F2CHAPTER IVPROVISIONS APPLYING TO AVIATION AND STATIONARY INSTALLATIONS
Article 28F3Adjustments applicable upon the approval by the F1Union of an international agreement on climate change
1
Within three months of the signature by the F1Union of an international agreement on climate change leading, by 2020, to mandatory reductions of greenhouse gas emissions exceeding 20 % compared to 1990 levels, as reflected in the 30 % reduction commitment as endorsed by the European Council of March 2007, the Commission shall submit a report assessing, in particular, the following elements:
a
the nature of the measures agreed upon in the framework of the international negotiations as well as the commitments made by other developed countries to comparable emission reductions to those of the F1Union and the commitments made by economically more advanced developing countries to contributing adequately according to their responsibilities and respective capabilities;
b
the implications of the international agreement on climate change, and consequently, options required at F1Union level, in order to move to the more ambitious 30 % reduction target in a balanced, transparent and equitable way, taking into account work under the Kyoto Protocol's first commitment period;
c
the F1Union manufacturing industries' competitiveness in the context of carbon leakage risks;
d
the impact of the international agreement on climate change on other F1Union economic sectors;
e
the impact on the F1Union agriculture sector, including carbon leakage risks;
f
the appropriate modalities for including emissions and removals related to land use, land use change and forestry in the F1Union;
g
afforestation, reforestation, avoided deforestation and forest degradation in third countries in the event of the establishment of any internationally recognised system in this context;
2
On the basis of the report referred to in paragraph 1, the Commission shall, as appropriate, submit a legislative proposal to the European Parliament and to the Council amending this Directive pursuant to paragraph 1, with a view to the amending Directive entering into force upon the approval by the F1Union of the international agreement on climate change and in view of the emission reduction commitment to be implemented under that agreement.
The proposal shall be based upon the principles of transparency, economic efficiency and cost-effectiveness, as well as fairness and solidarity in the distribution of efforts between Member States.
3
The proposal shall allow, as appropriate, operators to use, in addition to the credits provided for in this Directive, CERs, ERUs or other approved credits from third countries which have ratified the international agreement on climate change.
4
The proposal shall also include, as appropriate, any other measures needed to help reach the mandatory reductions in accordance with paragraph 1 in a transparent, balanced and equitable way and, in particular, shall include implementing measures to provide for the use of additional types of project credits by operators in the F1EU ETS to those referred to in paragraphs 2 to 5 of Article 11a or the use by such operators of other mechanisms created under the international agreement on climate change, as appropriate.
5
The proposal shall include the appropriate transitional and suspensive measures pending the entry into force of the international agreement on climate change.
Inserted by Directive 2008/101/EC of the European Parliament and of the Council of 19 November 2008 amending Directive 2003/87/EC so as to include aviation activities in the scheme for greenhouse gas emission allowance trading within the Community (Text with EEA relevance).