Vote on Timing of auctions of greenhouse gas allowances: - extracts from the report Matthias GROOTE (S&D, DE)

Type: -   Reference: 94223   Duration: 00:01:38  Lieu: Strasbourg, France - European Parliament
End production: 03/07/2013   First transmission: 03/07/2013
A proposed freeze on the auctioning of some CO2 emission permits, so as to encourage low-carbon innovation, was adopted today, after the full House narrowly rejected it in April. The text has been amended in committee and now advocates an earlier, more predictable reintroduction of credits in the year following the freeze. MEPs also propose earmarking a share of permit auction revenues for innovation. The growing surplus of emission allowances – due to initial oversupply and the economic slowdown – has made the carbon price fall well below the levels estimated when the EU Emissions Trading System (ETS) was created. The proposal would allow the Commission to “backload” – or delay - the timing of a share of permits to be auctioned, so as to raise the carbon price and thus encourage low-carbon innovation.A compromise between the EPP, S&D and ALDE groups endorsed by the Environment Committee says the Commission "may, in exceptional circumstances" adapt the timing of auctions, provided an impact assessment shows no "significant risk" of companies relocating outside the EU.

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TIME DESCRIPTION DURATION
00:00:00 TITLE 00:00:05
00:00:05 EXTERIOR SHOT of the European Parliament in Strasbourg, France. 00:00:08
00:00:13 Announcement of the vote. 00:00:02
00:00:15 Closer shot on Rapporteur Matthias GROOTE (S&D, DE). 00:00:03
00:00:18 Voting procedure : 9 shots. 00:00:24
00:00:42 Display pannel - Vote results : Voting : 701 ; In favour : 344 ; Against : 311 ; Abstentions : 046 ; 00:00:10
00:00:52 Rapporteur Matthias GROOTE (S&D, DE) asking the House to postpone the final vote on the Legislative Proposal so to allow further negotiations with the Council. 00:00:16
00:01:08 Vote by roll-call on the proposed postponement of the final vote on the Legislative Proposal : 8 shots. 00:00:24
00:01:32 Result of the voting on the postponement : Voting : 698 ; In favour : 370 ; Against : 312 ; Abstention : 016 ; 00:00:02
00:01:34 House congratulating Rapporteur : 3 shots. 00:00:04
00:01:38 END. 00:00:00
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