With regard to the different design elements, it has shown that operating the market stability reserve in relation to the total number of allowances in circulation has the advantage to capture changes in demand not only due to macroeconomic changes, but also impacts of other factors such as complementary policies, as well as changes on the supply side like the inflow of international credits.

While the impact assessment has shown that establishing a market stability reserve already in phase 3 would deliver benefits for the strengthening and the efficiency of the carbon market, back-loading is expected to provide some temporary relief in the coming years.

1. Is highly concerned that the Court of Auditors issued a qualified opinion concerning the legality and regularity of the transactions underlying the College’s annual accounts, in particular, the Court of Auditors’ audit showed that some procurement procedures were irregular: in four cases the College purchased goods and services in the absence of a contract or a tendering procedure, for a total of EUR 344 111, and in one case, the procedure was handled by a member of staff not qualified in procurement and as a result no terms of reference were specified, no financial offer was requested or received and no financial ...[+++]evaluation was carried out (for a total amount of EUR 11 000);

1. In order to improve the operation of the market in wines with a protected designation of origin or geographical indication, including the grapes, musts and wines from which they derive, producer Member States, particularly by way of implementing decisions taken by inter-branch organisations, may lay down marketing rules to regulate supply, provided that such rules relate to the retention or gradual release of produce .

1. In order to improve the operation of the market in wines with a protected designation of origin or geographical indication, including the grapes, musts and wines from which they derive, producer Member States, particularly by way of implementing decisions taken by inter-branch organisations, may lay down marketing rules to regulate supply, provided that such rules relate to the retention or gradual release of produce.

I have even more concern about and difficulty with proposals to use reserves to intervene in the market for purposes of price-smoothing, when experience shows – and recent experience in the United States in particular shows – that it does not work.