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
"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
"This compromise will help to save our planet but at the same time protect European jobs and protect people from excessive prices.” This is the comment of the main negotiator (Rapporteur) on the EU ETS Peter Liese after a breakthrough in the negotiations with the other political groups. Liese explained that he managed to improve the Commission proposal when it comes to support for innovative industries. His colleagues accepted his so called bonus-malus-system which means that companies that are emitting much less than others in their sector, will get additional allowances but those that are emitting much more and don’t do efforts to decarbonise, will have to pay a much higher bill in the next years. The Innovation Fund, which was already proposed for a significant increase by the European Commission, will get even bigger. Additional 50 million allowance will be auctioned for this purpose.
A compromise was also reached on the so-called ETS II for road transport and heating. Liese succeeded in his effort to introduce this scheme as soon as possible for commercial operators. He had to give in because of resistance from the other groups on the private sector. The private sector will only be included in 2029 and also only if specific conditions are met and the Parliament agrees again to a new proposal after 2026. "This part of the compromise is painful but it is the spirit of a compromise that you give and take. While I am disappointed that I could not get an earlier date I am happy with the other measures that we agreed upon: a price cap, a limitation of the cost pass through to big oil companies an earlier start of the Social Climate Fund. The Social Climate Fund however will be significantly smaller because the scope is smaller."
Read more: Compromise on ETS will help the climate, protect jobs and protect people