[ParlTrack]

Proposal for a regulation
Recital 14 a (new)

(14a) When selecting the projects eligible for EFSI support, specific attention should be given to energy efficiency to ensure that energy efficiency projects are competing on equal terms with projects that are aimed at increasing energy supply or developing new infrastructure; in particular, energy efficiency and demand response projects shall be treated on a level-playing field with energy supply projects in terms of cost-benefit analysis.

2015/03/31
Committee: ENVI

Peter LIESE

Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2

In addition, the EU guarantee shall be granted for support of dedicated investment platforms and national promotional banks, via the EIB, that invest in operations meeting the requirements of this Regulation. In that case, the Steering Board shall specify policies regarding eligible investment platforms. Furthermore, in order to treat energy efficiency as an energy source in its own right, the EU Guarantee shall only be granted for EIB financing and investment operations if a comparison, on the basis of a level playing-field where energy efficiency and demand-side response are competing on equal terms with generation capacity, is carried out whenever it is technically feasible and in accordance with the principles and criteria set out in Annex 1a (new), while having in mind justifiable urgent and exceptional energy security considerations.

2015/03/31
Committee: ENVI

Peter LIESE

Proposal for a regulation
Article 9 – paragraph 1

1. The Commission and the EIB, with support from the Member States, shall promote the creation of a transparent pipeline of current and potential future investment projects in the Union. The pipeline is without prejudice to the final projects selected for support according to Article 3(5) but should indicate whether the proposed projects are eligible for the EU guarantee fund in accordance with the objectives and criteria laid down in Article 5.

2015/03/31
Committee: ENVI

Peter LIESE

Proposal for a regulation
Article 13 – paragraph 1

In accordance with its own transparency policies on access to documents and information, the EIB shall make publicly available on its website information relating to all EIB financing and investment operations and how they contribute to the general objectives and criteria referred to in Article 5(2).

2015/03/31
Committee: ENVI

Peter LIESE

Proposal for a regulation
Annex I a (new)

Annex Ia Principles and criteria to be applied in the use of the EU guarantee for EIB financing and investment operations, when comparing proposed investments in energy efficiency and demand-side response as alternatives to investments to increase generation and transmission capacity Ex ante evaluation of investment projects including energy demand-side efficiency improvement and demand response, where competing projects on energy supply-side measures include generation capacity and/or transmission infrastructure investment, shall use least- cost solutions as selection criteria, ensuring comparability of the projects by using similar calculation methods as set out below. To help ensure comparability, the following principles and criteria shall be adhered to for the use of the EU guarantee for EIB financing and investment operations in such cases where comparison is technically feasible, in addition to the other priorities, principles and criteria set out in Article 5 of this Regulation1, 1. The EU Guarantee may be granted for EIB financing and investment operations where least-cost comparisons between demand-side and supply side options can be made, and when it can be established that the entire life-cycle costs and benefits of eligible investments in energy demand efficiency improvement and demand-side response are represented and can be compared on equal terms with competing investments in energy supply, including generation capacity, with its distribution, and transmission infrastructure. 2. Full life-cycle analysis of costs and benefits of investments in both energy demand-side and energy supply-side projects shall include all measurable and/or estimable economic, environmental and societal impacts, calculated and discounted over time in accordance with established principles such as net present values, and reflect realistic discount rates2 and service lives3. Every effort will be made to ensure comparability. Simple pay-back periods (SPP) will be avoided. Similarly, and to the extent possible, comparable principles and criteria shall be applied for the ex ante evaluation and comparison of prospective resource efficiency use improvement projects with regard to resource supply project investments. _________________________ 1 . Also to note are references in Article 5.4 of this Regulation to European Structural and Investment Funds and .thereby to EU Regulation 1303/2013 and the integrated approach set out in Annex 1 thereof, 2 . The current EIB practice of applying a 5% discount rate to reflect societal costs and benefits should continue and be adapted to changing market rates. 3 . For additional examples and guidance on calculation methodologies see Commission Delegated Regulation (EU) No 244/2012 of 16 January 2012 at http://eur- lex.europa.eu/legal- content/EN/ALL/?uri=CELEX:32012R0244 and Guidance Document at http://eur- lex.europa.eu/legal- content/EN/ALL/?uri=CELEX:52012XC0419(02)

2015/03/31
Committee: ENVI

5 Amendments of Peter LIESE related to 2015/0009(COD)

ParlTrack - 2011-2024