1. List of Abbreviations
2. Summary
3. Introduction
4. Criteria for reforming the ESD
5. Reforming Article 1(Subject Matter)
5.1. New Article 1, paragraph 2 (long term commitment)
6. Reforming Article 2 (Definitions)
7. Reforming Article 3 ESD (Emission levels)
7.1. Article 3.1 (national reduction targets)
7.2. Article 3.2, subparagraph 1 (linear reduction trajectory)
7.3. Article 3.2, subparagraph 2 (linear trajectory for Member States with a positive limit)
7.4. Article 3.2, subparagraph 3 (annual and linear reductions)
7.5. Article 3.2, subparagraph 4 (determination of AEAs)
7.6. Article 3.2, subparagraph 5 (delegated acts)
7.7. New Article 3.3 (unilateral target adjustment)
8. Introducing a new Article 4: Flexibility Instruments (integrating parts of the old Article 3 ESD)
8.1. Article 4.1, formerly Article 3 paragraph 3, subparagraph 1 (Borrowing)
8.2. Article 4.2, formerly Article 3 paragraph 3 subparagraph 2 (extreme weather)
8.3. Article 4.3, formerly Article 3 Paragraph 4 (Transfer of AEA between Member States)
8.4. Optional: New Article 4.4 (AEA Auctioning)
8.5. New Article 4.5 (ETS one-off)
8.6. Article 4.6, formerly Article 4.5 (Surplus transfer)
8.7. Article 4.7, formerly Article 4.6 (transfer modalities)
9. Deleting Article 4 (Energy Efficiency)
10. Deleting Article 5 (international offsets and 24a credits)
11. New Article 5 (European Project Mechanism)
12. Reforming Article 6 (Reporting, evaluation of progress, amendments and review)
13. Reforming Article 7 (Corrective action)
13.1. Article 7.1 (abatement factor and corrective action plan)
13.2. Article 7.2 (assessing the corrective action plan)
14. Deleting Article 8 (adjustment of the ESD in light of an international agreement)
15. Deleting Article 9 (LULUCF)
16. Reforming Article 10 (Changes in the scope of Directive 2003/87/EC and application of Article
24a thereof)
17. Reforming Article 11 (Registries and Central Administrator)
18. Reforming Article 12 (Amendments to Regulation (EC) No 994/2008)
19. Reforming Article 13 (delegated acts)
20. Reforming Article 14 (Report, new: Review)
21. Article 15 (Entry into force)
22. Article 16 (Addressees)