Directive (EU) 2018/410 of the European Parliament and of the Council of 14 March 2018 amending Directive 2003/87/EC to enhance cost-effective emission reductions and low-carbon investments, and Decision (EU) 2015/1814Text with EEA relevance.

Article 1 of Decision (EU) 2015/1814 is amended as follows:

(1) In the first subparagraph of paragraph 5, the following sentence is added:

By way of derogation from the first and second sentences, until 31 December 2023, the percentages and the 100 million allowances referred to in those sentences shall be doubled..

(2) The following paragraph is inserted:

5a.

Unless otherwise decided in the first review carried out in accordance with Article 3, from 2023 allowances held in the reserve above the total number of allowances auctioned during the previous year shall no longer be valid..

Article 3

Transposition

1. Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 9 October 2019. They shall immediately inform the Commission thereof.

When Member States adopt those measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States.

By way of derogation from the first subparagraph, Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with the publication and reporting obligations contained in point (14)(f) of Article 1 of this Directive concerning Article 10a(6) of Directive 2003/87/EC by 31 December 2018.

1. Member States shall communicate to the Commission the text of the main measures of national law which they adopt in the field covered by this Directive.

Article 4

Transitional provision

When complying with their obligation as set out in the first subparagraph of Article 3(1) of this Directive, Member States shall ensure that their national legislation transposing Article 10, Article 10a(4) to (7), the first and second subparagraphs of Article 10a(8), Article 10a(12) to (18), Article 10c and Article 11a(8) and (9) of Directive 2003/87/EC, and Annexes IIa and IIb to that Directive, as in force on 19 March 2018, continue to apply until 31 December 2020. The list contained in the Annex to Decision 2014/746/EU shall continue to apply until 31 December 2020.

Article 5

Entry into force

This Directive shall enter into force on the twentieth day following its publication in the Official Journal of the European Union.

Article 6

Addressees

This Directive is addressed to the Member States.

Done at Strasbourg, 14 March 2018.

For the European Parliament

The President

A. Tajani

For the Council

The President

L. Pavlova

Annex

ANNEX I

Annex IIb to Directive 2003/87/EC is replaced by the following:

.

Annex

ANNEX IIb

DISTRIBUTION OF FUNDS FROM THE MODERNISATION FUND UNTIL 31 DECEMBER 2030

Share of Modernisation FundBulgaria5,84 %Czech Republic15,59 %Estonia2,78 %Croatia3,14 %Latvia1,44 %Lithuania2,57 %Hungary7,12 %Poland43,41 %Romania11,98 %Slovakia6,13 %

Annex

ANNEX II

In Part A of Annex IV to Directive 2003/87/EC, the paragraph under the fourth heading entitled Monitoring of emissions of other greenhouse gases is replaced by the following: