 million in the reserve cease to be valid from 28 February 2027 to 31 January 2027, and moves the start of the 650 million threshold from 1 March 2027 to 1 February 2027.

Article 1 – paragraph 1 a (new), Article 1 – paragraph 5a:5 Ina: Article 1 a (new) / "In Article 1 of Decision (EU) 2015/1814, paragraph 5a is replaced by the following: / ‘5a. Unless otherwise decided in the first review carried out in accordance with Article 3, from 2023 until 2831 FebruaryJanuary 2027,2027 allowances held in the reserve above 400 million allowances shall no longer be valid. / From 1 MarchFebruary 2027, allowances held in the reserve above 650 million allowances shall no longer be valid.’valid.’"

EXPLANATORY STATEMENT

On 31 March 2026, the European Commission presented a targeted legislative proposal to cease the invalidation of allowances in the Market Stability Reserve (MSR) established by Decision (EU) 2015/1814.

On 12 May 2026, the Coordinators of the Committee on the Environment, Climate and Food Safety (ENVI) agreed to appoint the Chair of the Committee as Rapporteur for the proposal.

In light of this institutional mandate, the Chair has chosen to not modify the Commission’s proposal in the draft report. This however should not be understood as a substantive position on the Commission’s proposal, but rather the fulfilment of an institutional mandate to allow the parliamentary work to proceed.

Moreover, the Coordinators expressed the view that the MSR proposal should be examined also within the broader context of the upcoming comprehensive review of the EU Emissions Trading System (ETS), which is expected to be presented in mid-July 2026. The Chair therefore considers it premature, at this stage, to adopt a definitive position on the MSR proposal in isolation from the wider ETS reform.

The present draft report should therefore not be understood as a starting negotiating position, nor as an endorsement of the Commission proposal as such. It is intended instead as the opening of a discussion enabling all political groups and Members to table amendments, to articulate their views as part of a proper and inclusive parliamentary discussion, and to avoid prejudging a substantive debate until the full picture of the ETS review is available.

The Chair looks forward to that debate and invites Members across political groups to engage constructively in that process