natgillin/translations-raw huggingface dataset:
European Environment Agency
European Environment Agency
European Regions Airline Association
European Regions Airline Association
Euro Alliages
Euro Alliages
European Climate Foundation
European Climate Foundation
European Confederation of Woodworking industries
European Confederation of Woodworking industries
European Investment Bank
European Investment Bank
Finnish Perm Rep
Finnish Perm Rep
Fleishman Hillard
Fleishman Hillard
French Ministry of Ecology, Sustainable Development and Town and Country Planning
French Ministry of Ecology, Sustainable Development and Town and Country Planning
French Permanent Representation to the EU
French Permanent Representation to the EU
German Foreign Office
German Foreign Office
German Ministry for the Environment, Nature conservation & Nuclear safety
German Ministry for the Environment, Nature conservation & Nuclear safety
German Perm Rep
German Perm Rep
Harvard University
Harvard University
Hogan & Hartson Raue
Hogan & Hartson Raue
Icelandic Mission to the EU
Icelandic Mission to the EU
IFIEC Europe
IFIEC Europe
IMA Europe
IMA Europe
Icelandic Ministry for the Environment
Icelandic Ministry for the Environment
Institute for European Environmental Policy
Institute for European Environmental Policy
Irish Dairy Industries Association
Irish Dairy Industries Association
Irish Min.
Irish Min.
Agriculture, Food & Rural Development
Agriculture, Food & Rural Development
Permanent Representation of Ireland to the EU
Permanent Representation of Ireland to the EU
Italian Dept. for EU affairs
Italian Dept. for EU affairs
Italian Min. for Environment, Land & Sea
Italian Min. for Environment, Land & Sea
JC - Consulting attorney / Emissions trading
JC - Consulting attorney / Emissions trading
JP Morgan
JP Morgan
Kevin Leydon & Associates
Kevin Leydon & Associates
Lazio Regional Representation - EU Affairs
Lazio Regional Representation - EU Affairs
Ludwig-Maximilian Universitaet Muenchen
Ludwig-Maximilian Universitaet Muenchen
Permanent Mission of the Kingdom of the Netherlands to the EU
Permanent Mission of the Kingdom of the Netherlands to the EU
Premier Periclase
Premier Periclase
PT Management Consultants
PT Management Consultants
Rio Tinto
Rio Tinto
Slovenian Perm Rep
Slovenian Perm Rep
Smurfit Kappa Group
Smurfit Kappa Group
Sol Group
Sol Group
Solomon Associates
Solomon Associates
Svensk Energi
Svensk Energi
Swedish Energy Agency
Swedish Energy Agency
Swedish Ministry of Environment
Swedish Ministry of Environment
The Brattle Group
The Brattle Group
The Ecofin Research Foundation
The Ecofin Research Foundation
Thyssen Krupp
Thyssen Krupp
Transatlantic Policy Network
Transatlantic Policy Network
University College Dublin
University College Dublin
University of Cambridge - Electricity Policy Research Group
University of Cambridge - Electricity Policy Research Group
Universite Paris Dauphine
Universite Paris Dauphine
US House of Representatives
US House of Representatives
Weber Shandwick
Weber Shandwick
Wietersdorfer Gruppe
Wietersdorfer Gruppe
World Bank
World Bank
World Resources Institute
World Resources Institute
относно предложението за директива на Европейския парламент и на Съвета за изменение на Директива 2003/87/ЕО с оглед подобряване и разширяване на схемата за търговия с квоти за емисии на парникови газове на Общността
on the proposal for a directive of the European Parliament and of the Council amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading system of the Community
(*) Процедура с асоциирани комисии – член 47 от правилника
(*) Associated committee – Rule 47 of the Rules of Procedure
Addressing climate change and the transition to a low carbon society is a key global priority.
Addressing climate change and the transition to a low carbon society is a key global priority.
This is reflected by the fact that Parliament has established a dedicated Temporary Committee on Climate Change.
This is reflected by the fact that Parliament has established a dedicated Temporary Committee on Climate Change.
Based on the conclusions of the 2007 Spring Council and previous resolutions from Parliament, the Commission presented in January 2008 a very ambitious package that will achieve reductions in EU greenhouse gas emissions of at least a 20% by 2020, increasing to 30% in case of a comprehensive international agreement.
Based on the conclusions of the 2007 Spring Council and previous resolutions from Parliament, the Commission presented in January 2008 a very ambitious package that will achieve reductions in EU greenhouse gas emissions of at least a 20% by 2020, increasing to 30% in case of a comprehensive international agreement.
This quantum leap in Europe's policy making provides a crystal clear signal to other countries that the EU is seriously committed to fighting climate change.
This quantum leap in Europe's policy making provides a crystal clear signal to other countries that the EU is seriously committed to fighting climate change.
The EU Emissions Trading Scheme (EU ETS), launched in 2005, is the world's largest cap-and-trade scheme, covering ten thousands of operators.
The EU Emissions Trading Scheme (EU ETS), launched in 2005, is the world's largest cap-and-trade scheme, covering ten thousands of operators.
It is the cornerstone of the EU's approach to climate change.
It is the cornerstone of the EU's approach to climate change.
It is also a major economic driver.
It is also a major economic driver.
Many companies covered by the EU ETS view it as one of the key issues in their long-term decision making, with a strong to medium impact on decisions to develop innovative technologies.
Many companies covered by the EU ETS view it as one of the key issues in their long-term decision making, with a strong to medium impact on decisions to develop innovative technologies.
Review of EU Emissions Trading Scheme - Survey Highlights, McKinsey, 2005 Financial institutions increasingly see the EU ETS as a serious, working and important market.
Review of EU Emissions Trading Scheme - Survey Highlights, McKinsey, 2005 Financial institutions increasingly see the EU ETS as a serious, working and important market.
The first two phases of EU ETS have proven that a viable internal market in emissions allowances is capable of putting a price on carbon.
The first two phases of EU ETS have proven that a viable internal market in emissions allowances is capable of putting a price on carbon.
However, they were not without problems.
However, they were not without problems.
The dependence of the scheme on national allocation plans led to a plunging of the price for CO2 due to over allocation by Member States, unjustifiable windfall profits for many power generators, unfair competition within the EU caused by differences in national allocations and uncertainty for market players.
The dependence of the scheme on national allocation plans led to a plunging of the price for CO2 due to over allocation by Member States, unjustifiable windfall profits for many power generators, unfair competition within the EU caused by differences in national allocations and uncertainty for market players.
These problems have been addressed in a comprehensive review of the EU ETS that was undertaken against the backdrop of international negotiations for a post-Kyoto agreement.
These problems have been addressed in a comprehensive review of the EU ETS that was undertaken against the backdrop of international negotiations for a post-Kyoto agreement.
In January 2008, the Commission published a proposal for a revised EU ETS
In January 2008, the Commission published a proposal for a revised EU ETS
Your draftswoman welcomes the proposed revision of the EU ETS.
Your draftswoman welcomes the proposed revision of the EU ETS.
Firstly, by introducing a single EU-wide cap on the total number of emission allowances (including a single new entrants reserve), harmonizing the allocation method (in principal auctioning - for non-power generating sectors a gradual phase-out of free allocation) and setting key definitions (such as on combustion installation), the proposal will lead to an increased harmonisation and a better level playing field.
Firstly, by introducing a single EU-wide cap on the total number of emission allowances (including a single new entrants reserve), harmonizing the allocation method (in principal auctioning - for non-power generating sectors a gradual phase-out of free allocation) and setting key definitions (such as on combustion installation), the proposal will lead to an increased harmonisation and a better level playing field.
Secondly, the scheme's predictability will be enhanced by setting a longer allocation period and steady, predictable reductions in the level of the cap.
Secondly, the scheme's predictability will be enhanced by setting a longer allocation period and steady, predictable reductions in the level of the cap.
Thirdly, by expanding the scope to cover new industries (e.g. aluminium and ammonia producers) and new gases (nitrous oxide and perfluorocarbons), more opportunities will be created to find cost effective ways to reduce emissions.
Thirdly, by expanding the scope to cover new industries (e.g. aluminium and ammonia producers) and new gases (nitrous oxide and perfluorocarbons), more opportunities will be created to find cost effective ways to reduce emissions.
Finally, the proposal will reduce the administrative burden (especially on SMEs) by creating an opt-out for small installations.
Finally, the proposal will reduce the administrative burden (especially on SMEs) by creating an opt-out for small installations.
However, in order to further strengthen the proposal and make the scheme even more workable and effective, several elements should be changed.
However, in order to further strengthen the proposal and make the scheme even more workable and effective, several elements should be changed.
The aim of most of these changes is to reduce the uncertainty and enhance the predictability of the scheme.
The aim of most of these changes is to reduce the uncertainty and enhance the predictability of the scheme.
This is vital from an environmental point of view , since uncertainty is detrimental for the planning of future investments which could lead to emission reductions - e.g. through energy efficiency or through the renewal of old capacity.
This is vital from an environmental point of view , since uncertainty is detrimental for the planning of future investments which could lead to emission reductions - e.g. through energy efficiency or through the renewal of old capacity.
Rewarding most efficient operators
Rewarding most efficient operators
Energy efficiency is a cornerstone of efforts to achieve a low carbon society.
Energy efficiency is a cornerstone of efforts to achieve a low carbon society.
Therefore, where allowances will be allocated for free, it is important not to allocate them on an historical basis (in fact supporting incumbents), but on the basis of Best Available Practices / Best Available Technologies.
Therefore, where allowances will be allocated for free, it is important not to allocate them on an historical basis (in fact supporting incumbents), but on the basis of Best Available Practices / Best Available Technologies.
By allocating the allowances on the basis of the most efficient benchmark(s), the scheme will reward energy efficient companies that have invested in environmental friendly production processes.
By allocating the allowances on the basis of the most efficient benchmark(s), the scheme will reward energy efficient companies that have invested in environmental friendly production processes.
It is critical for industry to work together to establish those benchmarks as soon as possible, since where no harmonised benchmark exists, no free allocation should be made.
It is critical for industry to work together to establish those benchmarks as soon as possible, since where no harmonised benchmark exists, no free allocation should be made.
Energy efficiency is the most cost effective and immediately available tool for reducing emissions, as well as for enhancing security of energy supply and competitiveness.
Energy efficiency is the most cost effective and immediately available tool for reducing emissions, as well as for enhancing security of energy supply and competitiveness.
A range of energy efficiency technologies already exist and can be introduced with short lead times.
A range of energy efficiency technologies already exist and can be introduced with short lead times.
In the future the EU ETS could be linked to a harmonised 'white certificates'-scheme, that promotes energy savings and energy efficiency.
In the future the EU ETS could be linked to a harmonised 'white certificates'-scheme, that promotes energy savings and energy efficiency.
It is important that the Commission properly considers these possibilities.
It is important that the Commission properly considers these possibilities.
Auction revenues
Auction revenues
It has been estimated that the revenues from the auctioning of allowances will amount at least € 33 billion per year (assuming only auctioning for the power generation sector and a relatively modest CO2 price)
It has been estimated that the revenues from the auctioning of allowances will amount at least € 33 billion per year (assuming only auctioning for the power generation sector and a relatively modest CO2 price)
"Does the EU have sufficient resources to meet its objectives on energy policy and climate change".
"Does the EU have sufficient resources to meet its objectives on energy policy and climate change".
Policy Department on Budgetary Affairs, European Parliament, 2008. .
Policy Department on Budgetary Affairs, European Parliament, 2008. .
In the proposal these revenues will go to the budgets of Member States, with a 'moral obligation' on them to earmark a share of them to tackle climate change in a broad sense.
In the proposal these revenues will go to the budgets of Member States, with a 'moral obligation' on them to earmark a share of them to tackle climate change in a broad sense.
However, this is not strong enough and could lead for the revenues to "disappear" in the national budget.
However, this is not strong enough and could lead for the revenues to "disappear" in the national budget.
That would be a missed opportunity to use this money for emission reductions and support for the developing world, preferably at an EU level.
That would be a missed opportunity to use this money for emission reductions and support for the developing world, preferably at an EU level.
Insider information and market manipulation
Insider information and market manipulation
In an average week, more than 10 million allowances are traded, resulting in a market worth several billion Euros.
In an average week, more than 10 million allowances are traded, resulting in a market worth several billion Euros.
The legal nature of these allowances is however unclear.
The legal nature of these allowances is however unclear.
Application of the Emissions Trading Directive by EU Member States, European Environment Agency, 2008.
Application of the Emissions Trading Directive by EU Member States, European Environment Agency, 2008.
In order to avoid market manipulation and inside trading, it is important to consider how to apply the rules for financial markets to emission allowances.
In order to avoid market manipulation and inside trading, it is important to consider how to apply the rules for financial markets to emission allowances.
By applying similar rules, price formation in the market will be based more on market relevant information and less on anti-competitive speculation, for example by hedge funds or sovereign wealth funds.
By applying similar rules, price formation in the market will be based more on market relevant information and less on anti-competitive speculation, for example by hedge funds or sovereign wealth funds.
Furthermore, publication of market sensitive information by the Commission and Member States should be strictly and clearly regulated, since the release of market sensitive data has potentially huge financial consequences.
Furthermore, publication of market sensitive information by the Commission and Member States should be strictly and clearly regulated, since the release of market sensitive data has potentially huge financial consequences.
The same rules should apply to those regarding stock market sensitive information.
The same rules should apply to those regarding stock market sensitive information.
Carbon leakage
Carbon leakage
As long as a global framework is not in place yet, an emissions reduction regime which is too burdensome could lead to companies moving their production outside the EU.
As long as a global framework is not in place yet, an emissions reduction regime which is too burdensome could lead to companies moving their production outside the EU.
This would not only have economic and social consequences, but it would also undermine environmental goals - since these companies would no longer be subject to the same emissions controls.
This would not only have economic and social consequences, but it would also undermine environmental goals - since these companies would no longer be subject to the same emissions controls.
The Commission acknowledges this problem, but postpones the solution: By 2010 the sectors that are vulnerable to carbon leakage will be identified and by 2011 the Commission will propose possible measures to prevent it (100% free allocation of allowances and/or coverage of imports under the EU ETS).
The Commission acknowledges this problem, but postpones the solution: By 2010 the sectors that are vulnerable to carbon leakage will be identified and by 2011 the Commission will propose possible measures to prevent it (100% free allocation of allowances and/or coverage of imports under the EU ETS).
Furthermore, the list of vulnerable sectors will be reviewed every 3 years.
Furthermore, the list of vulnerable sectors will be reviewed every 3 years.
Your draftswoman clearly prefers a global agreement, which will cover all relevant companies and sector.
Your draftswoman clearly prefers a global agreement, which will cover all relevant companies and sector.
In the event that this goal will not be reached, global sectoral agreements (with objective, verifiable emission reduction goals) would be a 'second best' option.
In the event that this goal will not be reached, global sectoral agreements (with objective, verifiable emission reduction goals) would be a 'second best' option.
However, in case both options do not materialise, the EU needs to have in place a mechanism that will provide the necessary certainty and predictability needed for long term investments and the renewal of asset portfolios in these sectors.
However, in case both options do not materialise, the EU needs to have in place a mechanism that will provide the necessary certainty and predictability needed for long term investments and the renewal of asset portfolios in these sectors.
Keeping in mind that the scheme will start operating in 2013, companies and investors need earlier and longer term certainty about how many allowances each sector will get.
Keeping in mind that the scheme will start operating in 2013, companies and investors need earlier and longer term certainty about how many allowances each sector will get.
On the other hand, international negotiations could be unnecessarily impeded if the EU specifies now which sectors will be protected through free allowances.
On the other hand, international negotiations could be unnecessarily impeded if the EU specifies now which sectors will be protected through free allowances.
The best way to ensure greater certainty for market players without compromising the international negotiations is to speed up the Commission's timing and lengthen the period between reviews, whilst ensuring that no announcements are made before the expected conclusion of international negotiations in December 2009.
The best way to ensure greater certainty for market players without compromising the international negotiations is to speed up the Commission's timing and lengthen the period between reviews, whilst ensuring that no announcements are made before the expected conclusion of international negotiations in December 2009.
SMEs and administrative burden
SMEs and administrative burden
It is to the benefit of SMEs to take the lead and invest in low carbon technology.
It is to the benefit of SMEs to take the lead and invest in low carbon technology.
However, the precise regulatory environment needs to take into account their particular situation.
However, the precise regulatory environment needs to take into account their particular situation.
The proposal allows small combustion installations (below 25MW) to be excluded from the scheme if equivalent measures are in place.
The proposal allows small combustion installations (below 25MW) to be excluded from the scheme if equivalent measures are in place.
This threshold is rather low.
This threshold is rather low.
One third of the total combustion installations that are covered by the scheme is relatively small (below 50MW), but together they account for only 2% of the overall emissions reported.
One third of the total combustion installations that are covered by the scheme is relatively small (below 50MW), but together they account for only 2% of the overall emissions reported.
It seems therefore to be cost effective to raise the threshold for small installations (for example to the threshold of the IPPC) to opt-out from the scheme.
It seems therefore to be cost effective to raise the threshold for small installations (for example to the threshold of the IPPC) to opt-out from the scheme.
Further harmonization
Further harmonization
To provide more legal certainty and to create a true level playing field in the EU, further harmonization should be envisaged.
To provide more legal certainty and to create a true level playing field in the EU, further harmonization should be envisaged.
That is the case for definitions (for example for closure), but also for fees/charges and fines/penalties.
That is the case for definitions (for example for closure), but also for fees/charges and fines/penalties.
For example, the maximum fines for similar infringements deviate substantially between Member States: from € 600 to € 15 million.
For example, the maximum fines for similar infringements deviate substantially between Member States: from € 600 to € 15 million.
International aspects
International aspects
The EU ETS should constitute the first step towards a global system for emissions trading.
The EU ETS should constitute the first step towards a global system for emissions trading.
Therefore, it is vital to make it possible to link other trading schemes to the EU ETS and - making use of all possible Community instruments - to encourage third countries bordering the EU to join the EU ETS.
Therefore, it is vital to make it possible to link other trading schemes to the EU ETS and - making use of all possible Community instruments - to encourage third countries bordering the EU to join the EU ETS.
For developing countries, the EU must seize the opportunities offered by the EU ETS to assist these countries in becoming carbon neutral by making the necessary investments and through knowledge transfer.
For developing countries, the EU must seize the opportunities offered by the EU ETS to assist these countries in becoming carbon neutral by making the necessary investments and through knowledge transfer.
In view of the ever increasing share of newly industrialised countries’ emissions, it is necessary to set the aim of ensuring their participation, not only the aim to encourage them to do so.
In view of the ever increasing share of newly industrialised countries’ emissions, it is necessary to set the aim of ensuring their participation, not only the aim to encourage them to do so.
It is necessary to set the aim of ensuring the participation developing countries, not only the aim to encourage them to do so.
It is necessary to set the aim of ensuring the participation developing countries, not only the aim to encourage them to do so.