Legal provisions of COM(2012)416 - Amendment of Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances

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dossier COM(2012)416 - Amendment of Directive 2003/87/EC clarifying provisions on the timing of auctions of greenhouse gas allowances.
document COM(2012)416 EN
date December 17, 2013

Contents

Article 1

In the first subparagraph of Article 10(4) of Directive 2003/87/EC the following sentences are added:

‘Where an assessment shows for the individual industrial sectors that no significant impact on sectors or subsectors exposed to a significant risk of carbon leakage is to be expected, the Commission may, in exceptional circumstances, adapt the timetable for the period referred to in Article 13(1) beginning on 1 January 2013 so as to ensure the orderly functioning of the market. The Commission shall make no more than one such adaptation for a maximum number of 900 million allowances.’.

Article 2

This Decision is addressed to the Member States.