REGULATION (EU) 2021/1119 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’)

the best available and most recent scientific evidence, including the latest reports of the IPCC and the Advisory Board;

international developments and efforts undertaken to achieve the long-term objectives of the Paris Agreement;

the evolving challenges to, and opportunities for, global competitiveness of European industries across Member States, in particular of energy-intensive industries and of SMEs;

the evolution of energy prices and its impact on European industries and households;

the socioeconomic impacts, including the effects on employment;

technological advances and deployment across Member States and sectors of innovative technologies;

the estimated level of net removals at Union level in relation to the targets set out in this Regulation; if the Commission finds that the estimated level of net natural removals for 2040 is significantly diverging from what would be required to achieve the 2040 intermediate target, including where that divergence is due to natural disturbances, the Commission shall propose, where appropriate, measures at Union level, including, if necessary, an adjustment of the 2040 intermediate target corresponding to, and within the limits of, the possible shortfalls, and ensure that possible shortfalls will not be at the expense of other economic sectors;

the progress towards the intermediate targets set out in this Regulation;

the flexibility for Member States to use high-quality international credits to fulfil up to 5 % of their post-2030 targets and efforts.

the following article is inserted:

‘Article 10a

in Article 11, the following paragraph is added:

in Article 1(1), point (a) is replaced by the following:

in Article 2, point (7) is replaced by the following:

in Article 3(2), point (f) is replaced by the following:

in Article 8(2), the following point is added:

Article 11 is replaced by the following:

‘Article 11

Multilevel climate and energy dialogue

Each Member State shall establish a multilevel climate and energy dialogue pursuant to national rules, in which local authorities, civil society organisations, business community, investors and other relevant stakeholders and the general public are able actively to engage and discuss the achievement of the Union’s climate-neutrality objective set out in Article 2(1) of Regulation (EU) 2021/1119 and the different scenarios envisaged for energy and climate policies, including for the long term, and review progress, unless it already has a structure which serves the same purpose. Integrated national energy and climate plans may be discussed within the framework of such a dialogue.’;

Article 15 is amended as follows:

Article 17 is amended as follows:

in Article 29(1), point (b) is replaced by the following:

Article 45 is replaced by the following:

‘Article 45

Review

The Commission shall report to the European Parliament and to the Council within six months of each global stocktake agreed under Article 14 of the Paris Agreement on the operation of this Regulation, its contribution to governance of the Energy Union, its contribution to the long-term goals of the Paris Agreement, progress towards the achievement of the 2030 climate and energy targets and the Union’s climate-neutrality objective set out in Article 2(1) of Regulation (EU) 2021/1119, additional Energy Union objectives and the conformity of the planning, reporting and monitoring provisions laid down in this Regulation with other Union law or decisions relating to the UNFCCC and the Paris Agreement. The Commission reports may be accompanied by legislative proposals where appropriate.’;

Part 1 of Annex I is amended as follows:

in point (c) of Annex VI, point (viii) is replaced by the following: