"The proposal is going in the right direction, but we need to examine it more closely. The devil is in the details and I am very sceptical about some of the concrete proposals," said the environmental spokesperson of the largest group in the European Parliament, the EPP (Christian Democrats), Dr. Peter Liese (also rapporteur on the ETS), with regard to the European Commission's RePowerEU proposal. The Commission proposes to take 250 million allowances from the reserve and use them to make investments to replace Russian gas.
"I think this is a good idea. Auctioning will dampen the price in this difficult period without jeopardizing the climate target and it will free up a lot of money for investments. However, I find it completely unacceptable that the Commission wants to put the money into the RRF. Parliament has practically no say in this, and cross-border European projects are not being funded. I makes sense to put the money into the innovation fund in the emissions trading system. We as EPP support the proposal to reach 45% renewable energy in 2030. Renewable energy and energy efficiency are the answer to the crisis and we have to do everything now, including simplified permitting procedures. I personally also support a higher target for energy efficiency. For my colleagues, it is important that this does not jeopardize the decarbonisation of industry, which after all needs more energy to begin with, and that the storage of renewable energies, which we urgently need, is not torpedoed," said Liese.
"The approval of most of my colleagues in the Environment Committee to my report on emissions trading is good for the climate, for jobs and for people," said the environment spokesman for the largest group in the European Parliament (EPP, Christian Democrats) in view of the final vote on the reform of the European emissions trading system. The report was adopted by 62 votes (62/20/5).
“I consider it a great success that companies that invest in climate-friendly technologies and thus secure jobs in Europe in the long term will get a tailwind. They are to receive not only financial resources from the Climate Investment Fund (previously the Innovation Fund), but also free certificates. "We have decided on three different mechanisms for this. In return, however, it will be very hard for those who want to continue operating old dirty plants. Anyone in Europe who does not invest in climate neutrality, has no future and should not be supported by the EU," Liese said.
MEPs also decided by a large majority to include waste incineration in the ETS system after an impact assessment in 2025.
Read more: Emissions trading reform: adoption of report in the Environment Committee with 62 votes
Dear Ladies and Gentlemen,
The ETS reform is since 2005 an effective tool in driving emissions reductions cost-effectively. On Tuesday, we have voted on its reform to match up the new EU climate targets for 2030. In plenary, we will have the next vote in the June I session determining the final Parliament’s position to go into negotiations with the Council.
Broad debates about all aspects are essential to achieve the best outcome for all. Therefore, I invite you for a public consultation on my report. Priority will be given to stakeholders, which means to NGOs and industry representatives,that have a direct expertise and interest but did not have a chance to make their point elsewhere. However, everybody is welcome to take part in the debate. I am looking forward to an enriching discussion.
The Webex web conference will take place on:
Monday, 23 May 2022
15 - 17 h
Please sign up via a response to this e-mail address indicating your name and organisation: This email address is being protected from spambots. You need JavaScript enabled to view it.. The dial-in-data will be sent to you on Monday morning.
Best regards,
Peter Liese
"The Environment Committee's approval of most of the compromises in my report on emissions trading is good for the climate, for jobs and for people," said the environment spokesman for the largest group in the European Parliament (EPP, Christian Democrats) in view of the vote on the compromise amendments to his report on the reform of the European emissions trading system. “I consider it a great success that companies that invest in climate-friendly technologies and thus secure jobs in Europe in the long term will get a tailwind. They are to receive not only financial resources from the Climate Investment Fund (previously the Innovation Fund), but also free certificates. "We have decided on three different mechanisms for this. In return, however, it will be very hard for those who want to continue operating old dirty plants. Anyone in Europe who does not invest in climate neutrality, has no future and should not be supported by the EU," Liese said.
MEPs also decided by a large majority to include waste incineration in the ETS system after an impact assessment in 2025.
Read more: Emissions trading reform: adoption of compromises in the Environment Committee