Directive 2003/87 - Scheme for greenhouse gas emission allowance trading within the EC
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official title
Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/ECLegal instrument | Directive |
---|---|
Number legal act | Directive 2003/87 |
Original proposal | COM(2001)581 ![]() |
CELEX number121 | 32003L0087 |
Document | 13-10-2003 |
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Publication in Official Journal | 25-10-2003; Special edition in Latvian: Chapter 15 Volume 007,Special edition in Slovak: Chapter 15 Volume 007,Special edition in Czech: Chapter 15 Volume 007,Special edition in Bulgarian: Chapter 15 Volume 010,OJ L 275, 25.10.2003,Special edition in Hungarian: Chapter 15 Volume 007,Special edition in Estonian: Chapter 15 Volume 007,Special edition in Slovenian: Chapter 15 Volume 007,Special edition in Romanian: Chapter 15 Volume 010,Special edition in Polish: Chapter 15 Volume 007,Special edition in Lithuanian: Chapter 15 Volume 007,Special edition in Maltese: Chapter 15 Volume 007,Special edition in Croatian: Chapter 15 Volume 009 |
Effect | 25-10-2003; Entry into force Date pub. See Art 32 |
End of validity | 31-12-9999 |
Transposition | 31-12-2003; At the latest See Art 31.1 |
25.10.2003 |
EN |
Official Journal of the European Union |
L 275/32 |
DIRECTIVE 2003/87/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 13 October 2003
establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC
(Text with EEA relevance)
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in particular Article 175(1) thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Economic and Social Committee (2),
Having regard to the opinion of the Committee of the Regions (3),
Acting in accordance with the procedure laid down in Article 251 of the Treaty (4),
Whereas:
(1) |
The Green Paper on greenhouse gas emissions trading within the European Union launched a debate across Europe on the suitability and possible functioning of greenhouse gas emissions trading within the European Union. The European Climate Change Programme has considered Community policies and measures through a multi-stakeholder process, including a scheme for greenhouse gas emission allowance trading within the Community (the Community scheme) based on the Green Paper. In its Conclusions of 8 March 2001, the Council recognised the particular importance of the European Climate Change Programme and of work based on the Green Paper, and underlined the urgent need for concrete action at Community level. |
(2) |
The Sixth Community Environment Action Programme established by Decision No 1600/2002/EC of the European Parliament and of the Council (5) identifies climate change as a priority for action and provides for the establishment of a Community-wide emissions trading scheme by 2005. That Programme recognises that the Community is committed to achieving an 8 % reduction in emissions of greenhouse gases by 2008 to 2012 compared to 1990 levels, and that, in the longer-term, global emissions of greenhouse gases will need to be reduced by approximately 70 % compared to 1990 levels. |
(3) |
The ultimate objective of the United Nations Framework Convention on Climate Change, which was approved by Council Decision 94/69/EC of 15 December 1993 concerning the conclusion of the United Nations Framework Convention on Climate Change (6), is to achieve stabilisation of greenhouse gas concentrations in the atmosphere at a level which prevents dangerous anthropogenic interference with the climate system. |
(4) |
Once it enters into force, the Kyoto Protocol, which was approved by Council Decision 2002/358/EC of 25 April 2002 concerning the approval, on behalf of the European Community, of the Kyoto Protocol to the United Nations Framework Convention on Climate Change and the joint fulfilment of commitments thereunder (7), will commit the Community and its Member States to reducing their aggregate anthropogenic emissions of greenhouse gases listed in Annex A to the Protocol by 8 % compared to 1990 levels in the period 2008 to 2012. |
(5) |
The Community and its Member States have agreed to fulfil their commitments to reduce anthropogenic greenhouse gas emissions under the Kyoto Protocol jointly, in accordance with Decision 2002/358/EC. This Directive aims to contribute to fulfilling the commitments of the European Community and its Member States more effectively, through an efficient European market in greenhouse gas emission allowances, with the least possible diminution of economic development and employment. |
(6) |
Council Decision 93/389/EEC of 24 June 1993 for a monitoring mechanism of Community CO2 and other greenhouse gas emissions (8), established a mechanism for monitoring greenhouse gas emissions and evaluating progress towards meeting commitments in respect of these emissions. This mechanism will assist Member States in determining... |
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- 1.COM(2000) 87 of 8.3.2000.
- 2.COM(2000) 87 of 8.3.2000.
- 3.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 4.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 5.Council Directive 96/61/EC concerning integrated pollution prevention and control, OJ L 257, 10.10.1996, p. 26.
- 6.The IPPC Directive defines pollution as 'the direct or indirect introduction as a result of human activity of substances, vibrations, heat or noise into the air, water or land which may be harmful to human health or the quality of the environment, result in damage to material property, or impair or interfere with amenities and other legitimate uses of the environment'.
- 7.Equivalent to approximately 38% of the European Community's projected total greenhouse gas emissions covered by the Kyoto Protocol in 2010.
- 8.FCCP/CP/2001/2/Add.4 page 24, paragraph 21(b) 'Legal entities, where authorized by the Party, may also perform this function'
- 9.Council Regulation (EEC) No 218/92 of 27 January 1992 on administrative cooperation in the field of indirect taxation (VAT), OJ L 24, 1.2.1992, p. 1.
- 10.COM(2000) 839.
- 11.Commission Decision of 17 July 2000 on the implementation of a European pollutant emission register (EPER) according to Article 15 of Council Directive 96/91/EC concerning integrated pollution prevention and control (IPPC) OJ L 192, 28.7.2000, p. 36.
- 12.Directive of the European Parliament and of the Council of 7 September 2001 on the promotion of electricity from renewable energy sources in the internal electricity market (OJ L ...).
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- 37.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
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- 39.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 40.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
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- 44.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 45.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 46.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 47.Equivalent to approximately 38% of the European Community's projected total greenhouse gas emissions covered by the Kyoto Protocol in 2010.
- 48.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 49.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 50.COM(2000) 87 of 8.3.2000.
- 51.COM(2000) 87 of 8.3.2000.
- 52.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 53.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 54.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 55.COM(2000) 87 of 8.3.2000.
- 56.E.g. the European Union Energy Outlook to 2020, published in November 1999, also known as the Shared Analysis Project.
- 57.An allowance price of EUR 20 is based on the conclusion of the study 'Economic Evaluation of Sectoral Emission Reduction Objectives for Climate Change' of May 2001 (europa.eu.int/comm/environment/enveco ). This study concludes that the Community's Kyoto target - taking into account all six greenhouse gases covered by the Kyoto Protocol - could be implemented with spending up to EUR 20 per tonne of CO2 equivalent.
- 58.An allowance price of EUR 33 is based on the conclusion of the study 'The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model' of February 2000 (available at the DG ENV web-site). This study served as the basis for the Green Paper and focussed (in contrast to the study mentioned in footnote 1) on carbon dioxide emissions only.
- 59.It should be noted that the sectoral boundaries in the PRIMES model do not fully correspond to the categories defined in Annex I of the Directive. Furthermore, the application of size thresholds as proposed is not taken into account in the analysis. However, if there is not an optimal mix of policies and measures in each Member State, the results will under-estimate the benefits of an EU-wide emissions trading system.
- 60.These figures vary from those contained in the Green Paper on emissions trading because the overall target set for CO2 emissions (-8% from 1990) was more challenging than the latest analysis suggests is appropriate (-5%). The less challenging target arises from the fact that emissions from other greenhouse gases could be reduced more cost-effectively (by up to -17% from 1990). Consequently, the overall compliance cost for the EU are lower (down from EUR 9 billion to EUR 7.5 billion per annum) and the savings from emission trading reduced in absolute terms (from EUR 2.2 billion to EUR 1.3 billion). Moreover, the coverage of sectors is slightly narrower than foreseen in the Green Paper.
- 61.COM(2000) 87 of 8.3.2000.
- 62.COM(2000) 87 of 8.3.2000.
- 63.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 64.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 65.Council Directive 96/61/EC concerning integrated pollution prevention and control, OJ L 257, 10.10.1996, p. 26.
- 66.The IPPC Directive defines pollution as 'the direct or indirect introduction as a result of human activity of substances, vibrations, heat or noise into the air, water or land which may be harmful to human health or the quality of the environment, result in damage to material property, or impair or interfere with amenities and other legitimate uses of the environment'.
- 67.Equivalent to approximately 38% of the European Community's projected total greenhouse gas emissions covered by the Kyoto Protocol in 2010.
- 68.FCCP/CP/2001/2/Add.4 page 24, paragraph 21(b) 'Legal entities, where authorized by the Party, may also perform this function'
- 69.Council Regulation (EEC) No 218/92 of 27 January 1992 on administrative cooperation in the field of indirect taxation (VAT), OJ L 24, 1.2.1992, p. 1.
- 70.COM(2000) 839.
- 71.Commission Decision of 17 July 2000 on the implementation of a European pollutant emission register (EPER) according to Article 15 of Council Directive 96/91/EC concerning integrated pollution prevention and control (IPPC) OJ L 192, 28.7.2000, p. 36.
- 72.Directive of the European Parliament and of the Council of 7 September 2001 on the promotion of electricity from renewable energy sources in the internal electricity market (OJ L ...).
- 73.COM(2000) 87 of 8.3.2000.
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- 81.OJ L 33, 7.2.1994, p. 11.
- 82.OJ L
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- 84.OJ L 158, 23.6.1990, p. 56.
- 85.OJ L 377, 31.12.1990, p. 48.
- 86.OJ L 184, 17.7.1999, p. 23.
- 87.OJ L 257, 10.10.1996, p. 26.
- 88.COM(2000) 87 of 8.3.2000.
- 89.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 90.COM(2000) 87 of 8.3.2000.
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- 93.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 94.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 95.COM(2000) 87 of 8.3.2000.
- 96.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 97.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 98.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 99.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 100.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 101.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 102.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 103.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 104.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 105.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 106.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 107.Equivalent to approximately 38% of the European Community's projected total greenhouse gas emissions covered by the Kyoto Protocol in 2010.
- 108.Sources: The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model (europa.eu.int/comm/environment/enveco)
- 109.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 110.COM(2000) 87 of 8.3.2000.
- 111.COM(2000) 87 of 8.3.2000.
- 112.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 113.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 114.COM(1997) 30 final dated 12.3.1997 'Proposal for a Council Directive restructuring the Community framework for the taxation of energy products' (OJ C 139, 6.5.1997, p. 14).
- 115.COM(2000) 87 of 8.3.2000.
- 116.E.g. the European Union Energy Outlook to 2020, published in November 1999, also known as the Shared Analysis Project.
- 117.An allowance price of EUR 20 is based on the conclusion of the study 'Economic Evaluation of Sectoral Emission Reduction Objectives for Climate Change' of May 2001 (europa.eu.int/comm/environment/enveco ). This study concludes that the Community's Kyoto target - taking into account all six greenhouse gases covered by the Kyoto Protocol - could be implemented with spending up to EUR 20 per tonne of CO2 equivalent.
- 118.An allowance price of EUR 33 is based on the conclusion of the study 'The Economic Effects of EU-wide Industry-Level Emission Trading to Reduce Greenhouse Gases - Results from PRIMES model' of February 2000 (available at the DG ENV web-site). This study served as the basis for the Green Paper and focussed (in contrast to the study mentioned in footnote 1) on carbon dioxide emissions only.
- 119.It should be noted that the sectoral boundaries in the PRIMES model do not fully correspond to the categories defined in Annex I of the Directive. Furthermore, the application of size thresholds as proposed is not taken into account in the analysis. However, if there is not an optimal mix of policies and measures in each Member State, the results will under-estimate the benefits of an EU-wide emissions trading system.
- 120.These figures vary from those contained in the Green Paper on emissions trading because the overall target set for CO2 emissions (-8% from 1990) was more challenging than the latest analysis suggests is appropriate (-5%). The less challenging target arises from the fact that emissions from other greenhouse gases could be reduced more cost-effectively (by up to -17% from 1990). Consequently, the overall compliance cost for the EU are lower (down from EUR 9 billion to EUR 7.5 billion per annum) and the savings from emission trading reduced in absolute terms (from EUR 2.2 billion to EUR 1.3 billion). Moreover, the coverage of sectors is slightly narrower than foreseen in the Green Paper.
- 121.Deze databank van de Europese Unie biedt de mogelijkheid de actuele werkzaamheden (workflow) van de Europese instellingen (Europees Parlement, Raad, ESC, Comité van de Regio's, Europese Centrale Bank, Hof van Justitie enz.) te volgen. EURlex volgt alle voorstellen (zoals wetgevende en begrotingsdossiers) en mededelingen van de Commissie, vanaf het moment dat ze aan de Raad of het Europees Parlement worden voorgelegd.
- 122.EUR-lex provides an overview of the proposal, amendments, citations and legality.