Article 28 Adjustments applicable upon the approval by the Union of an international agreement on climate changeF1F2
United Kingdom
Within three months of the signature by the Union of an international agreement on climate change leading, by 2020, to mandatory reductions of greenhouse gas emissions exceeding 20 % compared to 1990 levels, as reflected in the 30 % reduction commitment as endorsed by the European Council of March 2007, the Commission shall submit a report assessing, in particular, the following elements:
the nature of the measures agreed upon in the framework of the international negotiations as well as the commitments made by other developed countries to comparable emission reductions to those of the Union and the commitments made by economically more advanced developing countries to contributing adequately according to their responsibilities and respective capabilities;
the implications of the international agreement on climate change, and consequently, options required at Union level, in order to move to the more ambitious 30 % reduction target in a balanced, transparent and equitable way, taking into account work under the Kyoto Protocol's first commitment period;
the Union manufacturing industries' competitiveness in the context of carbon leakage risks;
the impact of the international agreement on climate change on other Union economic sectors;
the impact on the Union agriculture sector, including carbon leakage risks;
the appropriate modalities for including emissions and removals related to land use, land use change and forestry in the Union ;
afforestation, reforestation, avoided deforestation and forest degradation in third countries in the event of the establishment of any internationally recognised system in this context;
the need for additional Union policies and measures in view of the greenhouse gas reduction commitments of the Union' and of Member States.
On the basis of the report referred to in paragraph 1, the Commission shall, as appropriate, submit a legislative proposal to the European Parliament and to the Council amending this Directive pursuant to paragraph 1, with a view to the amending Directive entering into force upon the approval by the Union of the international agreement on climate change and in view of the emission reduction commitment to be implemented under that agreement.
The proposal shall be based upon the principles of transparency, economic efficiency and cost-effectiveness, as well as fairness and solidarity in the distribution of efforts between Member States.
The proposal shall allow, as appropriate, operators to use, in addition to the credits provided for in this Directive, CERs, ERUs or other approved credits from third countries which have ratified the international agreement on climate change.
The proposal shall also include, as appropriate, any other measures needed to help reach the mandatory reductions in accordance with paragraph 1 in a transparent, balanced and equitable way and, in particular, shall include implementing measures to provide for the use of additional types of project credits by operators in the EU ETS to those referred to in paragraphs 2 to 5 of Article 11a or the use by such operators of other mechanisms created under the international agreement on climate change, as appropriate.
The proposal shall include the appropriate transitional and suspensive measures pending the entry into force of the international agreement on climate change.
Annotations
Textual amendments
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- F2