AI Summary of Article 19a EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks
Annex III requirements apply to the provision of, and contribution to, EU Climate Transition Benchmarks (CTBs) and EU Paris-aligned Benchmarks (PABs) in addition to the requirements of Titles II, III and IV. The Commission is empowered to adopt delegated acts under Article 49 to supplement the Regulation by specifying minimum standards, including: (a) criteria for the choice of underlying assets, including any criteria for excluding assets; (b) criteria and method for weighting of underlying assets; and (c) the determination of the decarbonisation trajectory for EU Climate Transition Benchmarks.
Benchmark administrators providing a CTB or a PAB must comply with the Regulation by 30 April 2020. Administrators not included in the register referred to in Article 36 shall not provide or endorse CTBs or PABs, nor indicate or suggest in benchmark names or in legal or marketing documentation that those benchmarks comply with the applicable requirements. Administrators must include the acronym CTB in the name of EU Climate Transition Benchmarks and the acronym PAB in the name of EU Paris-aligned Benchmarks.
Article 19a EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks
1. The requirements laid down in Annex III shall apply to the provision of, and contribution to, EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks, in addition to the requirements of Titles II, III and IV.
2. The Commission is empowered to adopt delegated acts in accordance with Article 49 to supplement this Regulation by laying down the minimum standards for EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks to specify:
(a) the criteria for the choice of the underlying assets, including, where applicable, any criteria for excluding assets;
(b) the criteria and method for the weighting of the underlying assets in the benchmark;
(c) the determination of the decarbonisation trajectory for EU Climate Transition Benchmarks.
3. Benchmark administrators which provide an EU Climate Transition Benchmark or an EU Paris-aligned Benchmark shall comply with this Regulation by 30 April 2020.
4. Administrators that are not included in the register referred to in Article 36 shall not: