Changes from report parliamentary committee draft to plenary report

On 31 March 2026, the European Commission presented a targeted legislative proposal to cease the invalidation of allowances in the Market Stability Reserve (MSR) established by Decision (EU) 2015/1814.

On 12 May 2026, the Coordinators of the Committee on the Environment, Climate and Food Safety (ENVI) agreed to appoint the Chair of the Committee as Rapporteur for the proposal.

In light of this institutional mandate, the Chair has chosen to not modify the Commission’s proposal in the draft report. This however should not be understood as a substantive position on the Commission’s proposal, but rather the fulfilment of an institutional mandate to allow the parliamentary work to proceed.

Moreover, the Coordinators expressed the view that the MSR proposal should be examined also within the broader context of the upcoming comprehensive review of the EU Emissions Trading System (ETS), which is expected to be presented in mid-July 2026. The Chair therefore considers it premature, at this stage, to adopt a definitive position on the MSR proposal in isolation from the wider ETS reform.

The present draft report should therefore not be understood as a starting negotiating position, nor as an endorsement of the Commission proposal as such. It is intended instead as the opening of a discussion enabling all political groups and Members to table amendments, to articulate their views as part of a proper and inclusive parliamentary discussion, and to avoid prejudging a substantive debate until the full picture of the ETS review is available.