15.

Directive 2009/29/EC of the European Parliament and of the Council of 23 April 2009 amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading scheme of the Community (Text with EEA relevance) · European Union

Article 12 shall be amended as follows: the following paragraph shall be inserted: ‘1a. The Commission shall, by 31 December 2010, examine whether the market for emissions allowances is sufficiently protected from insider dealing or market manipulation and, if appropriate, shall bring forward proposals to ensure such protection. The relevant provisions of Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse) (*1) may be used with any appropriate adjustments needed to apply them to trade in commodities. (*1) OJ L 96, 12.4.2003, p. 16.’;" the following paragraph shall be inserted: ‘3a. An obligation to surrender allowances shall not arise in respect of emissions verified as captured and transported for permanent storage to a facility for which a permit is in force in accordance with Directive 2009/31/EC of the European Parliament and of the Council of 23 April 2009 on the geological storage of carbon dioxide (*2). (*2) OJ L 140, 5.6.2009, p. 114.’;" the following paragraph shall be added: ‘5. Paragraphs 1 and 2 apply without prejudice to Article 10c.’;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.