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En En Amendments 1 European Parliament 2019-2024 Committee on Economic and Monetary Affairs 2020/2043(INI) 11.11.2020 AMENDMENTS 1 - 115 Draft opinion Luis Garicano (PE657.390v01-00) Towards a WTO-compatible EU carbon border adjustment mechanism (2020/2043(INI)) AM\1217687EN.docx PE660.214v01-00 EN United in diversityEN AM_Com_NonLegOpinion PE660.214v01-00 2/56 AM\1217687EN.docx EN Amendment 1 Damien Carême on behalf of the Verts/ALE Group Draft opinion Paragraph -1 (new) Draft opinion Amendment -1. Whereas the EU Member States grant many subsidies to the intensive industries through fiscal support, including tax breaks for energy use, and price and income support for energy intensive companies and processes1a; _________________ 1a CAN Europe, « European Fat Cats : EU energy intensive industrie : paid to pollute, not to decarbonise », April 2018 Or. en Amendment 2 Damien Carême on behalf of the Verts/ALE Group Draft opinion Paragraph -1 a (new) Draft opinion Amendment -1 a. Whereas excess emission allowances that industry actors initially received leads to an unreasonable amount of windfall profits (over 25 billion euros during 2008- 2015)1b; _________________ 1b CAN Europe, « European Fat Cats : EU energy intensive industrie : paid to pollute, not to decarbonise », April 2018 Or. en Amendment 3 AM\1217687EN.docx 3/56 PE660.214v01-00 EN Damien Carême on behalf of the Verts/ALE Group Draft opinion Paragraph -1 b (new) Draft opinion Amendment -1 b. Whereas intensive industries are responsible for a high proportion of the total energy consumed globally (37%) and the high proportion of air pollution produced, roughly a fifth of total greenhouse gas emissions; Or. en Amendment 4 Damien Carême on behalf of the Verts/ALE Group Draft opinion Paragraph -1 c (new) Draft opinion Amendment -1 c. Whereas air pollution has major consequences on health; causing each year 231,554 premature deaths in the EU due to air pollution, almost a quarter of which comes from energy intensive industry; Or. en Amendment 5 Damien Carême on behalf of the Verts/ALE Group Draft opinion Paragraph -1 d (new) Draft opinion Amendment -1 d. Whereas air pollution has significant economic costs, with an PE660.214v01-00 4/56 AM\1217687EN.docx EN average annual health costs amounting to at least €215 billion; Or. en Amendment 6 Gunnar Beck, Sylvia Limmer Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the carbon border carbon border adjustment mechanism adjustment mechanism (CBAM) should be (CBAM) should be to support the EU’s shelved until COVID has been eradicated green objectives by fighting carbon and the European economies have fully leakage; relaunched, signified by a growth of 2.5 percent of GDP on average during the course of 3 years; Or. en Amendment 7 Danuta Maria Hübner Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives; leakage; Or. en Amendment 8 Luděk Niedermayer Draft opinion Paragraph 1 AM\1217687EN.docx 5/56 PE660.214v01-00 EN Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that main aims of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives by fighting carbon leakage leakage; and creating a level playing field between domestic and foreign producers, which would promote the competitiveness of companies based in the EU and low- carbon production within the EU. Or. en Amendment 9 Eero Heinäluoma Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives by addressing carbon leakage; leakage, increasing demand for low carbon processes and products and reducing the carbon content of products; believes that an ultimate aim should be to work towards a global climate policy with a global carbon price; Or. en Amendment 10 Paul Tang, Niels Fuglsang Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism PE660.214v01-00 6/56 AM\1217687EN.docx EN (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives by incentivising the leakage; reduction of imports greenhouse gas (GHG) emissions and investments in green and energy efficient technology at European and global levels ; Or. en Amendment 11 Joachim Schuster Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Welcomes the European goal of carbon border adjustment mechanism achieving a socially just transition to (CBAM) should be to support the EU’s climate neutrality by 2050 as well as the green objectives by fighting carbon 60%-goal for 2030; notes with concern leakage; the lack of ambition in climate efforts in EU economic policy as well as in many other policy spheres; calls for the Paris Agreement and its 1.5 percent goal to become the guiding principle of economic policy to which all initiatives must be adjusted; Believes that the main aim of the carbon border adjustment mechanism (CBAM) should be to support the EU’s green objectives by fighting carbon leakage; underlines that a universal system needs to be the final goal of the initiative since decentral climate protection measures will not have the desired effect and would only result in carbon leakage as well as have disadvantageous effects on European industries; thus suggests the externalisation of the EU emissions trading system (EU ETS) as a possible CBAM; expects the Commission to initiate negotiations for a global approach within the framework of the WTO or the G20; Or. en AM\1217687EN.docx 7/56 PE660.214v01-00 EN Amendment 12 Manon Aubry Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Recalls the international carbon border adjustment mechanism obligations of the Union under the Paris (CBAM) should be to support the EU’s Agreement; acknowledges the Green green objectives by fighting carbon Deal, the goal of achieving climate leakage; neutrality by 2050 and the newly announced target as voted by the European Parliament of at least 60% reduction of greenhouse gas emissions by 2030; notes the lack of international climate efforts to limit global warming to 1.5 C; believes that the main aim of the carbon border adjustment mechanism (CBAM) should be to support the EU’s green objectives and fight climate change, notably by fighting carbon leakage; Or. en Amendment 13 Sirpa Pietikäinen Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives by fighting carbon leakage; leakage; stresses that the CBAM should come with a 2050 decarbonisation target and required transition plans for the EU industry; Or. en PE660.214v01-00 8/56 AM\1217687EN.docx EN Amendment 14 Bogdan Rzońca Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives by fighting global GHG leakage; emissions, enabling just transition and pursuing the key objective of the strategic resilience of the EU; Or. en Amendment 15 Jessica Stegrud Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon green objectives by fighting carbon leakage; leakage, without violating WTO- compatibility; Or. en Amendment 16 Agnès Evren Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s AM\1217687EN.docx 9/56 PE660.214v01-00 EN green objectives by fighting carbon green objectives and achieve the climate leakage; objectives set out in the Paris Agreement by fighting carbon leakage; Or. fr Amendment 17 Damien Carême on behalf of the Verts/ALE Group Draft opinion Paragraph 1 Draft opinion Amendment 1. Believes that the main aim of the 1. Believes that the main aim of the carbon border adjustment mechanism carbon border adjustment mechanism (CBAM) should be to support the EU’s (CBAM) should be to support the EU’s green objectives by fighting carbon climate objectives and to contribute to the leakage; achievement of climate neutrality as of 2040; Or. en Amendment 18 Gunnar Beck, Sylvia Limmer Draft opinion Paragraph 1 a (new) Draft opinion Amendment 1 a. Believes that there is no need for a CBAM under the Paris Agreement since all countries have agreed to implement relevant emissions policies; believes that the introduction of a CBAM would constitute a motion of no-confidence of the EU towards all third countries; recalls that the European Green Deal Communication stipulates that third countries should share the same climate ambition as the EU; Or.
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