On the proposal for a decision of the European Parliament and of the Council amending Decision (EU) 2015/1814 as regards the market stability reserve for the buildings, road transport and additional sectors
ENVI-PR-781492
Committee on the Environment, Climate and Food Safety · Rapporteur: Danuše Nerudová
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This draft report proposes amendments to the Commission's proposal amending the market stability reserve for the buildings, road transport and additional sectors. It shortens the release start to 30 days and adds recitals on social safeguards, emergency mechanisms, and impact assessments.¶¶¶
Committee position. The rapporteur proposes amendments to strengthen the market stability reserve's reactivity and add social and emergency safeguards, while supporting the Commission's proposal as a step in the right direction.¶¶¶
Key points
- Shortens the period for releasing allowances from the reserve from two months to 30 days after conditions are met.¶
- Adds a recital endorsing the climate-neutrality objective by 2050 and noting the green investment gap.¶¶
- Calls for timely financial resources from the Social Climate Fund and other sources for complementary decarbonisation measures.¶
- States that releasing a higher volume of allowances would involve releasing without delay, and if applied twice in 12 months, the additional release should occur twice.¶
- Requests the Commission to conduct an impact assessment of the emissions trading system for buildings, road transport and additional sectors, assessing social and environmental impacts.¶
- Asks the Commission to assess further social safeguarding measures, including derogations for residential buildings, strengthening the EUR 45 price cap, and full compensation for vulnerable households.¶
- Suggests the Commission assess a stronger emergency mechanism with an additional price ceiling for exceptional situations.¶
- Requests a report before the start of emissions trading assessing whether the excessive price control mechanism is adequate.¶
- Adds a recital noting that if the condition in Article 30h(2) is met again after six months, paragraph 6 should be disapplied.¶
Who is affected
- Member States: must ensure timely availability of financial resources for complementary measures and may consider derogations for residential buildings.¶¶
- Vulnerable households: may benefit from potential social safeguards and compensation measures.
- European Commission: tasked with impact assessments, reports, and assessing emergency mechanisms.¶¶¶
Figures and deadlines
Legal basis: Article 294(2) and Article 192(1) of the Treaty on the Functioning of the European Union¶