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

Type: News   Reference: 95252   Duration: 00:00:56  Lieu: Strasbourg, France - European Parliament
End production: 10/12/2013   First transmission: 10/12/2013
Plans to freeze the auctioning of some CO2 permits to encourage firms to invest in low-carbon innovation have been voted today, after EU ministers endorsed the July 2013 EP proposal setting stricter conditions for the freeze. The aim is to restore the incentive effect of the Emissions Trading System, which is designed to cut greenhouse gas emissions and tackle climate change. The amendment proposed by Parliament and approved by Council, states that the European Commission may, in exceptional circumstances, adapt the timing of auctions, provided an impact assessment shows the sectors concerned will not face a significant risk of companies relocating outside the EU. The Commission will only be able to make one such adaptation in the third phase of the Emissions Trading System (ETS) for a maximum of 900 million allowances. Voting : 693 ; In favour : 385 ; Agaisnt: 284 ; Abstentions : 024.

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TIME DESCRIPTION DURATION
00:00:00 TITLE 00:00:05
00:00:05 EXTERIOR SHOT of the European Parliament, Strasbourg. 00:00:05
00:00:10 Announcement of the vote. 00:00:16
00:00:26 Opening of the vote. 00:00:20
00:00:46 Result of the vote : Voting : 693 ; In favour : 385 ; Agaisnt: 284 ; Abstentions : 024. 00:00:01
00:00:47 Close shot on Rapporteur Matthias GROOTE (S&D, DE). 00:00:09
00:00:56 END. 00:00:00
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