Connie Hedegaard, EU Commissioner for Climate Action, welcomed today's positive vote by the European Parliament on the carbon market 'backloading' proposal.
"With today's vote, the European Parliament has sent a clear message: Europe needs an effective ETS and a genuinely European climate policy. I of course welcome this positive vote which also shows that the European Parliament shares the Commission's view: we must have a well-functioning European carbon market to boost innovative low-carbon technologies in Europe. The next step is now for the Council to take a decision. The sooner, the better, so that we can move on to the structural reform of the ETS as soon as possible."
Under the ordinary legislative procedure applicable in this case and laid down in the Treaty (Art. 294 TFEU), a legislative act is adopted if both the Parliament and Council adopt the same text in first reading.
Today's vote means that the Parliament has decided to support the Commission's proposal subject to certain amendments, but it has also decided not yet to formalise this position so as to allow for negotiations with the Council with a view to agreeing a single text in first reading. Once the so-called "trialogue" negotiations have led to such a compromise text, that text is then usually adopted formally by the two institutions, thereby leading to adoption in first reading.