Enhancing cost-effective emission reductions and low carbon investments; Modernisation Fund

This dossier covers enhancing cost-effective emission reductions and low carbon investments, including the Modernisation Fund. The amendments rewrite provisions on carbon leakage risk for sectors and sub-sectors, defining trade intensity with third countries and emission-intensity thresholds for free allowance allocation, address windfall profits, and reference the EU ETS and the Paris Agreement; some would reject the Commission proposal.