2020/2058(INI) | [ParlTrack]

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 1

1. Underlines that Erasmus+, the European Solidarity Corps and Creative Europe, as the EU’s main education, volunteering and culture programmes, play a key role in fostering education in the skills needed for the green transition, raising awareness of environmental issues, volunteering to protect the environment, and developing creative, inclusive and accessible solutions to tackle environmental challenges; stresses that education represents an essential tool in the global response to climate change helping young people understand the effects of global warming and providing them with the necessary information to tackle climate change and participate at the efforts to reach the EU sustainable development goals;

Amendment 10 #

Draft opinion
Paragraph 1 b (new)

1 b. Through solidarity placements, projects and networking activities in the field of agriculture and rural development, the European Solidarity Corps and Erasmus+ offer a valuable and sustainable opportunity for young people to learn to respect and protect the climate and the environment and exchange best practices;

Amendment 11 #

Draft opinion
Paragraph 1 b (new)

1 b. Underlines the fact that the Green Deal requires a ''cultural wing'' that would foster the transition by utilizing art and culture to manifest its benefits as well as investing in culture and art as sustainable means of growth;

Amendment 12 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 1 c (new)

1 c. Highlights the importance of cultural diversity as necessary for humankind as biodiversity is for nature, whereas recognizes the diversity of cultural expressions as a driving force for financial development and welfare and the importance of a wide cultural ecosystem, with diversity of origins, actors and content for sustainable development;

Amendment 13 #

1 c. Welcomes the European Commission's communication on the Sustainable European Investment plan; calls on the Commission to facilitate sustainable investments in the fields of culture, education, youth and sports;

Amendment 14 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 1 d (new)

1 d. Reiterates the liaison among public spaces as cultural spaces and places of cultural expression and expressiveness as a basic dimension of human dignity and social inclusion without prejudice to gender, origin or any other form of discrimination and thus believes that investment should be fostered in upgrading cultural and traditional routes which can act as elements of protection and heritage management, as well as basis for solid transnational cooperation;

Amendment 15 #

Draft opinion
Paragraph 1 d (new)

1 d. Considers that the investment plan has to be complementarity with other relevant Union policies, programmes and funds, in particular those relating to education and youth, culture and sport, agriculture and rural development, environment and climate;

Amendment 16 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 1 e (new)

1 e. Points out that the investment plan should support research on nature-based solutions, green technologies and other sustainable solutions that can help to protect the environment and the climate; highlightes that especially start-ups, young professionals and young people who already work on innovative green solutions should have access to funding;

Amendment 17 #

Draft opinion
Paragraph 2

2. Points out that under the investment plan, funding can be dedicated to thematic projects in the fields of education, volunteering and culture; calls on the Commission to step up the synergies between the Green Deal and Erasmus+, the European Solidarity Corps and Creative Europe in order to complement and cross- fertilise their specific methods of tackling environmental issues; calls on the European Commission to supervise, help and stimulate Member States in introducing the environmental objectives in these programmes also by introducing additional transition funds in order to achieve a balanced result at EU level;

Amendment 18 #

Andrey SLABAKOV, Ryszard Antoni LEGUTKO

Draft opinion
Paragraph 2

2. Points out that under the investment plan, funding ~~can be dedicated to thematic projects in the fields of education, volunteering and culture~~should be allocated inter alia to thematic projects, at local, regional, national and European level, in the fields of education, volunteering and culture to raise awareness on climate- and environmental-related issues; calls on the Commission to step up the synergies between the Green Deal and Erasmus+, the European Solidarity Corps and Creative Europe in order to complement and cross- fertilise their specific methods of tackling environmental issues;

Amendment 19 #

Draft opinion
Paragraph 2

2. Points out that under the investment plan, funding can be dedicated to thematic projects in the fields of education, volunteering and culture; underlines that such funding must not affect artistic content, but should enhance and encourage it; calls on the Commission to step up the synergies between the Green Deal and Erasmus+, the European Solidarity Corps and Creative Europe in order to complement and cross- fertilise their specific methods of tackling environmental issues;

Amendment 2 #

Laurence FARRENG

Draft opinion
Paragraph 1

1. Underlines that Erasmus+, the European Solidarity Corps and Creative Europe, as the EU’s main education, volunteering and culture programmes, play a key role, in terms of their scope and content, in fostering education in the skills needed for the green transition, raising awareness of environmental issues, volunteering to protect the environment, and developing and disseminating creative, inclusive and accessible solutions to tackle environmental challenges; calls, therefore, for these three programmes to be an integral part of the Green Deal and to be eligible for the funding to be made available in that context;

Amendment 20 #

Draft opinion
Paragraph 2

2. Points out that under the investment plan, funding can be dedicated to thematic projects in the fields of education, volunteering and culture; calls on the Commission to step up the synergies between the Green Deal and Erasmus+, the European Solidarity Corps and Creative Europe in order to complement and cross- fertilise their specific methods of tackling environmental ~~issues~~and cultural issues, since culture is the interface between humans and nature;

Amendment 21 #

Draft opinion
Paragraph 2

Amendment 22 #

Draft opinion
Paragraph 2 a (new)

2 a. Calls on the Commission, along with Member States and regions with education and university competences, to provide a plan to for the ''greening'' Erasmus+, Creative Europe and the European Solidarity Corps, design and provide a financial assistance scheme to those students who cannot afford the costs of Erasmus+, ESC and Creative Europe programmes or the cost of the transport means, as long as they meet the most environmentally friendly standards;

Amendment 23 #

Draft opinion
Paragraph 2 a (new)

2 a. Calls on the Commission to assess and to integrate innovative digital technologies, AI and robotics tools reducing the carbon footprint of Erasmus+, European Solidarity Corps and Creative Europe programmes;

Amendment 24 #

Draft opinion
Paragraph 2 b (new)

2 b. Highlights the fact that Europe's cultural ecosystem is fragile, is characterized by precarious working conditions and uncertainty for the overwhelming majority of cultural workers, thus it is fundamental to ensure that all sustainability and greening measures mainstreamed through the cultural strand of Creative Europe will not negatively impact the underfunded cultural and creative sectors;

Amendment 25 #

Draft opinion
Paragraph 2 c (new)

2 c. Stresses the need to ensure that all measures adopted in the field of the cultural and creative sectors will be undertaken after consulting with all organizations representing the different stakeholders and workers and with the view to maintaining employment and fostering job creation;

Amendment 26 #

Draft opinion
Paragraph 2 d (new)

2 d. Underlines that the transition towards a climate-neutral society requires new skills and competences; notes that funds should be allocated in this regard to the development and implementation of programmes for students and workers to provide for the specialised training, knowledge and skills required to adapt to and thrive in the new socio-economic context;

Amendment 27 #

Draft opinion
Paragraph 2 e (new)

2 e. Strongly supports the need for recognition of the economic dimension of culture through the Green Deal and the creation of funding opportunities through a series of measures such as subsidies, micro-credits, tax or other incentives to enhance the strategic role of cultural and creative sectors in contributing to local identity, creative continuity and job creation;

Amendment 28 #

Draft opinion
Paragraph 2 f (new)

2 f. Expects an ambitious MFF and a Recovery Plan endowed with the financial, and enhanced and new genuine EU own resources system in order to successfully finance the Green Deal;

Amendment 29 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 2 g (new)

2 g. Calls on the Commission to publish a ‘good environmental practice’ guide covering audiovisual and cultural production, dissemination and event organisation, with a particular focus on transport, energy, sport and waste management;

Amendment 3 #

Draft opinion
Paragraph 1

1. Underlines that Erasmus+, the European Solidarity Corps and Creative Europe, as the EU’s main education, volunteering and culture programmes, play a key role in fostering education in the skills needed for the green transition, raising awareness of environmental and climate issues, volunteering to protect the environment and the rural area, and developing creative, inclusive and accessible solutions to tackle environmental challenges; highlights in this regard the importance of agricultural internships supported by Erasmus+;

Amendment 30 #

Draft opinion
Paragraph 2 h (new)

2 h. Underlines the role of Professional Sport as part of sustainable Europe Investment Plan; insists that incentives should be offered to joint projects with sports associations on the subject of the environment and nature preservation;

Amendment 31 #

Draft opinion
Paragraph 2 i (new)

2 i. Urges the Commission to make it possible for participants and beneficiaries of Erasmus+, Creative Europe and ESC to choose the least-polluting means of transport; calls on the Commission to revise the current financial rules so that the additional costs and journey times associated with the use of more environmentally friendly means of transport can be offset; insists that the additional costs be reimbursed in full;

Amendment 32 #

Draft opinion
Paragraph 2 j (new)

2 j. Calls on the Commission to include respect for the environment among the principles set out in the Erasmus+, the European Solidarity Corps and Creative Europe;

Amendment 33 #

Draft opinion
Paragraph 2 k (new)

2 k. Emphasises that the three programmes – Erasmus+, the European Solidarity Corps and Creative Europe – should be a means of highlighting good practices, as examples to be followed, while the way they operate must evolve in keeping with the Green Deal; integrating a sustainability dimension into these programmes is a precondition for the Green Deal to succeed;

Amendment 34 #

Laurence FARRENG

Draft opinion
Paragraph 3

3. Calls on the Commission to introduce mainly financial incentives in the investment plan to complement the Erasmus+, European Solidarity Corps and Creative Europe programmes in the shift towards more environmentally friendly, sustainable means of transport, while also promoting inclusion and accessibility, without stigmatising, penalising or excluding participants who have no other choice than to travel by air; takes the view that such incentives should be supported with an ambitious and dedicated budget within the investment plan and that the Erasmus+ budget should be tripled; calls on the Commission – in the light of its European Year of Rail in 2021 – to enter into partnerships with European rail and bus companies so that participants are eligible for discounted fares;

Amendment 35 #

Andrey SLABAKOV

Draft opinion
Paragraph 3

3. Calls on the Commission to introduce, where appropriate, financial incentives in the investment plan to complement the Erasmus+, European Solidarity Corps and Creative Europe programmes in the shift towards more environmentally friendly, sustainable means of transport, while also promoting inclusion and accessibility; takes the view that such incentives should be supported, if necessary, with an ambitious and dedicated budget within the investment plan; stresses that no discriminative methods should be used to encourage people to use means of transport emitting lower CO2, for example for choosing to take a train instead of a plane because it threatens the fundamental principles of culture and education;

Amendment 36 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 3

3. Calls on the Commission to introduce financial incentives in the investment plan to complement the Erasmus+, and European Solidarity Corps ~~and~~programmes in order to allow more people to take advantage of them, and to support the Creative Europe programmes in t~~he shift towards more environmentally friendly, sustainable means of transport, while also~~erms of project design, so that geographical distance and transport costs do not discourage people from participating in these European programmes and so that these programmes promot~~ing~~e inclusion and accessibility; takes the view that such incentives should be supported with an ambitious and dedicated budget within the investment plan;

Amendment 37 #

Draft opinion
Paragraph 3

3. Calls on the Commission to introduce financial incentives in the investment plan to complement the Erasmus+, European Solidarity Corps and Creative Europe programmes in the shift towards more environmentally friendly, sustainable means of transport, in particular railways, while also promoting inclusion and accessibility; takes the view that participants for whom air travel is the only option, shall not be discriminated or excluded from the programmes; such incentives should be supported with an ambitious and dedicated budget within the investment plan;

Amendment 38 #

Draft opinion
Paragraph 3

3. Calls on the Commission to introduce financial incentives in the investment plan to complement the Erasmus+, European Solidarity Corps and Creative Europe programmes in the shift towards more environmentally friendly, sustainable means of transport, while also promoting inclusion and accessibility; takes the view that such incentives should be supported with an ambitious ~~and~~, dedicated and costed budget within the investment plan;

Amendment 39 #

Draft opinion
Paragraph 3

3. Calls on the Commission to introduce financial incentives in the investment plan to complement the Erasmus+, European Solidarity Corps and Creative Europe programmes in the shift towards more environmentally friendly, sustainable means of transport, while also promoting inclusion and accessibility; takes the view that such incentives should be supported with an ambitious, accurate and dedicated budget within the investment plan;

Amendment 4 #

Draft opinion
Paragraph 1

1. Underlines that Erasmus+, the European Solidarity Corps and Creative Europe, as the EU’s main education, volunteering and culture programmes, play a ~~key~~ role in fostering education in the skills needed for the green transition, raising awareness of environmental issues, volunteering to protect the environment, and developing c~~reative, inclus~~ommon-sense (short supply chains, local market support), creative and accessible solutions to tackle environmental challenges, although this is not their primary objective;

Amendment 40 #

Draft opinion
Paragraph 3 a (new)

3 a. Calls on the Commission to show greater transparency in relation to these "financial incentives in the investment plan to complement [...] the shift towards more environmentally friendly, sustainable means of transport", in order to more easily control the allotted budget and its effectiveness (specific outcomes), thus allowing the existence of the budget or the amount thereof to be challenged if necessary;

Amendment 41 #

Draft opinion
Paragraph 3 a (new)

3 a. Notes that the transition to an economy with net-zero emissions will have an increased impact on vulnerable and marginalised groups and individuals; emphasizes the importance of education in minimizing social differences and inequalities and in providing opportunities for students from disadvantaged backgrounds; calls on the Commission to ensure dedicated funding in this regard;

Amendment 42 #

Draft opinion
Paragraph 3 b (new)

3 b. Underlines that improved energy efficiency of buildings will be one of the key enablers of the transition towards a carbon-neutral economy; emphasizes that increased investments are necessary for the renovation of energy-intensive buildings of schools, universities and of other educational and cultural institutions in order to improve their energy performance thus making them more sustainable and climate friendly;

Amendment 43 #

Draft opinion
Paragraph 3 c (new)

3 c. Reiterates the liaison between sustainable tourism and the restoration, preservation and promotion of cultural heritage both tangible and intangible, natural, man-made or mixed and the potential that this would untap for rural areas and local economies of Member States;

Amendment 44 #

Laurence FARRENG

Draft opinion
Paragraph 4

4. Is concerned about the situation resulting from the COVID-19 crisis, especially that of the most vulnerable individuals and sectors and that of minorities, who face an even more precarious situation than before the crisis; calls on the Commission to take all necessary measures to adapt the proposal for the Green Deal investment plan to develop an approach coordinated with emergency measures, such as the Coronavirus Response Investment Initiative and the proposed SURE scheme, and recovery instruments, and requests thatrequests that European and national investment in the fields of culture, education, youth and sport be considered strategic in order to foster the green transition promoted through the Green Deal.

Amendment 45 #

Draft opinion
Paragraph 4

4. Is concerned about the situation resulting from the COVID-19 crisis, especially th~~at of~~e impact it had on the most vulnerable individuals and sectors and ~~that of~~on minorities, who face an even more precarious situation than before the crisis; stresses the need for particular actions and measures designed to address the access of vulnerable groups to the EU programmes; specific measure through the EU programmes should be considered for the regions mostly affected by the Green transition; calls on the Commission to take all necessary measures to adapt the proposal for the Green Deal investment plan to develop an approach coordinated with emergency measures, such as the Coronavirus Response Investment Initiative and the proposed SURE scheme, and recovery instruments, and requests that investment in the fields of culture, education, youth and sport be considered strategic in order to foster the green transition promoted through the Green Deal. ;

Amendment 46 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 4

4. Is concerned about the situation resulting from the COVID-19 crisis, especially that of the most vulnerable individuals and sectors ~~and that of minorities, who face an even more precarious situation than before the crisis~~, such as the self- employed and entrepreneurs whose businesses and jobs are under threat or families facing the ills of unemployment; calls on the Commission to take all necessary measures to adapt the proposal for the Green Deal investment plan to develop an approach coordinated with emergency measures, such as the Coronavirus Response Investment Initiative and the proposed SURE scheme, and recovery instruments, and requests that investment in the fields of culture, education, youth and sport be considered strategic in order to foster the green transition promoted through the Green Deal.

Amendment 47 #

Draft opinion
Paragraph 4

4. Is concerned about the situation resulting from the COVID-19 crisis, especially that of the most vulnerable individuals and sectors and that of minorities, who face an even more precarious situation than before the crisis; calls on the Commission to take all necessary measures to adapt the proposal for the Green Deal investment plan to develop an approach coordinated with emergency measures, such as the Coronavirus Response Investment Initiative and ~~the proposed SURE scheme, and recovery instruments, and~~recovery instruments; notes, that any measures must not overlap or lead to duplicity; requests that investment in the fields of culture, education, youth and sport be considered strategic in order to foster the green transition promoted through the Green Deal.

Amendment 48 #

Andrey SLABAKOV, Ryszard Antoni LEGUTKO

Draft opinion
Paragraph 4

4. Is concerned about the situation resulting from the COVID-19 crisis, especially that of the most vulnerable individuals and sectors ~~and that of minorities,~~ who face an even more precarious situation than before the crisis; calls on the Commission to take all necessary measures to revise and adapt the proposal for the Green Deal investment plan to the new sanitary emergency caused by COVID-19, in order to develop an approach coordinated with emergency measures, such as the Coronavirus Response Investment Initiative and the proposed SURE scheme, and recovery instruments, and requests that investment in the fields of culture, education, youth and sport be considered strategic ~~in order to foster the green transition promoted through the Green Deal~~.

Amendment 49 #

Draft opinion
Paragraph 4

4. Is concerned about the situation resulting from the COVID-19 crisis, especially that of the most vulnerable individuals and sectors ~~and that of minorities, who~~which face an even more precarious situation than before the crisis; calls on the Commission to take all necessary measures to adapt the proposal for the Green Deal investment plan to develop an approach coordinated with emergency measures, such as the Coronavirus Response Investment Initiative and the proposed SURE scheme, and recovery instruments, and requests that investment in the fields of culture, education, youth and sport be considered strategic in order to foster the green transition promoted through the Green Deal.

Amendment 5 #

Draft opinion
Paragraph 1

Amendment 50 #

Draft opinion
Paragraph 4

Amendment 51 #

Draft opinion
Paragraph 4 a (new)

4 a. Notes the tremendous impact that the COVID-19 had on the cultural and creative sectors; urges the Commission to offer financial aid to the cultural and creative sectors and the whole cultural ecosystem, including through the Corona Response Investment Initiative and construct supportive measures that would alleviate the impact; urges the Commission to propose the increase the budget of the Create Europe Programme 2021-2027 in order to alleviate the effects of the crisis in the long-term; stresses the need to include the cultural and creative sectors as priority sectors in the Recovery Fund as well as boosting the EU's investment tools, such as Invest EU, to open eligibility for the CCS; highlights the urgent need to ensure the availability of EU funds, specifically structural funds for the CCS as well as new support measures for creators, creative workers and freelancers in the EU;

Amendment 52 #

Draft opinion
Paragraph 4 a (new)

4 a. Calls on the European Commission to develop specific actions related to the Green Deal enabling equal access to EU programmes in culture, education, sports and youth to individuals belonging to vulnerable groups;

Amendment 53 #

Draft opinion
Paragraph 4 b (new)

4 b. Call on the Commission to push for stronger EU cooperation in the field of environment and climate change education;

Amendment 54 #

Draft opinion
Paragraph 4 c (new)

4 c. Underlines the important contribution of specific area studies and programmes in the field;

Amendment 55 #

Draft opinion
Paragraph 4 d (new)

4 d. Reiterates the positive influence of early education on climate change and environment;

Amendment 56 #

Draft opinion
Paragraph 4 e (new)

4 e. Calls on the creation of specific Erasmus+ projects focused on environmental education and the importance of involving youth stakeholders in the process;

Amendment 6 #

Andrey SLABAKOV, Ryszard Antoni LEGUTKO

Draft opinion
Paragraph 1

1. Underlines that Erasmus+, the European Solidarity Corps and Creative Europe, as the EU’s main education, volunteering and culture programmes, play a key role in fostering education in the skills needed ~~for~~to access the labour market and to cultivate the values of the green transition, raising awareness of environmental issues, volunteering to protect the environment, and developing creative, inclusive and accessible solutions to tackle environmental challenges;

Amendment 7 #

Draft opinion
Paragraph 1

1. Underlines that Erasmus+, the European Solidarity Corps and Creative Europe, as the EU’s main education, volunteering and culture programmes, can, in addition to their main purpose, play a ~~key~~ role in fostering education in the skills needed for the green transition, raising awareness of environmental issues, volunteering to protect the environment, and developing creative, inclusive and accessible solutions to tackle environmental challenges;

Amendment 8 #

Alexander BERNHUBER, Tomasz FRANKOWSKI, Peter POLLÁK, Andrea BOCSKOR, Michaela ŠOJDROVÁ

Draft opinion
Paragraph 1 a (new)

1 a. Highlights in regard to Erasmus+ that agricultural internships raise awareness on challenges related to the environment and climate change; notes, that agricultural internships ensure, that young people work with nature, act environmentally friendly, learn about the high standards and values of European food production and furthermore, learn to preserve and respect biodiversity;

Amendment 9 #

Draft opinion
Paragraph 1 a (new)

1 a. Calls on the Commission to introduce Environmental Protection and Environmental Education as the one of the key principles of the ESC programme;

source: 652.450

2020/06/09 ENVI 181 amendments...

Amendment 1 #

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just ~~and well-managed~~ transition towards a resilient and sustainable society; emphasises that ~~it is imperative that the EU achieve the revised 2030 an~~both public and private sustainable financing will play a key role for the Union and Member States to achieve the ambition set out in the European Green Deal and in particular the increased 20530 climate and ~~biodiversity goals and reach its commitments under the Paris Agreement~~energy targets and the climate-neutrality objective, as well as their commitments under the Paris Agreement, the UN Convention on Biological Diversity and the UN SDGs, based on the best available science;

Amendment 10 #

Draft opinion
Paragraph 1

1. ~~Welcom~~Notes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises, however, that it is imperative that the EU ~~achieve the revised 2030 and 2050 climate and biodiversity goals and reach its commitment~~implement anti-cyclical policies to counteract the seriously deflationary cycle that has been sparked by the COVID-19 pandemic and, therefore, adjust the 2030 climate goals downwards uand~~er the Paris Agreement, based on the best available science~~ postpone the 2050 goals to a date to be decided;

Amendment 100 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Edina TÓTH

Draft opinion
Paragraph 5

5. ~~Emphasises the European Parliament’s demand~~Calls on the Commission to ensure that at least 40 50% of investments under the InvestEU programme should contribute to climate, environmental and social objectives; believes that the green finance gap is surmountable;

Amendment 101 #

Draft opinion
Paragraph 5

5. ~~Emphasis~~Reiterates the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate objectives; believes that the green finance gap is surmountable;

Amendment 102 #

Maria SPYRAKI

Draft opinion
Paragraph 5 a (new)

5a. Stresses the important role of the European Investment Bank in the implementation of the Sustainable Europe Investment Plan and underlines its commitment to align all its financing activities with the principles and the goals of the Paris Agreement by the end of 2020; takes note of its ambition to transform into a Climate Bank and gradually increase the share of its financing dedicated to climate action and environmental sustainability to reach 50% of its operations by 2025.

Amendment 103 #

Draft opinion
Paragraph 5 a (new)

5a. Emphasises the key role of improved energy efficiency of buildings in enabling the transition towards a carbon- neutral society; underlines that a significant amount of investments is necessary for the renovation of energy- intensive buildings in order to increase their energy performance and thus minimise their climate and environmental footprint; stresses in this regard that SEIP should mobilise the investments necessary for a massive renovation wave;

Amendment 104 #

Draft opinion
Paragraph 5 b (new)

5b. Stresses that support for investments in infrastructure should be ruled out for projects that are very likely to result in carbon lock-in;

Amendment 105 #

Draft opinion
Paragraph 5 c (new)

5c. Welcomes the proposed increase in the Just Transition Fund; emphasises that, under SEIP, the Just Transition Mechanism will lead the Union’s efforts in substantiating the economic and social opportunities of the transition to climate neutrality on energy-intensive regions and sectors of the EU;

Amendment 106 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Edina TÓTH

Draft opinion
Paragraph 6

~~6. fordert die Kommission auf, dafür zu sorgen, dass die künftigen, von der EU besicherten Aufbauanleihen im Einklang mit dem EU-Standard für grüne Anleihen begeben werden;~~deleted

Amendment 107 #

Draft opinion
Paragraph 6

~~6. Calls on the Commission to ensure that any future EU backed recovery bonds are issued in accordance with the EU Green Bond Standard;~~deleted

Amendment 108 #

Draft opinion
Paragraph 6

6. Calls on the Commission to ensure that the proceeds of any future ~~EU backed~~issues of recovery bonds ~~are issued in accordance with the EU Gr~~backed by the EU budget are allocated, without macro-economic conditions, to the Member States whose economies have been most badly damaged by the COVID-19 pandemic, provided that Member States which are net contributors to the EU budget do not have a negative balance between Bcon~~d Standard;~~ tributing and receiving;

Amendment 109 #

Draft opinion
Paragraph 6

6. Calls on the Commission to ensure that any future EU backed recovery bonds are issued in accordance with the EU Green Bond Standard; and emphasises the key role the private sector will have in financing the green transition 1a _________________ 1aEuropean Commission (2020), Usability guide for the EU green bond standard, Page 3, Retrieved from: https://ec.europa.eu/info/files/200309- sustainable-finance-teg-green-bond- standard-usability-guide_en (26.05.20)

Amendment 11 #

Michal WIEZIK

Draft opinion
Paragraph 1

Amendment 110 #

Draft opinion
Paragraph 6

6. Calls on the Commission to ensure that any future EU backed recovery bonds are issued in accordance with the EU Green Bond Standard, the EU Taxonomy and the do no significant harm principle;

Amendment 111 #

Draft opinion
Paragraph 6 b (new)

6b. Calls on the Commission to conduct by the end of 2024 an assessment to evaluate climate and environmental expenditure made under the Next Generation EU and the Union’s MFF to identify potential green financing gaps, and propose accordingly an amended MFF to ensure available resources for the Union’s climate and environmental action, in line with the increased ambition in the Union’s climate, energy and environmental targets;

Amendment 112 #

Draft opinion
Paragraph 6 b (new)

6b. Suggests that increased monitoring, reporting and evaluation of climate- and environment-related expenditure is necessary to ensure that the EU is on track to meet its commitments; calls for improvements at all stages of the EU budgetary cycle to identify the progress on climate mainstreaming;

Amendment 113 #

Draft opinion
Paragraph 6 c (new)

6c. Invites the European Court of Auditors to regularly audit the implementation of the target for climate spending under the next MFF period as set out by the Commission;

Amendment 114 #

Draft opinion
Paragraph 7

~~7. Urges the Commission to come forward with an EU taxonomy for the public sector and a green public procurement regulation;~~deleted

Amendment 115 #

Draft opinion
Paragraph 7

~~7. Urges the Commission to come forward with an EU taxonomy for the public sector and a green public procurement regulation;~~deleted

Amendment 116 #

Draft opinion
Paragraph 7

7. Urges the Commission to come forward with an EU taxonomy for the public sector and a green public procurement regulation; Calls therefore on the Commission to disclose which part of the Union’s expenditure is compliant with the taxonomy categories as set out in the Regulation (EU)2020/[Taxonomy Regulation] and to adopt an updated tracking methodology to monitor and report trends regarding capital flows towards sustainable investment as per the taxonomy regulation (EU) 2020 /… [Taxonomy Regulation] of the European Parliament and of the Council

Amendment 117 #

Draft opinion
Paragraph 7

7. Urges the Commission to cuse the EU Sustainable taxonomey for~~ward with an EU taxonomy~~ tracking climate and environment spending in all EU public funding including the new MFF, InvestEU, and Next Generation EU for the public sector and a green and sustainable public procurement regulation; , in order to strengthen the climate and environmental tracking system for better monitoring progress; stresses that criteria for public procurement not only has to address environmental sustainability but also human and social rights;

Amendment 118 #

Draft opinion
Paragraph 7

7. Urges the Commission to come forward with an EU taxonomy for the public sector and a green public procurement regulation, and develop integrated corporate reporting and accounting standards to integrate sustainability indicators and the EU Taxonomy, and an appropriate verification and auditing mechanism;

Amendment 119 #

Draft opinion
Paragraph 7

7. Urges the Commission to cuse the EU taxonomey for~~ward with an EU taxonomy for the public sector and~~ tracking climate and environment spending in all EU public funding instruments and for the public sector; calls also on the Commission to come forward with a green public procurement regulation;

Amendment 12 #

Maria SPYRAKI

Draft opinion
Paragraph 1

Amendment 120 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Edina TÓTH

Draft opinion
Paragraph 7

7. Urges the Commission to come forward with an proposal to extend the use of the EU taxonomy ~~for~~to the public sector and alegally binding green public procurement ~~regulation~~criteria for Member States to minimise their environmental footprint;

Amendment 121 #

Draft opinion
Paragraph 7

7. ~~Urg~~Notes the ~~Commission to come forward with an EU taxonomy for the public sector and a gre~~possibilities to take environmental aspects into consideration under current public procurement ~~regulation~~directive and other sectoral legislation, such as the Clean Vehicles Directive;

Amendment 122 #

Draft opinion
Paragraph 7

7. ~~Urges~~Calls on the Commission to ~~come forward with an EU taxonomy for the public sector and a~~further promote green public procurement ~~regulation~~;

Amendment 123 #

Draft opinion
Paragraph 7

7. Urges the Commission to come forward with ~~an EU taxonomy for the public sector and a gree~~legislative proposals to streamline and simplify EU legislation on public procurement ~~regulation~~;

Amendment 124 #

Draft opinion
Paragraph 7 a (new)

7a. Calls on the Commission to come up by 2025 with a legislative proposal prohibiting banks, insurance companies and private investors (e.g. investment management corporation and assets managers) operating in the EU to invest in or finance activities or sectors that do significant harm to people or planet as defined by article 2 (17) of the Regulation(EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability- related disclosures in the financial services sector;

Amendment 125 #

Draft opinion
Paragraph 7 a (new)

7a. Calls for the Commission and Member States to introduce a Pan- European Tax Transparency Register where it can be verified whether companies have paid their tax and social security liabilities in EU Member States and whether or not they have taken part in aggressive tax planning. Companies not fulfilling these requirements should not be eligible for any EU or Member State funding, nor receive recovery finance or participate in public procurement tenders in the EU area.

Amendment 126 #

Draft opinion
Paragraph 7 a (new)

7a. Calls on the Commission to use the Taxonomy to direct and track climate and environment spending in all EU public funding including the next MFF, Next GenerationEU including the Solvency support instrument, InvestEU and the EU recovery and resilience facility fund and EIB funds, in order to enhance the climate and environmental tracking system for better monitoring progress;

Amendment 127 #

Draft opinion
Paragraph 7 a (new)

7a. Calls on the Commission to guarantee the accessibility, effectiveness and consistency of the different instruments available to finance the green transition;

Amendment 128 #

Draft opinion
Paragraph 7 b (new)

7b. Calls on the Commission to expand the mandatory transparency requirements under Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosures in the financial services sector; to all financial market participants and a wider range of financial products;

Amendment 129 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise 8. State aid rules to allow public support for the European Green Deal and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights; stresses that state aids should come up with conditionality and respect the do-not- significant harm principle; stresses that, as major contributor to the resources of the Green Deal, particular attention must be paid to Member States and the sustainable investment criteria they need to follow; stresses that these criteria should be based on the EU Sustainable Taxonomy;

Amendment 13 #

Edina TÓTH, András GYÜRK

Draft opinion
Paragraph 1

Amendment 130 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules to ~~allow public support for~~require companies that receive support in high-carbon sectors to set and publish a climate science-based target and time-bound net-zero transition plan in order to align with the European Green Deal, and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights; notes that any revision of the state aid rules should be carefully designed so as to prevent distortions of competition in the internal market, thus ensuring a level- playing field among Member States;

Amendment 131 #

Draft opinion
Paragraph 8

8. ~~Calls on~~Urges the Commission to revise State aid rules ~~to allow public support for the European Green Deal and to~~, including the Temporary Framework introduced as a response to the Covid-19 crisis, to ensure support is consistent with the Union climate and environmental objectives, in particular the objective of limiting the global temperature increase to 1.5°C above pre- industrial levels; calls for a substantial reform of the European Semester to ~~deepen the inclusion of~~place sustainability and the wellbeing of all within planetary boundaries at the centre, and to deliver on the Paris Agreement, the Sustainable Development Goals and the European Pillar of Social Rights;

Amendment 132 #

Margarita DE LA PISA CARRIÓN, Hermann TERTSCH

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules to ~~allow public support for~~set common minimum standards in order to specify the requirement for companies receiving financial assistance to be in line with climate neutrality and to require large companies in high emitting sectors asking for support to set and publish a transition plan to align their operations with the Paris Agreement and the European Green Deal an, stresses the need to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights;

Amendment 133 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules to allow public support for the European Green Deal ~~and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights~~;

Amendment 134 #

Draft opinion
Paragraph 8

8. Calls on the Commission to re~~vise State aid rules to allow public support for the European Green Deal and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals~~consider the whole of the European Green Deal and, accordingly, to refrain from revising State anid ~~the European Pillar of Social Right~~rules;

Amendment 135 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aAid rules to allow greater public support for the European Green Deal while ensuring that competition and the optimum functioning of the Single Market are not jeopardised and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights;

Amendment 136 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules to allow public support for the European Green Deal including support for the EU Farm to Fork Strategy and Biodiversity Strategy for 2030, and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights;

Amendment 137 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules to allow public support for the European Green Deal and to ~~reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights~~put an end to the European Semester;

Amendment 138 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules to allow public support for the European Green Deal and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals, the agreements on biodiversity and climate and the European Pillar of Social Rights;

Amendment 139 #

Draft opinion
Paragraph 8

8. Calls on the Commission to revise State aid rules ~~to allow public support for the European Green Deal~~and competition rules to facilitate investment in the green transition and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights;

Amendment 14 #

Draft opinion
Paragraph 1

1. ~~Welcomes~~Takes note of the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the ~~EU achieve the revised 2030 and 2050 climate and biodiversity goals and reach its commitments under the Paris Agreement~~goals currently set at EU level for 2030 and 2050, purportedly to protect the climate, be examined and, where necessary, adapted in the interests of a rational environmental policy, based on the best available science;

Amendment 140 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Edina TÓTH, Maria SPYRAKI, Lídia PEREIRA

Draft opinion
Paragraph 8

8. ~~Calls on~~Notes the intention of the Commission to revise State aid rules to allow public support for the European Green Deal ~~and to reform the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights~~; calls on the Commission to ensure the integrity of the internal market and a level playing field in any future revision;

Amendment 141 #

Draft opinion
Paragraph 8 a (new)

8a. Calls on the Commission to ask beneficiaries of its financial instruments in high emitting sectors, including projects supported by the European Investment Bank, to carry out a climate adaptation stress test, points out that if the beneficiary fails the climate adaptation stress test, they shall not be eligible to the Union’s financial instrument; stresses that the European Commission should provide guidance to beneficiaries, based on the EU Strategy on adaptation to climate change and the European Environment Agency’s data on how to align an investment project with climate adaptation requirements; stresses the need for such guidance to use appropriately the criteria established by [Regulation on establishment of a framework to facilitate sustainable investment]

Amendment 142 #

Draft opinion
Paragraph 8 a (new)

8a. Calls for support to companies to be made conditional on the publication of climate science-based target and time- bound net-zero emission sectoral transition roadmaps (in particular for high-carbon sectors); calls on the Commission to provide guidelines clarifying how the EU Sustainable Taxonomy can support these targets;

Amendment 143 #

Jessica POLFJÄRD, Pernille WEISS, Edina TÓTH, Maria SPYRAKI, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 8 a (new)

8a. Notes the proposals on reforming the European Semester to deepen the inclusion of the Sustainable Development Goals and the European Pillar of Social Rights; recognises that the focus of the European Semester should be sound fiscal policies and structural reforms for competitiveness;

Amendment 144 #

Draft opinion
Paragraph 8 a (new)

8a. Calls on the Commission to revise the Non-Financial Reporting Directive to ensure all relevant companies, operating in carbon-intensive sectors, report and publish their carbon emission reduction targets in order to align with the Paris Agreement

Amendment 145 #

Draft opinion
Paragraph 8 a (new)

8a. Stresses that environmental considerations and risks can be incorporated in the Member States’ annual budgets and mid-term plans through the benchmarking of their green budgeting practices;

Amendment 146 #

8b. Calls on the Commission when approving a State Aid request by a Member State, in accordance with Article 108 TFEU, to include provisions in its decision that beneficiaries are to demonstrate the alignment of their business model and activities with the objectives set out in Article 2 of the Regulation (EU) 2018/1999 (European Climate Law)

Amendment 147 #

Margarita DE LA PISA CARRIÓN, Hermann TERTSCH

Draft opinion
Paragraph 9

~~9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.~~deleted

Amendment 148 #

Draft opinion
Paragraph 9

~~9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.~~deleted

Amendment 149 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Edina TÓTH, Esther DE LANGE

Draft opinion
Paragraph 9

~~9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.~~deleted

Amendment 15 #

Catherine CHABAUD, Martin HOJSÍK

Draft opinion
Paragraph 1 a (new)

1a. Recalls that the management, preservation, adaptation and restoration of marine and coastal ecosystems and biodiversity are essential to tackle climate change and reach climate neutrality, and that important investments are needed in this area. Underlines that a sustainable Blue economy, such as sustainable fisheries, marine renewable energy, clean maritime transport, and sustainable tourism, have an important role to play in the transition towards a more resilient society and territories. Calls, therefore on the EU to take due account to this strategic sector, in its Sustainable Europe Investment Plan;

Amendment 150 #

Ulrike MÜLLER, Nils TORVALDS

Draft opinion
Paragraph 9

~~9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.~~deleted

Amendment 151 #

Draft opinion
Paragraph 9

~~9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.~~deleted

Amendment 152 #

Draft opinion
Paragraph 9

9. Calls ~~for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the St~~on the Commission to extend the European Semester process by complementing the current approach, based on fiscal and budgetary discipline, with climate and environmental discipline, without watering down European Semester; calls therefore on the European Commission to develop a new climate indicator, mirroring the economic indicators, to assess the discrepancy between the structure of Member States budget and progress towards Paris- aligned scenario for each of their national budget; stresses the need for this indicator to provide Member States with an indication on their trajectory of temperature under the framework of the Paris Agreement, thus enabili~~ty and Growth Pact.~~ng the European Semester to provide recommendations about the decrease of their climate debt;

Amendment 153 #

Draft opinion
Paragraph 9

9. CStresses the need to bring down barriers to public investment in favour of the transition to a net-zero economy; recalls its support for a qualified treatment for taxonomy- compliant public investments; calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.

Amendment 154 #

Draft opinion
Paragraph 9

9. Calls for any investments that are necessary for climate mitigation, adaptation, including nature-based solutions, and the just transition to be exempted from the Stability and Growth Pact.

Amendment 155 #

Draft opinion
Paragraph 9

9. Calls for anyll public investments that are necessary for ~~climate mitigation, adaptation and the just transition~~economic recovery post- COVID-19, including investments for the implementation of environmental and climate policies, to be exempted from the Stability and Growth Pact.

Amendment 156 #

Draft opinion
Paragraph 9

9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact.;

Amendment 157 #

Draft opinion
Paragraph 9

9. Calls for any investments that are necessary for climate mitigation, adaptation and the just transition to be exempted from the Stability and Growth Pact. for a period of 10 years;

Amendment 158 #

Draft opinion
Paragraph 9

9. Calls for ~~any~~the investments that are necessary for climate mitigation, adaptation and the just transition to be made and to be exempted from the Stability and Growth Pact.

Amendment 159 #

Alexander BERNHUBER

Draft opinion
Paragraph 9 a (new)

9a. claims the creation of a special dedicated funding for supporting the integration of renewable energy projects as well as use of renewable construction material (e.g. wood construction, renewable insulation materials). This fund has to be filled up from fossil energy use. For every kWh of fossil energy that is brought onto the European market, the provision of an equivalent quantity (1kWh) of renewable energy must be proven. This can be done through payments on account into that fund for supporting the transformation to bioeconomy.

Amendment 16 #

Draft opinion
Paragraph 1 a (new)

1a. Call on the Commission to ensure that all Territorial Transition Plans exclude any investments that does not qualify as sustainable according to the EU sustainable taxonomy and the do-no- significant-harm principle, and to set concrete milestones and timelines for achieving climate neutrality by 2050 at the latest;

Amendment 160 #

Draft opinion
Paragraph 9 a (new)

9a. Calls on the Commission to substantially increase funding for technical assistance in the European Investment Advisory Hub (EIAH) and in other relevant funds, to ensure that technical assistance reaches 1% of the total amount to be spent; calls on the Commission to focus technical assistance on projects and sectors with the highest environmental, social, resilience added value, in particular nature-based solutions that can deliver climate mitigation, climate adaptation and biodiversity benefits altogether.

Amendment 161 #

Draft opinion
Paragraph 9 a (new)

9a. Considers that the future renewed EU sustainable finance strategy is a major opportunity to accelerate the transition towards more sustainable retail investment; calls therefore on the Commission to propose the necessary legislative measures to incentivize citizens to invest in sustainable finance, based on the criteria established by[Regulation on establishment of a framework to facilitate sustainable investment]

Amendment 162 #

9a. Calls on the Commission to present without delay a comprehensive set of legislative measures to substantially reduce the global ecological footprint of the private sector, including but not limited to the mandatory disclosure of climate and other environmental information by companies though an ambitious reform of the Non-Financial Reporting Directive;

Amendment 163 #

Draft opinion
Paragraph 9 a (new)

9a. Call for a strengthened role for the European Investment Bank and the European Investment Fund in financing the transition; stresses that particular attention should be given to the criteria for climate, environmental and social proofing governing sustainable investment by the EIB and the EIF based on the do-not-significant-harm principle;

Amendment 164 #

Draft opinion
Paragraph 9 a (new)

9a. Opposes the introduction of new EU own resources, which will lead, in the final analysis, to greater fiscal pressure on citizens and enterprises and reduced democratic control over economic and fiscal policies;

Amendment 165 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 9 a (new)

9a. Urges the Commission to engage with the private sector investors, with appropriate incentives where necessary, to maximise their investments in the green transition.

Amendment 166 #

Draft opinion
Paragraph 9 a (new)

9a. Underlines the importance of increased economic growth in facilitating the necessary investments for transitioning the economy;

Amendment 167 #

Draft opinion
Paragraph 9 b (new)

9b. Considers that the ECB has in its mandate the promote of sustainability; therefore calls on the ECB to press ahead with its monetary policy strategy review in order to halt as soon as possible the financing of economic activities causing significant harm to environmental or social objectives; calls on the ECB to proceed with annual climate stress tests on financial institutions it supervises; calls on the ECB to evaluate how to include sustainability criteria in its collateral framework, its asset purchases and its targeted refinancing operations, while assessing ways to guide lending towards energy transition investments, to rebuild a sustainable economy in the aftermath of COVID-19; calls on the ECB to employ the EU Taxonomy for these actions where relevant;

Amendment 168 #

Draft opinion
Paragraph 9 b (new)

9b. Demands the replacement of the EU’s Emissions Trading System with a carbon border adjustment mechanism that is compliant with the World Trade Organization’s standards and is based on the carbon footprint of imported goods, taking into account direct emissions, emissions from electricity generation and emissions from the use of raw materials; calls on the Commission and the Member States to support this trade measure with appropriate incentives for the re- importation of products that have been delocalised and produced in third countries;

Amendment 169 #

Draft opinion
Paragraph 9 b (new)

9b. Welcomes the new energy lending policy of the EIB and calls on the institution to develop as part of its “Climate Bank Roadmap 2021-2025” a clear and transparent methodology using the Taxonomy to ensure that all the projects financed will be aligned with the temperature goals of the Paris Agreement, consistent with the transition towards a climate neutral economy and “do no significant harm” to biodiversity and ecosystems.

Amendment 17 #

Draft opinion
Paragraph 1 a (new)

1a. Welcomes the European Commission’s Recovery Plan putting the European Green Deal at the centre of a European Green Recovery; stresses the importance that the national recovery and resilience plans act as accelerators of Member States transition towards a circular and climate neutral economy;

Amendment 170 #

Draft opinion
Paragraph 9 b (new)

9b. Urges the ECB to press ahead with its monetary policy strategy review in order to halt as soon as possible the financing of economic activities causing significant harm to environmental or social objectives; calls on the ECB to proceed with annual climate stress tests on financial institutions it supervises; calls on the ECB to employ the EU Taxonomy for these actions where relevant, as it has committed to doing;

Amendment 171 #

Draft opinion
Paragraph 9 b (new)

9b. Welcomes the European Investment Bank’s (EIB) efforts to revise its energy lending policy and to spend 50% of its operations on climate action and environmental sustainability; expects the remaining 50% of its portfolio to respect the Do no Harm principle

Amendment 172 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Edina TÓTH, Maria SPYRAKI, Radan KANEV, Lídia PEREIRA

Draft opinion
Paragraph 9 b (new)

9b. Calls on the Commission to facilitate exchange of best practices between Member States regarding the role of public investment in achieving the Green Deal;

Amendment 173 #

Draft opinion
Paragraph 9 c (new)

9c. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to proceed swiftly with annual climate stress tests on financial institutions they supervise, as currently discussed notably in the Central Banks and Regulators Network for Greening the Financial System(NGFS), in order to understand where and how far climate-related financial risks sit in portfolios of relevant EU financial institutions;

Amendment 174 #

Draft opinion
Paragraph 9 c (new)

9c. Considers that the ECB has the fight against climate change and the promotion of sustainability in its mandate; therefore calls on the ECB to undertake its monetary policy strategy review to align its collateral framework with the Paris agreement and to disclose annually its level of alignment with the Paris agreement while setting a clear roadmap with targets - using appropriately the EU Taxonomy for these actions where relevant;

Amendment 175 #

Draft opinion
Paragraph 9 c (new)

9c. Calls on the Commission to assess possible new financial resources for the transition, which are both environmentally and socially sustainable, in particular in the field of taxation (e.g. EU-wide tax on benefits for companies, EU wealth tax, carbon border adjustment mechanism, plastics tax) and to launch a reform of EU fiscal rules to facilitate public investment in decarbonising the economy;

Amendment 176 #

Draft opinion
Paragraph 9 c (new)

9c. Warns the Commission against the use of financial engineering and dubious multipliers to advertise ambitious figures, which, however, do not represent the true size of the budget;

Amendment 177 #

Draft opinion
Paragraph 9 d (new)

9d. Considers that the upcoming renewed EU sustainable finance strategy, to be published by Q4 2020, is a major opportunity to accelerate the shift towards more resilient and sustainable finance; therefore calls on the Commission to build on it and come up with legislative proposals on standardised corporate sustainability reporting and on corporate environmental and human rights due diligence; calls on the Commission to review the relevant financial regulations to better integrate sustainability-related financial risks, factors and preferences;

Amendment 178 #

Draft opinion
Paragraph 9 d (new)

9d. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to develop annual climate stress tests on financial institutions they supervise, as currently discussed notably in the Central Banks and Regulators Network for Greening the Financial System (NGFS), in order to understand where and how far climate- related financial risks sit in portfolios of relevant EU financial institutions

Amendment 179 #

9d. 10. Notes that the involvement of BlackRock, the Commission’s new advisor for ‘sustainable finance’, could give rise to conflicts of interest in the carrying out of its tasks. 1a _________________ 1athis amendment is intended to add a new paragraph 10.

Amendment 18 #

Draft opinion
Paragraph 1 a (new)

1a. Stresses that substantial amounts of public and private investments are needed to set the Union firmly on the path to climate neutrality as well as to a sustainable, socially fair and resilient recovery from the COVID-19 pandemic;

Amendment 180 #

Draft opinion
Paragraph 9 e (new)

9e. Calls on the Commission to revise the Non-Financial Reporting Directive and to table a new legislation on corporate governance to ensure that all large companies operating in carbon- intensive sectors develop and publish their carbon emission reduction targets and transition plans in order to align their business with the Paris Agreement

Amendment 181 #

Draft opinion
Paragraph 9 f (new)

9f. Calls on the Commission to ensure that biodiversity-related risks, impacts and dependencies are integrated in relevant EU legislation, including the Non- Financial Reporting Directive, the delegated acts of the Disclosure Regulation and other relevant corporate and financial legislation

Amendment 19 #

Draft opinion
Paragraph 1 a (new)

1a. Recalls the Commission communication on its Recovery Plan for Europe(COM(2020) 456) which supports an ambitious green transition to a climate neutral economy via funding under the Next Generation EU programme;

Amendment 2 #

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU achieve the revised 2030 and 2050 climate and biodiversity goals and reach its commitments under the Paris Agreement, the EU’s new Biodiversity Strategy and the post-2020 biodiversity agreement that will be adopted at the COP15 of the Convention on Biological Diversity (CBD) next year, based on the best available science;

Amendment 20 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Maria SPYRAKI, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 1 a (new)

1a. Considers it essential that the investment plan provides for and enables additional investment with real added value and doesn’t crowd out market financing;

Amendment 21 #

Draft opinion
Paragraph 1 b (new)

1b. Calls on the European Commission to develop the first recovery plan aligned with the Paris agreement, therefore calls on the European Commission to bridge the climate friendly investment gap and to ensure that public investments made through Next Generation EU respect the “Do no harm” principle, that climate-relevant investments are in line with the EU Taxonomy Regulation and that national recovery plans are aligned with National Energy and Climate Change Plans (NECP);

Amendment 22 #

Draft opinion
Paragraph 1 b (new)

1b. Recalls the Commission communication on its Recovery Plan for Europe(COM(2020) 456) which supports an ambitious green transition to a climate neutral economy via funding under the Next Generation EU programme; and the Commission’s commitment that the investments in the recovery should respect the “do no harm” principle;

Amendment 23 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Maria SPYRAKI

Draft opinion
Paragraph 1 b (new)

1b. Calls on the Commission to strengthen tracking, proofing and benchmarking of sustainability spending on social and environmental objectives in all financing tools of the Sustainable European Investment Plan (e.g. EU budget, EIB, EIF, InvestEU) in order to ensure the effectiveness of the allocated funds;

Amendment 24 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Inese VAIDERE, Maria SPYRAKI, Radan KANEV, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 1 b (new)

1b. Emphasises that the transition cannot be done simply with public funds; calls on the Commission when developing the Investment Plan to encourage and enable private investments;

Amendment 25 #

Draft opinion
Paragraph 1 c (new)

1c. Notes that, even with an ambitious funding, the available funds will not be unlimited; calls on the Commission to establish a robust framework for reporting and monitoring to ensure that spending has a real impact;

Amendment 26 #

Draft opinion
Paragraph 2

2. ~~Expects a new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own resourc~~Takes note of the new MFF proposals in the context of the EU Recovery & Resilience package; welcomes the support for introducing new Green EU own resources and urges the Commission to present such proposals without delay; believes an ambitious MFF should be at the heart of the green transition towards a climate-neutral, socially and environmentally resilient, gender-balanced and inclusive economy; deplores, t~~o be at the heart of the green transition~~he fact that the Commission did not seize the opportunity to build on the support of the Council to increase the climate-spending target and to introduce a separate biodiversity-spending target as requested by the European Parliament;

Amendment 27 #

Draft opinion
Paragraph 2

2. Expects a new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own resources, ~~to be at the heart of the green transition~~with a 50% climate and environment spending target to put it at the heart of the green transition; calls on the Commission to set ambitious targets for other sustainability objectives, including biodiversity and the fight against inequality in the new MFF; calls on the Commission to increase the new MFF levels of finance for external action to aid partner countries’ recovery from COVID-19;

Amendment 28 #

Draft opinion
Paragraph 2

2. ~~Expects a new, unprecedented MFF~~In these new economic and social circumstances resulting from the effects of COVID-19, expects a new MFF that is in line with the EU’s new needs, endowed with fresh money, and enhanced ~~and new~~ EU own resources, to be at the heart of the economic recovery and the green transition;

Amendment 29 #

Draft opinion
Paragraph 2

2. ~~Expects a new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own resources, to be at the heart of the green transition~~Calls for a complete refocus of the priorities for the 2021-2027 multiannual financial framework (MFF), taking into account the socio-economic impact of the pandemic in the medium to long term; calls for the budget envisaged for ‘climate mainstreaming’ to instead be mobilised for COVID-19-related measures;

Amendment 3 #

Martin HOJSÍK, Pascal CANFIN, Catherine CHABAUD

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU achieve the revised 2030 and 2050 climate, circular economy and biodiversity goals and reach its commitments under the Paris Agreement, based on the best available science, back- casting approach, life-cycle assessment and Natural Capital Accounting methodology;

Amendment 30 #

Draft opinion
Paragraph 2

2. ~~Expects a new,~~Believes that unprecedented MFF with an increased climate-related spending target of at least 40 % by 2027 at latest, endowed with fresh money~~, and enhanced~~ and new EU own resources, musto be at the heart of the green transition in order for the EU to meet its obligations under the Paris Agreement;

Amendment 31 #

Draft opinion
Paragraph 2

2. ~~Expects a new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own resourc~~Believes that the new MFF should allocate sufficient resources to the promotion of those policies, t~~o be at the heart of the green transition~~hat contribute to the achievement of climate, environmental and Sustainable Development goals;

Amendment 32 #

Draft opinion
Paragraph 2

2. Expects ~~a new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own reso~~the new MFF to be based on the principles of efficiency, economy and targeted spending, with the exception of sensible, temporary measurces, t~~o be at the heart of the green transition~~hat are compatible with the principle of subsidiarity and are taken at EU level with a view to overcoming the coronavirus crisis;

Amendment 33 #

Draft opinion
Paragraph 2

2. Expects a new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own resources, to be at the heart of the ~~green~~just, green, sustainable and digital transition;

Amendment 34 #

Jessica POLFJÄRD, Pernille WEISS, Maria SPYRAKI

Draft opinion
Paragraph 2

2. ~~Expect~~Believes a new, unprecedented MFF, endowed with fresh money, and potentially enhanced ~~and~~through new EU own resources, musto be at the heart of the green transition;

Amendment 35 #

Draft opinion
Paragraph 2

2. Expects a ~~new, unprecedented MFF, endowed with fresh money, and enhanced and new EU own resources, to be at the heart of the green transition~~sufficiently funded MFF with ambitious greening targets, especially in the Common Agricultural Policy and Cohesion Policy;

Amendment 36 #

Draft opinion
Paragraph 2 a (new)

2a. Believes that at least 50% of the future MFF should be earmarked for climate-related spending; recalls its position that an additional at least 10% should be earmarked for biodiversity- related spending; urges the Commission to present to the European Parliament and the Council a legislative proposal setting out a binding harmonised methodology for the transparent and robust accounting of climate and biodiversity-related spending under the future MFF, and for ensuring that no EU public funding, from any EU policies, is inconsistent with the objective of limiting the global temperature increase to 1.5°C above pre-industrial levels and to any other Union environmental objectives and international commitments, thereby operationalising the “do no harm” principle of the European Green Deal;

Amendment 37 #

Draft opinion
Paragraph 2 a (new)

2a. Stresses that priority sustainable sectors and budget lines should be identified along the headers of the MFF to receive priority funding, considering the intention to direct funds towards “shovel ready” projects, with a high capacity to create economic activity and jobs; highlights that these should include energy efficiency and resource efficiency (in particular in buildings), renewable energy and green hydrogen generation, greening of transport, climate and sustainable practices in agriculture, large scale nature restoration and green infrastructure, and carbon-neutral development of basic materials like steel, cement and basic chemicals;

Amendment 38 #

Draft opinion
Paragraph 2 a (new)

2a. Welcomes the revised proposal for the next MFF and the Recovery Plan for Europe with the European Green Deal at the core; regrets that the Commission’s ambition of climate spending under the revised proposal is not increased in line with the foreseen increases in the ambition of climate and energy targets and of environmental objectives; expects an increase commensurate with the targets to be set by the Climate Law;

Amendment 39 #

Draft opinion
Paragraph 2 a (new)

2a. Believes that public and private finance should adhere to the EU taxonomy and to the ‘do no harm’ principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing not contribute to objectives, projects and activities that significantly harm social or environmental objectives;

Amendment 4 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Maria SPYRAKI, Esther DE LANGE

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU achieve the revised 2030 and 2050 climate and biodiversity goals, effectively contributing to the economic recovery of Member States, and reach its commitments under the Paris Agreement, based on the best available science;

Amendment 40 #

Michal WIEZIK

Draft opinion
Paragraph 2 a (new)

2a. Highlights the call of the European Parliament 1a for biodiversity mainstreaming of at least 10 % in the MFF in addition to the target for spending on climate mainstreaming; expects therefore that the Sustainable Europe Investment Plan mobilise further biodiversity-related investments on top of the climate financing; _________________ 1aEuropean Parliament resolution of 16 January 2020 on the 15th meeting of the Conference of Parties (COP15) to the Convention on Biological Diversity (2019/2824(RSP))

Amendment 41 #

Draft opinion
Paragraph 2 a (new)

2a. Emphasises the need for prioritisation among the MFF expenditures;

Amendment 42 #

Draft opinion
Paragraph 2 b (new)

2b. Notes that the financing of the European Green Deal should be complemented by a set of new EU own resources and calls on the Commission to come forward with a proposal for a new basket of adequate EU own resources that will enable the EU budget to achieve the transition to climate neutrality; recalls that the list of potential new EU own resources include a common consolidated corporate tax base, digital services taxation, a financial transaction tax, income from the emissions trading scheme, a plastics contribution and a carbon border adjustment mechanism;

Amendment 43 #

Draft opinion
Paragraph 2 b (new)

2b. Welcomes the Commission’s commitment to put the European Green Deal at the core of the recovery; insists that national recovery and resilience plans should clearly demonstrate their compatibility with the objective of limiting the global temperature increase to 1.5°C above pre-industrial levels, and their contribution to ensuring the well-being of all within planetary boundaries; insists that the European Parliament be fully involved in the governance and evaluation of the Recovery and Resilience Plans;

Amendment 44 #

Draft opinion
Paragraph 2 b (new)

2b. Calls on the Commission to come up with an ambitious proposal to review the different amounts allocated to the Sustainable Europe Investment Plan and its sustainable investment strategy to take into account the investment needs for climate adaptation or for other environmental challenges, such as biodiversity, and to consider the public investment needed to address the social costs of the transition and the costs of inaction;

Amendment 45 #

Draft opinion
Paragraph 2 b (new)

2b. Calls on the Commission to ensure that the new MFF does not support or invests into activities which would lead to the lock-in in assets harmful to the climate and environmental objectives of the Union considering their lifetime;

Amendment 46 #

Draft opinion
Paragraph 2 c (new)

2c. Insists that any future introduction of new EU own resources based on a share of the revenues generated by the EU Emissions Trading System (ETS), on a tax imposed on the amount of non- recycled plastic packaging waste or on a carbon adjustment mechanism should exclusively be directed to the financing of climate change mitigation and adaptation measures and to achieving the Union’s short- and long-term climate, energy and environmental goals, as set out in the European Green Deal and mandated by the commitments made under the Paris Agreement;

Amendment 47 #

Draft opinion
Paragraph 2 c (new)

2c. Reminds the Union and all Member States of their international commitment to phase out fossil fuel subsidies as soon as possible and by 2025 at the latest; believes that a reformed European Semester starting in 2021 should include this objective as a short- term priority;

Amendment 48 #

Draft opinion
Paragraph 2 c (new)

2c. Calls on the Commission to disclose which part of the Union’s expenditure is compliant with the taxonomy categories as set out in the Regulation (EU) 2020/[Taxonomy Regulation]

Amendment 49 #

Martin HOJSÍK, Frédérique RIES, Pascal CANFIN, Catherine CHABAUD

Draft opinion
Paragraph 2 d (new)

2d. Stresses that reducing our impact on wildlife and protecting and restoring biodiversity could help us prevent the emergence of a new zoonotic disease like Covid-19; believes that, in order to strengthen the resilience of our societies, the Union and the Member States should substantially increase public funding for nature and ensure recovery and resilience plans and measures are subject to an ambitious binding “do no harm” test;

Amendment 5 #

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU reach~~ieve the revised 2030 and 2050 climate and biodiversity goals and reach its commitments under the Paris Agreement~~ its commitments under the Paris Agreement and achieve its Green Deal´s environmental and climate objectives, including biodiversity goals, truly circular economy and climate neutrality by 2050, based on the best available science;

Amendment 50 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past, ensuring that all recovery finance adheres to the EU Taxonomy and the do no significant harm principle; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds only to climate proof sectors and projects, with zero Euro to harmful sectors, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities ~~into the financial system, as well as all aspects of public policymaking and infrastructure~~and other environmental indicators into the financial system through systematic legislative reviews, as well as all aspects of public policymaking and public and private finance, including the EU budget, EU Semester, public procurement, ECB operations, project and infrastructure financing and guarantees through EIB and the EU Investment Plan and other EU funding sources such as cohesion funds and structural and investment funds; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 51 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis ~~that ensur~~; emphasises, th~~at taxpayers’ money~~erefore, its ~~invested in the future, not the past; that conditions fiscal expansion to dr~~commitment not to conceive of the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates climate riskEuropean Green Deal as an instrument for imposing further, more rigid external constraints on Member States’ economic and fiscal policies, but rather to use it as and opportunit~~ies into the financial system, as well as all aspects of public policymak~~y to bring the issue of the environment back withing a~~nd infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle~~ context of rational debate and in order to balance environmental and social policies;

Amendment 52 #

Draft opinion
Paragraph 3

3. Commits to a just and equitable recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the ~~future, not the past~~social well-being of individuals; that conditions fiscal expansion to drive the shift to a green economy and make societies ~~and people~~, people and ecosystems more resilient; that employs public funds toin sustainable, green and climate proof sectors and projects, prioritising nature- based solutions, thereby generating green jobs and sustainable growth and thus social well-being; that incorporates climate risks and opportunities and the impairment and destruction of natural habitats and ecosystems and their services into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 53 #

Draft opinion
Paragraph 3

3. Commits to ~~a just~~the creation of suitable conditions to facilitate an economic recovery from the coronavirus crisis in the EU Member States that ensures that taxpayers’ money is invested ~~in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and~~economically, efficiently and sensibly; that will only be achievable through appropriate, targeted and temporary special measures that, taking rational, fact-based environmental projtects, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principleion into account, are focused on protecting companies and jobs, with such measures only being taken at EU level if they generate added value compared with the regional or national level, in accordance with the principle of subsidiarity; and that applies the polluter pays principle in the area of environmental protection;

Amendment 54 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that European taxpayers’ money is invested in ~~the future, not the past~~innovative sectors and in a sustainable and, above all, local green transition by promoting investments in European states; that conditions fiscal expansion to drive the shift to a ~~green~~sustainable and local economy and make societies and people more resilient; that employs public funds to ~~climate proof~~ sectors and projects that are actually playing a role in the fight against climate change and have a relatively low carbon footprint, thereby generating green jobs in Member States and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that ~~guarantees an end to fossil fuel subsidies and~~ applies the polluter pays principle;

Amendment 55 #

Michal WIEZIK

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that tax payers’ money is invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds ~~to climate proof sectors and project~~and gets on board private investments to climate and biodiversity proof sectors and projects, including upscaling nature-based solutions, thereby generating green jobs and sustainable growth; that incorporates climate risks, environmental threats and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel and all other harmful subsidies and applies the polluter pays principle;

Amendment 56 #

Draft opinion
Paragraph 3

3. Commits to a just and sustainable recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that ensures that the European Green Deal’s ‘do-not- significantly-harm’ principle applies to all recovery plans and state aid; that employs public funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 57 #

Radan KANEV

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past, and that the effectiveness of the implementation of Union support is properly assessed; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 58 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public and private funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates ~~climate risks and~~a commitment to incorporating climate risk mitigations and potential opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an gradual and supported end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 59 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that European taxpayers’ money is invested in the future~~, not the past~~; that conditions fiscal expansion to drive the shift to a green, sustainable and local economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects (sectors that actually have a low carbon footprint), thereby generating green jobs and sustainable and local growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 6 #

Draft opinion
Paragraph 1

1. ~~Welcomes~~Takes note of the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient ~~and~~, sustainable and local society; emphasises that it is imp~~erative~~ortant that the EU achieve the revised 2030 and 2050 climate and biodiversity goals ~~and reach its commitments under the Paris Agreement~~, based on the best available science;

Amendment 60 #

Catherine CHABAUD, Martin HOJSÍK

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects, thereby generating green jobs and ~~sustainable growth~~well-being for all within planetary boundaries; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that ~~guarantees an end to~~clearly excludes any direct or indirect support to any fossil fuel ~~subsidies~~ and applies the polluter pays principle;

Amendment 61 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past, fostering research and innovation; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 62 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies ~~and~~, people and the environment more resilient; that employs public funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 63 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Maria SPYRAKI, Radan KANEV, Esther DE LANGE

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is prudently invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green ~~economy and make societies and people~~and more resilient economy; that employs public funds to ~~climate proof sectors and projects, thereby generat~~trigger additional investments ing green jobs and sustainable growth and transition to low carbon energy; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 64 #

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in the future, not the past; that ~~conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects~~uses additional public spending to promote the shift to a sustainable and circular economy without allowing the erosion of the industrial base; that employs public funds to support sectors in climate proofing, thereby generating green jobs and sustainable growth; that promotes incorporatesing climate risks and opportunities into the financial system~~, as well as all aspects of public policymaking and infrastructure; and that guarantees an end to~~; and that advances the phasing-out of fossil fuel subsidies and the appliescation of the polluter pays principle;

Amendment 65 #

Catherine CHABAUD, Martin HOJSÍK

Draft opinion
Paragraph 3

3. Commits to a just recovery from the coronavirus crisis that ensures that taxpayers’ money is invested in ~~the future, not the past~~sectors with added value; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds ~~to climate proof~~in sectors and projects that provide solutions to climate change adaptation and mitigation, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as all aspects of public policymaking and infrastructure; and that guarantees ~~an end to fossil fuel subsidies and applies the polluter pays principle~~the gradual elimination of fossil fuel subsidies;

Amendment 66 #

Draft opinion
Paragraph 3 a (new)

3a. Science has proven the interlinkage between health, environmental and climate crisis, notably linked to the consequences of climate change and the loss of biodiversity and ecosystems. Health and sanitary crisis such as Covid 19 and require the EU, as a global player, to implement a global strategy, aimed at preventing the development of such episodes increase in climate disturbances such as extreme weather phenomena, by addressing the issues at roots and promoting an integrated approach implementing the sustainable development goals. Calls therefore on the EU, as part of the Green Deal’s financing mechanisms, to enhance investments in risk-management, preservation, mitigation and adaptation policies;

Amendment 67 #

Draft opinion
Paragraph 3 a (new)

3a. Reiterates that all investments under the European Union Recovery Instrument should abide by the ‘do no harm’ principle and should not undermine the efforts made for the just transition to an economy with net-zero greenhouse gas emissions; calls on the Commission to publish, at the latest by the end of this year, climate proofing guidelines for all the funds that will be raised under the European Union Recovery Instrument and channelled through the EU programmes;

Amendment 68 #

Martin HOJSÍK

Draft opinion
Paragraph 3 a (new)

3a. Calls on the Member States to prepare by 30 June 2021 national strategies to phase out support for fossil fuels, including indirect subsidies, capacity mechanism and decoupling addressing of energy poverty from subsidies to fossil fuels;

Amendment 69 #

Draft opinion
Paragraph 3 a (new)

3a. Stresses that to the aims laid down in paragraph 3, at least 50% of all recovery plans should be directed to environmentally and socially sustainable activities;

Amendment 7 #

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU achieve the revised 2030 and 2050 climate and biodiversity goals and reach its commitments, including being climate neutral by 2050, under the Paris Agreement, based on the best available science;

Amendment 70 #

Draft opinion
Paragraph 3 b (new)

3b. Notes that, under the revised proposal for the next MFF and the European Union Recovery Instrument, several Union programmes are frontloaded; warns that this might result in a green investment gap at the end of the next MFF period and, thus, negatively impact the SEIP; underlines that for the Union to attain the 2030 targets and lay down the basis for the transition to climate neutrality by 2050, it is crucial to ensure green investments throughout the next MFF period and the decade leading to the milestone of 2030;

Amendment 71 #

Draft opinion
Paragraph 3 b (new)

3b. Calls on the Commission to apply to the support provided to third countries as part of the recovery from the Covid-19 pandemic the same principles as recovery plans in the EU;

Amendment 72 #

Draft opinion
Paragraph 4

Amendment 73 #

Draft opinion
Paragraph 4

Amendment 74 #

Draft opinion
Paragraph 4

Amendment 75 #

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments ~~be subject to~~should be legally bound by the EU taxonomy for sustainable activities, the ‘do no significant harm’ principle, and the Paris- aligned and Climate Transition Benchmarks; calls on the Commission to propose a ‘brown’ taxonomy ~~and enhanced social sustainability criteria~~based on article 12 of the Proposal for a regulation of the European Parliament and of the Council on the establishment of a framework to facilitate sustainable investment (COM(2018)0353 – C8- 0207/2018 – 2018/0178(COD)) and enhanced social sustainability criteria, notably taking into account the European Pillar of Social Rights and all EU human rights commitments; notes that these social sustainability criteria are also an integral part of the ‘do-not-significantly- harm’ principle;

Amendment 76 #

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments be subject to the EU tTaxonomy ~~for sustainable activities and~~Regulation, the Paris- aligned and Climate Transition Benchmarks and the ‘do no significant harm’ principle; calls on the Commission to propose a ‘brown’ taxonomy ~~and enhanced social sustainability criteria~~, to identify activities that are significantly harmful to environmental objectives, and enhanced social sustainability criteria to identify substantial contributions to social cohesion, in addition to the minimum social safeguards that are now in place;

Amendment 77 #

Draft opinion
Paragraph 4

4. ~~Insists that~~Does not call for all EU-supported investments to be subject to the EU taxonomy for sustainable activities and the Paris- aligned and Climate Transition Benchmarks; ~~calls on the Commission to propose a ‘brown’ taxonomy and enhanced social sustainability criteria;~~

Amendment 78 #

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments and finance has to be subject to the EU taxonomy for sustainable activities with all-encompassing sustainability indicators, Life Cycle Assessment and the do no significant harm principle, and the Paris- aligned and Climate Transition Benchmarks; calls on the Commission to propose a ~~‘brown’ taxonomy and enhanced social sustainability criteria;~~robust risk approach in the EU taxonomy.

Amendment 79 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Maria SPYRAKI, Lídia PEREIRA, Esther DE LANGE

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments be subject to the EU taxonomy for sustainable activities and the Paris- aligned ~~and Climate~~benchmarks, the European Green Deal and the agreement on biodiversity resulting from the COP15 of the CBD as well as the Climate and Ecological Transition Benchmarks; calls on the Commission to propose a ‘brown’ taxonomy and enhanced social sustainability criteria;

Amendment 8 #

Draft opinion
Paragraph 1

1. Welcomes the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), which aims to enable a just and well-managed transition towards a resilient and sustainable society; emphasises that it is imperative that the EU achieve the revised 2030 and 2050 climate and ~~biodiversity~~all environmental goals and reach its commitments under the Paris Agreement, based on the best available science;

Amendment 80 #

Radan KANEV

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments be subject to the EU taxonomy for sustainable activities and the Paris- aligned and Climate Transition Benchmarks, and may be made conditional on the Member State’s ability to use that funding effectively; calls on the Commission to propose a ‘brown’ taxonomy and enhanced social sustainability criteria;

Amendment 81 #

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments be subject to the EU taxonomy for sustainable activities and the Paris- aligned and Climate Transition Benchmarks; calls on the Commission to propose a ‘brown’ taxonomy a~~nd enhanced social sustainability criteria~~s recommended by the European Central Bank and the Central Banks and Regulators network for Greening the Financial System;

Amendment 82 #

Edina TÓTH, András GYÜRK

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments be subject to the EU taxonomy for sustainable activities and the Paris- aligned and Climate Transition Benchmarks; ~~calls on the Commission to propose a ‘brown’ taxonomy and enhanced social sustainability criteria;~~

Amendment 83 #

Jessica POLFJÄRD, Pernille WEISS, Alexander BERNHUBER, Esther DE LANGE

Draft opinion
Paragraph 4

4. Insists that all EU-supported investments be subject to the EU taxonomy for sustainable activities and the Paris- aligned and Climate Transition Benchmarks; ~~call~~insists on the ~~Commission to propose~~timely adoption of a ‘brown’ taxonomy and enhanced social sustainability criteria under the EU Taxonomy;

Amendment 84 #

Draft opinion
Paragraph 4

4. Insists that all large share of EU- supported investments be subject to tha clear and predictable EU taxonomy for sustainable activities and the Paris- aligned and Climate Transition Benchmarks~~; calls on the Commission to propose a ‘brown’ taxonomy and enhanced social sustainability criteria~~ to avoid corporate greenwashing;

Amendment 85 #

Draft opinion
Paragraph 4

Amendment 86 #

Draft opinion
Paragraph 4 a (new)

4a. Insists that no EU-supported investments contribute to the construction, lifetime extension or construction of nuclear power stations, nor to the management or storage of nuclear waste, or to any other form of activity related to nuclear power;

Amendment 87 #

Draft opinion
Paragraph 4 a (new)

4a. Recalls that under the Taxonomy Regulation the Commission must adopt by the end of 2020 a delegated act containing technical screening criteria for activities which substantially contribute to climate change mitigation or adaptation;

Amendment 88 #

Draft opinion
Paragraph 4 a (new)

4a. Recalls Article 26(2) of 2018/0178 (COD) which commits the European Commission to assess the implementation of a brown taxonomy by December 31st 2021;

Amendment 89 #

Draft opinion
Paragraph 4 b (new)

4b. Calls on the Commission to adopt by June 21 2021 an updated tracking methodology to monitor and report trends regarding capital flows towards sustainable investment as per the taxonomy regulation (EU) 2020/ [Taxonomy Regulation] of the European Parliament and of the Council

Amendment 9 #

Draft opinion
Paragraph 1

Amendment 90 #

Draft opinion
Paragraph 4 b (new)

4b. Stresses that under SEIP support should be explicitly ruled out for coal and fossil fuel exploration, extraction, storage and processing activities;

Amendment 91 #

Draft opinion
Paragraph 5

Amendment 92 #

Draft opinion
Paragraph 5

5. ~~Emphasise~~Insists that no project that is inconsistent with the Union’s climate and environmental objectives, in particular the objective of limiting the global temperature increase to 1.5°C above pre- industrial levels, should be eligible under the InvestEU programme; takes note in this regard of the proposal for a new Annex mentioning activities that are clearly excluded from such support; deplores, however, that this proposed list still allows for the financing of natural gas in clear contradiction with the Union’s commitments under the Paris Agreement; recalls the European Parliament’s demand that at least 40 % of overall investments under the InvestEU programme should contribute to climate objectives; welcomes the proposed increased target of spending at least 60% of the investments under the sustainable infrastructure policy window to meeting the Union objectives on climate and environment.; believes that the green finance gap is surmountable;

Amendment 93 #

Draft opinion
Paragraph 5

5. Welcomes the proposed increase in the InvestEU budget and the doubling of the financial envelope of the sustainable infrastructure window under the programme; emphasises the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient Recovery; stresses that the InvestEU programme will be one of the key instruments in financing investments that will accelerate the green transition; Emphasises the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate and environmental objectives; believes that the green finance gap is surmountable;

Amendment 94 #

Draft opinion
Paragraph 5

5. Emphasises the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate objectives~~; believes that the green finance gap is surmountable~~ while all investment should be in line with the Paris agreement and the EU Taxonomy do no significant harm principle; believes that the green finance gap is surmountable, yet reminds that sufficient public and private finance already exists if correctly reoriented from harmful to sustainable activities; underlines the importance of ensuring local technical support for project promoters and innovations, and the role of project nurseries helping projects mature to receive financing;

Amendment 95 #

Draft opinion
Paragraph 5

5. Emphasises the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate objectives; ~~believes that the green finance gap is surmountable;~~regrets the fact that only 2% of the climate budget is earmarked for investments in nature-based solutions despite the fact that the conservation of ecosystems and the expansion of carbon sinks account for 37% of climate change mitigation up to 20301 a; calls, therefore, for an increase in investments in nature- based solutions in the climate budget; believes that the green finance gap is surmountable; _________________ 1aIPBES (2019): Summary for policymakers of the global assessment report on biodiversity and ecosystem services of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services. https://ipbes.net/sites/default/files/ipbes_7 _10_add.1_en_1.pdf

Amendment 96 #

Draft opinion
Paragraph 5

5. Emphasises the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate objectives; believes that the green finance gap is surmountable if private initiative overcomes the COVID-19 crisis and recovers the capacity to support public initiatives in the challenge of financing the green transition;

Amendment 97 #

Draft opinion
Paragraph 5

5. Emphasises the European Parliament’s demand that ~~at least 40 % of investments under the InvestEU programme should contribute to climate objectives; believes that the green finance gap is surmountable~~the efficiency of the InvestEU programme should be thoroughly reviewed and adjustments made where necessary;

Amendment 98 #

Draft opinion
Paragraph 5

5. Emphasises the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate and environmental objectives; believes that the green finance gap is surmountable but requires enhanced sustainable private investment;

Amendment 99 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 5

5. Emphasises the European Parliament’s demand that at least 40 % of investments under the InvestEU programme should contribute to climate, environment and biodiversity objectives; believes that the green finance gap is surmountable;

source: 650.680

2020/06/16 TRAN 173 amendments...

Amendment 1 #

Draft opinion
Recital A

A. whereas in the field of transport, more than EUR 700 billion in investment is needed for the Trans-European Transport Network alone between now and 2030 and additional investments are required for the deployment of innovative strategies, charging infrastructure and alternative fuels; whereas the modernisation of the EU transport system implies also significant investments into the upgrading and retrofitting of existing transport infrastructure;

Amendment 1 #

Draft opinion
Paragraph 1

1. Expects that under the future multiannual financial framework (MFF), the contribution to the agricultural and rural development domain will be maintained at current levels; ~~insists that any additional measures relating to the green transition be financed with~~recognises that the CAP requires an overall reform to bring it in line with the European Green Deal; insists that farmers be supported appropriately to achieve the increased ambition of the European Green Deal, following the principle that public support should take into consideration environmental and health concerns from the outset; insists that the green transition be financed, firstly, through a redeployment of the current levels of CAP expenditure towards greater environmental coherence as a priority, and, secondly, via fresh money and additional EU own resources only where necessary;

Amendment 10 #

Martin HLAVÁČEK, Hilde VAUTMANS, Ulrike MÜLLER, Elsi KATAINEN, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI

A a. whereas CO2 emissions from transport in the Union, including international aviation but excluding international shipping, were 28 % above 1990 levels in 2017, representing 27 % of total EU-28 greenhouse gas emissions, including international aviation and maritime emissions1a _________________ 1ahttps://www.eea.europa.eu/data-and- maps/indicators/transport-emissions-of- greenhouse-gases/transport-emissions-of- greenhouse-gases-12

Amendment 10 #

Draft opinion
Paragraph 1 a (new)

1a. Welcomes the Commission’s amended MFF proposal of 27 and 28 May, including the communication entitled ‘Europe’s moment: Repair and Prepare for the Next Generation’, with its provision to increase funding for the Common Agricultural Policy in comparison to the previous MFF proposal;

Amendment 100 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 6 e (new)

6 e. Recognises that the European Green Deal investment plan has a great potential to include sustainable transport as a strategic mean to achieve carbon neutrality; underlines that collective passenger transport, as one of the fastest and most cost-efficient way to decarbonise people’s mobility, should be at the core of the EU financing of the green transition;

Amendment 101 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Dominique RIQUET, Søren GADE

Draft opinion
Paragraph 6 e (new)

6 e. Highlights that the transport and logistics sector is comprised largely out of micro-enterprises and SMEs; therefore urges the Commission to give special attention to these types of enterprises, e.g. by providing better access to funding and retraining of employees;

Amendment 102 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX

Draft opinion
Paragraph 6 f (new)

6 f. Highlights that the collective passenger transport sector has been severely affected by the Covid-19 crisis; stresses that financing and grants to the collective passenger sector are critical to overcome the looming recession and achieve the long-run sustainability goals foreseen by the European Green Deal; in this regard, that suitable resources should be transferred to the relevant EU funds and dedicated for collective passenger transport mobility - such as buses, coaches and trains; calls on the EU Commission to cooperate with Member States to ensure financing solutions for collective passenger transport modes are included as a priority in their national recovery plans;

Amendment 103 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 g (new)

6 g. Stresses that investment in public transport is central to sustainable urban mobility, as well as for sustainable rural mobility, in order to promote environmentally, climatically and economically sustainable societies and to tackle social exclusion and the negative trend of depopulation in isolated low- density areas; calls in this regard for increased support for transport infrastructure and the promotion of public transport and sustainable mobility; highlights the importance to support multimodal ticketing system action plans;

Amendment 104 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 h (new)

6 h. Considers a stronger articulation of urban transport financing with Sustainable Urban Mobility Plans (SUMPS) to be essential to boost the urban mobility transformation; calls the European Commission to cooperate with Member States to develop sustainable urban mobility plans and policies, including the support for efficient public transport systems and active mobility solutions such as walking and cycling and the promotion of accessibility and multimodality among the different modes of transport, at the same time balanced socio-economic arrangements are guaranteed to ensure inclusiveness and affordability among EU citizens;

Amendment 105 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 6 i (new)

6 i. Highlights that innovation and digitalisation play a key role in the decarbonisation of the civil aviation sector, including the civil aeronautics industry, in line with the ambitions of the European Green Deal; recalls, in particular, the role of Clean Sky 2 and SESAR Joint Undertakings in ensuring net accelerations in green technologies aimed to improve safety and to reduce the CO2 and greenhouse gas emissions, as well as the noise levels produced by aircraft; calls on the European Commission to develop and support an EU investment roadmap for aviation and aeronautics to trigger innovation towards sustainable aviation, including research in alternative fuels, with the view of preserving competitiveness and maintaining Europe's leadership.

Amendment 106 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 6 j (new)

6 j. Considers that there is a need for EU financing to guarantee the deployment of zero-emission vehicles at EU level; EU funds should ensure the transformation of the automotive industry towards climate neutrality by supporting the renewal of vehicle fleets both public and private, the increase in the production and deployment of sustainable alternative fuels and of recharging points, and the promotion of ecological scrappage schemes; highlights EU funds should also address the needed upskilling and reskilling of workers of the automotive industry to adapt to the new innovation, sustainability and digitalisation demands of the sector;

Amendment 107 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 6 k (new)

6 k. Calls on Member States to include the transport industry as priority in their national recovery plans to ensure they can have major access to the resources allocated from different initiatives set by the European Recovery Plan; further calls on Members States to support rail investment in their national action plans in line with the European Green Deal's goals; asks the European Commission to cooperate with Member States by mapping smart investment initiatives for the sustainable and resilient recovery of the sector;

Amendment 108 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 l (new)

6 l. Investing in road safety standards

Amendment 109 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 m (new)

6 m. Highlights that EU funding is an important lever to invest in innovative and smart road safety solutions and accelerate the delivery of road safety results across the EU; calls on the European Commission to safeguard and increase investments on road safety at EU level, particularly in cost effective actions such as enforcement, road infrastructure maintenance and upgrades through the TEN-T network and beyond, the upgrading of the safety vehicle fleets - both public and private- as part of procurement, adaptation of road signalling and marking, as well as investment in bike lanes and pedestrian high risk zones;

Amendment 11 #

Draft opinion
Recital A a (new)

A a. Whereas the objectives of the Green Deal cannot be reached without decarbonising transport sector in Europe, in this regard transport's GHG emissions represent 27% of EU global emissions and are the only ones still increasing;

Amendment 11 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX

Draft opinion
Paragraph 1 a (new)

1a. Welcomes the Commission's proposal of temporary additional resources via the Next Generation EU fund, but stresses that a strong MFF nevertheless remains vital;

Amendment 110 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 n (new)

6 n. Sustainable tourism

Amendment 111 #

Draft opinion
Paragraph 6 o (new)

6 o. Underlines the need of financial support for innovative, socioeconomic and environmental sustainable tourism initiatives to enable the tourism sector to advance towards climate neutrality and sustainability; asks the European Commission to develop and "EU Roadmap for Sustainable and Resilient Tourism" to boost the investment in innovative and digitalisation measures such as circular economy initiatives in the tourism sector;

Amendment 112 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 p (new)

6 p. Insists on the creation and introduction of a specific budget allocation for sustainable tourism as clearly stated in the European Parliament's position on the Multiannual Financial Framework 2021-2027 and reiterates that several significant steps have to be taken in order to prepare the third largest economic branch of the European Union meet the conditions of the European Green Deal;

Amendment 113 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 6 q (new)

6 q. Underlines that the new initiative REACT-EU programme, in the framework of the European Recovery Plan, should support the financing of the recovery of the tourism sector, and ensure that crisis repair measures are adapted accordingly.

Amendment 114 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 r (new)

6 r. Calls on the European Commission to provide companies and SMEs of the EU tourism and travel sector with guidance on how to access the available EU funding and investment programmes for the recovery and sustainable transformation of the sector;

Amendment 115 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 6 s (new)

6 s. Calls on Member States to include the tourism and travel sector as priority in their national recovery plans to ensure they can have major access to the resources allocated from different initiatives set by the European Recovery Plan; asks the European Commission to cooperate with Member States and to exchange best practices on financing and funding opportunities for the sector.

Amendment 12 #

Dorien ROOKMAKER

Draft opinion
Recital A a (new)

A a. Whereas in the Sustainable Europe Investment Plan in the coming decennium EUR 1 trillion will be investment by 2030 in a wide range of diverse projects managed by different entities like the EC, member states, programmes;

Amendment 12 #

Martin HLAVÁČEK, Hilde VAUTMANS, Ulrike MÜLLER, Elsi KATAINEN, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Paragraph 1 b (new)

1 b. Stresses that this increased funding is essential for delivering on the proposed objectives and ambition of the future CAP, achieving the Green Deal objectives in agriculture to strengthen the resilience of the agri-food sectors and to ensure sustainable food production which depends not only on a well-funded CAP but also on other MFF instruments such as research, investment in innovation or digital technology and the facilitation of farmer’s and the agri-food sector’s access to them;

Amendment 13 #

Draft opinion
Recital A b (new)

A b. Whereas there is no dedicated budget line for European Green Deal Investment Plan and all investment is implemented through sectorial polices.

Amendment 13 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 1 b (new)

1b. Calls on the Commission that the green transition in agriculture must ensure a balanced approach in terms of the three dimensions of sustainability i.e. social, environmental and economic; underlines the importance of the article 2.1.b of the Paris Agreement which recognizes the fundamental priority of safeguarding food security by the adaptation to the impacts of climate change;

Amendment 14 #

Draft opinion
Recital A b (new)

A b. whereas sustainable mobility in all modes of transport and an up-to-date multimodal infrastructure including the trans-European transport network (TEN- T) are crucial to reach a climate-neutral economy;

Amendment 14 #

Martin HLAVÁČEK, Ulrike MÜLLER, Elsi KATAINEN, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Paragraph 1 c (new)

1c. Welcomes the proposal to top up the Just Transition Fund (JTF), including with additional funds from Next Generation EU, and the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility and stresses that in order for the JTF and green transition to be successful and impactful for agriculture and rural areas, it must be undertaken in a fair, inclusive and scientifically underpinned manner together with stakeholders;

Amendment 15 #

Draft opinion
Recital A b (new)

A b. Whereas research and innovation are crucial drivers for competitiveness and sustainability of the transport sector;

Amendment 15 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 2

2. Takes note of the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), but emphasises that the elements proposed within it, including the Just Transition Fund, depend entirely on an ambitious MFF agreement; expresses its deep concern that the front-loading of EU budget funds to cover new spending requirements stemming from the COVID- 19 pandemic may deprive EU farmers of funding in the latter years of the MFF, which would be particularly damaging if they are expected to comply with new obligations under the Green Deal; underlines that the transition towards sustainability shall be just, fair and responsible, involving all economic and social sectors to avoid any particular pressure on the agriculture sector;

Amendment 16 #

Draft opinion
Recital A c (new)

A c. whereas one in 10 Europeans work in the wider transport sector, and whereas investing in transport infrastructure will lead to the creation of new jobs as it is estimated that every billion euros invested in the TEN-T core network will create up to 20 000 new jobs;

Amendment 16 #

Martin HLAVÁČEK, Ulrike MÜLLER, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI, Elsi KATAINEN

Draft opinion
Paragraph 2

2. Takes note of the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), but emphasiszes that the elements proposed within it, including the Just Transition Fund, depend entirely on an ambitious MFF agreement; expresses its deep concern that the front-loading of EU budget funds to cover new spending requirements stemming from the COVID- 19 pandemic may result in a funds shortage in later programming years which may impact on the ability of the agriculture sector to deliver on the objectives and ambition of the Farm to Fork and Biodiversity Strategies and deprive EU farmers of funding in the latter years of the MFF, which would be particularly damaging if they are expected to comply with new obligations under the Green Deal;

Amendment 17 #

Draft opinion
Recital A c (new)

A c. Whereas transport must be fit to cope with new socio-economic and technological developments, requiring significant investments in new mobility models, digitalisation, research and innovation, alternative energy sources and energy efficiency.

Amendment 17 #

Carmen AVRAM, Tonino PICULA, Pina PICIERNO, Juozas OLEKAS, Ivo HRISTOV, Paolo DE CASTRO, Marc TARABELLA

Draft opinion
Paragraph 2

Amendment 18 #

Draft opinion
Recital A c (new)

A c. Whereas reduction of the emissions of the transport sector can be sped up for both infrastructure and fleet by developing and strengthening the synergies with other sectors, such as digital or energy (e.g hydrogen);

Amendment 18 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 2

2. Takes note of the Commission communication on the Sustainable Europe Investment Plan (COM(2020)0021), but emphasises that the elements proposed within it, including the Just Transition Fund, depend ~~entirely~~ on an ambitious MFF agreement; expresses its deep concern that the front-loading of EU budget funds to cover new spending requirements stemming from the COVID- 19 pandemic may deprive EU farmers of funding in the latter years of the MFF, which would ~~be particularly damaging if they are expected to comply with new obliga~~lead to difficulties in undertaking their part of ambitions under the Green Deal;

Amendment 19 #

Draft opinion
Recital A d (new)

A d. whereas an up-to-date multimodal infrastructure, including the trans- European transport network, is essential for the connection and competitiveness of the EU and an enabler of sustainable and smart mobility;

Amendment 19 #

Irène TOLLERET, Jérémy DECERLE, Martin HLAVÁČEK, Adrián VÁZQUEZ LÁZARA, Ulrike MÜLLER

Draft opinion
Paragraph 2 a (new)

2a. Welcomes the proposal of the Commission to allocate 15 billion Euros to Rural Development in the context of the "Next Generation UE", but regrets that no allocation has been proposed for the first pillar of the CAP within this new instrument, taking into account the need to improve direct payments and the support to sectorial programs to help farmers overcome the Covid-19 crisis and comply with the new Green Deal objectives;

Amendment 2 #

Draft opinion
Recital A

A. whereas in the field of transport, more than EUR 700 billion in investment is needed for the Trans-European Transport Network alone between now and 2030 and additional investments are required for the ~~deployment of~~comprehensive deployment of low and zero-emission mobility solutions, innovative strategies, charging infrastructure and alternative fuels, in urban as well as in low-density and rural areas;

Amendment 2 #

Marlene MORTLER, Peter JAHR, Norbert LINS, Lena DÜPONT, Christine SCHNEIDER, Herbert DORFMANN, Simone SCHMIEDTBAUER

Draft opinion
Paragraph 1

Amendment 20 #

Martin HLAVÁČEK, Hilde VAUTMANS, Ulrike MÜLLER, Elsi KATAINEN, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Recital A d (new)

A d. Whereas transport must also contribute to reaching the emissions- reduction targets of the EU in a technologically neutral way, while making sure that transport remains affordable and competitive.

Amendment 20 #

Draft opinion
Paragraph 2 a (new)

2a. Underlines the importance of facilitating access to public and private finance to support increased green investment, development and access to the digitalization tools, modernization and innovation that will enable farmers, the agricultural sector and rural areas to meet the challenges and opportunities of realizing the objectives and ambition of the Green Deal;

Amendment 21 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Søren GADE

Draft opinion
Recital A e (new)

A e. whereas micro, small and medium- sized enterprises (SMEs) in the transport and tourism sectors are being affected severely by the COVID-19 outbreak due to the enforcement of mobility restrictions; whereas the current crisis has demonstrated the transport and logistics sector and its transport workers to be the back bone of the European economy as the uninterrupted freight transport has been essential for the functioning of supply chains;

Amendment 21 #

Carmen AVRAM, Tonino PICULA, Pina PICIERNO, Juozas OLEKAS, Ivo HRISTOV, Attila ARA-KOVÁCS, Isabel CARVALHAIS, Marc TARABELLA

Draft opinion
Paragraph 2 a (new)

2a. Welcomes the Commission’s proposals on the MFF and the Next Generation EU, including the additional resources of EUR 32.5 billion for the Just Transition Fund and EUR 1 billion for the European Fund for Sustainable Development, to facilitate the European Investment Fund to provide support to a wide range of small and medium-sized enterprises;

Amendment 22 #

Maria GRAPINI, Isabel GARCÍA MUÑOZ, Petar VITANOV, Rovana PLUMB

Draft opinion
Paragraph -1 (new)

-1. Believes the time is ripe for a more fundamental reshaping of EU transport financing with a view to establishing a net zero-emission transport sector by 2050 and guarantee full alignment with the Paris Agreement and the sustainable development goals;

Amendment 22 #

Ruža TOMAŠIĆ

Draft opinion
Paragraph 2 a (new)

2a. Insists that claims for farmers stemming from the European Green Deal, including the Farm to Fork Strategy and the EU Biodiversity Strategy for 2030, should be funded using other budgetary resources as well, not only the Common Agricultural Policy (CAP) envelope;

Amendment 23 #

Draft opinion
Paragraph 1

1. Acknowledges the actions taken in the transport sector to reduce specific emissions and stresses the need to strengthen support of all Member States for research on and innovation in zero- emissions mobility solutions so as to ensure a just transition to climate neutrality at the same time with the economic strengthening of the single market;

Amendment 23 #

Draft opinion
Paragraph 2 a (new)

2a. Notes that the Sustainable Europe Investment Plan relies to certain extent on crowding in private investment, which is likely to be less available in the years following the COVID-19 pandemic, and that therefore a strong MFF is even more vital;

Amendment 24 #

Draft opinion
Paragraph 1

1. Acknowledges the need for comprehensive actions to be taken in the transport sector to ~~reduce specific emissions and s~~phase out emissions and achieve carbon neutrality. Stresses the need to strengthen support for research on and innovation in zero-emissions mobility solutions;

Amendment 24 #

Draft opinion
Paragraph 2 a (new)

2a. Points out that agriculture in the EU is the only major system in the world to have cut its greenhouse gas emissions (by 20 % since 1990);

Amendment 25 #

Elsi KATAINEN, Hilde VAUTMANS, Ulrike MÜLLER, Irène TOLLERET, Martin HLAVÁČEK, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Paragraph 1

1. ~~Acknowledges the actions taken in the transport sector to reduce specific emission~~Stresses that the transport sector needs to take urgent action in line with the EU's commitments under the Paris agreement to reduce emissions across all transport modes and stresses the need to strengthen support for research on and innovation in zero-emissions mobility solutions;

Amendment 25 #

Draft opinion
Paragraph 2 a (new)

2a. Ensure the possibility for small and medium size companies in rural areas, including farms, to make use of investments funds;

Amendment 26 #

Draft opinion
Paragraph 1

1. ~~Acknowledges the actions~~Stresses that further actions need to be taken in the transport sector to reduce specific emissions ~~and~~to reach climate neutrality by 2050, stresses the need to strengthen legislation and support for research on and innovation in zero- emissions mobility solutions;

Amendment 26 #

Draft opinion
Paragraph 2 b (new)

2b. Welcomes the Commission's ambition to devote a greater share of public spending on climate and environment than ever before, within in the EU budget; notes the Parliament's ambition for 30% climate mainstreaming spending and 10% biodiversity spending in the 2021 budget; calls for 50% climate spending target in MFF overall; recalls that CAP, as the largest budgetary item, is decisive in terms of achieving these targets; recalls that any additional resources should likewise contribute to the same targets;

Amendment 27 #

Draft opinion
Paragraph 1

1. Acknowledges the actions taken in the transport sector to reduce specific emissions and stresses the need to strengthen support for research on and innovation in zero-emissions mobility solutions, in particular on advanced technologies and smart mobility, including alternative fuels, low emission vehicle technologies and sustainable infrastructure projects;

Amendment 27 #

Carmen AVRAM, Tonino PICULA, Pina PICIERNO, Juozas OLEKAS, Ivo HRISTOV, Attila ARA-KOVÁCS, Isabel CARVALHAIS, Paolo DE CASTRO, Marc TARABELLA

Draft opinion
Paragraph 2 b (new)

2b. Calls on the European Commission and the Member States to utilise the Recovery and Resilience Facility, where appropriate, to provide complementary support to European farmers and cooperative businesses to coherently cope with the challenges deriving from the need to ensure compliance with new rules and to adapt to the adverse impacts of climate change in a manner that does not threaten food production and respects the principle of sustainability;

Amendment 28 #

Martin HLAVÁČEK, Ulrike MÜLLER, Elsi KATAINEN, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Paragraph 1

1. Acknowledges the actions taken in the transport sector to reduce specific emissions and stresses the need to strengthen support for research on and innovation in low and zero-emissions mobility solutions;

Amendment 28 #

Draft opinion
Paragraph 2 b (new)

2b. Stress that the differing starting points and potential for development of different regions and Member States must be taken into consideration in the development of national plans, allocation of funding and in the longer term financial perspective;

Amendment 29 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, István UJHELYI, César LUENA

Draft opinion
Paragraph 1

1. Acknowledges the actions taken in the transport sector to reduce specific emissions and stresses the need to strengthen financial support for research on and innovation in zero-emissions mobility solutions;

Amendment 29 #

Draft opinion
Paragraph 2 b (new)

2b. Asks the Commission for changes in state-aid rules and rules on competition not to damage the commonality of the CAP;

Amendment 3 #

Henna VIRKKUNEN, Tom BERENDSEN

Draft opinion
Recital A

A. whereas in the field of transport, more than EUR 700 billion in investment is needed for the Trans-European Transport Network alone between now and 2030 and additional investments are required for the transport sector to be in line with the goals of the Green Deal and climate neutrality by 2050 such as the deployment of innovative strategies, charging infrastructure and alternative fuels;

Amendment 3 #

Dan-Ştefan MOTREANU

Draft opinion
Paragraph 1

1. Expects that under the future multiannual financial framework (MFF), the contribution to the agricultural and rural development domain will be maintained at least at current levels; insists that any additional measures relating to the green transition, including achievement of the 'Farm to Fork' and biodiversity strategy objectives, be financed with fresh money and additional EU own resources;

Amendment 30 #

Draft opinion
Paragraph 1

Amendment 30 #

Anne SANDER, Herbert DORFMANN

Draft opinion
Paragraph 3

3. Recalls that a significant percentage of the common agricultural policy (CAP) envelope, which represents the largest share of the EU budget, will be set aside to support climate-related objectives; recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate-related objectives and requirements; points out in this connection that implementation of the Green Deal and of the Farm-to-Fork Strategy must not lead to a downgrading of our objectives, in particular the objective of ensuring sustainable livelihoods for our farmers; points out in this connection that it is not possible to ask more of farmers with less funding;

Amendment 31 #

Draft opinion
Paragraph 1 – subparagraph 1 (new)

Regrets the 'return of the truck' provision in Mobility Package I, which will not only lead to additional 3.2 million tons of CO2 per year but also result in Eastern European trucks navigating 780 million suboptimal or empty kilometres annually.

Amendment 31 #

Draft opinion
Paragraph 3

3. Recalls that a significant percentage of the common agricultural policy (CAP) envelope, which represents the largest share of the EU budget, will be set aside to support climate-related objectives; recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate-related objectives and requirements; points out that in terms of any new agriculture related climate neutral objective of the Green Deal a separate draft legislative proposal should be published in accordance with the rules without hindering ongoing legislative processes;

Amendment 32 #

Draft opinion
Paragraph 1 a (new)

1 a. Points out that all policies with an impact on the transport sector must be science-based and follow comprehensive impact assessments that take in account the economic, environmental and social consequences. The environmental performance of products and projects should be determined by measuring life- cycle emissions.

Amendment 32 #

Draft opinion
Paragraph 3

3. Recalls that a significant percentage of the common agricultural policy (CAP) envelope, which represents the largest share of the EU budget, will be set aside to support climate-related objectives; recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate-related objectives and requirements; raises attention on the delays in the CAP reform negotiations and insists that the process shall continue and be finalised for assuring the predictability in the farming sector;

Amendment 33 #

Mario FURORE, Laura FERRARA, Tiziana BEGHIN, Rosa D'AMATO, Eleonora EVI

Draft opinion
Paragraph 1 a (new)

1 a. Stresses the necessity to improve the climate objectives in line with a target of climate neutrality by 2040; in order to ensure continuous progress towards the achievement of climate neutrality, any transport infrastructure projects financed by the EU budget must, upon independent assessment, be deemed consistent with the 2030, 2050 and possibly 2040 climate objectives and coherent with the EU objective of building a fully renewables- based, highly resource and energy- efficient, climate-neutral and circular economy; in this view, the assessment of the effects of projects must take in account the green house gas emissions during their whole life cycle, such as those occurring in the construction and operational phase and including indirect emissions in a project’s value chain;

Amendment 33 #

Carmen AVRAM, Tonino PICULA, Pina PICIERNO, Juozas OLEKAS, Ivo HRISTOV, Attila ARA-KOVÁCS, Isabel CARVALHAIS, Paolo DE CASTRO, Marc TARABELLA

Draft opinion
Paragraph 3

3. Recalls that a significant percentage of the common agricultural policy (CAP) envelope, which represent~~s the larges~~ a significant share of the EU budget, will be set aside to support climate-related objectives; recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate-related objectives and requirements; recalls also that the Commission evaluation deemed the CAP to be the appropriate framework to develop the targets in the European Green Deal and for this reason it must be adequately funded;

Amendment 34 #

Draft opinion
Paragraph 1 a (new)

1 a. Highlights the need to promote substantive changes in mobility paradigms, aiming the transition to modes with lesser climatic impacts, in particular by investing in the modernization, expansion and efficiency of public transport networks and fleets, promoting the railroad, lighter modes of transport and interoperability, focusing metropolitan areas and urban centers, but also increasing connectivity to insular territories and rural areas; asks for investments in projects with the potential to attract users to public transport, in the detriment of individual transport, including through the financing of projects aiming to support fare free public transport systems;

Amendment 34 #

Clara AGUILERA

Draft opinion
Paragraph 3

3. Recalls that a ~~significant percentage of th~~modernised and sustainable common agricultural policy (CAP) ~~envelope, which represents the largest sh~~will make a decisive contribution to the success of the EU's general ambitious climate goals and that a significant paret of the ~~EU budget, will be set aside to~~CAP will be targeted at supporting climate-related objectives; recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate- related objectives and requirements; achievement of these objectives will depend, to a large extent, on sufficient funds being allocated in future budgets;

Amendment 35 #

Draft opinion
Paragraph 1 a (new)

1 a. Commits to a just recovery from the coronavirus crisis that ensures that funds are invested in the future, not the past; that conditions fiscal expansion to drive the shift to a green economy and make societies and people more resilient; that employs public funds to climate proof sectors and projects, thereby generating green jobs and sustainable growth; that incorporates climate risks and opportunities into the financial system, as well as aspects of public policymaking and infrastructure; and that guarantees an end to fossil fuel subsidies and applies the polluter pays principle;

Amendment 35 #

Draft opinion
Paragraph 3

3. Recalls that a significant percentage of the common agricultural policy (CAP) envelope, which represents the largest share of the EU budget, will be set aside to support climate-related objectives; recalls that although the reform of the CAP is ~~still ongoing and that no decision has yet been made on the exact contribution to~~passing through the approval process it is fully compatible with the environmental and climate~~-related~~ objectives ~~and requirements~~of the Green Deal and the Farm to Fork Strategy;

Amendment 36 #

Elsi KATAINEN, Hilde VAUTMANS, Ulrike MÜLLER, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Paragraph 1 b (new)

1 b. Calls for an adequate financing inside HorizonEU for the European Partnerships dedicated to transport as Clean Sky, SESAR, Shift to rail, FCH.

Amendment 36 #

Draft opinion
Paragraph 3

Amendment 37 #

Martin HLAVÁČEK, Hilde VAUTMANS, Ulrike MÜLLER, Irène TOLLERET, Jérémy DECERLE, Atidzhe ALIEVA-VELI

Draft opinion
Paragraph 1 b (new)

1 b. Calls for the strong support of transport and tourism sectors by the EU Recovery Plan of at least 20% of the total plan in line with the Union's commitments about carbon emissions reductions and sustainability;

Amendment 37 #

Draft opinion
Paragraph 3

3. Recalls that a significant percentage of the common agricultural policy (CAP) envelope~~, which represents the largest share of the EU budget,~~ will be set aside to support climate-related objectives; recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate- related objectives and requirements;

Amendment 38 #

Draft opinion
Paragraph 1 c (new)

1 c. Insists that all EU-supported investments be subject to the EU taxonomy for sustainable activities and the Paris-aligned and Climate Transition Benchmarks; calls on the Commission to propose a 'brown' taxonomy and enhanced social sustainability criteria;

Amendment 38 #

Draft opinion
Paragraph 3

3. Recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate-related objectives and requirements; Stresses that a significant percentage of the common agricultural policy (CAP) envelope, which represents the largest share of the EU budget, ~~will~~must be set aside to support climate-related objectives; ~~recalls that the reform of the CAP is still ongoing and that no decision has yet been made on the exact contribution to environmental and climate- related objectives and requirements;~~

Amendment 39 #

Draft opinion
Paragraph 2

2. Stresses that the Connecting Europe Facility (CEF) iscould be a key enabler ~~for delivering the Green Deal,~~to tackle climate objectives, if it contributes to finance regional and local transport networks, focusing on the objectives of territorial and social cohesion rather than enhance the internal market; underlines that CEF should provid~~ing~~e up to 80 % of its funding in transport to meet climate objectives; insists on a strong CEF and warns that financing the Sustainable Europe Investment Plan (SEIP) must not lead to financial reallocation that negatively affects the CEF;

Amendment 39 #

Draft opinion
Paragraph 3 a (new)

3a. Notes that, in its Communication on the Sustainable Europe Investment Plan, the Commission identifies significant investment need in agriculture, specifically to tackle broader environmental challenges, including biodiversity loss and pollution; highlights, however, that the Commission also describes these as conservative estimates, given a lack of data to accurately assess investment needs as concerns climate adaptation and restoration/preservation of ecosystems and biodiversity;

Amendment 4 #

Draft opinion
Recital A

A. whereas in the field of transport, more than EUR 700 billion in investment is needed for the Trans-European Transport Network alone between now and 2030 and additional investments are required for the deployment of innovative strategies, charging infrastructure and fully renewables-based and sustainable alternative fuels;

Amendment 4 #

Carmen AVRAM, Tonino PICULA, Pina PICIERNO, Juozas OLEKAS, Ivo HRISTOV, Attila ARA-KOVÁCS, Isabel CARVALHAIS, Paolo DE CASTRO, Marc TARABELLA

Draft opinion
Paragraph 1

1. Expects that under the future multiannual financial framework (MFF), the contribution to the agricultural and rural development domain will be maintained, in real terms, at least at current levels; insists that any additional measures relating to the green transition be financed with fresh money and additional EU own resources that will go beyond the MFF proposal;

Amendment 40 #

Simone SCHMIEDTBAUER, Marlene MORTLER, Christine SCHNEIDER, Herbert DORFMANN

Draft opinion
Paragraph 2

2. Stresses that the Connecting Europe Facility (CEF) ~~is a key enabler for~~contributes to delivering the Green Deal, providing up to 80 % of its funding in transport to meet climate objectives; ~~insists on a strong CEF and warns that financing the Sustainable Europe Investment Plan (SEIP) must not lead to financial reallocation that negatively affects the CEF;~~

Amendment 40 #

Draft opinion
Paragraph 3 a (new)

3a. Points to crisis-resilient domestic production of renewable raw materials and renewable energy and, in order to implement and continue to press on with the EU's Bio-economy Strategy, calls for the establishment of a timber construction offensive and a renovation offensive focusing on the use of domestic renewable raw materials and sustainable renewable energies;

Amendment 41 #

Irène TOLLERET, Ulrike MÜLLER

Draft opinion
Paragraph 2

2. Stresses that the Connecting Europe Facility (CEF) is a key enabler for ~~delivering the Green Deal~~contributing to the EU's and its Member States' climate objectives, providing up to 80 % of its funding in transport to meet climate objectives; insists on a strong CEF and warns that financing the Sustainable Europe Investment Plan (SEIP) must not lead to financial reallocation that negatively affects the CEF;

Amendment 41 #

Marlene MORTLER, Peter JAHR, Norbert LINS, Lena DÜPONT, Christine SCHNEIDER, Herbert DORFMANN, Simone SCHMIEDTBAUER

Draft opinion
Paragraph 3 a (new)

3a. Calls for increasing ecological requirements always to be offset financially; points out that unilateral conditions benefit neither European agriculture nor the environment if they result in the relocation of European food production to third countries;

Amendment 42 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 2

2. Stresses that the Connecting Europe Facility (CEF) is a key enabler for ~~delivering~~completing the TEN-T network and in achieving the goals of the Green Deal, providing up to 80 % of its funding in transport to meet climate objectives~~; insists on a strong CEF and warns that financing the Sustainable Europe Investment Plan (SEIP) must not l~~ through the promotion of sustainable infrastructure projects, multimodality, rail freight transport, innovative and digital actions such as telematics applications systems and the deployment of alternative fuels; insists on the need to have a stronger CEF budget to support a readl t~~o financial reallocation that negatively affects the CEF~~ransition towards smart, sustainable and safe mobility in the EU; considers that the inclusion of a specific investment pillar on synergies under CEF programme would accelerate the transition towards climate neutrality;

Amendment 42 #

Draft opinion
Paragraph 3 a (new)

3a. Stresses the need to enforce the general principle of gender equality in the context of the CAP measures aimed at achieving the objectives of the Green Deal, in order to guarantee the ecological transition of women farmers;

Amendment 43 #

Draft opinion
Paragraph 2

2. Stresses that the Connecting Europe Facility (CEF) is a key enabler for delivering the Green Deal, providing up to 80 % of its funding in transport to meet climate objectives; insists on a strong CEF and warns that financing the Sustainable Europe Investment Plan (SEIP) must not lead to financial reallocation that negatively affects the CEF taking into account that investments for the recovery of the transport and tourism sectors following the COVID-19 pandemic should be the priority;

Amendment 43 #

Draft opinion
Paragraph 3 b (new)

3b. Recalls the Court of Auditors’ findings that climate accounting in the current CAP is inaccurate, and that, likewise, the Commission’s estimate of the future CAP’s contribution to environmental and climate targets appears unrealistic1a;stresses that CAP measures must be shown to be genuinely positive for climate, supported by scientific evidence, in order to be counted as such; _________________ 1a Opinion 7/2018, European Court of Auditors, paragraph 3

Amendment 44 #

Draft opinion
Paragraph 2 a (new)

2 a. Calls for allocation of HorizonEU funds for research and development (R&D) dedicated to transport sector, in particular for alternative fuels solutions, batteries and components for electric cars, alternative technologies for rolling-stock.

Amendment 44 #

Draft opinion
Paragraph 3 c (new)

3c. Notes the findings of the European Court of Auditors report 13/2020, that the tracking of CAP spending benefiting biodiversity has methodological weaknesses; notes further that the Commission's evaluation report1b of November 2019 likewise identifies a lack of monitoring data as an obstacle to proper evaluation of the impact of several CAP instruments and measures, as well as their net impact; calls for the revision of biodiversity budgetary tracking, supported by scientific evidence, and in particular the further development of farmland biodiversity indicators, to assess the impact of CAP instruments; reiterates its call on the Commission and the Council to set a clear spending target for biodiversity mainstreaming of at least 10 % in the MFF, in addition to the spending target on climate mainstreaming1a; _________________ 1aEuropean Parliament resolution of 16 January 2020 on the 15th meeting of the Conference of Parties (COP15) to the Convention on Biological Diversity 1b European Commission DG AGRI, Evaluation of the Impact of the CAP on biodiversity, landscapes, habitats (Alliance Environnement) AGRI - 2018 - 0492 https://ec.europa.eu/info/sites/info/files/fo od-farming- fisheries/key_policies/documents/ext-eval- biodiversity-final-report_2020_en.pdf

Amendment 45 #

Draft opinion
Paragraph 2 a (new)

2 a. Calls the European Commission to take into account the jobs losses that may occur with the reconversion of the tourism and transport sector. Strongly encourages the Commission to work together with member states to ensure that workers' interests and social rights are protected;

Amendment 45 #

Draft opinion
Paragraph 3 d (new)

3d. Notes the Commission’s own assessment, that proposals for the new CAP would only be compatible with the European Green Deal ambition under certain conditions, most notably an ambitious system of conditionality, and sufficient and efficient spending on mandatory ecoschemes, and an adequate no back-sliding principle; calls for the Commission to come forward with a list of ecoschemes to ensure common high ambition and efficacy; calls for the Commission to provide tailored recommendations on the CAP objectives to each Member State before submission of the draft Strategic Plans, then and undertake full ex ante assessment of the draft Strategic Plans;

Amendment 46 #

Draft opinion
Paragraph 2 b (new)

2 b. Calls for a road-map for the reduction of emissions of the automotive industry and the vehicles it produces, based on R&D and technological capabilities. This road-map should also include a dedicated European program for recycling of vehicles.

Amendment 46 #

Draft opinion
Paragraph 3 e (new)

3e. Stresses the need for coherence between the first and second pillars of the CAP, to guarantee efficient use of public money in support of the objectives of the European Green Deal; calls for the Commission to ensure, in particular, that Member States' Strategic Plans deliver increased environmental and animal welfare ambitions, in particular in the first pillar, based on strong conditionality requirements and ambitious ecoschemes, and thorough screening of the climate, environmental and animal welfare impact of voluntary coupled support;

Amendment 47 #

Draft opinion
Paragraph 3

3. Points out that transport projects require large-scale investment and therefore, that in order to attract investors, legal certainty and stable targets are crucial; stresses that the investments made so far must not be put at risk by shifting funding conditions and expects the SEIP to provide a realistic and future-proof support framework for investmentstowards decarbonisation are crucial in line with the EU's commitments under the Paris agreement; stresses that investments that undermine the achievement of EU's climate goals must not be realised in order to avoid a lock-in effect;

Amendment 47 #

Draft opinion
Paragraph 3 f (new)

3f. Stresses the relevance of animal welfare in various aspects of the Green Deal, and considers that improved animal welfare can lead to, inter alia, parallel improvements in tackling antimicrobial resistance, reduced environmental impact of production, particularly water pollution, and opportunities for rural development via a shift away from intensive modes of production; highlights likewise that animal welfare remains a key concern of citizens, particularly regarding welfare of farmed animals1a; _________________ 1aEuropean Commission (2016), Special Eurobarometer 442; Attitudes of Europeans to animal welfare https://data.europa.eu/euodp/en/data/data set/S2096_84_4_442_ENG

Amendment 48 #

Draft opinion
Paragraph 3

3. Points out that t~~ransport project~~o be effective transport projects can but do not always require large-scale investment and therefore, that in order to attract investors, legal certainty and stable targets are crucial; stresses that the investments made so far must not be put at risk by shifting funding conditions unless these investments go against the ‘do no harm’ principle; and expects the SEIP to provide a realistic and future-proof support framework for investments; that is fully in line with the Paris agreement’s goal of keeping temperature increases to below 1.5 degrees Celsius;

Amendment 48 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, István UJHELYI, César LUENA

Draft opinion
Paragraph 3 g (new)

3g. Welcomes the development of the Regulation on establishment of a framework to facilitate sustainable investment, and related secondary legislation, which provides an enabling framework to verify truly sustainable investments; calls for the EU taxonomy to be applied to screen investments under the EAFRD;

Amendment 49 #

Draft opinion
Paragraph 3

3. Points out that transport projects require large-scale investment and therefore, that in order to attract investors, legal certainty ~~and~~, stable targets and availability of information are crucial; stresses that the investments made so far must not be put at risk by shifting funding conditions and expects the SEIP to provide a realistic and future-proof support framework for investments and to ultimately ensure the continuity of projects in the most efficient and effective way;

Amendment 49 #

Michaela ŠOJDROVÁ

Draft opinion
Paragraph 4

4. Points out that the recent COVID- 19 outbreak has revealed the strategic role that agriculture plays in providing safe and high-quality food at affordable prices; insists that efforts made by EU farmers to produce food more sustainably must not be undermined by the import of products from third countries that do not meet the EU’s food safety, environmental protection, animal welfare and social standards; Recalls the need to learn from the COVID 19 crisis, especially in strategic areas. Therefore proposes to coordinate at EU level the building of strategic capacity in the EU to provide staple food in the event of any crisis. SEIP should be used for this purpose.

Amendment 5 #

Henna VIRKKUNEN, Tom BERENDSEN

Amendment 5 #

Draft opinion
Paragraph 1

1. Expects that under the future multiannual financial framework (MFF), the contribution to the agricultural and rural development domain will be maintained at least at current levels; insists that, in order to reach the ambitious green targets, any additional measures relating to the green transition be financed with fresh money and additional EU own resources;

Amendment 50 #

Maria GRAPINI, Isabel GARCÍA MUÑOZ, Petar VITANOV, Rovana PLUMB, César LUENA

Draft opinion
Paragraph 3

3. Points out that transport and tourism projects require large-scale investment and therefore, that in order to attract investors, legal certainty and stable targets are crucial; stresses that the investments made so far must not be put at risk by shifting funding conditions and expects the SEIP to provide a realistic, fair and future-proof support framework for investments in all Member States;

Amendment 50 #

Draft opinion
Paragraph 4

4. Points out that the recent COVID- 19 outbreak has revealed the strategic role that agriculture plays in providing safe and high-quality food at affordable prices and kept the sector running, avoiding any food crisis; underlines the crucial role of the 'vital workers' in the agriculture and food processing sector during the crisis and insists that these workers shall benefit from proper and safe working conditions; insists that efforts made by EU farmers to produce food more sustainably must not be undermined by the import of products from third countries that do not meet the EU’s food safety, environmental protection, animal welfare and social standards.

Amendment 51 #

Draft opinion
Paragraph 3

3. Points out that transport projects require large-scale investment and therefore, that in order to attract investors, legal certainty and stable targets are crucial; highlights how administrative procedures growing in number and complexity for the realisation of transport projects lead to increased costs and delays, hampering the EU transport network as a whole; stresses that the investments made so far must not be put at risk by shifting funding conditions and expects the SEIP to provide a realistic and future-proof support framework for investments;

Amendment 51 #

Draft opinion
Paragraph 4

Amendment 52 #

Draft opinion
Paragraph 3

3. Points out that transport projects require large-scale investment and therefore, that in order to attract investors, legal certainty and stforeseeable targets are crucial; stresses that the investments made so far must not be put at risk by shifting funding conditions and expects the SEIP to provide a realistic and future-proof support framework for investments;

Amendment 52 #

Carmen AVRAM, Tonino PICULA, Pina PICIERNO, Juozas OLEKAS, Ivo HRISTOV, Attila ARA-KOVÁCS, Paolo DE CASTRO, Marc TARABELLA

Draft opinion
Paragraph 4

4. Points out that the recent COVID- 19 outbreak has revealed the strategic role that agriculture plays in providing safe and high-quality food at affordable prices; insists that efforts made by EU farmers to produce food more sustainably must not be undermined by the import of products from third countries that do not meet the EU’s food safety, environmental protection, animal welfare and social standards.EU’s food safety, environmental conditionality, animal welfare and social standards apply fully to the import of products from third countries, completing the efforts made by EU farmers to produce food more sustainably;

Amendment 53 #

Draft opinion
Paragraph 3 a (new)

3 a. Stresses the need for intervention to support public transport networks and fleets at a local and regional level as an effective tool for the transition and towards low emission mobility, while promoting modal shift especially in metropolitan centres and connectivity in rural areas;

Amendment 53 #

Ivo HRISTOV

Draft opinion
Paragraph 4 a (new)

4а. Considers that in order to achieve the objectives of the Green Deal at European level and to promote them at international level, the Commission must conduct an assessment of agricultural product import tariff quotas and propose an increase in these for countries that have not applied, or made provision to apply in the foreseeable future, standards and requirements in respect of their agricultural producers that are comparable with those in the EU;

Amendment 54 #

Draft opinion
Paragraph 3 a (new)

3 a. Calls for investment in digitalization in particular for development and deployment of Intelligent Transport System (ITS), Vessel Traffic Monitoring and Information Systems (VTMIS), River Information Services (RIS) and the European Rail Traffic Management System (ERTMS).

Amendment 54 #

Draft opinion
Paragraph 4 a (new)

4a. Welcomes the ambition set out in the Farm to Fork Strategy to develop minimum mandatory criteria for sustainable food procurement, to align the use of public funds with the Green Deal; calls for greater integration of nutrition and health concerns in public procurement of food.

Amendment 55 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 3 a (new)

3 a. Highlights the importance of the Green Deal being accompanied by a just, inclusive and non-discriminatory transition to ensure the transport sector’s businesses, SMEs and workforce can adjust, and to support the regions and communities most affected; considers it important to have EU proper funding schemes for this adjustment process, including incentives for sustainable investment, as well as training and equipping the sector’s workforce with new expertise for new job prospects, requirements and skills;

Amendment 55 #

Dan-Ştefan MOTREANU

Draft opinion
Paragraph 4 a (new)

4a. Stresses the importance of funding research and innovation seeking to identify green alternative transition technologies and believes that all farmers, including small farmers, must have access to them.

Amendment 56 #

Draft opinion
Paragraph 3 a (new)

3 a. Considers that the EU must ensure that Member States have the means to invest in the ecological transition of their productive apparatus, in their environmental and mobility aspects;

Amendment 56 #

Marlene MORTLER, Peter JAHR, Norbert LINS, Lena DÜPONT, Christine SCHNEIDER, Herbert DORFMANN, Simone SCHMIEDTBAUER

Draft opinion
Paragraph 4 a (new)

4a. Calls on the Commission to ensure that there are adequate external safeguards for sensitive agricultural products and states that, in the process, the high standards within food production in the EU must be clearly demonstrated to consumers;

Amendment 57 #

Draft opinion
Paragraph 3 b (new)

3 b. Considers that strengthening the EU budget is crucial, reinforcing its redistributive function in supporting the promotion of effective convergence in economic and social progress between Member States - structural and investment and cohesion funds - and in support of productive sectors and employment with rights, through grants (not loans) to Member States; particularly and in view of the current moment, where Member States are suffering the economic and social consequences of the COVID-19 pandemic;

Amendment 57 #

Ruža TOMAŠIĆ

Draft opinion
Paragraph 4 a (new)

4a. Insists on the need to provide additional financial resources beyond the Common Agricultural Policy (CAP) envelope for farmers' claims arising as a result of the COVID-19 crisis or other crisis situations;

Amendment 58 #

Draft opinion
Paragraph 3 c (new)

3 c. Calls for a significant increase in items linked to economic, social and territorial cohesion, so that the redistributive principle is fully complied with; considers that only in this way can the EU ensure that MS have the means to invest in the ecological transition; considers that this reinforcement should be achieved by increasing Member States' contributions based on their gross national income, reinforcing, through the redistribution key, the principle that Member States with the highest GNI should contribute proportionally more, contributing for effective economic and social cohesion, rather than increasing divergence in the European Union;

Amendment 58 #

Marlene MORTLER, Peter JAHR, Norbert LINS, Lena DÜPONT, Christine SCHNEIDER, Herbert DORFMANN, Simone SCHMIEDTBAUER

Draft opinion
Paragraph 4 b (new)

4b. Calls on the Commission to ensure that, under both the Farm-to-Fork Strategy and future climate policy, European agriculture is recognised as a sector of systemic importance and that security of supply, as a stability factor, is sufficiently taken into account and kept in mind at all times.

Amendment 59 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Elsi KATAINEN, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 4

4. Stresses that to ensure sufficient investment in sustainable transport infrastructure, it is essential that all relevant EU funds (the CEF, InvestEU, the European Structural and Investment Funds, etc.) and European Investment Bank lending are ~~tailored to the specific needs~~subject to climate proofing frameworks based on the goals of the Paris agreement and the climate neutrality goal by 2050 and tailored to the specific needs of enhancing the sustainable transition of the sector and that the Member States commit to proper funding;

Amendment 6 #

Draft opinion
Recital A a (new)

A a. whereas the EU needs to enable its transport industry to maintain its competitiveness and capacity to invest in Europe and make the transition to sustainable mobility a reality, thereby creating jobs and know-how in the EU;

Amendment 6 #

Clara AGUILERA

Draft opinion
Paragraph 1

1. Expects that under the future multiannual financial framework (MFF), the contribution to the agricultural and rural development domain will be maintained at least at current levels; insists that any additional measures relating to the green transition be financed with fresh money and additional EU own resources;

Amendment 60 #

Draft opinion
Paragraph 4

Amendment 61 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI

Draft opinion
Paragraph 4

4. Stresses that to ensure sufficient investment in sustainable transport infrastructure, it is essential that all relevant EU funds (the CEF, InvestEU, the European Structural and Investment Funds, etc.) and European Investment Bank lending are tailored to the specific needs of the transport sector and that the Member States commit to proper funding; highlights that synergies across relevant Union programmes in areas such as transport, energy and digitalisation could be key to accelerate the advancement towards the development of smart and sustainable mobility at EU level;

Amendment 62 #

Draft opinion
Paragraph 4

Amendment 63 #

Draft opinion
Paragraph 4

4. Stresses that to ensure sufficient investment in sustainable transport infrastructure, it is essential that all relevant EU funds (the CEF, InvestEU, the European Structural and Investment Funds, etc.) and European Investment Bank lending are tailored to the specific needs of the sector and that the Member States commit to proper funding which should be tailored according to each Member State 's economic situation and measures and incentives should be proposed at European level for countries in need;

Amendment 64 #

Draft opinion
Paragraph 4

4. Stresses that to ensure sufficient investment in sustainable transport infrastructure, it is essential that all relevant EU funds (the CEF, InvestEU, the European Structural, Horizon Europe, and Investment Funds, etc.) and European Investment Bank lending are tailored to the specific needs of the sector and that the Member States commit to proper funding; Asks the European Commission for clear guidelines on how and where Member States can use investments; Ask the European Commission for periodic supervision of the financed projects, in order to ensure that they comply with the principles established in the Green Deal.

Amendment 65 #

Maria GRAPINI, Isabel GARCÍA MUÑOZ, Petar VITANOV, Rovana PLUMB, César LUENA

Draft opinion
Paragraph 4 a (new)

4 a. Believes that Member States must receive financial support according to their specific needs in order to be able to create the necessary infrastructure to achieve climate and connectivity goals, so that no one and no region is left behind;

Amendment 66 #

Isabel GARCÍA MUÑOZ, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, César LUENA

Draft opinion
Paragraph 4 a (new)

4 a. Considers that adaptation of infrastructure to new mobility patterns and types of vehicles should be a priority. The EU should encourage automation and sustainability of road transport, including freight transport. Calls for a road-map for road infrastructure aligned with the automotive industry emission- reduction road-map.

Amendment 67 #

Draft opinion
Paragraph 4 a (new)

4 a. Underlines that the reform of EU own resources system would have immediate economic and policy benefits as of 2021; asks the European Commission to put forward concrete legislative proposals on EU's new own resources system, including among others, the extension of the Emissions Trading System to the maritime and aviation sectors and the establishment of a Carbon Border Adjustment Mechanism; suggests these new EU sources of revenue could be redirected to achieve the goals set by the European Green Deal, such as accelerating the shift to sustainable and smart mobility;

Amendment 68 #

Draft opinion
Paragraph 4 a (new)

4 a. Recalls that the proposed new funds, within the scope of the European Green Deal, must provide for a territorial dispersion of investments (from agricultural and industrial production to energy production hubs), guaranteeing territorial cohesion and a balanced occupation of the territory, promoting convergence and avoiding the divergence between Member States;

Amendment 69 #

Draft opinion
Paragraph 4 b (new)

4 b. Acknowledge that the navigability of European inland waterways needs significant improvements. Calls for dedicated financing needs to be set up in several funding instruments, such as the Connecting Europe Facility, Cohesion Funds, or with the participation of the European Investment Bank.

Amendment 7 #

Draft opinion
Recital A a (new)

A a. Whereas transport is a fundamental part of the EU internal market and plays an important role in the economic, social and territorial cohesion of the EU, especially in peripheral, rural, insular and outermost regions.

Amendment 7 #

Draft opinion
Paragraph 1

1. Expects that under the future multiannual financial framework (MFF), the contribution to the agricultural and rural development domain will be maintained at least at current levels; insists that any additional measures relating to the green transition be financed with fresh money and additional EU own resources;

Amendment 70 #

Draft opinion
Paragraph 4 c (new)

4 c. Calls for support of the IMO’s ‘Initial Strategy’ and a clear strategy, including benchmarks for reducing emissions rules, for the EU maritime sector.

Amendment 71 #

Draft opinion
Paragraph 5

5. Considers that the EU and the Member States ~~already~~do not have at their disposal s~~everal~~ufficient tools for ensuring that the transport sector contributes to decarbonisation; strongly believes in this respect that the ~~Member States should earmark revenue from taxes or fees and the EU Emissi~~European Commission should propose the expansion of current tools such as the ETS and propose new ones ~~Trading System related to transport to~~such as a border adjustment carbon tax in line with the "polluter pays" principle to further reduce emissions and foster investment in the sustainability of the relevant transport modes;

Amendment 72 #

Henna VIRKKUNEN

Draft opinion
Paragraph 5

5. Considers that the EU and the Member States already have at their disposal several tools for ensuring that the transport sector contributes to decarbonisation; ~~strongly believe~~Calls ion th~~is respect that the Member States should earmark revenue from taxes or fees and the EU Emissions Trading System related to transport~~e Member States to foster investment in the sustainability of the relevant transport modes;

Amendment 73 #

Draft opinion
Paragraph 5

5. Considers that the EU and the Member States already have at their disposal several tools for ensuring that the transport sector contributes to decarbonisation; strongly believes in this respect that the Member States should earmark revenue from taxes or fees and the EU Emissions Trading System related to transport to foster investment in the sustainability of the relevant transport mod, namely through Structural and Investments Funds, taking into account that these funds must be strongly reinforced, the access to them should be more flexible and less conditional to Member-States and that they should work more in favour of strategic interests of regions (namely the sustainable development of the transport sector) than of the EU objetives;

Amendment 74 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, István UJHELYI, César LUENA

Draft opinion
Paragraph 5

5. Considers that the EU and the Member States already have at their disposal several tools ~~for ensuring that~~that encourage the transport sector to contributes to decarbonisation; ~~strongly believes in this respect that the~~however stresses that these are highly insufficient to ensure the sector's compliance with the goals of the Green Deal and climate neutrality by 2050; strongly believes in this respect that, amongst other measures, the aviation and maritime sector need to be included in the EU Emissions Trading System and that Member States should earmark revenue from taxes or fees and the EU Emissions Trading System related to transport to foster investment in the sustainability of the relevant transport modes;

Amendment 75 #

Draft opinion
Paragraph 5

5. ~~Considers that~~Encourages the EU and the Member States ~~already have~~to maximize the use of the available tools at their disposal ~~several tools~~ for ensuring that the transport sector contributes to decarbonisation; strongly believes in this respect that the Member States should earmark revenue from taxes or fees and the EU Emissions Trading System related to transport to foster investment in the sustainability of the relevant transport modes;

Amendment 76 #

Draft opinion
Paragraph 5

Amendment 77 #

Amendment 78 #

Draft opinion
Paragraph 5

5. Considers that the EU and the Member States already have at their disposal several tools for ensuring that the transport sector contributes to decarbonisation; ~~strongly~~ believes in this respect that the Member States shcould earmark where possible revenue from taxes or fees and the EU Emissions Trading System related to transport to foster investment in the sustainability of the relevant transport modes;

Amendment 79 #

Maria GRAPINI, Isabel GARCÍA MUÑOZ, Petar VITANOV, Rovana PLUMB, César LUENA

Draft opinion
Paragraph 5

Amendment 8 #

Draft opinion
Recital A a (new)

A a. Whereas the COVID-19 pandemic lead to an unprecedented economic crisis through the Union that needs to be dealt with before any other long term investments are planned;

Amendment 8 #

Anne SANDER

Draft opinion
Paragraph 1

Amendment 80 #

Draft opinion
Paragraph 5 a (new)

5 a. Calls for the expansion of the Connecting Europe Facility for Transport in the context of the TEN-T policy into Eastern Europe; calls for revision of the TEN-T network in order to further develop north-south links in Eastern Europe; calls for the inclusion of the Western Balkans in the TEN-T network; strongly believes that such an expansion will increase sustainability;

Amendment 81 #

Draft opinion
Paragraph 5 a (new)

5 a. Considers that a revision of state aid rules for airports is also necessary, to reduce the number of multi-leg flights between European destination, thereby significantly plummeting emissions and travel time, while increasing efficiency.

Amendment 82 #

Draft opinion
Paragraph 5 b (new)

5 b. Call for a parallel evaluation of using ETS in transport or applying legislative measures including benchmarks for implementation of new sustainable technologies.

Amendment 83 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, István UJHELYI, César LUENA

Draft opinion
Paragraph 6

6. Calls on the Commission to boost ~~the use of I~~public investEUment for transport and tourism.

Amendment 84 #

6. Calls on the Commission to boost the use of InvestEU for ~~transport and tourism.~~suistainable transport infraestructure and tourism; welcomes the recent budget increase of InvestEU programme proposed in the New Generation EU; considers it a key opportunity to provide smart investment and support Union policies such as the shift to smart and sustainable mobility within the European Green Deal by promoting sustainable infrastructures projects and by giving crucial support to companies, SMEs, investors and workers of the transport sector;

Amendment 85 #

Maria GRAPINI, Isabel GARCÍA MUÑOZ, Petar VITANOV, Rovana PLUMB

Draft opinion
Paragraph 6

6. Calls on the Commission to boost the use of InvestEU for further developing transport and tourism in full respect of environmental and social standards.

Amendment 86 #

Draft opinion
Paragraph 6

6. Calls on the Commission to boost the use of InvestEU for t~~ransport and~~ he development of all types of transport and the promotion of tourism.

Amendment 87 #

Draft opinion
Paragraph 6

6. Calls on the Commission to boost the use of InvestEU for transport and tourism. Reiterates that the provisional agreement on the regulation setting up the InvestEU Programme contains a general provision - applicable to all transport-related financing - ensuring that "Projects that are inconsistent with the achievement of the climate objectives shall not be eligible for support" and that financing and investment operations "shall be screened to determine if they have an environmental, climate or social impact and if so, shall be subject to climate, environmental and social sustainability proofing"

Amendment 88 #

Draft opinion
Paragraph 6 a (new)

6 a. Considers that cost-benefit analyses for transport projects must no longer be focussed on short-term economic analyses but on the comprehensive understanding of all short- and long-term external costs, guided by the recent study on externalities and cost internalisation commissioned by the Commission, which revealed that the overall size of transport external costs is estimated to be close to EUR 1 000 billion annually. 1a _________________ 1aStudy on Sustainable Transport Infrastructure Charging and Internalisation of Transport Externalities (https://ec.europa.eu/transport/themes/sus tainable-transport/internalisation- transport-external-costs_en).

Amendment 89 #

Draft opinion
Paragraph 6 a (new)

6 a. Calls on the European Commission to work closely with the Member States, and to take into account the specificities of the Outermost Regions, in order to guarantee a minimization of the negative effects with the conversion of the tourism and transport sector;

Amendment 9 #

Draft opinion
Recital A a (new)

A a. Whereas investment in public transports and in the shift of the mobility paradigms (from private to public and light transports) are key to tackle the impacts of the transport sector in the climate change; whereas the European Green Deal Communication doesn't have any reference to public transports;

Amendment 9 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 1 a (new)

1a. Acknowledges the achievements so far of the CAP related to the environmental and climate performance; stresses that the post-2020 CAP represents an enhanced environmental and climate ambition which is reflected in each CAP Strategic Plan of EU-27; calls on the Commission that given this higher level of ambition of the new CAP any new agricultural related climate-neutral objective of the Green Deal should be separated from the ongoing CAP negotiations bearing in mind not only its financial impact but the impact on food security;

Amendment 90 #

Draft opinion
Paragraph 6 a (new)

6 a. Welcomes the incorporation of the new strategic European investment policy window in InvestEU programme; highlights it comprises key investment opportunities to activities within the EU of strategic importance, particularly in view of the green and digital transitions and of enhanced relisilience; considers this smart investment should incentivise European industrial leadership in strategic sectors and key value chains such as transport and logistics, including the aeronautical industry, as well as in the development of telematics application systems such as ERTMS; stresses the new strategic European investment policy window should also support activities related to sustainable and social inclusiveness as well as social resilience and employment initiatives in EU strategic sectors;

Amendment 91 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Jan-Christoph OETJEN, Dominique RIQUET, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 6 a (new)

6 a. calls on the Commission to include in the Just Transition Mechanism appropriate means to support the reconversion of industries whose finished products are incompatible with the target of a carbon-neutral Union;

Amendment 92 #

Dorien ROOKMAKER

(1) Notes the risk of lack of control of the Sustainable Europe Investment Plan due to the large sums involved and the many entities managing different types of projects and programs. Stresses the need for adequate control and therefore the importance of timely (t+1) reporting on all investments involved to increase the ability to monitor progress adequately by adding a structural control loop (PDCA).

Amendment 93 #

Dorien ROOKMAKER

Draft opinion
Paragraph 6 – point 2 (new)

(2) Stresses the importance of a complete and working passenger rail network for the EU and the Green Deal and asks the Commission to allocate sufficient funding to connect all major cities in Europe. Notes the importance of central coordination of a programme to establish a complete, working, affordable passenger rail network in the EU for all citizens of all member states. Understands that financing one well managed programme for creating a European rail network is preferable to a lot of small rail projects that do not contributed to interconnectivity and Green Deal objectives.

Amendment 94 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Dominique RIQUET, Søren GADE

Draft opinion
Paragraph 6 b (new)

6 b. urges the Commission to provide clarity for investors by setting out the resources for each instrument of the SIEP for the entire MFF period and by establishing the EU-wide sustainability taxonomy by the end of 2020; acknowledges however that investments in transitional forms of fuels that do not significantly harm the environment (such as (bio-)liquefied natural gas) as an investment that contributes to the goal of climate-neutral mobility. This corresponds to funding for a just transition across all EU regions;

Amendment 95 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 b (new)

6 b. Sustainable transport modes and sustainable mobility plans

Amendment 96 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Dominique RIQUET, Pierre KARLESKIND, Søren GADE

6 c. stresses that flexible state aid rules are needed for the transition towards a climate-neutral transport and logistics sector (e.g. for green hydrogen projects), without disproportionately distorting the level playing field within Europe; urges the Commission to provide clarity on state support for sustainable transport projects;

Amendment 97 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 c (new)

6 c. Stresses that the percentual increase in EU rail and maritime freight transport, as defined in the European Green Deal, needs of a concrete EU investment plan and EU concrete measures to manage better and to increase the capacity of railways and inland waterways; in the case of rail freight transport, it is crucial to count with financing for the maintenance and upgrading of the EU rail infrastructure, the elimination of bottlenecks, the bridging of missing links and the promotion of interoperability at EU level; maritime freight transport needs investment in research into new technologies to descarbonise the sector and in the development of zero-emission and green ships;

Amendment 98 #

Isabel GARCÍA MUÑOZ, Johan DANIELSSON, Petar VITANOV, Vera TAX, Inma RODRÍGUEZ-PIÑERO, Kathleen VAN BREMPT, Maria GRAPINI, Rovana PLUMB, István UJHELYI, César LUENA

Draft opinion
Paragraph 6 d (new)

6 d. Highlights the key role of the European Union Agency for Railways (ERA) and the Shift2RailJoint Undertaking in achieving a lasting shift from road to rail as established in the European Green Deal; stresses that the Shift2Rail undertaking plays a key role in overcoming technical obstacles and driving forward interoperability, with the aim, ultimately, of making rail transport cheaper, more efficient and more attractive contributing to reducing accidents and CO2 emissions; calls on the importance to increase the EU investment in ERA and the Shift2Rail in order to advance in the establishment of the Single European Railway Area;

Amendment 99 #

Caroline NAGTEGAAL, Izaskun BILBAO BARANDICA, José Ramón BAUZÁ DÍAZ, Nicola DANTI, Jan-Christoph OETJEN, Dominique RIQUET, Pierre KARLESKIND, Søren GADE

Draft opinion
Paragraph 6 d (new)

6 d. urges the Commission to accelerate and prioritize investments for infrastructural projects that are being executed: such as clean hydrogen, innovation in high-speed rail transport and inland waterway shipping, while mainstreaming mitigation and adaptation measures;

source: 653.808

2020/07/03 BUDG, ECON 572 amendments...

Amendment 1 #

Motion for a resolution
Citation 2 a (new)

- having regard to the Paris Agreement,

Amendment 10 #

Motion for a resolution
Citation 14 c (new)

- having regard to United Nations- supported Principles for Responsible Investment, Principles for Responsible Banking and Principles for Sustainable Insurance,

Amendment 100 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN, Hélène LAPORTE

Motion for a resolution
Paragraph 3

3. Stresses that ~~the success of the~~ EU’s aim to achieve climate neutrality ~~will depend on the adequacy of the financing~~must be reached with the lowest social and economic impact;

Amendment 101 #

Motion for a resolution
Paragraph 3 a (new)

3a. Notes that all sectors of the EU economy will be impacted by the transition towards a green economy and insists that the path to climate neutrality should boost the competitiveness of the European economy and result in a net surplus of sustainable, high quality jobs in the Union; believes that the Green Deal presents an opportunity both for our economy and our citizens if adequately implemented;

Amendment 102 #

Motion for a resolution
Paragraph 3 a (new)

3a. Considers the transition to a climate-neutral economy as an opportunity to strengthen the EU's competitiveness in the world; recognises that the transition towards a climate- neutral economy might require a revision of European rules on state aid, mergers, and procurement; thereby stresses the importance of safeguarding the EU level playing field at all times;

Amendment 103 #

Motion for a resolution
Paragraph 3 a (new)

3a. Welcomes the Commission’s amended MFF proposal of 27 and 28 May, including the communication entitled ‘Europe’s moment: Repair and Prepare for the Next Generation’, with its provision to increase funding for the Common Agricultural Policy in comparison to the previous MFF proposal;

Amendment 104 #

Jessica POLFJÄRD, Markus FERBER, Lídia PEREIRA, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE

Motion for a resolution
Paragraph 3 a (new)

3a. Considers it essential that the SEIP provides for and enables additional investment with real added value and does not crowd out market financing;

Amendment 105 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 3 a (new)

3a. Recalls that Article 311 TFEU prohibits the EU from contracting debt; underlines that issuing debt is a defining feature of sovereign states;

Amendment 106 #

Motion for a resolution
Paragraph 3 b (new)

3b. Stresses that this increased funding is essential for delivering on the proposed objectives and ambition of the future CAP, achieving the Green Deal objectives in agriculture to strengthen the resilience of the agri-food sectors and to ensure sustainable food production which depends not only on a well-funded CAP but also on other MFF instruments such as research, investment in innovation or digital technology and the facilitation of farmer’s and the agri-food sector’s access to them;

Amendment 107 #

Motion for a resolution
Paragraph 3 b (new)

3b. Notes that on the path to achieving climate neutrality Member States’ starting points differ; in this respect, considers that the SEIP should leave nobody behind and should focus, where necessary, on reducing disparities between Member States and regions as regards the achievement of climate neutrality objectives;

Amendment 108 #

Motion for a resolution
Paragraph 3 b (new)

3b. Underlines that in order for the European Green Deal to be successful, European producers of sustainable products and services need to see the advantages of it and not face unfair competition from companies in third countries;

Amendment 109 #

Jessica POLFJÄRD, Markus FERBER, Lídia PEREIRA, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE

Motion for a resolution
Paragraph 3 b (new)

3b. Emphasises that the transition cannot be done simply with public funds; calls on the Commission when developing the SEIP to encourage and enable private investments;

Amendment 11 #

Motion for a resolution
Citation 14 d (new)

- having regard to IMF 2019 report which found that global fossil fuel subsidies constituted 6.3 percent of global GDP in 2015, while efficient fossil fuel pricing in 2015 would have lowered global carbon emissions by 28 percent and fossil fuel air pollution deaths by 46 percent, and increased government revenue by 3.8 percent of GDP1a and noting that European Union and 11 Member States have spent at least 112 bn EUR per year in fossil fuels subsidies between 2014 and 20161b , __________________ 1a https://www.imf.org/en/Publications/WP/I ssues/2019/05/02/Global-Fossil-Fuel- Subsidies-Remain-Large-An-Update- Based-on-Country-Level-Estimates-46509 1b http://www.caneurope.org/publications/bl ogs/1471-report-phase-out-2020- monitoring-europe-s-fossil-fuel-subsidies

Amendment 110 #

Jessica POLFJÄRD, Markus FERBER, Lídia PEREIRA, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE

Motion for a resolution
Paragraph 3 c (new)

3c. Underlines that, even with ambitious funding, the available funds will not be unlimited; calls on the Commission to establish a robust framework for reporting and monitoring to ensure that spending has a real impact;

Amendment 111 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of the surprisingly round amount of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis and seemingly completely arbitrary nature of that number; requests the Commission to ensure full transparency on equity and debt financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts and the no debt clause of Article 311 TFEU; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets;

Amendment 112 #

Paul TANG, Sirpa PIETIKÄINEN, Manon AUBRY, Carmen AVRAM, Evelyn REGNER, Joachim SCHUSTER, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets; regrets that the SEIP alone will not be sufficient to finance the objectives of the Green Deal and that additional investments will have a decisive role in the success of the Green Deal; calls on the Commission and EU Member States to come forward with plans that explain how they will bridge the considerable investment gap with both private and public investments;

Amendment 113 #

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets; is anxious that this funding should directly benefit local stakeholders, SMEs, craftsmen, traders and consumers, thereby encouraging them to adopt a different approach;

Amendment 114 #

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets; calls on the Commission to revise the SEIP's architecture and figures so as to incorporate the expected increases in the ambition of the climate, energy and environmental goals for 2030;

Amendment 115 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Paul TANG, Billy KELLEHER

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets; underlines that the SEIP is an EU long-term goal and cannot be undermined by lower MFFs in the future that would allocate a large part of money to the repayment of the borrowing;

Amendment 116 #

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis and stresses the inherent problems of depending on the mobilisation of private finance for existential crises; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets;

Amendment 117 #

Pierre LARROUTUROU, Aurore LALUCQ

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; calls on the Commission to evaluate the need for changes in the SEIP as a result of this new outlook; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets;

Amendment 118 #

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently ~~constitut~~proposed, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis and the technical inconsistency with the 7 years length of the upcoming MFF; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets;

Amendment 119 #

Motion for a resolution
Paragraph 4

Amendment 12 #

Aurore LALUCQ

Motion for a resolution
Citation 20 a (new)

- having regard to the biodiversity strategy that sets binding targets for the Union and its member States to protect at least30% of the Union's land and marine areas and to restore at least 30% of degraded ecosystems by 2030,

Amendment 120 #

Motion for a resolution
Paragraph 4

4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030 through the EU budget, given the negative economic outlook following the COVID- 19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets;

Amendment 121 #

Motion for a resolution
Paragraph 4

4. Questions ~~whether~~how the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets;

Amendment 122 #

Motion for a resolution
Paragraph 4 a (new)

4a. Notes that the Commission in the SEIP Communication of 14 January, has estimated the investment needs at EU level in order to achieve the current 2030 climate objectives at 260 bn EUR/year, plus additional amounts ranging from 100 to 150 bn EUR/year for environmental protection and resource management and 142 bn EUR/year for social investments; considers that additional efforts will have to be made by the EU and the Member States, in line with their current ambition with regard to the fight against climate change; requests the Commission to put into place all necessary measures to ensure the effective mobilization of the required financial means to accomplish the successful implementation of the SEIP, in line with the climate change objectives declared at EU level; underlines that the Commission had already estimated that the investment gap would be as high as 529 billion Euros per year starting in 2021 (public and private), based on a scenario implying -47% of Greenhouse Gas for 20302a; underlines that, now that the Parliament agreed on a more ambitious target of -55%, the investment gap is even higher; stresses that, on 10 June 2020, the European Economic and Social Committee has called on the EU institutions to swiftly increase its budget to fight climate change by 300 bn EUR/year10a; __________________ 2a2016, Commission Staff Working Document, Impact Assessment, accompanying the document “Proposal for a Directive of the European Parliament and of the Council amending Directive 2012/27/EU on Energy Efficiency”. 10ahttps://www.eesc.europa.eu/en/news- media/news/investment-plan-must-live- green-deals-ambitions#related-content

Amendment 123 #

Paul TANG, Gilles BOYER, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Alfred SANT, Joachim SCHUSTER, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 4 a (new)

4a. Calls for the issuing of long-term common bonds to contribute to financing the recovery and the just and sustainable transition;

Amendment 124 #

Motion for a resolution
Paragraph 4 a (new)

4a. Calls for the issuing of common long-term EU Green Deal bonds;

Amendment 125 #

Motion for a resolution
Paragraph 4 b (new)

4b. Stresses that according to the Joint Research Centre’s PESETA II Project of 2014, “if the 2080s climate would happen today without public adaptation, the EU household welfare losses would amount to 190 bn EUR, equivalent to almost 2% of EU GDP11a; underlines therefore that the cost of adaptation are much lower than the cost of non-adaption over the long run; stresses that the European Union faced a significant trade deficit on energy of about 250 bn EUR in 201912a; and sharp decrease in our energy consumption and the development of full renewable energy produced in the European Union would reduce this deficit; __________________ 11a https://ec.europa.eu/jrc/en/publication/eur -scientific-and-technical-research- reports/climate-impacts-europe-jrc- peseta-ii-project 12a https://ec.europa.eu/eurostat/documents/2 995521/10159364/6-15012020-AP- FR.pdf/e2e77fb3-0bdd-6895-9982- b7cbb73f4aeb

Amendment 126 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change~~, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy~~ (including but not limited to boosting demand and supply of alternative fuels in waterborne transport and aviation as well as investing into up-to-date multimodal infrastructure, including the trans-European transport network, innovation in high-speed rail and a green incentive scheme for aircraft operators), and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy; acknowledges however that investments in transitional forms of fuels that do not significantly harm the environment and delivers significant reductions in greenhouse gas emissions (such as (bio-)liquefied natural gas) as an investment that contributes to the goal of climate-neutral mobility provided that these investments should be aligned with the criteria set by the EU Taxonomy Regulation unless Member State duly justifies in the Territorial Just Transition Plan the necessity to support non-aligned operation and demonstrates the consistency of this investment with climate neutrality in 2050;

Amendment 127 #

Pierre LARROUTUROU, Margarida MARQUES

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, is based on scientific evidence and goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately ~~the criteria established by the EU taxonomy~~impact assessment results in each country; insists that in light of SEIP introduction impact assessments should be initiated in relation to other pieces of legislation, be they in vigour or in the process of adoption, notably Mobility Package I, to evaluate the compatibility of the existing EU legislation with the EU climate neutrality goals;

Amendment 128 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, and ~~looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;~~ calls on the Commission to propose a Framework Regulation laying down a new stringent and comprehensive climate and biodiversity tracking methodology using appropriately the criteria established by the EU taxonomy, defining and tracking relevant expenditure together with a comprehensive proofing mechanism to identify potential harmful impacts of EU actions to biodiversity and climate in line with the EU’s commitments under the Paris Agreement and a roadmap for the rapid phasing-out of direct and indirect fossil fuel subsidies and all other harmful subsidies from the EU budget; recalls in this context that 112 bn EUR/year have been spent by 11 countries and the European Union to subsidise fossil fuels between 2014 and 201613a; __________________ 13a http://www.caneurope.org/publications/bl ogs/1471-report-phase-out-2020- monitoring-europe-s-fossil-fuel-subsidies

Amendment 129 #

Motion for a resolution
Paragraph 5

Amendment 13 #

Motion for a resolution
Citation 20 a (new)

- having regard to UN General Assembly Resolution 70/1 of 25 September 2015 entitled ‘Transforming our world: the 2030 Agenda for Sustainable Development’, which entered into force on 1 January 2016,

Amendment 130 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Aurore LALUCQ, Siegfried MUREŞAN, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 5

Amendment 131 #

Motion for a resolution
Paragraph 5

Amendment 132 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 5

Amendment 133 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, to reverse the loss of biodiversity and accelerate the transition to a sustainable food system inline with the “Farm to Fork” strategy and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 134 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 5

Amendment 135 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change and to the climate transition of the European companies, in particular of the European SMEs, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 136 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest ~~potential to contribute to the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by~~return on investment, without crowding out private investment, and looks forward to the Commission’s follow-up on the statement by Commissioner Valdis Dombrovskis of 5 June 2020 on the potential conflict of interest of BlackRock´s involvement in the EU taxonomy regulation;

Amendment 137 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, to a more competitive Europe and to job creation and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 138 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change~~, and~~ while adapting to the different national, regional and local needs; looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 139 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change and environmental degradation, and looks forward to the Commission’s upcoming climate and biodiversity tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 14 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Citation 20 a (new)

- having regard to the Valletta Political Declaration on Clean Energy for EU islands of 18 May 2017,

Amendment 140 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, protect environment and preserve biodiversity, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 141 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to job creation and the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 142 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU, national and ~~nat~~regional levels, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 143 #

Motion for a resolution
Paragraph 5

5. Wishes to see it ensured that funding from the SEIP, at EU ~~and nat~~, national and regional level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;

Amendment 144 #

Motion for a resolution
Paragraph 5 a (new)

5a. Highlights the importance of promoting ownership and accountability of individual Member States in their transition to a climate-neutral economy, through national co-financing when receiving European funding;

Amendment 145 #

Paul TANG, Gilles BOYER, Ernest URTASUN, Rasmus ANDRESEN, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Pierre LARROUTUROU, Csaba MOLNÁR, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 5 a (new)

5a. Calls on the Commission to disclose the exposure of all MFF and Next Generation EU funds to the different EU taxonomy objectives and categories;

Amendment 146 #

Motion for a resolution
Paragraph 5 a (new)

5a. Calls on the Commission to disclose the exposure of all MFF and Next Generation EU funds to the different EU taxonomy objectives and categories;

Amendment 147 #

Motion for a resolution
Paragraph 5 b (new)

5b. Emphasizes that the overarching objective of the SEIP should be to ensure a shift from unsustainable to sustainable economic activities; looks forward to the report that according to the Taxonomy Regulation the Commission has to deliver by end of 2021 outlining the modalities required for extending the Taxonomy scope to cover ‘brown’ activities; deems that such extension is instrumental for implementing the above-mentioned shift;

Amendment 148 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Pierre LARROUTUROU, Csaba MOLNÁR, Aurore LALUCQ, Siegfried MUREŞAN, Pedro MARQUES

Motion for a resolution
Paragraph 5 b (new)

5b. Highlights that the success of the Sustainable Europe Investment Plan depends on the coherence of EU policies, therefore underlines the need for harmonised sustainability indicators and a methodology for measuring impact, including LCA and natural capital accounting;

Amendment 149 #

Pierre LARROUTUROU, Gilles BOYER

Motion for a resolution
Paragraph 5 c (new)

5c. Notes the Court of Auditors’ findings that climate accounting in the current Common Agriculture Policy (CAP) is inaccurate and that the Commission’s estimate of the future CAP’s contribution to environmental and climate targets appears unrealistic; calls on the Commission to urgently adopt a climate and biodiversity tracking methodology for the CAP which represents nearly half of the climate related expenditure and a larger share of biodiversity related expenditure in the EU budget; stresses that CAP measures must be shown to be genuinely positive for climate, supported by scientific evidence, in order to be counted as such and inline with the Commission's evaluation report on biodiversity, identifying a lack of monitoring data as an obstacle to proper evaluation of the impact of several CAP instruments and measures, as well as their net impact;

Amendment 15 #

Motion for a resolution
Citation 20 a (new)

- having regards the statutes of the ECB,

Amendment 150 #

Motion for a resolution
Paragraph 6

6. ~~Believe~~Insists that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives; calls on the Commission to publish, at the latest by the end of this year, climate proofing guidelines for all the funds that will be raised under the European Union Recovery Instrument and channelled through the EU programmes; stresses that solvency and recovery support should be ruled out for activities which undermine the objectives of the European Green Deal; recalls that under the Taxonomy Regulation the Commission must adopt by the end of 2020 a delegated act containing technical screening criteria for activities which substantially contribute to climate change mitigation and adaptation; recalls that by December 2021 the Commission should publish a report describing the provisions required for extending the scope of the Taxonomy to include economic activities that do significant harm to the environmental objectives as well as enhanced social safeguards;

Amendment 151 #

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should ~~adhere to the EU taxonomy and to~~not be conditional on the principles of the EU taxonomy in order to allow swift investment into the transition projects; recalls that no strict investment rules should be introduced without prior consultation with the local and regional public authorities, industries and SMEs; believes that the financing should follow the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives;

Amendment 152 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Joachim SCHUSTER, Pedro MARQUES

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, with particular emphasis on the Recovery and Resilience Facility, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives; calls for an operationalisation of the ‘do not significantly harm’ principle by clear and targeted exclusions in relevant EU funding regulations, in particular for fossil fuels, and a delegated act on climate, environmental and social proofing before the end of the year, as planned for example in the InvestEU regulation;

Amendment 153 #

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should a~~dhere to the EU taxonomy and~~im to invest in economic activities in line with the EU taxonomy, with at least 50% of EU funds supporting Taxonomy compliant activities, and all finance should adhere to the Do Not Significantly Harm (DNSH) principle, asks for the adoption of a black list of excluded activities that may not benefit from the support of the SEIP such as fossil fuels and nuclear energy; calls therefore for these principle and related disclosure provisions to be added to the horizontal MFF regulation, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing ~~do not contribute to objectives, projects and activities that significantly harm~~are consistent with the achievement of the Union’s climate, social orand environmental objectives;

Amendment 154 #

Pierre LARROUTUROU, Aurore LALUCQ

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives; believes nuclear energy plays a role in meeting the objective of climate neutrality at EU level by 2050 as the second largest source of low-carbon electricity production globally (after hydropower); considers that without investments in nuclear energy technology the low carbon transition will be significantly harder and more costly;

Amendment 155 #

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives, by stopping all fossil fuel subsidies and investments; demands that all private and public banks, as well as insurance companies adhere to the same objective by implementing a transparent and progressive termination of fossil investments;

Amendment 156 #

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives; stresses the EU taxonomy alone will not be sufficient to ensure public and private finance is fully sustainable and must be accompanied by more legislative, regulatory and judicial provisions to end unsustainable activities;

Amendment 157 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 6

6. Believes that public ~~and private~~ finances should adhere to the ~~EU taxonomy~~Stability and Growth Pact, if it ever is revived, and to the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm ~~social or environmental objectives~~the economy, sovereign debt sustainability and the no debt clause enshrined in Article 311 TFEU;

Amendment 158 #

Motion for a resolution
Paragraph 6

Amendment 159 #

Pierre LARROUTUROU, Sirpa PIETIKÄINEN, Gilles BOYER

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, in order to ensure that EU and Member State policies and financing, including the EU budget, public procurement, the programmes financed through Next Generation EU, the European Semester and EIB financing and the ECB operations do not contribute to objectives, projects and activities that significantly harm social or environmental objectives;

Amendment 16 #

Motion for a resolution
Citation 20 a (new)

- having regard to the 5 June report of the European Copernicus service which states that May 2020 was the hottest May ever measured (with temperatures of 35°C in Siberia!),

Amendment 160 #

Motion for a resolution
Paragraph 6

6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not ~~Significantly Harm (DNSH)~~Harm principle, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that ~~significantly~~ harm social or environmental objectives;

Amendment 161 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 6 a (new)

6a. Stresses that public budgets and public banks will not be able to bridge the investment gaps alone; recalls that 10 major European banks still invest every year more than 400 bn EUR/year in fossil fuels14a; insists that the private sector must play its role in the shift towards the Green Deal; recalls that in 2010, to fight tax evasion, Barack Obama passed the FATCA law that closed the US market to banks that did not provide the US tax authorities with full transparency; calls on the Commission and the Member States to ensure that, similarly, to fight climate change, a European "FATCA- Climate law" is adopted, which closes the European market to banks and insurance companies that refuse to redirect their investments towards investments compatible with the objectives of climate neutrality by 2050 and -55% greenhouse gas emissions by 2030; stresses that this “FATCA-Climate Law” must prohibit all Member States from continuing to subsidise fossil fuels and must also oblige all banks (private and public) and insurance companies operating in Europe to be transparent about all their activities and to stop new investments in fossil fuels as of day 1 of implementation, and must clean up their balance sheet in any fossil related investment within 5 years; underlines that, if these volumes go to Green Deal investments rather than fossil fuels, this law could bridge a substantial part of the 660 billion annual investment gap in the Green Deal; __________________ 14ahttps://www.ran.org/wp- content/uploads/2020/03/Banking_on_Cli mate_Change__2020_vF.pdf

Amendment 162 #

Motion for a resolution
Paragraph 6 a (new)

6a. Believes that one of the ways to achieve the climate neutrality is the widest possible digitization of the public and private sectors;

Amendment 163 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 7

7. Calls for the gradual phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix; recalls the need to avoid disruptive consequences for the social and employment conditions in transition areas; insists that the activities funded by SEIP must not contribute to further social inequalities and deepening of the East- West economic and social divide in the EU;

Amendment 164 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix; asks that, by 30 June 2021, Member States are preparing national strategies to phase out all direct and indirect support for fossil fuels as well as environmentally harmful subsidies in order to improve consistency and credibility of the EU in preserving biodiversity and natural ecosystems and to boost the transition towards clean energy systems and a climate neutral and circular economy;

Amendment 165 #

Pierre LARROUTUROU, Margarida MARQUES, Paul TANG

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in fossil fuel based and highly polluting and harmful industries for which economically feasible alternatives are available, ~~while fully respecting the rights of Member States to choose their energy mix~~underlining the urgency to find such alternatives through massive investments in technological innovation and energy efficiency, while fully respecting the rights of Member States to choose their energy mix and with the objective of implementing a fully renewable energy system and a Paris Agreement Compatible energy grid by 2040;

Amendment 166 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix; also calls for activities harmful to the environment or human health to be excluded from investment protection clauses contained in international trade agreements;

Amendment 167 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE, Valentino GRANT, Marco ZANNI, Antonio Maria RINALDI

Motion for a resolution
Paragraph 7

7. Calls for ~~the phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while~~ fully respecting the rights of Member States to choose their energy mix;

Amendment 168 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix so as not to make some countries lag behind in the fully fledged transition related to the very much needed Green Deal;

Amendment 169 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available, while securing that EU-funding should enable and lead to zero emission supply and while fully respecting the rights of Member States to choose their energy mix;

Amendment 17 #

Motion for a resolution
Recital -A (new)

-A. whereas climate change is a global challenge which requires international cooperation and similar efforts from various parties; whereas in order for the Union to successfully play its role as a global leader in the transition towards climate neutrality, a realistic approach which actually fosters sustainable, competitive growth and prosperity is crucial,

Amendment 170 #

Motion for a resolution
Paragraph 7

7. Calls for the immediate phasing-out of public and private investments, including those supported by the EU budget, in highly polluting and harmful industries, such as fossil fuels for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix;

Amendment 171 #

Motion for a resolution
Paragraph 7

Amendment 172 #

Gilles BOYER, Stéphanie YON-COURTIN, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting ~~and harmful~~ industries for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix and the importance of ensuring reliable and low or zero emission energy supply;

Amendment 173 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries and in all fossil fuels, including gas, and also nuclear, for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix;

Amendment 174 #

Motion for a resolution
Paragraph 7

Amendment 175 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries for which economically feasible alternatives are available~~, while fully respecting the rights of Member States to choose their energy mix~~;

Amendment 176 #

Paul TANG, Petros KOKKALIS, Evelyn REGNER, Csaba MOLNÁR, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries, using the EU taxonomy criteria, for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix;

Amendment 177 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of public and private investments ~~in highly polluting and harmful industries~~which do not comply with the criteria established by the EU Taxonomy for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix;

Amendment 178 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Eva MAYDELL, Christian DOLESCHAL, Siegfried MUREŞAN

Motion for a resolution
Paragraph 7

Amendment 179 #

Motion for a resolution
Paragraph 7

7. Calls for the rapid phasing-out of public and private investments in highly polluting and harmful industries ~~for which economic~~, including ally f~~easible alternatives are available~~ossil fuels, while fully respecting the rights of Member States to choose their energy mix in accordance with the Treaties;

Amendment 18 #

Motion for a resolution
Recital -A (new)

-A. whereas the spirit of a Green New Deal, or any manipulation of these words, is to have an ambitious, state-led and publicly funded ecological transition,

Amendment 180 #

Motion for a resolution
Paragraph 7

7. Calls for the immediate phasing-out of ~~public and private~~direct and indirect public subsidies and investments in highly polluting and harmful industries ~~for which economically feasible alternatives are available~~, while fully respecting the rights of Member States to choose their energy mix;

Amendment 181 #

Motion for a resolution
Paragraph 7

7. Calls for the phasing-out of all subsidies and public and private investments in fossil fuel based and highly polluting and harmful ~~industries for which economically feasible alterna~~economic activitives ~~are available, while fully~~while respecting the rights of Member States to choose their energy mix;

Amendment 182 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 7 a (new)

7a. Stresses the current European trade policy and multiplication of free trade agreements is a major source of greenhouse emissions; stresses the SEIP must go hand in hand with a strategy to relocate production within the European borders to ensure the success of the Green Deal and meet our obligations under the Paris Agreement; therefore, calls on the Commission to end the ongoing negotiations of free trade agreements and propose a strategy within the Green Deal framework to support Member states and companies’ efforts to relocate their production; believes the SEIP must play a key role in harnessing investments in relocating production;

Amendment 183 #

Motion for a resolution
Paragraph 7 a (new)

7a. Calls for all possible strategies to be put in place to prevent the achievement of climate neutrality from having negative effects on the competitiveness of European markets worldwide, especially for the strategic sectors; considers strategic in the commercial policy to choose only third country's partners with climate priorities compatible with those of the EU; believes necessary to avoid that the environmental transition towards climate neutrality entails the risk of energy dependence outside the European Union;

Amendment 184 #

Paul TANG

Motion for a resolution
Paragraph 7 a (new)

7a. Underlines the need for a timely review of the Non-Financial Reporting Directive (NFRD) with the view to ensure high-level sustainable reporting by private sector participants; is of the view that implementation of the revised NFRD has to be consistent with the Sustainable Finance Disclosure Regulation applicable to the financial sector;

Amendment 185 #

Motion for a resolution
Paragraph 7 a (new)

7a. Calls on the Member States to prepare by 30 June 2021 national strategies to phase out support for fossil fuels, including indirect subsidies, capacity mechanism and decoupling addressing of energy poverty from subsidies to fossil fuels;

Amendment 186 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policies; considers, therefore, that the financing of any new proposals deriving from the European Green Deal should be calculated in addition to the Commission’s previous proposals for the next MFF; considers that any cuts will ultimately affect also the financing of the Sustainable Europe Investment Plan; calls on Commission and Member States to deliver on their political commitments and equip the Union with a future-proof MFF that is capable to respond to the expectations of the citizens;

Amendment 187 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policies, notably cohesion and agriculture policies; underlines that the investment in research and innovation should contribute to the development of the EU know-how, notably in the renewables, and support the achievement of climate neutrality goals;

Amendment 188 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policies; welcomes the new European Union Recovery Instrument, "Next Generation EU", as an emergency instrument to support investments and reforms aligned with the Sustainable Development Goals and to reinforce the EU programmes that contribute for a sustainable and resilience recovery of the EU economy;

Amendment 189 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; ~~reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policies;~~

Amendment 19 #

Motion for a resolution
Recital -A (new)

-A. whereas the necessary climate change adaptation investments are not yet assessed and incorporated into the MFF climate figures,

Amendment 190 #

Motion for a resolution
Paragraph 8

Amendment 191 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other ~~policies~~longstanding policies of the EU, cohesion and agriculture policies in particular;

Amendment 192 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be subject to sustainability assessment and proofing, and be financed through additional appropriations and should not negatively affect other policies;

Amendment 193 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; ~~reiterates its long-standing position~~considers that at least some of thate new initiatives ~~should always be financed through addi~~must be financed by the reallocational of appropriations ~~and should not negatively affect other policies~~earmarked for non-priority policies to policies with an environmental impact equal to or below zero;

Amendment 194 #

Motion for a resolution
Paragraph 8

8. Stresses the ~~central~~important role of the EU budget in delivering the SEIP~~; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policie~~, together with the activation of private investments; reiterates the need to focus the existing framework on new policy objectives such as research, innovation, and climate investments;

Amendment 195 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through ~~additional appropriations and should not negatively affect other policies~~own resources, as enshrined in Article 311 TFEU;

Amendment 196 #

Marc ANGEL

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional ~~appropriatio~~financial means and should not negatively affect other policies;

Amendment 197 #

Motion for a resolution
Paragraph 8

8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through ~~additional~~relevant appropriations and should not negatively affect other policies;

Amendment 198 #

Motion for a resolution
Paragraph 8 a (new)

8a. Underlines that financing of EUR 1 trillion by 2030 foreseen by SEIP needs to be accompanied by private investments to meet the European Green Deal objectives for which public and private investments together must amount to 500 bn EUR/year; is of the opinion that specific focus should be put on private investment which needs to overweigh public investment in order to reduce the burden on the EU tax-payers;

Amendment 199 #

Motion for a resolution
Paragraph 8 b (new)

8b. Believes that private financing needs to be facilitated to the maximum and that financial stability of investments needs to be guaranteed for enterprises; is of the option that no regulatory framework restricting such investments can be introduced without prior evaluation of the economic impact and without preliminary adjustment of the enterprises’ investment plans; insists therefore that imposing artificial technical limits, such as taxonomy rules, without prior scientific and economic assessment on the ground would serve as an obstacle to projects capable of bringing development and growth to the regions and contributing to the objectives of the Green Deal;

Amendment 2 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN, Esther DE LANGE

Motion for a resolution
Citation 8

~~— having regard to its resolution of 18 December 2019 on fair taxation in a digitalised and globalised economy: BEPS 2.0’5 , __________________ 5 Texts adopted, P9_TA(2019)0102.~~deleted

Amendment 20 #

Paul TANG, Carmen AVRAM, Manon AUBRY, Evelyn REGNER, Csaba MOLNÁR, Siegfried MUREŞAN, Eero HEINÄLUOMA, Aurore LALUCQ, Gilles BOYER, Sirpa PIETIKÄINEN, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas all sectors of the EU economy will be impacted by the transition towards a sustainable economy,

Amendment 200 #

Motion for a resolution
Paragraph 9

9. Underlines the fact that, in order to meet its obligations under the Paris Agreement, the EU’s contribution to the climate objectives should be underpinned by an ambitious share of environmental and climate-related expenditure in the EU budget~~, going beyond the levels of targeted spending shares of at least 25 % over the MFF 2021- 2027 period and of 30% as soon as possible and at the latest by 2027~~ of at least 40% over the MFF 2021- 2027 period and of 50% as soon as possible and at the latest by 2027; regrets that the ambition of climate and environmental spending under the revised MFF proposal is not increased in line with the foreseen increases in the Union's climate, energy and environmental policy targets, currently under adoption or preparation; deplores the fact that the European Green Deal initiatives are not adequately addressed in the revised proposal; notes that the necessary climate change adaptation investments are not yet assed in the Commission's MFF climate figures;

Amendment 201 #

Paul TANG, Ernest URTASUN, Rasmus ANDRESEN, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Aurore LALUCQ

Motion for a resolution
Paragraph 9

9. Underlines the fact that, in order to meet its obligations under the Paris Agreement, the EU’s contribution to the climate objectives should be underpinned by an ambitious share of climate-related expenditure in the EU budget, going much beyond the levels of targeted spending shares of at least 25 % over the MFF 2021- 2027 period and of 30% as soon as possible and at the latest by 2027; considers the EU budget should follow the spending target of the European Investment Bank of 50% to climate and environmental spending so as to be in line with the ambitious objectives set by the Climate Law; highlights that all MFF and Next Generation EU funds should be consistent with National Energy and Climate Plans (NECPs) and territorial Just Transition Plans where they are set up;

Amendment 202 #

Motion for a resolution
Paragraph 9

Amendment 203 #

Motion for a resolution
Paragraph 9

Amendment 204 #

Motion for a resolution
Paragraph 9

Amendment 205 #

Motion for a resolution
Paragraph 9

Amendment 206 #

Motion for a resolution
Paragraph 9

Amendment 207 #

Motion for a resolution
Paragraph 9

Amendment 208 #

Pierre LARROUTUROU, Sirpa PIETIKÄINEN, Gilles BOYER

Motion for a resolution
Paragraph 9

9. Underlines the fact that, in order to meet its obligations under the Paris Agreement and contribute equitably to the temperature goal of limiting global warming to 1.5°C, the EU’s contribution to the climate objectives should be underpinned by an ambitious share of climate-related expenditure in the EU budget, going beyond the levels of targeted spending shares of at least 25 % over the MFF 2021- 2027 period and of 30% as soon as possible and at the latest by 2027;

Amendment 209 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 9

9. Underlines the fact that~~, in order to meet its obligations under the Paris Agreement,~~ the EU’s contribution to the climate objectives should be underpinned by sound economics and a~~mbitious~~ minimal share of climate-related expenditure in the EU budget, ~~going beyond~~preferable below the levels of targeted spending shares of at least 25 % over the MFF 2021- 2027 period ~~and of 30% as soon as possible and at the latest by 2027~~, given the severe economic downturn caused by the COVID-19 lockdown measures, and the ongoing economic crisis, which prompts a more moderate and realistic approach by the EU;

Amendment 21 #

Motion for a resolution
Recital -A (new)

-A. whereas the 5 June report of the NOAA, National Oceanic Atmospheric Administration, indicates that the concentration of CO2 in the atmosphere exceeded 417 ppm on average in May 2020 for the first time in more than 3 million years and that, despite the very strong economic slowdown linked to COVID-19, the concentration increased by 2.4 ppm in one year, that being an increase three times faster than in the 1970s or 1980s,

Amendment 210 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 9

9. Underlines the fact that, in order to meet its obligations under the Paris Agreement and the Green Deal´s climate and environmental ambitions, the EU’s contribution to the ~~climat~~se objectives should be based on solid proofing and underpinned by an ambitious share of ~~climate-related~~ expenditure in the EU budget, going beyond the levels of targeted spending shares of at least ~~25 %~~40% for climate and 10% for biodiversity over the MFF 2021- 2027 period ~~and of 30% as soon as possible and at the latest by 2027~~;

Amendment 211 #

Motion for a resolution
Paragraph 9

Amendment 212 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 9

Amendment 213 #

Motion for a resolution
Paragraph 9

Amendment 214 #

Motion for a resolution
Paragraph 9 a (new)

9a. Notes that climate change adaptation is not yet assessed and incorporated in the MFF climate figures1a; calls on the commission to revise without delay the climate spending figures to reflect the additional investment needs in climate change adaptation; underlines that this is important taking into consideration the EU's susceptibility to future climate shocks and the natural shocks arising from them; __________________ 1ahttps://eur-lex.europa.eu/legal- content/EN/TXT/?qid=1590742540196&u ri=SWD%3A2020%3A98%3AFIN

Amendment 215 #

Motion for a resolution
Paragraph 9 a (new)

9a. Underlines that the climate spending target should apply to all MFF- related funds including the Recovery and Resilience Facility and REACT-EU, and that all MFF and Next Generation EU funds should be consistent with the National Energy and Climate Plans (NECPs) and territorial Just Transition Plans where they are set up;

Amendment 216 #

Jessica POLFJÄRD, Jörgen WARBORN, Esther DE LANGE

Motion for a resolution
Paragraph 9 a (new)

9a. Calls on the Commission to disclose which part of the Union's expenditure or investments from MFF and Next Generation EU fund are compliant with the taxonomy categories as set out in the EU Taxonomy regulation;

Amendment 217 #

Motion for a resolution
Paragraph 9 a (new)

9a. Underlines the need for prioritisation among the MFF expenditures;

Amendment 218 #

Motion for a resolution
Paragraph 9 b (new)

9b. Notes that, under the revised proposal for the next MFF and the European Union Recovery Instrument, several Union programmes are frontloaded; warns that this might result in a green investment gap towards the end of the next MFF period and, thus, negatively impact the success of SEIP and the attainment of the Union's climate and environmental goals; calls for continuous cash flows and green investments throughout the next MFF period and the years leading to the milestone of 2030; calls on the Commission to assess whether a green investment gap at the end of the decade could jeopardise the Union's efforts for achieving the 2030 climate, energy and environmental targets and propose corrective adjustments to the allocation of the amounts;

Amendment 219 #

Motion for a resolution
Paragraph 9 c (new)

9c. Suggests that by the end of 2024, the Commission should come forward with a report to assess the implementation of the 'do no harm' principle under the Next Generation EU;

Amendment 22 #

Paul TANG, Petros KOKKALIS, Evelyn REGNER, Niels FUGLSANG, Siegfried MUREŞAN, Eero HEINÄLUOMA, Sirpa PIETIKÄINEN, Pedro MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas the path to climate neutrality by 2050, with a first milestone of 50 to 55% by 2030 emission reductions compared to 1990, will boost the competitiveness of the Union economy and result in a surplus of sustainable, high quality jobs,

Amendment 220 #

Motion for a resolution
Paragraph 9 d (new)

9d. Calls for a comprehensive framework of monitoring, reporting and evaluation of climate- and environment- related expenditure under the EU budget to identify and fill potential green financing gaps and ensure the EU is on track to fulfil its commitments; suggests, in this regard, that a harmonised methodology for the transparent accounting of climate and environmental spending under the new MFF and the Next Generation EU is necessary; calls for improvements at all stages of the EU budgetary cycle to identify the progress on climate mainstreaming;

Amendment 221 #

Pierre LARROUTUROU, Ernest URTASUN, Rasmus ANDRESEN

Motion for a resolution
Paragraph 9 e (new)

9e. Invites the European Court of Auditors to audit the implementation of the ‘do no harm’ principle under the Next Generation EU;

Amendment 222 #

Motion for a resolution
Paragraph 10

10. Welcomes the proposal to top up the Just Transition Fund (JTF), including with additional funds from Next Generation EU, and the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility, which will contribute to alleviating the economic effects of the transition to climate neutrality on the most vulnerable regions in the EUbut underlines that additional funds will be needed in order to make sure it reaches all the workers who will be affected, directly and indirectly, by the transition, which accounts to around 11 million workers; insists that the amount must reach at least 10 billion € per year in the short term (Next Generation EU) but also in the longer term (MFF); welcomes also the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility, which will contribute to alleviating the economic effects of the transition to climate neutrality on the most vulnerable regions and citizens in the EU; notes that more clarity as to the eligibility criteria for funding should be made by ensuring delivery of the climate-neutrality target by the beneficiary of the funds by a set timeline aligned with Paris Agreement goals, as well as compliance with other environmental protection acquis objectives;

Amendment 223 #

Motion for a resolution
Paragraph 10

10. Welcomes the proposal to top up the Just Transition Fund (JTF), including with additional funds from Next Generation EU, and the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility, which will contribute to ~~allevi~~facilitating the ~~economic effects of the transition to climate neutrality on the most vulnerable regions in the EU~~transition to climate neutrality and circular economy in all regions in the EU; The programmes financed by JTF shall be assessed ex ante and ex post by climate tracking, natural capital accounting and life cycle methodologies to measure their sustainability impact based on harmonised indicators and LCA. A method for ‘sustainability proofing’ shall be put in place, in line with the Sustainable Europe Investment Plan, on the basis of which promoters of projects above a certain size will be required to assess the environmental, climate and social impact of those projects;

Amendment 224 #

Motion for a resolution
Paragraph 10

Amendment 225 #

Margarida MARQUES, Pedro MARQUES, Pedro SILVA PEREIRA, Elisabetta GUALMINI

Motion for a resolution
Paragraph 10

Amendment 226 #

Aurore LALUCQ

Motion for a resolution
Paragraph 10

Amendment 227 #

Motion for a resolution
Paragraph 10

Amendment 228 #

Motion for a resolution
Paragraph 10

Amendment 229 #

Aurore LALUCQ, Paul TANG, Pierre LARROUTUROU

Motion for a resolution
Paragraph 10

Amendment 23 #

Motion for a resolution
Recital -A (new)

-A. whereas the most recent report from the IPCC make clear that policies adopted so far are insufficient to prevent global warming from exceeding 1.5°C,to prevent biodiversity loss, and the disturbance of biogeochemical flows,

Amendment 230 #

Motion for a resolution
Paragraph 10

Amendment 231 #

Motion for a resolution
Paragraph 10

Amendment 232 #

Motion for a resolution
Paragraph 10

Amendment 233 #

Motion for a resolution
Paragraph 10

Amendment 234 #

Motion for a resolution
Paragraph 10

Amendment 235 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 10

10. ~~Welcome~~Rejects the proposal to top up the Just Transition Fund (JTF), since money does not grow on trees or can be printed without consequences, including with additional funds from Next Generation EU, and the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility, which will ~~contribute to alleviating the economic effects of the transition to climate neutrality on the most vulnerable region~~inject even more artificially cheap credit in our already credit-addicted economy, without substantial effects ion the EUreal economy;

Amendment 236 #

Motion for a resolution
Paragraph 10

Amendment 237 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Linea SØGAARD-LIDELL

Motion for a resolution
Paragraph 10

Amendment 238 #

Motion for a resolution
Paragraph 10

Amendment 239 #

Motion for a resolution
Paragraph 10

Amendment 24 #

Margarida MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Recital -A (new)

-A. whereas tax avoidance and tax evasion have caused billions in losses of potential revenues for the public finances of several Member States, to the benefit of mostly large corporations and wealthy individuals; whereas tax evasion and tax avoidance create distortions of competition in the internal market,

Amendment 240 #

Motion for a resolution
Paragraph 10 a (new)

10a. Underlines that the aim of the JTF should be to provide support to citizens, economic activities and territories facing energy sustainability, energy security and energy affordability challenges in the transition process towards a just and sustainable, climate-neutral, climate- resilient, resource-efficient economy of the Union by 2050; Stresses that in order to minimize the negative socio-economic consequences of the transition, we need to ensure that the investments and actions previously made by Member States to reduce greenhouse emission are duly acknowledged and recognised as part of the path towards a climate-neutral economy; consequently, the JTF should also provide tailored support to regions that are in a more advanced phase of its transition, ensuring energy affordability for its citizens and economic activities, leading the way to a socially fair and just green transition;

Amendment 241 #

Motion for a resolution
Paragraph 10 a (new)

10a. Takes note of the Commission communication on the Sustainable Europe Investment Plan(COM(2020)0021), but emphasizes that the elements proposed within it, including the Just Transition Fund, depend entirely on an ambitious MFF agreement; expresses its deep concern that the front-loading of EU budget funds to cover new spending requirements stemming from the COVID-19 pandemic may result in a funds shortage in later programming years which may impact on the ability of the agriculture sector to deliver on the objectives and ambition of the Farm to Fork and Biodiversity Strategies and deprive EU farmers of funding in the latter years of the MFF, which would be particularly damaging if they are expected to comply with new obligations under the Green Deal;

Amendment 242 #

Motion for a resolution
Paragraph 10 a (new)

10a. Stresses that a socially just transition will not be possible without a massive contribution of metropolitan areas, therefore considers that resources of the 2nd and 3rd pillars of the Just Transition Mechanism should be easily available for cities, to develop a large scale financial mechanism to help city- level climate and social efforts; points out that this may include directly accessible funds for, among others, housing policies, building renovation, retrofit and isolation programs, public transport projects, improving cities’ green infrastructure, the introduction of instruments of circular economy or sustainable water management projects;

Amendment 243 #

Dragoş PÎSLARU, Ondřej KOVAŘÍK

Motion for a resolution
Paragraph 10 a (new)

10a. Underlines that the aim of the JTF should be to provide support to citizens, economic activities and territories facing energy sustainability, energy security and energy affordability challenges in the transition process towards a just and sustainable, climate-neutral, climate- resilient, resource-efficient economy of the Union by 2050; Stresses that in order to minimize the negative socio-economic consequences of the very much needed Green Deal transition, the JTF should concentrate on particular regions, not countries as a whole, with fresh funds of at least 40 bln euro and not resources already before allocated to cohesion policy;

Amendment 244 #

Motion for a resolution
Paragraph 10 a (new)

10a. Recalls that transitioning to a climate-neutral economy will be particularly demanding for those Member States that rely heavily on fossil fuels which initially might require phasing out through natural gas production, or on greenhouse gas intensive industrial activities which need to be phased out or which need to adapt due to the transition towards climate neutrality; Calls on the Commission to ensure that the distribution of the JTF financial means reflects the capacity of Member States to finance the necessary investments to cope with the transition towards climate neutrality;

Amendment 245 #

Motion for a resolution
Paragraph 10 a (new)

10a. Requests a special more focused treatment to regions that due to their geographical or demographic position face extra hurdles in the adaptation of this significant social and economic transition;

Amendment 246 #

Paul TANG, Ernest URTASUN, Rasmus ANDRESEN, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Csaba MOLNÁR, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 10 a (new)

10a. Calls for ensuring that third countries are eligible for cross- border projects that contribute to the objectives of the Paris Agreement;

Amendment 247 #

Dragoş PÎSLARU

Motion for a resolution
Paragraph 10 b (new)

10b. Reiterates that resources from the JTF should complement the resources available under cohesion policy and focus specifically on the issue of transitioning to a green economy in the regions most heavily dependent on coal or other such unsustainable fuels, for example the Jiu Valley Region, prioritising social impact investment that fosters both business development and the positive development of social indicators, with a care to avoid social shocks or sudden closures of businesses or the loss of human capital and the depopulation of the vulnerable regions;

Amendment 248 #

Motion for a resolution
Paragraph 10 b (new)

10b. Emphasizes in the context of the Just Transition Fund that it is environmental, social and economic sustainability as well as long-term viability of projects in the transition regions that should be key to receiving the funds; Stresses that strict economic, short-term viability as a key determinant for the regions to receive finance is short- sighted and might be detrimental in the regions' path towards change;

Amendment 249 #

Motion for a resolution
Paragraph 10 c (new)

10c. Stresses that in the context of writing the Just Transition Plans in order to receive adequate funding from the JTF, there is a necessity to include not only the Commission or national, regional and local authorities, but also social partners, trade unions and representatives of the industries affected;

Amendment 25 #

Motion for a resolution
Recital -A (new)

-A. whereas there is an ongoing revision by the ECB of its monetary policy strategy;

Amendment 250 #

Motion for a resolution
Paragraph 11

Amendment 251 #

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains; stresses, taking account of past experience in the functioning of EFSI, that it is necessary to ensure adequate technical assistance is available on the ground , in order to ensure that projects are financed where they are most needed and that they provide genuine additionality; considers that it may be necessary to allocate further resources to the Advisory Hub, bearing in mind the intention to increase the size and scope of the programme;

Amendment 252 #

Valérie HAYER

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; recalls that while the EIB Group should remain a privileged implementing partner under InvestEU, other implementing partners, including international financial institutions, have to be involved too, in particular when they present a comparative advantage in terms of specific expertise and experience in certain Member States in order to use all the expertise available; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains;

Amendment 253 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 11

11. ~~Welcome~~Rejects the role of InvestEU in the implementation and functioning of the SEIP and ~~consider~~deplores that it ~~should be~~ at the heart of the Union’s green, ~~fair and resilient~~centrally-planned and economically unsound recovery; ~~welcome~~rejects, therefore, the Commission’s proposal to increase the programme’s size and scope; ~~welcome~~rejects the proposal to create a Strategic Investment Facility within InvestEU to promote ~~sustainable investments in key technologies and value chains~~investments dubiously labelled as sustainable or green in technologies and value chains which are deemed to be "key", by political decree;

Amendment 254 #

Dragoş PÎSLARU, Olivier CHASTEL, Ondřej KOVAŘÍK

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains; Requests full transparency in the allocation of funds under the InvestEU programme and that more geographical balance should be sought; Further demands that a detailed monthly report on the allocation of funds under the same programme is maintained;

Amendment 255 #

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains; calls on the Commission to carry out a thorough impact assessment for the upcoming delegated acts on climate change mitigation &adaptation to ensure that they are “fit for purpose” to be applied to the InvestEU programme and public procurement;

Amendment 256 #

Pierre LARROUTUROU, Aurore LALUCQ, Margarida MARQUES

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains; calls for the InvestEU programme legal basis to include the highest standards regarding climate and sustainability proofing of the projects financed, at least at the level applicable to direct EU budget financing;

Amendment 257 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains; acknowledges that such proposal builds on a previous agreement between the Council and the European Parliament and believes that this agreement should be the basis for the upcoming negotiations;

Amendment 258 #

Motion for a resolution
Paragraph 11

Amendment 259 #

Motion for a resolution
Paragraph 11

11. ~~Welcom~~Notes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should be at the heart of the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; calls on the InvestEU proposal and the type of activities to be financed to be fully in line with the Union’s 2030 climate commitments; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains;

Amendment 26 #

Paul TANG, Petros KOKKALIS, Evelyn REGNER, Niels FUGLSANG, Csaba MOLNÁR, Aurore LALUCQ, Eero HEINÄLUOMA, Siegfried MUREŞAN, Sirpa PIETIKÄINEN, Gilles BOYER, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas the EU climate law will set in stone the EU’s commitment to climate neutrality by 2050, including ambitious intermediary steps necessary to achieve this objective,

Amendment 260 #

Motion for a resolution
Paragraph 11

Amendment 261 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 11

11. Welcomes the role of InvestEU in the implementation and functioning of the SEIP and considers that it should ~~be at the heart of~~play a key role in the Union’s green, fair and resilient recovery; welcomes, therefore, the Commission’s proposal to increase the programme’s size and scope; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies and value chains;

Amendment 262 #

Motion for a resolution
Paragraph 11 a (new)

11a. Recalls the important role of EU’s main investment policies in achieving the objectives of the SEIP; stresses that cohesion policy, as the main EU investment policy, will play a crucial role in supporting the transition to climate neutrality; draws the attention, however, that in the aftermath of the Covid-19 crisis, cohesion policy will be one of the decisive instruments in the economic recovery and should not divert from its main objectives namely to contribute to social, economic and territorial cohesion, as stipulated by the EU Treaties;

Amendment 263 #

Motion for a resolution
Paragraph 11 a (new)

11a. Calls on the Commission to substantially increase funding for technical assistance in relevant EU funds, to ensure that technical assistance reaches 1% of the total amount to be spent, and calls on the Commission to focus technical assistance on projects and sectors with the highest environmental and social added value, in particular nature-based solutions that can deliver EU´s climate and environmental objectives altogether;

Amendment 264 #

Paul TANG, Manon AUBRY, Evelyn REGNER, Alfred SANT, Aurore LALUCQ, Eero HEINÄLUOMA

Motion for a resolution
Paragraph 11 a (new)

11a. Calls on the Commission to substantially increase funding for technical assistance in relevant EU funds to 1% of the total amount to be spent, and calls on the Commission to focus technical assistance on projects and sectors with the highest environmental, social, resilience added value, in particular nature-based solutions that can deliver climate mitigation, climate adaptation and biodiversity benefits altogether;

Amendment 265 #

Motion for a resolution
Paragraph 11 a (new)

11a. Calls on the Commission to substantially increase funding for technical assistance so that it reaches 2% of the total amount to be spent;

Amendment 266 #

Motion for a resolution
Paragraph 11 b (new)

11b. Welcomes also the role envisaged for the Common Agricultural Policy in achieving the financing objectives of the SEIP; notes that the EU agricultural sector should maintain its overall focus on delivering food security and contributing to the development of rural areas;

Amendment 267 #

Motion for a resolution
Paragraph 11 c (new)

11c. Is convinced that research will play a crucial role in putting forward innovative solutions that will ease the transition towards climate neutrality; calls in this respect to make an increased use of the added value of the research and innovation programmes from the EU Budget to develop new and cost effective technological solutions to achieve climate neutrality; notes that in order to adequately finance EU research programmes, an increase in their budget is required;

Amendment 268 #

Motion for a resolution
Paragraph 11 d (new)

11d. Reaffirms the responsibility of the EU, as global leader in the fight against climate change, to prompt other international partners in following a similar approach; believes that the resources that the EU Budget grants to third countries should not go against the objectives of the Green Deal and should aim at facilitating the achievement of its objectives, taking however into consideration the different level of development of every country and the varying investment needs; considers that the pandemic has demonstrated that action to protect the environment and biodiversity outside the Union is intimately linked with health at home and that such action is cost effective when compared with the impacts of the pandemic;

Amendment 269 #

Hervé JUVIN, Hélène LAPORTE, Francesca DONATO

Motion for a resolution
Paragraph 11 e (new)

11e. Believes that in line with the EU priorities laid down by the European Green Deal, a successful energy transition can happen only with the involvement with our immediate neighbours by enabling the EU market integration and delivering on the EU net zero climate objective; therefore calls for further engagement with neighbouring countries to uphold the EU’s climate ambition;

Amendment 27 #

Paul TANG, Manon AUBRY, Evelyn REGNER, Alfred SANT, Joachim SCHUSTER, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Gilles BOYER, Sirpa PIETIKÄINEN, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

Amendment 270 #

Motion for a resolution
Paragraph 12

12. Notes that the Innovation Fund and the Modernisation Fund should make a significant contribution to the sustainable transition, and welcomes in particular the fact that the Modernisation Fund is designed to support investments to improve energy efficiency in 10 lower-income Member States and is therefore an important tool in ensuring a just transition; recalls that successful transition depends on the support of local stakeholders and the incentives received by them; urges that funding be made available to them through channels such as direct financing platforms that are outside the banking and financial system;

Amendment 271 #

Motion for a resolution
Paragraph 12

12. Notes that the Innovation Fund and the Modernisation Fund should make a significant contribution to the sustainable transition, and welcomes in particular the fact that the Modernisation Fund is designed to support investments to improve energy efficiency in 10 lower-income Member States and is therefore an important tool in ensuring a just transition; stresses the inherent contradictions and conceptual flaws of the EU ETS and underscores that it is an inadequate funding model for the European Green Deal;

Amendment 272 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 12

12. Notes that the Innovation Fund and the Modernisation Fund should make a significant contribution to the sustainable transition, and welcomes in particular the fact that the Modernisation Fund is designed to support investments to improve energy efficiency in 10 lower-income Member States and is therefore an important tool in ensuring a just transition while highlighting the need for heightened scrutiny as harmful investments should not be eligible under the Modernisation Fund;

Amendment 273 #

Motion for a resolution
Paragraph 12

12. Notes that the Innovation Fund and the Modernisation Fund should make a significant contribution to the ~~sustainable transition,~~transition towards a highly energy and resource efficient, fully renewable-based, net zero GHG and toxic free economy by 2040 and welcomes in particular the fact that the Modernisation Fund is designed to support investments to improve energy efficiency in 10 lower-income Member States and is therefore an important tool in ensuring a just transition;

Amendment 274 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 12

12. Notes that the Innovation Fund and the Modernisation Fund should make a significant contribution to the sustainable transition, and welcomes in particular the fact that the Modernisation Fund is designed to support investments to improve energy efficiency in 10 lower- income Member States and is therefore an important tool in ensuring a just transitionModernisation Fund is designed to funnel EU money into Eastern-European Member States, several of which have been downgraded in Transparency´s International Corruption Perceptions Index during recent years;

Amendment 275 #

Pierre LARROUTUROU, Gilles BOYER, Margarida MARQUES, Paul TANG

Motion for a resolution
Paragraph 12 a (new)

12a. Underlines that the success of the European Green Deal and the just transition requires to refocus all relevant EU policies to contribute to achieve those objectives;

Amendment 276 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 12 a (new)

12a. Notes that European resources destined for digitization, especially for the private sector, often remain unused due to difficulties in accessing information and lack of transparency; stresses that transparency in monitoring is also fundamental for the realization of the funded projects; calls for greater ease of access to calls for proposals, greater clarity of the monitoring methodology and better information;

Amendment 277 #

Pierre LARROUTUROU, Siegfried MUREŞAN, Margarida MARQUES

Motion for a resolution
Paragraph 12 a (new)

12a. Considers it necessary to avoid any overlap with related activities funded through the Union budget and believes that the existence of these Funds outside the Union budget could be to the detriment of budgetary oversight; urges the Commission to keep the budgetary authority properly informed of the Funds’ implementation;

Amendment 278 #

Motion for a resolution
Paragraph 12 b (new)

12b. Stresses that cohesion policy, as the main EU investment policy, will play a crucial role in supporting the transition to climate neutrality; notes, however, cohesion policy will be one of the decisive instruments in the economic recovery and should not divert from its main objectives namely to contribute to social, economic and territorial cohesion, as stipulated by the EU Treaties; insists that this cohesion policy should be reinforced to cope with its main objectives and contributing to the success of the European Green Deal;

Amendment 279 #

Pierre LARROUTUROU, Sirpa PIETIKÄINEN, Paul TANG, Gilles BOYER

Motion for a resolution
Paragraph 12 b (new)

12b. Welcomes the Commission’s intention to review both the Modernisation Fund and the Innovation Fund as part of its revision of the Emissions Trading Scheme and would strongly welcome the allocation of additional revenues from the ETS to the Union budget to increase financing for the just transition; reiterates its long- standing demand to define a significant part of the ETS revenues as Own Resources;

Amendment 28 #

-A. whereas Article 2.1 of the Paris Agreement provides for “making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development”,

Amendment 280 #

Pierre LARROUTUROU, Margarida MARQUES

Motion for a resolution
Paragraph 12 c (new)

12c. Stresses the key role that the Common Agricultural Policy and the common fisheries policy will have to play in achieving the objectives of the SEIP; notes that the EU agricultural and fisheries sectors will have to become sustainable and ensure a sustainable management of natural resources and preservation of biodiversity together with its objectives on supporting the provision of high-quality food supply, guaranteeing food sovereignty for Europeans, contributing to stable and acceptable earnings for farmers and fisherwomen/men and contributing to the sustainable development of rural areas;

Amendment 281 #

Pierre LARROUTUROU, Elisabetta GUALMINI

Motion for a resolution
Paragraph 13

13. ~~Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side~~Underlines that in order to support each and every family, school and business to insulate their buildings, in order to support every farmer to transition to a climate neutral agriculture, loans will not suffice and grants will have to play an important role, in which the EU budget must take a significant part, which will be possible if significant new own resources are adopted; supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side; recalls that the adoption of a basket of new genuine own resources will allow for an ambitious funding of the transition without any increase in the Member States’ GNI contributions;

Amendment 282 #

Motion for a resolution
Paragraph 13

13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side; underlines that the existing EU financial resources are not enough to deliver on the SEIP goals and will only accept the budget proposal if it foresees new own resources in order to avoid any burden on taxpayers or reduction of financing for other strategic policies;

Amendment 283 #

Motion for a resolution
Paragraph 13

13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate and other environmental objectives also through its revenue side, particularly through exploring new own resources from levies from environmentally harmful activities to disincentivise harmful activities and respecting the polluter pays principle;

Amendment 284 #

Paul TANG, Manon AUBRY, Petros KOKKALIS, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Joachim SCHUSTER, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 13

13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side; recalls Parliament’s longstanding position in favour of generating added-value and policy co-benefits by introducing green new own resources;

Amendment 285 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 13

13. ~~Supp~~Deplortes the Commission’s ~~innovative~~sneaky approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side, which means more and new taxes, and underlines that Article 113 TFEU should be fully respected;

Amendment 286 #

Motion for a resolution
Paragraph 13

13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate and environmental objectives also through its revenue side;

Amendment 287 #

Motion for a resolution
Paragraph 13

13. ~~Support~~Understands the Commission’s ~~innovative~~ approach in stating that the EU budget ~~will~~may contribute to achieving climate objectives also through its revenue side;

Amendment 288 #

Motion for a resolution
Paragraph 13

13. ~~Support~~Notes the Commission’s ~~innovative~~ approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side;

Amendment 289 #

Motion for a resolution
Paragraph 14

14. Reaffirms its previous position regarding candidates for new own resources, and calls on the Commission to propose new own resources which correspond to essential EU objectives including the fight against climate change and the protection of the environment and the preservation of a fair Single Market, including by limiting tax dumping; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System - which will raise between 3 and 10 billion € per year according to the Commission15a, a Single Market Levy – which could raise 10 billion € per year according to the Commission16a, a contribution on non- recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction tax; - which will raise 7 billion € per year according to the Commission17a, the future Carbon Border Adjustment Mechanism (5 to 14 billion per year)18a, a robust Common Consolidated Corporate Tax Base - which will raise up to 75 billion € per year with a 5% rate, based on figures provided by the European Commission, which could be modulated based on the carbon footprint evolution of companies19a, a tax on digital companies20a, and a financial transaction tax - which will raise 57 billion € per year according to the Commission (despite Brexit and the economic crisis)21a; invites the Commission and the Member States to also consider a small European contribution on billionaires and multi- millionaires, that are the top 1% of the wealthiest individuals, as proposed by Zucman et al., which could raise up to 150 billion € per year22a; __________________ 15a https://ec.europa.eu/info/sites/info/files/ab out_the_european_commission/eu_budget /factsheet_3_v22.pdf 16aMargit Schratzenstaller, 2018, “Tax- based Own Resources as a Core Element of a Future-Oriented Design of the EU System of Own Resources” 17a https://ec.europa.eu/commission/sites/beta -political/files/budget-proposals- modernising-budget-revenue-side- may2018_en.pdf 18a https://ec.europa.eu/info/sites/info/files/ab out_the_european_commission/eu_budget /factsheet_3_v22.pdf 19a https://ec.europa.eu/taxation_customs/bus iness/economic-analysis-taxation/data- taxation_en 20a https://ec.europa.eu/info/sites/info/files/ab out_the_european_commission/eu_budget /factsheet_3_v22.pdf 21aEuropean Commission, 2012, “The financial transaction tax will reduce Member States' GNI contributions to the EU budget by 50%” 22aMargit Schratzenstaller, 2018, “Tax- based Own Resources as a Core Element of a Future-Oriented Design of the EU System of Own Resources”

Amendment 29 #

Paul TANG, Gilles BOYER, Sirpa PIETIKÄINEN, Petros KOKKALIS, Carmen AVRAM, Evelyn REGNER, Joachim SCHUSTER, Niels FUGLSANG, Csaba MOLNÁR, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas the European Green Deal is a growth strategy and should lead to sustainable and inclusive economic growth, job creation and ensure the strategic autonomy of the EU,

Amendment 290 #

Motion for a resolution
Paragraph 14

14. Re~~affirm~~calls its previous position regarding candidates for new own resources, and calls on the Commission to propose new own resources which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non-recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction tax;

Amendment 291 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN, Hélène LAPORTE

Motion for a resolution
Paragraph 14

14. Re~~affirms its previous position regarding candidates for new own resources, and calls on the Commission to propose~~jects the introduction of new EU own resources, which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non-recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction taxwill ultimately lead to further taxation of businesses and increased tax pressure on citizens;

Amendment 292 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Clotilde ARMAND, Valérie HAYER

Motion for a resolution
Paragraph 14

Amendment 293 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 14

Amendment 294 #

Motion for a resolution
Paragraph 14

Amendment 295 #

Caroline NAGTEGAAL, Ondřej KOVAŘÍK, Martin HLAVÁČEK

Motion for a resolution
Paragraph 14

Amendment 296 #

Motion for a resolution
Paragraph 14

14. Reaffirms its previous position regarding candidates for new own resources, and ~~calls on~~invites the Commission to propose new own resources which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non-recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction taxexplore avenues for introduction of such potential new own resources which correspond to essential EU objectives;

Amendment 297 #

Aurore LALUCQ, Paul TANG, Pierre LARROUTUROU

Motion for a resolution
Paragraph 14

Amendment 298 #

Motion for a resolution
Paragraph 14

Amendment 299 #

Motion for a resolution
Paragraph 14

Amendment 3 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN, Hélène LAPORTE

Motion for a resolution
Citation 11

~~— having regard to the final report and recommendations of the High-Level Group on Own Resources,~~deleted

Amendment 30 #

Motion for a resolution
Recital -A (new)

-A. whereas the Commission has estimated the investment needs at EU level in order to achieve the current 2030 climate objectives at 240 bn EUR/year1a plus additional amounts of 130 bn EUR/year for environmental objectives, 192 bn EUR/year for social infrastructure and 100 bn EUR/year for Europe’s wider transport infrastructure, for a total of at least 662 bn EUR of investment needs per year; whereas these figures are based on 2030 climate objectives of only -40% GHG emissions, and therefore, now that the Parliament agreed on more ambitious objectives of -55%, the investment gap is even higher; whereas it is essential to mobilize all available funds to close the investment gap; __________________ 1a https://ec.europa.eu/info/sites/info/files/ec onomy- finance/assessment_of_economic_and_in vestment_needs.pdf

Amendment 300 #

Motion for a resolution
Paragraph 14

Amendment 301 #

Motion for a resolution
Paragraph 14

14. Reaffirms its previous position regarding candidates for new own resources, and calls on the Commission to propose, after a thorough evaluation and assessment of impacts on Member States and relevant sectors, new own resources which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non- recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction tax;

Amendment 302 #

Motion for a resolution
Paragraph 14

Amendment 303 #

Motion for a resolution
Paragraph 14

Amendment 304 #

Motion for a resolution
Paragraph 14

14. Reaffirms its previous position regarding candidates for new own resources, and calls on the Commission to ~~propose new own resource~~carry out a study of possible new tax arrangements which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for an impact assessment study of the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non- recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction tax;

Amendment 305 #

Motion for a resolution
Paragraph 14

Amendment 306 #

Motion for a resolution
Paragraph 14

Amendment 307 #

Motion for a resolution
Paragraph 14

Amendment 308 #

Motion for a resolution
Paragraph 14

Amendment 309 #

Motion for a resolution
Paragraph 14

Amendment 31 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Siegfried MUREŞAN, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas public and private finance should adhere to the EU Taxonomy and to the Do Not Significantly Harm principle so that EU financial instruments, including the EU budget, including facilities financed through Next Generation EU, the EU Semester, the EU Investment Plan, the EIB, ECB and EU funding sources such as cohesion funds and structural and investment funds, should not go to objects, projects and activities that do significantly harm to social or environmental objectives,

Amendment 310 #

Motion for a resolution
Paragraph 14

Amendment 311 #

Pierre LARROUTUROU, Margarida MARQUES, Clotilde ARMAND, Elisabetta GUALMINI

Motion for a resolution
Paragraph 14

Amendment 312 #

Paul TANG, Ernest URTASUN, Rasmus ANDRESEN, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Joachim SCHUSTER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 14 a (new)

14a. Supports the work of the Commission to develop a levy based on the operations of large enterprises; considers that multinational corporates have been able to increase their profitability thanks to the EU’s single market without having had to contribute to the maintenance and deepening of this market; calls in this context for a levy on the largest corporates with a global turnover of €750 million for their usage of the single market; considers that the size of this levy should correspond to the size of the business and that the revenues of this levy should be used to repay EU-debt incurred through Next Generation EU;

Amendment 313 #

Motion for a resolution
Paragraph 14 a (new)

14a. Underlines that both types of revenues, environmental and non- specifically environmental, will be indispensable for the establishment of a reliable basket of new genuine own resources, since the amount of income produced by environmental revenues will proportionally decrease over the time with the adoption of green practices by contributors and will therefore need to be compensated by resources generated by single market revenues; stresses the emergency to agree on the own resources with the highest potential revenues;

Amendment 314 #

Valérie HAYER

Motion for a resolution
Paragraph 14 a (new)

14a. Recalls that according to the principle of universality, any new own resource shall be used without distinction to finance all expenditure entered in the Union's annual budget; considers that, in this regard, the use of new own resources for the repayment of the EU borrowing linked to the recovery instrument is a unique and necessary exception to the principle of universality;

Amendment 315 #

Motion for a resolution
Paragraph 14 a (new)

14a. Calls on the Commission to take account of the stranded assets in energy projects that might result in each EU Member State as a result of transition; underlines that in order to compensate for the economic losses related to transition, investments are needed for the energy projects that have already been started and that act as a transition solution from fossil fuel to green energy;

Amendment 316 #

Motion for a resolution
Paragraph 14 a (new)

14a. Recalls that slowing down the climate change is an urgent challenge that the EU cannot tackle on its own; in this respect, the Carbon Border Adjustment Mechanism would be an important tool to discourage high carbon footprint manufacturing also in third countries, and would provide a level playing field for EU manufacturers subject to the EU Emissions Trading System;

Amendment 317 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 14 a (new)

14a. Regrets the U.S. decision to withdraw from the global digital tax talks under the OECD framework; recalls the urgency and the need of a digital tax adapted to the reality of the new century; calls the European Commission to put a new European proposal on the table by the end of 2020;

Amendment 318 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN

Motion for a resolution
Paragraph 14 a (new)

14a. Deplores the Commission's approach to creating new European taxes such as the "carbon tax" or the "plastic tax", which would have a very negative impact on consumers and businesses at an already difficult time for the recovery of the economy hit hard by the crisis of the Coronavirus;

Amendment 319 #

Motion for a resolution
Paragraph 14 a (new)

14a. Stresses that the path to climate neutrality should require a contribution from all economic sectors to reduce their emissions to close to zero and asks the Commission to establish an instrument based on the polluter pays principle;

Amendment 32 #

Paul TANG, Carmen AVRAM, Evelyn REGNER, Alfred SANT, Joachim SCHUSTER, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas the Covid-19 sanitary crisis underlines the importance of investments in a socially and environmentally sustainable economy, in particular investments promoting cutting edge R&D, competitive industry, deepening and strengthening of the single market, strong SMEs, healthcare, a strong welfare system and social wellbeing,

Amendment 320 #

Pierre LARROUTUROU, Elisabetta GUALMINI

Motion for a resolution
Paragraph 14 a (new)

14a. Calls on the Commission to adopt by June 2021 an updated tracking methodology to monitor and report trends regarding capital flows towards sustainable investments as per the EU Taxonomy regulation;

Amendment 321 #

Motion for a resolution
Paragraph 14 b (new)

14b. Warns that the European Parliament will stand firm on its position to demand all the new own resources mentioned in this report, in order to at least cover the interests and capital of the Next Generation EU package as well as bridging the funding gap of the Green Deal in the short and long term;

Amendment 322 #

Paul TANG, Gilles BOYER, Ernest URTASUN, Rasmus ANDRESEN, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Joachim SCHUSTER, Niels FUGLSANG, Aurore LALUCQ, Eero HEINÄLUOMA, Siegfried MUREŞAN, Pedro MARQUES

Motion for a resolution
Paragraph 14 b (new)

14b. Calls on all Member States to join the enhanced cooperation framework to implement a Financial Transaction Tax;

Amendment 323 #

Pierre LARROUTUROU, Elisabetta GUALMINI

Motion for a resolution
Paragraph 14 c (new)

14c. Insists that with only 2 own resources, the FTT and the CCCTB, the EU budget would benefit from substantial new revenues and this would almost double the EU Budget, without asking 1€ more to the budget of Member States and underlines that they complement each other well, since the CCCTB revenue tends to decrease in a time of crisis, while the FTT increases ; Regrets that despite commitments by the European Council in 2013 on the adoption of new own resources, there are still no genuine new own resources in 2020; believes that the adoption of genuine new own resources constitutes a “moment of truth” for the future of the European Union and its credibility on the Green Deal agenda; recalls that the Parliament will not give its approval to the MFF if there is no agreement on the reform of the Union's own resources system and underlines that without serious funding based on own resources, the Green Deal risks becoming a mere greenwashing exercise, which the Parliament also disapproves;

Amendment 324 #

Motion for a resolution
Paragraph 14 d (new)

14d. Notes that the conditions that applied to the UK for supporting the introduction of rebates, as set in the European Council conclusions of Fontainebleau in 1984, are no longer in place; asks therefore for the elimination of all the remaining correction mechanisms granted to Germany, Austria, Denmark, Sweden and the Netherlands, making therefore the structure of the EU budget more transparent and generating additional funding for the investment plan;

Amendment 325 #

Motion for a resolution
Paragraph 14 e (new)

14e. Calls on the Commission to propose improvements to the existing legal bases or the creation of new legal bases so that the Green Deal can be deployed in all our territories as from 2021;

Amendment 326 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Aurore LALUCQ

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its ~~energy~~climate strategy and transport lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; calls on the EIB to end support to unsustainable transport projects including airports and motorways, and to make support to carbon-intensive companies conditional upon the publication of science-based climate targets and sustainable transition plans in line with the social and environmental transition; calls on the EIB to ensure financial intermediaries are not exposed to activities not supported by the EIB;

Amendment 327 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; encourages the EIB to play an active role in supporting projects that contribute to a just transition, such as research, innovation and digitalisation, SMEs’ access to finance, and social investment and skills, while taking into account the additionality that EIB financing can provide in combination with other sources;

Amendment 328 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition to develop a clear and transparent methodology using the EU Taxonomy to ensure that all the projects financed will be aligned with the temperature goals of the Paris Agreement, consistent with the transition towards a climate neutral economy and “do no significant harm” to biodiversity and ecosystems;

Amendment 329 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 15

15. Welcomes the ~~efforts of~~adoption by the European Investment Bank (EIB) ~~to revise its~~of its new energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; asks for a review of the Implementation Strategy in 2020 for Paris Alignment, including a concrete roadmap for reaching the 50% granular target by 2025; as well as guarantees for climate neutrality of the remaining lending following an open and transparent public consultation process;

Amendment 33 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Carmen AVRAM, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas the spending required to support European economies raise the question of how incurred debt will be repaid; whereas it is important to prevent the increase in inequalities suffered following the previous crisis, where the burden on citizens was increased to bail out banks,

Amendment 330 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; notes the recent statement made by EIB President Werner Hoyer that the Bank has exhausted the lending space, and that a strengthening of the EIB’s capital base is necessary in order to carry on with the ambitious projects underpinning the transition to a sustainable economy;

Amendment 331 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its ~~energy~~ lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; calls on the EIB to use the EU taxonomy to ensure that all projects financed respect the ‘do no harm’ principle and align its activities with the goals and principles of the Paris Agreement, as set out in its ‘Climate Bank Roadmap’;

Amendment 332 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 15

15. Welcomes EIB's role in the European Green Deal Investment plan and the Just Transition Mechanism provided the EIB maintains its AAA rating; welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; underlines that the EIB's remains a demand driven investment bank;

Amendment 333 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; calls on the EIB to review and modify its climate action definitions, namely the environmental sustainability financing definitions, in line with the EU taxonomy;

Amendment 334 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality and compliance with the Paris Agreement particularly to contribute equitably to the temperature goal of limiting global warming to 1.5 C, by reducing Union emissions by 65% by 2030 compared to 1990 while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition;

Amendment 335 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy ~~and~~, to devote 50 % of its operations to climate action and environmental sustainability, to end financial support to fossil fuel projects by the end of 2021 and to align all its portfolio, including EIF operations, with the goals of the Paris Agreement; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition;

Amendment 336 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability, while calling on sustainability and the do no significant harm principle to be adhered to in all EIB activities; calls on the EIB to commit to the sustainable transition towards climate neutrality and circular economy while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition;

Amendment 337 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; Underlines the need for the EIB to include various stakeholders in determining the necessity of projects to be co-financed by it;

Amendment 338 #

Motion for a resolution
Paragraph 15

15. Welcomes the ~~efforts of~~decisions taken on 14 November 2019 by the EIB’s Management Board to align the EIB’s policies with the goal of limiting global warming to a maximum of 1.5°C above pre-industrial levels; welcomes the European Investment Bank (EIB) to revise ~~its~~d energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition, calls for a concrete roadmap for reaching the 50 % granular target devoted to climate action and environmental sustainability by 2025, as well as guarantees for climate neutrality of the remaining lending following an open and transparent public consultation process;

Amendment 339 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; commends the EIB's commitment to ending financing of fossil fuel energy projects by 2021; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition;

Amendment 34 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Csaba MOLNÁR, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas creating a sustainable economic system is central to developing long-term strategic autonomy of the European Union and to increase the EU’s resilience,

Amendment 340 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 15

15. W~~elcomes~~arns that the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transitionould lead to asset bubbles in those markets concerned; calls on the EIB to respect the different energy mixes of Member States;

Amendment 341 #

Motion for a resolution
Paragraph 15

15. Welcomes th~~e efforts of~~at the European Investment Bank (EIB) to revised its energy lending policy ~~and~~ to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards ~~climate neutrality while taking into account the different energy mixes of Member States and~~real zero emissions by 2040 while devoting particular attention to the sectors and regions most affected by the transition;

Amendment 342 #

Motion for a resolution
Paragraph 15

15. Welcomes the efforts of the European Investment Bank (EIB) to revise its climate strategy, its transport and energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition;

Amendment 343 #

Motion for a resolution
Paragraph 15 a (new)

15a. Stresses that considering the bank’s level of financing for projects supporting and protecting the natural environment and human well-being of €16.52 billion in 201923a, under a commitment by that time for a 25% share of its financing dedicated to it, considered together with its commitment to rise this share up to 50%, that capacity will increase by 16 billion € maximum, while the financing needs to reach carbon neutrality by 2050 amounts to 660 bn EUR/year; recalls that the Bank’s response to the Covid-19 pandemic should result in a 240 bn EUR investments and was made possible in a matter of weeks; __________________ 23a https://www.eib.org/en/about/priorities/cli mate-and- environment/environment/index.htm

Amendment 344 #

Motion for a resolution
Paragraph 15 a (new)

15a. Takes note of the EIB’s position paper of June 15th 2020 and reiterates its call for ambition and binding measures, in particular for conditioning support to phase out measures in line with the 2050 EU decarbonisation goals as well as strengthening of the eligibility criteria for climate action in order to avert the risk of investments not resulting in significant reductions in greenhouse gases (GHG); in addition, calls for all financial intermediaries receiving EIB funding to have a decarbonisation plan;

Amendment 345 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 15 a (new)

15a. Underlines that the financing needed to reach carbon neutrality by 2050 amounts to 500 bn EUR/year and insists that at least half of it should be raised from private investments; specific dialogues between public and private sectors, as well as between financial institutions and industry representatives should facilitate private investment into sustainable projects; such dialogues will be based on the findings of scientific research which should also receive financing under SEIP;

Amendment 346 #

Motion for a resolution
Paragraph 15 a (new)

15a. Calls for the EIB to provide lower entry thresholds for sustainable finance in order to allow also SMEs to access and increase the effectiveness of its investments; calls on the Commission in synergy with the EIB and the national promotional banks to directly channel at least 40% of the funding generated by the Green Deal towards transparent and easily accessible programs dedicated to European SMEs and micro-sized enterprises;

Amendment 347 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Csaba MOLNÁR, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 15 a (new)

15a. Considers that for the EIB to play a successful role in financing the Green Deal, a bottom-up and participatory approach is crucial, and to better coordinate with various stakeholders, such as local and regional authorities and representatives from civil society;

Amendment 348 #

Motion for a resolution
Paragraph 15 a (new)

15a. Stresses that the EIB’s response to the Covid-19 pandemic should be consistent with the objectives of the SEIP; notes however that not all financed projects can contribute to achieving EU’s climate and insists that this should not prevent their financing;

Amendment 349 #

Motion for a resolution
Paragraph 15 a (new)

15a. Calls on the EIB to end support for unsustainable transport projects and to condition support to large high-carbon companies with the adoption and publication of verifiable transition plans to reach climate neutrality objectives;

Amendment 35 #

Paul TANG, Gilles BOYER, Manon AUBRY, Evelyn REGNER, Joachim SCHUSTER, Niels FUGLSANG, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Recital -A (new)

-A. whereas environmental taxes represented 6% of all tax income in EU Member States in 2018, while global fossil fuel subsidies constitute over 6 % of global GDP1a, __________________ 1aEnvironmental tax revenues, Last update: 24-02-2020 https://appsso.eurostat.ec.europa.eu https://www.imf.org/en/Publications/WP/I ssues/2019/05/02/Global-Fossil-Fuel- Subsidies-Remain-Large-An-Update- Based-on-Country-Level-Estimates-46509

Amendment 350 #

Rasmus ANDRESEN, Ernest URTASUN

Motion for a resolution
Paragraph 15 b (new)

15b. Recalls that since 2015 more than 2 600 billion EUR have been created by the ECB with no condition that this money feeds the real economy, creates jobs or finances climate action or contributes to achieve the sustainable development goals, resulting in only 11% of these sums arriving in the real economy; recalls that in 2008, technical solutions were found in less than a week in several countries to make sure that the 1000 bn EUR created by the ECB would be channelled to save the banks; recalls, that in 2020, even before the launch of the PEPP in the context of the covid-19 outbreak (1350 bn EUR announced between 18 March and 19 June), the ECB decided to increase its balance sheet by additional 240 bn EUR24a; recalls that on the 18th of June, the ECB lended additional 1 308 bn EUR at negative interest rate (-1%) in the context of its TLTRO program; insists that the monetary creation by the ECB could be halved and have a better impact on the stability of the economy, and limit the leaks towards speculation, if these volumes were channelled towards investments for climate and jobs through the Climate Bank; __________________ 24a https://www.lalibre.be/economie/placemen ts/la-bce-va-racheter-20-milliards-d- euros-de-dettes-chaque-mois- 5d7a30ecd8ad5847dc99577d

Amendment 351 #

Motion for a resolution
Paragraph 15 b (new)

15b. Recalls that the review of the EIB transport lending policy is a key priority and calls for the swift adoption of a new transport financing policy to support the decarbonisation of the EU transport sector by 2050 including by ending EIB support to aircrafts fuelled by kerosene and by linking EIB support to airports to the condition that airports do not increase capacity; calls for new policies to be implemented in the carbon-intensive industrial sectors in which the EIB is active, such as cement, petrochemicals and steel, focusing on the sustainability and transition of these sectors and on the promotion of a circular economy based on non-toxic material cycles, with a view to aligning all sectoral loans to achieving climate neutrality by 2050 at the latest; calls on the EIB to disclose annually the share if its assets that finances activities that qualify as environmentally sustainable according to the EU Taxonomy;

Amendment 352 #

Paul TANG

Motion for a resolution
Paragraph 15 b (new)

15b. Stresses that for the SEIP to be effective, the EU needs to work with its financing partners, including the EIB, the EBRD, the NPBIs and other IFIs. Welcomes the energy strategy adopted by European Bank for Reconstruction and Development (EBRD) in 2018, which puts decarbonisation at the centre of its operation in this sector, and of the EBRD’s climate financing ratio of 46% in 2019;

Amendment 353 #

Rasmus ANDRESEN, Ernest URTASUN

Motion for a resolution
Paragraph 15 c (new)

15c. Recalls that, in order for the EIB - Climate Bank to be able to increase its lending substantially, it must have new equities, but that a large number of Member States do not wish to increase their holdings in the EIB's capital; recalls that, while the ECB is not entitled to become a shareholder of the EIB, there is nothing to prevent it from providing the EIB with quasi-equity through subordinated loans; points out that if it were to provide 100 billion of quasi- equity, the ECB would increase the EIB's equities by 50 billion, enabling the EIB - Climate Bank to develop a much more ambitious lending policy, gradually increasing to an interest-free lending capacity of 300 billion per year, which would make a much more significant contribution to meeting the investment need estimated at at least 660 billion per year; invites the European Commission, the ECB and the EIB to study the possibility for the ECB to strengthen the quasi-equity capital of the EIB - Climate Bank (or of an EIB subsidiary specifically dedicated to the climate); and any other technical solution that would allow to achieve such lending volumes;

Amendment 354 #

Motion for a resolution
Paragraph 15 c (new)

15c. Takes also note of the energy strategy adopted by European Bank for Reconstruction and Development (EBRD) in 2018, and its climate financing ratio of 46% in 2019;

Amendment 355 #

Motion for a resolution
Paragraph 15 d (new)

15d. Calls as a matter of urgency for Parliament’s powers to be strengthened as regards the strategic direction and policies of the EIB to ensure democratic scrutiny of investments;

Amendment 356 #

Motion for a resolution
Paragraph 16

Amendment 357 #

Motion for a resolution
Paragraph 16

16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs) in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreement; stresses that given their experience and capabilities at national and regional level, national promotional banks and institutions can be instrumental in the maximisation of the impact of public funds and may be selected as implementing partners under InvestEU to help achieve the Union's climate objectives;

Amendment 358 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 16

16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs) in the financing of sustainable projects of the Green Deal linked to the SEIP, thereby contributing to the achievement of the goals of the Paris Agreement; underlines that the European Bank for Reconstruction and Development (EBRD) can help to achieve the SEIP and mobilise investments in Europe and beyond for the protection of climate and environment;

Amendment 359 #

Motion for a resolution
Paragraph 16

16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs) in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreement and EU's other environmental objectives; underlines the importance of ensuring local technical support for project promoters and innovation and the role of project nurseries helping projects to mature to receive financing;

Amendment 36 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Carmen AVRAM, Niels FUGLSANG, Evelyn REGNER, Aurore LALUCQ

Motion for a resolution
Recital -A (new)

-A. whereas tax exemptions for the aviation and maritime sectors may also distort competition between industrial sectors and may promote inefficient and polluting modes of transport,

Amendment 360 #

Motion for a resolution
Paragraph 16

Amendment 361 #

Paul TANG, Sirpa PIETIKÄINEN, Petros KOKKALIS, Carmen AVRAM, Evelyn REGNER, Csaba MOLNÁR, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 16

16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs), including the European Bank for Reconstruction and Development and the World Bank, in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreement;

Amendment 362 #

Pierre LARROUTUROU, Siegfried MUREŞAN, Margarida MARQUES

Motion for a resolution
Paragraph 16

16. Recognises the important role of the national promotional banks and institutions (NPBIs) and of international financial institutions (IFIs) in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreement;

Amendment 363 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 16

16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs) in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreementsound monetary polices, a stable money supply, stable prices and normal interest rates in the financing of sustainable projects, which require longer time horizons and have lower time preference;

Amendment 364 #

Motion for a resolution
Paragraph 16 a (new)

16a. Underlines as well the NPBIs’ advantages in the conception, management and financing of relatively smaller projects, from their experience in this field; welcomes therefore their involvement in different aspects of the Sustainable Europe Investment Plan, as the most adequate bodies to channel European level investments towards to the ground at local scale;

Amendment 365 #

Motion for a resolution
Paragraph 16 a (new)

16a. Underlines the importance of facilitating access to public and private finance to support increased green investment, development and access to the digitalization tools, modernization and innovation that will enable farmers, the agricultural sector and rural areas to meet the challenges and opportunities of realizing the objectives and ambition of the Green Deal;

Amendment 366 #

Motion for a resolution
Paragraph 16 a (new)

16a. Notes that public investment can help sustainable recovery and resilience where finance is directed to green investments, such as electricity grids, super and smart grids, railway networks and railroads, energy efficiency, circular economy projects;

Amendment 367 #

Motion for a resolution
Paragraph 16 a (new)

16a. Invites the Member States to set up independent Recovery and Resilience Supervising Authorities to monitor the implementation of the EU recovery funds;

Amendment 368 #

Motion for a resolution
Paragraph 16 b (new)

16b. Stress that the differing starting points and potential for development of different regions and Member States must be taken into consideration in the development of national plans, allocation of funding and in the longer term financial perspective;

Amendment 369 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Paul TANG, Billy KELLEHER

Motion for a resolution
Paragraph 17

17. ~~Recalls the statement of the ECB~~Considers that the fight against climate change and the promotion of sustainability is within the mandate of the ECB and recalls the statement of its President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios~~; calls on the ECB to evaluate the feasibility of including sustainabi~~ and welcomes the ambition displayed in the recent Eurosystem reply to the European Commission’s public consultations on the Renewed Sustainable Finance Strategy and the revision of the NonFinancial Reporting Directive; calls on the ECB to undertake its monetary politcy ~~criteria i~~strategy review to align its collateral framework and its annual stress testing exercise~~, while~~ with the Paris agreement, and to disclose annually its level of alignment with the Paris agreement while setting a clear roadmap with targets - using appropriately the EU Taxonomy for these actions where relevant, while also assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis;

Amendment 37 #

Motion for a resolution
Recital -A a (new)

-Aa. whereas a Green New Deal, or any manipulation of these words, cannot be realised if its bedrock is a neoliberal funding model, such as that proposed in the Sustainable Europe Investment Plan, which is based on enabling private investment, seed funding and consumption-based taxes as own resources,

Amendment 370 #

Motion for a resolution
Paragraph 17

17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis; believes that ECB should align its collateral framework and the Corporate sector purchase program on the EIB commitment to phase out fossil fuels from 2021; believes that the ECB should also exclude nuclear from its collateral framework and the Corporate sector purchase program;

Amendment 371 #

Paul TANG, Sirpa PIETIKÄINEN, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Niels FUGLSANG, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 17

17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis; encourages the ECB to move forward with its monetary policy review in order to evaluate the financing of economic activities causing significant harm to environmental and social objectives; calls on the ECB to disclose annually its degree of alignment with the Paris Agreement and its exposure to the EU taxonomy;

Amendment 372 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 17

17. Recalls the statement of the ECB President that the ECB isaims at supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios and as a way of swiftly rebalancing its carbon-intensive bond portfolio in the context of the Corporate Sector Purchase Programme (CSPP); calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis; calls on the ECB to disclose annually the share of its assets that finances activities that qualify as economically sustainable according to the EU Taxonomy;

Amendment 373 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Esther DE LANGE

Motion for a resolution
Paragraph 17

Amendment 374 #

Motion for a resolution
Paragraph 17

17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; emphasizes that environmental and climate disasters more and more poses financial stability risks and, therefore, prudential regulation and supervision shall better incorporate those long-term risks in their assessments; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis;

Amendment 375 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 17

17. ~~Recalls~~Takes note of the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisisquestions whether these operations fall within the scope of the mandate of the ECB, as enshrined in article 127 TFEU;

Amendment 376 #

Motion for a resolution
Paragraph 17

17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; considers that the ECB should take the taxonomy as an essential eligibility criteria of the Corporate Sector Purchase Programme; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis;

Amendment 377 #

Motion for a resolution
Paragraph 17

Amendment 378 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 17

17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; considers that such a taxonomy should be fully compatible with the EU Taxonomy Regulation; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis;

Amendment 379 #

Motion for a resolution
Paragraph 17

Amendment 38 #

Motion for a resolution
Recital -A a (new)

-Aa. whereas the general escape clause of the Stability and Growth Pact has been activated;

Amendment 380 #

Motion for a resolution
Paragraph 17

Amendment 381 #

Motion for a resolution
Paragraph 17

Amendment 382 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 17 a (new)

17a. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to develop annual climate stress tests on financial institutions they supervise, as currently discussed notably in the Central Banks and Regulators Network for Greening the Financial System (NGFS), in order to understand where and how far climate- related financial risks sit in the portfolios of relevant EU financial institutions;

Amendment 383 #

Motion for a resolution
Paragraph 17 a (new)

17a. Recalls that a significant percentage of the common agricultural policy (CAP) envelope will be used to support environmental and climate- related objectives and requirements; recalls that the reform of the CAP is still ongoing and discussions are underway concerning these environmental and climate-related objectives and requirements;

Amendment 384 #

Motion for a resolution
Paragraph 17 a (new)

17a. Supports the calls from the European Central Bank and the Central Banks and Regulators’ Network for Greening the Financial System (NGFS) to extend the EU taxonomy to unsustainable economic activities as soon as possible; urges Commission to present a legislative proposal in this regard before the end of 2020;

Amendment 385 #

Paul TANG, Gilles BOYER, Sirpa PIETIKÄINEN, Petros KOKKALIS, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Niels FUGLSANG, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 17 a (new)

17a. Supports the calls from the European Central Bank and the Central Banks and Regulators’ Network for Greening the Financial System (NGFS) to extend the EU taxonomy to unsustainable activities as soon as possible, enabling financial regulators to better assess sustainability-related financial risks;

Amendment 386 #

Motion for a resolution
Paragraph 17 a (new)

17a. Calls on the ECB to produce by the end of 2020 a public report on the possibility to cancel the share of public debt held by the ECB; believes such a debt relief will support Member states’ investment in sustainable activities and meet their obligations under the Paris Agreement;

Amendment 387 #

Motion for a resolution
Paragraph 17 a (new)

17a. Calls on the ECB to disclose annually its degree of alignment with the Paris Agreement and its exposure to the EU Taxonomy;

Amendment 388 #

Paul TANG, Sirpa PIETIKÄINEN, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 17 b (new)

17b. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to rapidly develop annual climate scenario testing on financial institutions they supervise, as currently discussed notably in the NGFS, in order to understand where and how far climate-related financial risks sit in portfolios of relevant EU financial institutions;

Amendment 389 #

Pierre LARROUTUROU, Sirpa PIETIKÄINEN, Paul TANG, Gilles BOYER

Motion for a resolution
Paragraph 18

18. Supports a renewed sustainable finance strategy in mainstreaming sustainability within all financial regulation through legislative reviews, particularly incorporating sustainability risks within credit rating methodologies, stress tests and capital requirements; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators ~~and creating a public sustainability data register~~with sector-specific Key Performance Indicators, a revision of the current corporate reporting framework into integrated reporting and accounting standards with independent auditing and a verification mechanism, and creating public electronic EU sustainability data register that allows for a comparison of companies based on their sustainability impact and performance against scientific climate and environmental targets; simplified reporting standards should be developed for SMEs to allow them to fully participate in capital markets;

Amendment 39 #

Motion for a resolution
Recital -A a (new)

-Aa. whereas the Statutes of the ECB provides in Article 2 that, if the objective of price stability is achieved and is not called into question, the ECB's monetary policy shall be conducted with a view to furthering the objectives of the EU as laid down in Article 3 of the EU Treaty, which explicitly mentions as objectives of the Union "the improvement of the quality of the environment", and that the ECB's stated intention to contribute actively to the success of the Green Deal is therefore by no means contrary to the Treaties,

Amendment 390 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Ivars IJABS, Valérie HAYER, Paul TANG, Billy KELLEHER

Motion for a resolution
Paragraph 18

18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register with transparent methodologies to ensure that the data can be analysed independently in order to reduce over- reliance on non-EU data providers and any potential conflict of interest between rating and label providers removed, noting in particular the recommendation from the CMU High-Level Forum to include SRD and NFRD data in a EU Single Access Point;

Amendment 391 #

Paul TANG, Petros KOKKALIS, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Csaba MOLNÁR, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 18

18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), ~~and~~ for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators ~~and creating a public sustainability data register~~with sector- specific Key Performance Indicators, an EU public sustainability data register and mainstreaming sustainability within all financial legislation through legislative reviews, enabling investors to better act upon their sustainability preferences;

Amendment 392 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 18

18. Supports a renewed sustainable finance strategy; underlines the need for an evolving EU eco-label for financial products, for an binding EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register; deems that a significant share of the EU bonds to be issued to finance the EU recovery plan should be issued in accordance with the EU GBS;

Amendment 393 #

Motion for a resolution
Paragraph 18

Amendment 394 #

Motion for a resolution
Paragraph 18

Amendment 395 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 18

18. Supports a ~~renewed~~ sustainable equity- finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register based on sound economics; underlines the need for more reliable, comparable and accessible sustainability data obtained by independent market research;

Amendment 396 #

Motion for a resolution
Paragraph 18

18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and EU climate transition benchmark and a Paris-aligned benchmark, for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register;

Amendment 397 #

Motion for a resolution
Paragraph 18

18. Supports a renewed sustainable finance strategy; underlines the need ~~for an EU eco-label for financial products,~~ for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register;

Amendment 398 #

Paul TANG, Sirpa PIETIKÄINEN, Petros KOKKALIS, Joachim SCHUSTER, Alfred SANT, Pierre LARROUTUROU, Evelyn REGNER, Pedro MARQUES

Motion for a resolution
Paragraph 18 a (new)

18a. Commends the progress made on the basis of the initiatives included in the 2018 Sustainable Finance Action Plan; calls for the swift adoption of secondary legislation, taking into account the full range of sustainability criteria and indicators; calls specifically for a swift implementation of the “do not significantly harm” principle as outlined in the disclosure and taxonomy regulations; highlights the importance of having equally ambitious disclosure requirements for all financial products;

Amendment 399 #

Motion for a resolution
Paragraph 18 a (new)

18a. Insists that more reliable, comparable and accessible sustainability data is indispensable to make the EU’s sustainable finance system work in practice. Companies’ reporting requirements must be aligned with the taxonomy and the disclosure regulation and made available in a standardised and digital format. A public sustainability data register is instrumental in making data publicly available and can relieve burdens both for investors and intermediaries as ‘a single access point’;

Amendment 4 #

Motion for a resolution
Citation 13 a (new)

- having regard to the Regulation on the establishment of a framework to facilitate sustainable investment and the Regulation (EU) 2019/2088,

Amendment 40 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Recital -A b (new)

-Ab. whereas the level of public debt rose during the covid crisis, these debts cannot be repaid, and the ECB holds a share of Member states' debt;

Amendment 400 #

Motion for a resolution
Paragraph 18 a (new)

18a. Believes that it is correct to discourage unsustainable investments, but also firmly believes that companies who follow the rules on sustainable investments must be rewarded, on the one hand to encourage economic investments in sustainable activities and on the other to prevent companies from delocalizing their activities in third countries with different environmental objectives with respect to climate neutrality;

Amendment 401 #

Motion for a resolution
Paragraph 18 a (new)

18a. Calls on the Commission to propose the necessary legislative and non- legislative measures to incentivize sustainable retail investment, including standardised and accessible sustainability information disclosed for retail funds and measurement of their sustainability impacts on the ground;

Amendment 402 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Motion for a resolution
Paragraph 18 b (new)

18b. Reminds that the EIB is the world's largest issuer of green bonds and a pioneer in launching the successful green bonds which have raised more than EUR 23 billion over 11 years, with the global green bond market now worth more than EUR 400 billion; notes that a major challenge has been to set common standards so as to avoid greenwashing; welcomes the EIB's new Sustainability Awareness Bonds, launched in 2018 and designed to support investment related to the UN Sustainable Development Goals; underlines the importance of setting common standards regarding these new bonds to ensure that projects are transparent, verifiable and measurable; calls on the EIB to continue and to expand the issuance of green bonds, aimed at facilitating implementation of the European Green Deal, eligible for purchases by the European Central Bank, and to help develop the green bonds market built on work under the EU Action Plan on Financing Sustainable Growth and the EU Taxonomy;

Amendment 403 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Joachim SCHUSTER, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 18 b (new)

18b. Calls on the Commission to swiftly follow the advice of the Technical Expert Group on Sustainable Finance and fully exclude nuclear energy generation as a sustainable activity as defined by the taxonomy framework, including as a transitional activity;

Amendment 404 #

Motion for a resolution
Paragraph 18 b (new)

18b. Invites the Commission to take a gradual approach in introducing a harmonized eco-label on financial products, to allow all market players to have the right time to adapt to standards;

Amendment 405 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE, Lídia PEREIRA

Motion for a resolution
Paragraph 19

Amendment 406 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 19

Amendment 407 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Niels FUGLSANG, Pedro MARQUES

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework, including through an evaluation of extending the scope of taxonomy and the development of an EU Social Bond Standard; Calls for the “Do Not Significantly Harm” principle to look at concrete social objectives including employee absenteeism, percentage of full- time employees and employees on long- term contracts, the percentage of salaries above living-wage, gender and ethnic pay gap, ratio in salary and variable remuneration between CEOs and average employees, tax compliance and corruption practices; calls for the activities pursued by companies who fail to achieve a sufficient score on any one of the above parameters to not qualify as sustainable economic activities as defined by the Disclosure Regulation and the Taxonomy Regulation;

Amendment 408 #

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework, including through an evaluation of extending the scope of taxonomy and the development of an EU Social Bond Standard; recalls that, by December 2021, the Commission should publish a report laying down the requirements for extending the scope of the Taxonomy Regulation to cover social objectives;

Amendment 409 #

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework, including through an evaluation of extending the scope of taxonomy and ~~the development of an EU Social Bond Standard~~an ambitious review of the European Non- Financial Reporting Directive;

Amendment 41 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal, driving the long term competitiveness of the EU and the transition towards a more just, sustainable and resilient economy; underlines that the plan should take account of the experiences of previous programmes (the ‘Juncker Plan’) and place a special emphasis on truly additional investments of European added value; calls for coordinated actions to tackle the investment gap across the EU; believes that creating a net employment effect with new high quality jobs, reducing inequalities and contributing to the goals of the European Pillar of Social Rights should be overall goals of the climate transition and the SEIP;

Amendment 410 #

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework as soon as possible, including through an evaluation of extending the scope of taxonomy and the development of an EU Social Bond Standard;

Amendment 411 #

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework, including through ~~an evaluation of extending the scope of taxonomy and~~ the development of an EU Social Bond Standard;

Amendment 412 #

Motion for a resolution
Paragraph 19

19. Insists on the integration of social objectives in the sustainability framework, including through ~~an evaluation of~~the foreseen exten~~ding~~sion the scope of taxonomy and the development of an EU Social Bond Standard;

Amendment 413 #

Motion for a resolution
Paragraph 19 a (new)

19a. Recalls Article 26(2) of the taxonomy regulation (EU) 2020 /… [Taxonomy Regulation] of the European Parliament and of the Council which mandates the European Commission to assess the implementation of a brown taxonomy by December 31st 2021;

Amendment 414 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER

Motion for a resolution
Paragraph 19 a (new)

19a. Calls for the creation of a brown taxonomy as recommended by the European Central Bank and the Central Banks and Regulators network for Greening the Financial System;

Amendment 415 #

Motion for a resolution
Paragraph 20

20. Insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates; welcomes the preparation of a sustainable corporate governance initiative;deleted

Amendment 416 #

Motion for a resolution
Paragraph 20

20. Insists on the integration of governance objectives, in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures binding rules as regards gender parity and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates; welcomes the preparation of a sustainable corporate governance initiative and the upcoming revision of the EU Non-Financial Reporting requirements; underlines that such revision should ensure a comprehensive an high quality sustainability reporting by private sector participants; calls on the Commission to table a legislative proposal on directors duties including mandatory sustainability strategies and measurable targets for large companies;

Amendment 417 #

Paul TANG, Manon AUBRY, Evelyn REGNER, Joachim SCHUSTER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 20

20. IEndorses the call by the High Level Expert Group on Sustainable Finance for new measures to foster long- termism to benefit people and planet; insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates together with liability and access to remedy in EU court; welcomes the preparation of a sustainable corporate governance initiative; which should include a legislative proposal on directors duties including mandatory sustainability strategies and measurable targets for large companies;

Amendment 418 #

Motion for a resolution
Paragraph 20

Amendment 419 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Enikő GYŐRI, Othmar KARAS, Christian DOLESCHAL, Inese VAIDERE, Esther DE LANGE, Lídia PEREIRA

Motion for a resolution
Paragraph 20

20. Insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence fovites the Commission to analyse how a long-term perspective can be better fin~~ancial institutions and large corporates; welcomes the preparation of a sustainabl~~corporated into the corporate governance ~~initiativ~~regime;

Amendment 42 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy, underlining that all public and private finance should adhere to the EU Taxonomy and to the do no significant harm principle. Finance through the EU budget, the European Semester, the EU financial instruments such as the Next Generation EU, the EU Investment Plan, cohesion funds and structural and investment funds, as well as the EIB, ECB and operations should not go to projects and activities that significantly harm social or environmental objectives;

Amendment 420 #

Motion for a resolution
Paragraph 20

20. ICalls for new measures, including tax incentives, to encourage long-termism in the benefit of people and planet; insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long- term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates; welcomes the preparation of a sustainable corporate governance initiative;

Amendment 421 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Valentino GRANT, Marco ZANNI, Antonio Maria RINALDI

Motion for a resolution
Paragraph 20

20. Insists on the integration of governance objectives in the sustainability framework~~, including~~ withrou~~gh additional voting rights for long-term shareholders, reform of rem~~t creating extra red tape and costs for both underation structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates; welcomes the preparation of a sustainable corporate governance initiativetakings, shareholders and customers, like we have seen in the aftermath of the chaotic implementation of MiFID II;

Amendment 422 #

Paul TANG, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 20 a (new)

20a. Favours the extension of the sustainability framework to the corporate sector; calls for mandatory sustainability reporting and due diligence for both financial institutions and large corporates, for stricter corporate liability regarding sustainability risks and for better quality data reporting, including by introducing verification mechanism and independent auditing;

Amendment 423 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 20 b (new)

20b. Calls for an ambitious revision of the Non-Financial Reporting Directive, ensuring there is an equal obligation on all corporates operating in the EU market to disclose the impact of their activities on environmental, social and governance sustainability;

Amendment 424 #

Motion for a resolution
Paragraph 21

Amendment 425 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Pierre LARROUTUROU, Pedro MARQUES

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks including the Basel framework; calls for a review of the Credit Ratings Regulation to promote transparency in sustainability rating and an assessment of the possibility of inclusion of sustainability factors in prudential legislation; calls for the development of a brown taxonomy indicating investments facing increased exposure to climate risks and for the use of this brown taxonomy in the prudential framework;

Amendment 426 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks, which should be addressed in forthcoming reviews of the CRA, CRR/CRD and the Solvency frameworks; recognising the importance of the private sector in funding the transition to a sustainable economy, highlights the need to balance these measures with relevant incentives for investments in sustainable activities, therefore calls on the Commission to examine the prudential treatment of "green" exposures;

Amendment 427 #

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks; believes that for the evaluation of a project the credit rating is not a sufficient parameter because the evaluation of the project as a whole is necessary to ensure that all the pre- established criteria, not only of a credit nature, but also of sustainability, are consistently respected with the guidelines of the Commission;

Amendment 428 #

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities ~~may~~will lead to stranded assets with lock-in effects that will significantly impede the achievement of climate and environmental objectives; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks; recalls that the EU taxonomy considers economic activities to substantially contribute to climate change mitigation only when they do not lead to a lock-in in assets incompatible with the objective of climate-neutrality;

Amendment 429 #

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities ~~may~~will lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks; asks the Commission to put forward before the end of 2021 legislative proposals to upgrade the EU Banking Union rule book in order to fully integrate environmental risks, including risks related to stranded assets in the prudential framework and the supervisory review and evaluation process (SREP);

Amendment 43 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy; Emphasizes that the SEIP should go hand in hand with other main socio-economic long-term goals and priorities of the EU; Stresses that the SEIP must be built on the lessons learned from the socio-economic crisis related to the Covid-19 crisis in order to facilitate the development of a more inclusive and stronger economy in the years to come;

Amendment 430 #

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks; stresses that financial risks related to sustainability can be better addressed by extending the scope of the EU taxonomy to include unsustainable activities;

Amendment 431 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Paul TANG

Motion for a resolution
Paragraph 21

Amendment 432 #

Motion for a resolution
Paragraph 21

21. Recalls that investments and lending in unsustainable economic activities ~~may~~will lead to stranded assets or sunk investments with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks including Basel III;

Amendment 433 #

Motion for a resolution
Paragraph 21

21. Recalls thate risk of economically unviable investments and investments in unsustainable economic activities which may lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks;

Amendment 434 #

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considers th~~is risk to be insufficiently integrated~~e need for more clarity on how to integrate sustainability-related risks in credit ratings and prudential frameworks;

Amendment 435 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Othmar KARAS, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE, Esther DE LANGE, Siegfried MUREŞAN, Lídia PEREIRA

Motion for a resolution
Paragraph 21

21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; ~~considers~~points out that this risk needs to be insufficiently integrated in credit ratings and prudential frameworks;

Amendment 436 #

Motion for a resolution
Paragraph 21 a (new)

21a. Underlines the importance of attaching sustainability to capital market practice; recalls that private capital should be crucial to achieving sustainable goals and that to this end, further progress towards a Capital Markets Union should help to establish a clear channel between private investments and green activities; stresses the key role that could be played by European SMEs in this respect, to foster the necessary innovation and technologies for such transition;

Amendment 437 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 21 a (new)

21a. Considers that the future renewed EU sustainable finance strategy is a major opportunity to accelerate the transition towards more sustainable retail investment; calls therefore on the Commission to propose the necessary legislative measures to incentivize citizens to invest in sustainable finance, based on the criteria established by the Taxonomy [Regulation on establishment of a framework to facilitate sustainable investment];

Amendment 438 #

Motion for a resolution
Paragraph 21 a (new)

21a. In order to confront greenwashing and ultimately support the achievement of the objectives set out by the Green Deal, the Commission shall submit, by June 2021, a legislative proposal to the European Parliament and the Council establishing a Union-wide ban on advertising, sponsorship or any other promotional activities funded by companies deriving the majority of their income from fossil fuel extraction and supply;

Amendment 439 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL

Motion for a resolution
Paragraph 21 a (new)

21a. Calls on the Commission to revise the Non-Financial Reporting Directive and to table new legislation on corporate governance to ensure that all large companies operating in carbon-intensive sectors develop and publish their carbon emission reduction targets and transition plans in order to align their business with the Paris Agreement;

Amendment 44 #

Dragoş PÎSLARU, Linea SØGAARD-LIDELL

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy; calls on the Commission to adopt a technological neutral approach that creates a level playing field for all technology and sectors and to enshrine the principles of technological neutrality and life-cycle analysis (LCA) at the core of the Sustainable Europe Investment Plan;

Amendment 440 #

Motion for a resolution
Paragraph 21 a (new)

21a. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to develop annual climate scenario testing on financial institutions they supervise, as currently discussed in the NGFS, in order to understand climate-related financial risks in portfolios of relevant EU financial institutions;

Amendment 441 #

Motion for a resolution
Paragraph 21 a (new)

21a. Insists that all the options should be explored in order to facilitate the administrative procedures for the access of European SMEs to public and private financing under the SEIP; underlines that additional efforts need to be applied for informing SMEs on the new financing opportunities under SEIP;

Amendment 442 #

Motion for a resolution
Paragraph 21 a (new)

21a. Calls the Commission to ensure that European citizens do not pay twice the lack of investment of big CO2 emitting companies which did not use their free allocation within the ETS to make the sustainable investments needed to support the European effort towards climate neutrality;

Amendment 443 #

Motion for a resolution
Paragraph 21 a (new)

21a. Insists that public and private investment must complement each other, where possible, in mobilising finance for the Green Deal; stresses that private sector investment should not be crowded out so that funding for the sustainable Europe investment plan can be maximised;

Amendment 444 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Enikő GYŐRI, Othmar KARAS, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE, Siegfried MUREŞAN

Motion for a resolution
Paragraph 21 a (new)

21a. Recalls that sustainable investments do not necessarily come with a lower risk-profile than other types of investments; points out that sustainability considerations must therefore not come at the expense of financial stability considerations;

Amendment 445 #

Motion for a resolution
Paragraph 21 a (new)

21a. Insists on the need for more measures to ensure more reliability and comparability in sustainability ratings, including through common definitions and transparency in methodologies applied in sustainability assessments;

Amendment 446 #

Motion for a resolution
Paragraph 21 a (new)

21a. Calls on the Commission to revise the Credit Rating Regulation to ensure that sustainability-related risks are properly integrated;

Amendment 447 #

Motion for a resolution
Paragraph 21 b (new)

21b. Calls on the European Supervisory Authorities (ESAs) and the Single Supervisory Mechanism, together with national competent authorities (NCAs), to rapidly develop annual climate scenarios testing on financial institutions they supervise, as currently discussed notably in the NGFS, in order to understand where and how far climate-related financial risks sit in portfolios of relevant EU financial institutions;

Amendment 448 #

Motion for a resolution
Paragraph 21 b (new)

21b. Recalls that in order to attain a high level of financial absorption, the Commission has to provide technical assistance to national public authorities in drafting transition plans, as well as in related administrative procedures;

Amendment 449 #

Paul TANG, Petros KOKKALIS, Jonás FERNÁNDEZ, Evelyn REGNER, Pierre LARROUTUROU, Joachim SCHUSTER, Pedro MARQUES

Motion for a resolution
Paragraph 22

22. CHighlights the risk of reduced public spending on the sustainable transition in the context of the covid-19 crisis; calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; ~~supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner~~advocates for the creation of a Sustainable Green Golden Rule to exclude sustainable investments from the EU’s economic governance framework; calls for a sustainable development pact to survey the implementation of the sustainability objectives and the green investment gap in each Member State; welcomes that EU Taxonomy will guide investment in Europe’s recovery to ensure it is in line with the EU-long term ambitions ; calls for a greater transparency of the degree of sustainability of public investment at EU and Member State level; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner; supports the pledge by the Commission to explore how the EU Green Bond Standard, as well as other enabling frameworks, can increase public and private finance for sustainable investments;

Amendment 45 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy in line with the principle of territorial cohesion; is of the opinion that financing made available under SEIP should compensate for the economic and social efforts in green transition and create new opportunities for workers and businesses;

Amendment 450 #

Margarida MARQUES, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, ~~but stresses that whatever financing model is chosen must not undermine~~so as to spread public investment expenditures in sustainable economic activities through the life-cycle of corresponding gross capital formation; asks thereby the Commission to put forward legislative proposals on the EU fiscal rules with that purpose in the context of the 'six pack' and 'two pack' revision, points out that such revision is a necessary condition for ensuring the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how the EU Taxonomy ~~can~~should be used in the public sector; c~~alls for public support for airlines to be used in a sustainable and efficient manner~~onsiders that such endeavour should lead to the adoption of binding targets and minimum thresholds; calls for public support for airlines to be conditioned to the adoption of decarbonisation plans and to commitments to support the Union’s climate objectives;

Amendment 451 #

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; believes that the review of the EU's Economic governance framework should look at ways of incentivising Member States to undertake reforms and investments to tackle environmental challenges while preserving debt sustainability; calls on Member States to be more active in applying principles of green budgeting as a way to deliver on the objectives of the European Green Deal while improving the quality of public finances; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner;

Amendment 452 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector and calls therefore on the Commission to disclose which part of the Union's expenditure is compliant with the taxonomy categories as set out in the Regulation (EU)2020/[Taxonomy Regulation] and to adopt an updated tracking methodology to monitor and report trends regarding capital flows towards sustainable investment as per the taxonomy regulation (EU) 2020 /… [Taxonomy Regulation] of the European Parliament and of the Council; calls for public support for airlines to be used in a sustainable and efficient manner;

Amendment 453 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner; believes the subventions or loans allocated to large companies under Next Generation EU should be associated to counterparts, including a ban on dividends and bonuses, mandatory fiscal transparency with a public country by country reporting, mandatory reduction of the gender pay gap and the CEO pay ratio and concrete commitments and action plan to reduce their greenhouse emissions and negative impact on the environment;

Amendment 454 #

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner; and on the EU not to support the proposal put forward in the context of the International Civil Aviation Organisation (ICAO) to change the baseline from which the emissions growth of the sector will be measured, which could see airlines pay nothing for their climate impact until 2024;

Amendment 455 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN, Lídia PEREIRA

Motion for a resolution
Paragraph 22

Amendment 456 #

Marc ANGEL

Motion for a resolution
Paragraph 22

Amendment 457 #

Motion for a resolution
Paragraph 22

Amendment 458 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 22

Amendment 459 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 22

22. ~~Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but s~~Stresses that whatever financing model is chosen, it must ~~not undermine~~respect the sustainability of public finance in the EU~~; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector~~, especially the no debt clause enshrined in Article 311 TFEU; warns that applying taxonomy to the public sector can undermine national sovereignty of Member States and curb their exclusive competences; calls for public support for airlines to be used in a sustainable and efficient manner;

Amendment 46 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a ~~more sustainable and resilient economy~~highly energy and resource efficient, fully renewable-based, net zero GHG and toxic free economy by 2040;

Amendment 460 #

Motion for a resolution
Paragraph 22

Amendment 461 #

Motion for a resolution
Paragraph 22

Amendment 462 #

Motion for a resolution
Paragraph 22

Amendment 463 #

Motion for a resolution
Paragraph 22

Amendment 464 #

Motion for a resolution
Paragraph 22

22. Calls for the introduction of an enabling framework for public sustainable investments to collectively achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner;

Amendment 465 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 22 a (new)

22a. Call on the Commission to ask beneficiaries of its financial instruments in high emitting sectors, including projects supported by the European Investment Bank, to carry out a climate adaptation stress test, points out that if the beneficiary fails the climate adaptation stress test, they shall not be eligible to the Union's financial instrument; stresses that the European Commission should provide guidance to beneficiaries, based on the EU Strategy on adaptation to climate change and the European Environment Agency's data on how to align an investment project with climate adaptation requirements; stresses the need for such guidance to use appropriately the criteria established by [Regulation on establishment of a framework to facilitate sustainable investment];

Amendment 466 #

Paul TANG, Manon AUBRY, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 22 a (new)

22a. Calls for the general escape clause of the Stability and Growth Pact (SGP) to last throughout the current economic and sanitary crisis; highlights that high debt levels following the reactivation of the budgetary rules may result in excessive deficit procedures for many EU Member States; calls for the reform of the SGP with an expenditure rule that facilitates net public investments, allows for counter-cyclical action and takes into consideration the EU fiscal stance as a whole, so as to reduce the risk of severe austerity imposed following the reactivation of the SGP, and enable the investment needed for the recovery and the sustainable and just transition;

Amendment 467 #

Motion for a resolution
Paragraph 22 a (new)

22a. Recalls that, according to the Commission’s own calculations, a conservative estimate of additional investments needed to reach the EU’s current 2030 climate and environmental policy goals would stand at around €470bn per year; notes that the EU’s fiscal rules, which are currently suspended, would render these investments impossible owing to the requirement to respect the deficit relative to GDP rule; calls for the introduction of a European golden rule to exclude public investment to promote environmental sustainability from structural deficit calculations;

Amendment 468 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 22 a (new)

22a. Emphasizes that in an equitable transition that ensures the achievement and effectiveness of the objectives set, the allocation of resources should also take into account the results achieved by individual Member States as regards the 2020 targets for energy efficiency and renewable sources energy alternatives; believes that in this way a positive approach would be guaranteed for the Member States that have already invested before, reaching the objectives set, without penalizing those that delayed the transition;

Amendment 469 #

Motion for a resolution
Paragraph 22 a (new)

22a. Encourages the Commission to map practical best practices regarding green budgeting, and urges the Commission to undertake similar initiatives in an international context; emphasizes that sound public finances are the primary goal of the European fiscal rules, and that green investments should therefore not be treated outside the budgetary framework of the SGP;

Amendment 47 #

Dragoş PÎSLARU, Olivier CHASTEL, Ondřej KOVAŘÍK

Motion for a resolution
Paragraph 1

1. Notes the role of the European Green Deal as the EU’s new strategy defining ecological issues and the wellbeing of citizens at the core of the Union’s missions; Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy;

Amendment 470 #

Motion for a resolution
Paragraph 22 a (new)

22a. Calls on the Commission to ensure “transitional activities ” that enable significant improvements towards decarbonisation, reduction in environmental footprint, or improved resource efficiency in key sectors of the economy are eligible to receive funding under the Sustainable Europe Investment Plan;

Amendment 471 #

Caroline NAGTEGAAL, Ondřej KOVAŘÍK

Motion for a resolution
Paragraph 22 a (new)

22a. Highlights that the European economy is comprised largely out of micro-enterprises and SMEs; therefore urges the Commission to give special attention to these types of enterprises, e.g. by providing a better access to funding and retraining of employees;

Amendment 472 #

Motion for a resolution
Paragraph 22 a (new)

22a. Insists that sustainable investments of Member States in climate change mitigation, adaptation and the just transition to climate neutrality should be excluded from the Stability and Growth Pact;

Amendment 473 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN, Lídia PEREIRA

Motion for a resolution
Paragraph 22 a (new)

22a. Rejects the idea of an enabling framework for public sustainable investments or any 'fast-track-procedure' under the Stability and Growth Pact;

Amendment 474 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 22 a (new)

22a. Believes that times of crisis can provide the opportunity for a swift, just and ecological transition away from the current carbon economy;

Amendment 475 #

Motion for a resolution
Paragraph 22 b (new)

22b. Stresses the importance of public investments aimed at implementing interventions and projects for environmental remediation, recovery and restoration in territories, including marine, river and mountain areas, where there is a high level of pollution and contamination due to the abandonment of toxic waste;

Amendment 476 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 22 b (new)

22b. Urges the Commission to increase efforts to make public procurement and tendering more sustainable, and to increase European coordination in this regard;

Amendment 477 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Joachim SCHUSTER, Csaba MOLNÁR, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 22 b (new)

22b. Calls on the Member States to disclose the exposure of their annual budget to the different EU taxonomy objectives and categories;

Amendment 478 #

Motion for a resolution
Paragraph 23

Amendment 479 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 23

Amendment 48 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy; considers that the investment envisaged in the SEIP will deliver necessary economic stimulus, build resilience to future shocks and create jobs;

Amendment 480 #

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; bwelieves that it could facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making processcomes the integration of environmental sustainability in the Semester process, in particular through the 2020 country reports; calls on the Commission to complement the current Semester framework with climate and environmental indicators to facilitate the monitoring of the Member States' progress towards the objectives of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process and welcomes in this regard their inclusion in the 2020 European Semester country reports; further calls on the Commission to develop and present without delay a set of key indicators to improve the analysis of the macroeconomic and social implications of the green transition in the next Semester cycle;

Amendment 481 #

Pierre LARROUTUROU, Margarida MARQUES, Paul TANG

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that it could facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process; stresses the key role played by the European Semester in maintaining a low level of public investment in the EU; therefore, calls for the exclusion of sustainable investments from the calculation of the public deficit; stresses that investments in fossil fuels including gas, and investments in nuclear should not be seen as sustainable; believes the Stability and Growth Pact must be replaced with an Employment and Sustainability Pact;

Amendment 482 #

Aurore LALUCQ

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that it could facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process; supports flexibility in the implementation of the SGP as proposed by the Commission in 2015 and in 2020; considers that much more flexibility should be introduced in order to boost investment and ecological transition in the EU; calls, therefore, for the reform of the SGP and the introduction of a euro area fiscal capacity;

Amendment 483 #

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; ~~believes that it could facilitate the implementation of the European Green Deal, the European Pillar of Social Rights~~recalls that this process should be improved to incentive sustainable and inclusive public investments of the Member States and their local authorities, promote the necessary economic and social measures to accompany the transition, contribute to the implementation of the European Green Deal, the European Pillar of Social Rights, the commitments made by the EU and of its Members States undertaken under the Paris Agreement and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process;

Amendment 484 #

Dragoş PÎSLARU, Olivier CHASTEL, Ondřej KOVAŘÍK

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester ishould be a framework for EU Member States to coordinate their budgetary and economic policies; believes that ~~it c~~a revamped EU Semester framework should facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs and gender equality should be at the heart of EU’s policy making process; calls on the Commission to systematically issue country-specific recommendations to end environmentally harmful subsidies to Member States where these exist;

Amendment 485 #

Paul TANG, Evelyn REGNER, Alfred SANT, Joachim SCHUSTER, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that it ~~could~~must facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process; therefore calls for a new Sustainable Development Cycle as one comprehensive surveillance procedure for economic, social and sustainability objectives and to apply the above mentioned sustainable development pact;

Amendment 486 #

Motion for a resolution
Paragraph 23

Amendment 487 #

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that it ~~could~~must facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs), while putting a strict emphasis on economic and social sustainability as well as mutual and sincere cooperation amongst Member States; believes that the SDGs should be at the heart of EU’s policy making process;

Amendment 488 #

Motion for a resolution
Paragraph 23

Amendment 489 #

Marc ANGEL

Motion for a resolution
Paragraph 23

Amendment 49 #

Motion for a resolution
Paragraph 1

Amendment 490 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that ithe European Semester is not the right crouldte to facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the ~~SDGs should be at the heart of EU’s policy making process~~competitiveness and sound fiscal policy should be at the heart of a focussed European Semester;

Amendment 491 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a futile framework for EU Member States to coordinate their budgetary and economic policies; believes that ~~it could~~since it has not been able to keep Member States in line with the Stability and Growth Pact, it could a fortiori not facilitate the implementation of the European Green Deal~~, the European Pillar of Social Rights~~ and the UN Sustainable Development Goals (SDGs)~~; believes that the SDGs should be at the heart of EU’s po~~ within the framework of the Stabilicty ~~making process~~and Growth Pact;

Amendment 492 #

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that ~~it could~~the Semester could additionally facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs)~~; believes that the SDGs should be at the heart of EU’s policy making proces~~, without jeopardising the primary objective regarding prudent fiscal policies;

Amendment 493 #

Motion for a resolution
Paragraph 23

Amendment 494 #

Motion for a resolution
Paragraph 23

23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that it cshould ~~facilitate~~be fully aligned with the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process;

Amendment 495 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Paul TANG, Billy KELLEHER

Motion for a resolution
Paragraph 23 a (new)

23a. Calls on the Commission to extend the European Semester process by complementing the current approach, based on fiscal and budgetary discipline, with climate and environmental discipline, without watering down the European Semester; calls therefore on the European Commission to develop a new climate indicator, mirroring the economic indicators, to assess the discrepancy between the structure of Member States' budgets and progress towards Paris- aligned scenario for each of their national budgets; stresses the need for this indicator to provide Member States with an indication on their trajectory of temperature under the framework of the Paris Agreement, thus enabling the European Semester to provide recommendations about the reduction of their climate debt;

Amendment 496 #

Motion for a resolution
Paragraph 23 a (new)

23a. Calls on the Commission and Eurostat to revise their set of indicators for the SDGs; stresses that the indicators should be linked to concrete and quantifiable targets to facilitate the tracking of progress towards the achievement of the SDGs;

Amendment 497 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Joachim SCHUSTER, Pedro MARQUES

Motion for a resolution
Paragraph 24

24. Notes that recovery and resilience plans will be based on shared EU priorities; highlights in this context the European Green Deal and the European Pillar of Social Rights; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector; considers that the sustainability provisions in the current Recovery and Resilience Facility Regulation are insufficient; deems essential the incorporation of the EU Taxonomy in recovery and resilience plans through an ambitious minimum spending target on environmentally sustainable economic activities and the application of the Do Not Significantly Harm principle to all spending through these plans; deems the Commission responsible for monitoring adherence to these plans and for re- appropriating funds not spent in accordance with the plans;

Amendment 498 #

Margarida MARQUES, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 24

Amendment 499 #

Motion for a resolution
Paragraph 24

24. Notes that recovery and resilience plans will be based on shared EU priorities; calls for green recovery investments under the Recovery and Resilience Facility in order to accelerate the structural transformation of the economy towards a more clean, resilient and carbon-neutral economy; highlights in this context the European Green Deal and the European Pillar of Social Rights; seeks the inclusion of priorities in areas such as employment, skills, education, digital, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;

Amendment 5 #

Motion for a resolution
Citation 13 a (new)

- having regard to the United Nation’s 2030 Agenda for sustainable development,

Amendment 50 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy; stresses that the plan should be at the heart of a coordinated and inclusive Union response to building a more resilient economy and society after the Covid-19 crisis;

Amendment 500 #

Motion for a resolution
Paragraph 24

24. ~~Not~~Welcomes that recovery and resilience plans will be based on shared EU priorities and calls on the Commission and Member States to ensure that recovery finance is not directed to activities that do not adhere to the Taxonomy Regulation and the do no significant harm principle ; highlights in this context the European Green Deal and the European Pillar of Social Rights; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;

Amendment 501 #

Motion for a resolution
Paragraph 24

Amendment 502 #

Motion for a resolution
Paragraph 24

Amendment 503 #

Motion for a resolution
Paragraph 24

24. Notes that recovery and resilience plans will be based on shared EU priorities; highlights in this context the ~~European Green Deal and the European Pillar of Social Rights~~investments to be prioritised into a sustainable transition, the digital agenda and achieving European sovereignty in strategic sectors, with a consistent industrial strategy; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;

Amendment 504 #

Motion for a resolution
Paragraph 24

24. Notes that recovery and resilience plans will be based on shared EU priorities; highlights in this context the European Green Deal ~~and~~, the European Pillar of Social Rights and the respect of the rule of law and our democratic values by the Member States issuing the plans; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;

Amendment 505 #

Motion for a resolution
Paragraph 24

24. Notes that recovery and resilience plans will be based on shared EU priorities; highlights in this context the European Green Deal ~~and~~, the European Pillar of Social Rights and the United Nations' Sustainable Development Goals; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;

Amendment 506 #

Motion for a resolution
Paragraph 24

Amendment 507 #

Motion for a resolution
Paragraph 24

Amendment 508 #

Motion for a resolution
Paragraph 24 a (new)

24a. Stresses that the increased financing of the Green Deal will imply major budgetary discipline and major control in order to prevent fraud and fund diversion; insists therefore that additional financing should be conditional upon the State’s membership in the European Public Prosecutor's Office (EPPO); recalls that the EU should be able to tackle crimes against its financial interests also in the matter of green investment; notes that the European Anti- Fraud Office (OLAF) also has an important role to play in this matter, however the existing tools proved to be insufficient in tackling financial fraud, which makes necessary the EPPO jurisdiction over all Member States who benefit from SEIP;

Amendment 509 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Olivier CHASTEL, Ivars IJABS, Valérie HAYER

Motion for a resolution
Paragraph 24 a (new)

24a. Calls for companies benefitting from public support to commit to public country-by-country reporting, while respecting the possibility for temporary derogations foreseen to protect commercially sensitive information and to ensure fair competition, to respect their non-financial reporting obligations and to guarantee jobs, and disclose any beneficial treatment received; Urges that such companies should fairly contribute to the recovery efforts by paying their fair share of taxes; seeks in this context a new social contract for corporates, harmonizing aims for profit with considerations for people and planet;

Amendment 51 #

Motion for a resolution
Paragraph 1

Amendment 510 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Pierre LARROUTUROU, Joachim SCHUSTER, Niels FUGLSANG, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Margarida MARQUES

Motion for a resolution
Paragraph 24 a (new)

24a. Calls for companies benefitting from public support to commit to public country-by-country reporting, to respect their non-financial reporting obligations and to guarantee jobs, and disclose any beneficial treatment received; urges that such companies should fairly contribute to the recovery efforts by paying their fair share of taxes; seeks in this context a new social contract for corporates, harmonizing aims for profit with considerations for people and planet;

Amendment 511 #

Paul TANG, Sirpa PIETIKÄINEN, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Pierre LARROUTUROU, Niels FUGLSANG, Csaba MOLNÁR, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 24 b (new)

24b. Highlights that Member States granting state aid should ensure that financial assistance is in line with the EU’s climate, environmental and social objectives, in particular for aid granted to energy-intensive sectors and large carbon dioxide emitters;

Amendment 512 #

Paul TANG, Sirpa PIETIKÄINEN, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 24 c (new)

24c. Calls on the Commission to revise State aid rules to set common minimum sustainability standards and to require large companies asking for support in high -carbon sectors to set and publish climate science-based targets and time- bound net-zero transition plans to align their operations with the Paris Agreement;

Amendment 513 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Andreas SCHWAB, Stefan BERGER, Enikő GYŐRI, Eva MAYDELL, Christian DOLESCHAL

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and takes note of the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 514 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 25

25. ~~Suppor~~Rejects the Solvency Support Instrument to level the playing field in the single market, and the introduction of centralised ‘transition plans’ for certain politically favoured companies to increase the ~~sustain~~profitability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectivbelieves that taxpayers should ask for a quid pro quo when providing support to companies;

Amendment 515 #

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; ~~consid~~regrets howevers that s~~ociety c~~uch transition plans a~~sk for a quid pro quo when providing support to compani~~re not of a mandatory nature; considers that support to companies through SSI should be targeted to equity instruments such as preferred shares with warrants that would allow the instrument to reap benefits during economic upsides; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that the~~y do not engage in~~ir investments are envtir~~onmentally or socially harmful a~~ely consistent with the achievement of the Union’s climate, social and environmental objectiv~~iti~~es; urges the Commission to only approve transition plans that ~~set businesses on the path to the~~include a binding and clear timeline towards a climate-neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 516 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; ~~considers that society~~stresses the importance of ensuring that the push for sustainability is accompanied by mechanisms that ensure that EU firms remain competitive internationally; considers, furthermore, that the European citizens can ask for a quid pro quo when providing support to companies; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate-neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 517 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for ~~a quid pro quo~~something in return when providing support to companies; sees transition plans including science-based and time- bound sustainability targets as a way of ensuring that public funding is spent in line with public interests; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 518 #

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that transition plans, in line with the Paris Agreement and the European Green Deal, should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate-neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 519 #

Margarida MARQUES, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society ~~can ask for a quid pro quo~~is entitled to expect meaningful contributions when providing support to companies; believes that transition plans should be obligatory for companies seeking state aid or EU- level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 52 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 1

1. ~~Welcome~~Rejects the Sustainable Europe Investment Plan (SEIP) as ~~central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy~~the financial arm of the European Green Deal scam, created for centrally planning the economies of the Member States and funnelling taxpayers' money and artificially cheap credit to politically desirable sectors and undertakings;

Amendment 520 #

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘green transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that green transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve green transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 521 #

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless ~~it is clear~~they can demonstrate that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate-neutral and circular economy without significantly harming any other environmental or social objectives;

Amendment 522 #

Motion for a resolution
Paragraph 25

25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that time-bound Paris Agreement and Green Deal aligned transition plans ~~should~~must be obligatory for companies seeking state aid or EU-level support ~~unless it is clear that they do not engage in environmentally or socially harmful activities~~; urges the Commission to only approve transition plans that set businesses on the path to the climate-neutral and circular economy based on non-toxic material cycles without significantly harming any other environmental or social objectives;

Amendment 523 #

Motion for a resolution
Paragraph 25 a (new)

25a. Calls on the Commission to revise State aid rules to allow public support for green investments aligned with the European Green Deal objectives; stresses that the State support offered to companies for carbon intensive sectors should be conditional on the adoption and publication of climate transition plans; notes that any revision of the state aid rules should be carefully designed so as to prevent distortions of competition in the internal market, thus ensuring a level- playing field among Member States;

Amendment 524 #

Paul TANG, Manon AUBRY, Evelyn REGNER, Alfred SANT, Pierre LARROUTUROU, Aurore LALUCQ, Siegfried MUREŞAN, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 25 a (new)

25a. Underlines the role of National Promotional Banks in creating a sustainable economy; calls for state aid reforms to enable NPBs to provide preferential loans below market rates to promote sustainability; underlines the importance of ensuring local technical support for project promoters and innovation and the role of project nurseries helping projects to mature to receive financing;

Amendment 525 #

Motion for a resolution
Paragraph 25 a (new)

25a. Calls on the Commission to revise State aid rules to set common minimum standards in order to specify the requirement for companies receiving financial assistance to be in line with climate neutrality and to require large companies in high emitting sectors asking for support to set and publish a transition plan to align their operations with the Paris Agreement and the European Green Deal;

Amendment 526 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Linea SØGAARD-LIDELL, Billy KELLEHER

Motion for a resolution
Paragraph 25 a (new)

25a. Calls on the Commission to use the EU Taxonomy to direct and track climate and environment spending in all EU public funding including the next MFF, Next GenerationEU including the Solvency support instrument, InvestEU and the EU recovery and resilience facility fund and EIB funds, in order to enhance the climate and environmental tracking system for better monitoring progress;

Amendment 527 #

Motion for a resolution
Paragraph 25 a (new)

25a. Calls on the Commission to revise State Aid rules to set common minimum sustainability standards and to require large companies asking for support in high-carbon sectors to set and publish climate science-based targets and time- bound net-zero transition plans to align their operations with the Paris Agreement;

Amendment 528 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Valérie HAYER, Billy KELLEHER

Motion for a resolution
Paragraph 25 b (new)

25b. Calls on the Commission to ensure that biodiversity-related risks, impacts and dependencies are integrated in relevant EU legislation, including the Non- Financial Reporting Directive, the delegated acts of the Disclosure Regulation and other relevant corporate and financial legislation;

Amendment 529 #

Motion for a resolution
Paragraph 25 b (new)

25b. Invites the Commission to come forward with legally binding green public procurement criteria for Member States to minimise their environmental footprint;

Amendment 53 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal, the implementation of the Union’s climate commitments and the transition towards a more sustainable and resilient economy;

Amendment 530 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 26

~~26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax that could also feed into the EU budget;~~deleted

Amendment 531 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Eva MAYDELL, Christian DOLESCHAL, Jörgen WARBORN, Inese VAIDERE

Motion for a resolution
Paragraph 26

~~26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax that could also feed into the EU budget;~~deleted

Amendment 532 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to ~~revise the Energy Tax Directive and coordinate a kerosene tax that could also feed into the EU budget;~~ put forward new own resources, without penalizing the EU citizens, while contributing to achieve the EU climate targets; considers, moreover, that the Commission should propose duties on the products entering the EU from countries with lower environmental standards;

Amendment 533 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN, Hélène LAPORTE

Motion for a resolution
Paragraph 26

26. Invites the Commission ~~to revise the Energy Tax Directive and coordinate a kerose~~not to coordinate a kerosene tax because it would affect mostly the consumer rather than the airline companies; underlines t~~ax that could also feed into the EU budge~~he importance of incentivizing the use of alternative means of transport to the air carriers through facilitations for greener transport;

Amendment 534 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Niels FUGLSANG, Aurore LALUCQ

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive to increase relevant minimum excise duties that lost their effect due to inflation, end current tax exemptions to kerosene and maritime fuels, and coordinate a kerosene tax that could also feed into the EU budget;

Amendment 535 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax ~~that could also feed into the EU budget~~, to ensure that kerosene is finally properly taxed, which could also feed into the EU budget or into national budgets if coordinated between Member States;

Amendment 536 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax and a tax on fuels produced by deforestation in tropical countries that could also feed into the EU budget;

Amendment 537 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax ~~that could also feed into the EU budget~~under the condition that the revenues should be earmarked to support sustainable initiatives and projects in the aviation sector;

Amendment 538 #

Motion for a resolution
Paragraph 26

26. ~~Invit~~Welcomes the ~~Commission to revise~~planned revision of the Energy Taxation Directive ~~and coordinate~~for 2021 and calls on the Commission to present a legislative proposal for a kerosene tax that could also feed into the EU budget;

Amendment 539 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive, environmental VAT, Single-Use Plastic Levy and coordinate a kerosene tax that could also feed into the EU budget;

Amendment 54 #

Margarida MARQUES, Pedro SILVA PEREIRA

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable ~~and~~, resilient and competitive economy;

Amendment 540 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive ~~and coordinate a kerosene tax that could also feed into the EU budget~~;

Amendment 541 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive ~~and coordinate a kerosene tax that could also feed into the EU budget~~;

Amendment 542 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive ~~and coordinate a kerosene tax that could also feed into the EU budget~~;

Amendment 543 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive and coordinate ~~a kerosene tax that could also feed into the EU budget~~discussion on other possible types of measures regarding the energy and transport sectors;

Amendment 544 #

Motion for a resolution
Paragraph 26

26. Invites the Commission to revise the Energy Tax Directive and ~~coordinate~~examine the possibility of a kerosene tax that could also feed into the EU budget;

Amendment 545 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Carmen AVRAM, Evelyn REGNER, Pierre LARROUTUROU, Niels FUGLSANG, Aurore LALUCQ, Eero HEINÄLUOMA, Jonás FERNÁNDEZ, Pedro MARQUES

Motion for a resolution
Paragraph 26 a (new)

26a. Recalls that tax evasion and tax avoidance cause potential lost resources for national and EU budgets quantified as ranging from €50-70 billion to€160-190 billion;1a therefore seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning ; calls on the Commission to establish criteria on which it assesses EU Member State that would result in a black-list of EU Member States facilitating tax avoidance and to draft binding tax compliance plans for these Member States; __________________ 1aEuropean Parliament, EPRS, Bringing transparency, coordination and convergence to corporate tax policies in the European Union: I - Assessment of the magnitude of aggressive corporate tax planning, Study, 2015

Amendment 546 #

Paul TANG, Petros KOKKALIS, Carmen AVRAM, Evelyn REGNER, Niels FUGLSANG, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 26 b (new)

26b. Calls on Member States that are accused of facilitating tax avoidance to implement a minimum effective tax rate of 18% on all profits generated at Member State level, including profits shifted to tax havens through passive income such as interests and royalties payments or other base erosion and profit shifting tools so as to fight tax avoidance and mobilise resources to finance the sustainable and just transition.

Amendment 547 #

Paul TANG, Petros KOKKALIS, Jonás FERNÁNDEZ, Evelyn REGNER, Alfred SANT, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES

Motion for a resolution
Paragraph 26 c (new)

26c. Recalls that Value Added Tax (VAT) can be used to incentivise moving from harmful to sustainable activities; therefore urges Member States to adopt the definitive package on VAT which would enable them to make use of targeted VAT rates for goods and services supporting the realisation of the European Green Deal;

Amendment 548 #

Markus FERBER, Sven SIMON, Ralf SEEKATZ, Stefan BERGER, Enikő GYŐRI, Jessica POLFJÄRD, Christian DOLESCHAL, Jörgen WARBORN

Motion for a resolution
Paragraph 27

Amendment 549 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 27

27. ~~Wishes it to be ensured~~Believes that it is morally unsustainable, especially in times of economic recession and immense hardship for our citizens, that billions of euros continue to be lost to financial crime; demands that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; ~~seek~~demands in this context an ambitious strategy for business taxation for the 21st century; demands in addition an ambitious reform of the anti-money laundering legislative framework, as according to Europol, a staggering 0,7- 1,28 of the Union GDP is lost due to financial crimes, such as money laundering;

Amendment 55 #

Motion for a resolution
Paragraph 1

1. ~~Welcomes~~Recalls that the Sustainable Europe Investment Plan (SEIP) ~~as central in ensuring the success of the Green Deal and the~~could be the first step in guaranteeing the gradual transition towards a more sustainable and resilient economy;

Amendment 550 #

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against ~~tax fraud,~~ tax evasion and tax avoidance ~~and aggressive tax planning; calls on the Commission~~; calls on the Council to update the criteria of the Code of Conduct on Business Taxation to define what is a harmful regime in order to reflect recent developments; calls on the Commission to start infringement procedures against Member States presenting characteristics of aggressive tax planning and to create a blacklist of EU Member States facilitating tax avoidance; calls for an EU-level coordination to avoid, detect and investigate aggressive tax planning byschemes for individuals and corporations in Member States; seeks in this context an ambitious strategy for business taxation for the 21st century;

Amendment 551 #

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century; reminds the Commission about the existence of Article 116 of the TFEU in the context of tax-related dossiers and encourages the Commission to make use of it in case the issue addressed creates distortions to the conditions of competition within the single market;

Amendment 552 #

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century; welcomes the Commission's announcement to propose an EU level supervisor and supervisory body to fight money laundering and terrorist financing and underlines the necessity for sufficient resources to be made available to make this effective;

Amendment 553 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Olivier CHASTEL, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Paul TANG

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century; welcomes the Commission's announcement to propose an EU level supervisor and supervisory body to fight money laundering and terrorist financing and underlines the necessity for sufficient resources to make this effective to be made available;

Amendment 554 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute and profit equitably to the post- corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st centuryrecalls that only innovation and entrepreneurial spirit, unlike taxation and regulation, can foster economic recovery and innovation;

Amendment 555 #

Paul TANG, Petros KOKKALIS, Evelyn REGNER, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; considers that corporate profits and private wealth flow the lowest-taxed jurisdictions within the single market; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century and calls for an EU- coordinated wealth tax;

Amendment 556 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century; calls on the Member states to establish a wealth tax and other progressive tax measures to fund the Green Deal;

Amendment 557 #

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a ~~sustainable economy~~economy towards a highly energy and resource efficient, fully renewable-based, net zero GHG and toxic free economy by 2040; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century;

Amendment 558 #

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to awards a competitive and sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century, while consistently respecting the fiscal autonomy of the Member States;

Amendment 559 #

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy, while taking into consideration the different capacities of Member States; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century;

Amendment 56 #

Motion for a resolution
Paragraph 1

1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a ~~more~~ sustainable and resilient economy;

Amendment 560 #

Motion for a resolution
Paragraph 27

Amendment 561 #

Motion for a resolution
Paragraph 27

Amendment 562 #

Motion for a resolution
Paragraph 27

Amendment 563 #

Motion for a resolution
Paragraph 27

Amendment 564 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 27

27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the ecological transition to a sustainable economy; ~~seeks an intensified fight against~~calls for tax fraud, tax evasion and tax avoidance and aggressive tax planning to all be addressed by the EU and Member States; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century;

Amendment 565 #

Motion for a resolution
Paragraph 27 a (new)

27a. Considers green and sustainable public procurement to be a crucial driver of industrial transformation; calls on the Commission to study how to fully use the leverage of public expenditure and investment to create markets for carbon neutral and resource efficient products and services and achieve policy objectives, including by making environmental and social criteria mandatory in public procurement; calls also on the Commission to push for a more ambitious International Procurement Instrument that provides for reciprocity and mutual standards;

Amendment 566 #

Paul TANG, Gilles BOYER, Petros KOKKALIS, Jonás FERNÁNDEZ, Evelyn REGNER, Pierre LARROUTUROU, Joachim SCHUSTER, Aurore LALUCQ, Pedro MARQUES

Motion for a resolution
Paragraph 27 a (new)

27a. Reiterates its call for phasing out of fossil fuel subsidies including in the form of a tax advantage, while fully respecting of the rights of Member State to choose their energy mix; supports, however, tax measures that would incentivise investment in cleaner energy and mode of transportation;

Amendment 567 #

Motion for a resolution
Paragraph 27 a (new)

27a. Calls for companies benefitting from public support to commit to public country-by-country reporting, to respect their non-financial reporting obligations and disclose any beneficial treatment received; calls for the Commission to revise the Accounting Directive accordingly.

Amendment 568 #

Motion for a resolution
Paragraph 27 a (new)

27a. Is of the opinion that companies registered on the territories put on EU list of non-cooperative jurisdictions for tax purposes should not be granted public financial support unless they prove a legitimate economic activity there;

Amendment 569 #

Motion for a resolution
Paragraph 27 a (new)

27a. Calls on the Commission to put in place effective data monitoring and reporting of the SEIP implementation, making it available to the public to guarantee the full transparency of the EU green transition spending;

Amendment 57 #

Motion for a resolution
Paragraph 1 a (new)

1a. As a compulsory condition for receiving any public funding, companies are required to submit obligatory transition plans based on science-based and timebound sustainability targets. These transition plans have to be monitored and audited by authorities, and a severe breaches of the transition plans shall lead to recovery of the paid allocations;

Amendment 570 #

Motion for a resolution
Paragraph 27 a (new)

27a. Believes that all these funding proposals combined (climate bank, climate budget and FATCA-Climate law) can raise at least 660 bn EUR/year to win the battle for climate and jobs;

Amendment 571 #

Motion for a resolution
Paragraph 27 b (new)

27b. Asks the Commission and Member States to introduce a Pan-European Tax Transparency Register where it can be verified whether companies have paid their tax and social security liabilities in EU Member States and whether they are or have taken part in aggressive tax planning. Companies not fulfilling these requirements should not be eligible to any EU or Member State funding, nor be able to participate recovery finance or public procurement tenders in EU area.

Amendment 572 #

Motion for a resolution
Paragraph 27 b (new)

27b. Welcomes the support of these three solutions by 1 million citizens25a; __________________ 25a http://www.climateandjobs.eu/

Amendment 58 #

Motion for a resolution
Paragraph 1 a (new)

1a. Urges all Member States to commit to achieving the EU 2050 climate neutrality target as soon as possible; believes that only Member States, which are committed to the EU 2050 climate neutrality target, may benefit from the SEIP;

Amendment 59 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN, Hélène LAPORTE

Motion for a resolution
Paragraph 1 a (new)

1a. Stresses the importance to provide for an economically viable transition, in particular for SMEs and micro- enterprises in terms of time and conversion tools;

Amendment 6 #

Motion for a resolution
Citation 13 b (new)

- having regard to the Intergovernmental Panel on Climate Change (IPCC) special report titled ‘Global Warming of 1.5°C’, its fifth assessment report (AR5) and its synthesis report of September 2018, that called for limiting the temperature increase to 1.5°C above pre-industrial levels. According to the IPCC Working Group II preparing a contributing the Sixth Assessment Report (AR6), the latest climate models for upcoming UN Report show ‘incredibly alarming’ risk of runaway warming and a need to drastically scale up climate policies1a, __________________ 1ahttps://www.ipcc.ch/report/sixth- assessment-report-working-group-ii/

Amendment 60 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Hélène LAPORTE

Motion for a resolution
Paragraph 1 b (new)

1b. Believes that the EU budget should be protected against deficiencies in the respect of rule of law in the way described in the EP position on the regulation on the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States as adopted in 2019 with an overwhelming majority; believes that only Member States, which adhere to fundamental EU values such as the rule of law principle, may benefit from the SEIP and other EU funding;

Amendment 61 #

Motion for a resolution
Paragraph 1 b (new)

1b. Recalls that a social protection system is necessary in the event that the companies that implement the climate transition have an excess of staff, employees who cannot be relocated or in the event of relocation of the enterprises;

Amendment 62 #

Valentino GRANT, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI, Gunnar BECK, Maximilian KRAH, Jörg MEUTHEN, Hélène LAPORTE

Motion for a resolution
Paragraph 1 c (new)

1c. Stresses that an equitable transition to a sustainable and resilient economy cannot be separated from an effective digitalization plan. As the facts demonstrated during the Corona virus pandemic, digitization allows doing many remote activities, such as working, attending school or university’s lessons, having a medical consultation; consequently, it could be possible to greatly reduce the pollution from today's very high mobility and would allow repopulating many areas currently depopulated; so stresses that the repopulation of ex populated areas would benefit the environment in terms of ordinary maintenance of the territory, avoiding the hydrogeological risk to which some areas are now more exposed;

Amendment 63 #

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050;Considers achieving a fair transition to climate neutrality to be a major responsibility for the EU; calls for the implementation of appropriate measures and policies, involving the public, private and public sectors, regions and Member States, in order to make this transformation a success; calls on the Commission to undertake an annual evaluation of the Union’s ecological debt, carbon budget and imported emissions;

Amendment 64 #

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the ~~oath to~~ ‘do no harm’ principle, but regrets that the Recovery Plan falls short of providing for genuine conditionalities related to the Union’s environmental objectives insofar the criteria for funding investments and reforms are not clearly defined and may allow the approval of recovery plans whereby sustainability is not a necessary condition to be met; emphasises that national recovery and resilience plans should put the EUnion on the path to ~~a 50 % to 5~~65 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050 in line with the EU’s commitments under the Paris Agreement and the Climate Law;

Amendment 65 #

Paul TANG, Petros KOKKALIS, Manon AUBRY, Jonás FERNÁNDEZ, Carmen AVRAM, Evelyn REGNER, Alfred SANT, Joachim SCHUSTER, Csaba MOLNÁR, Aurore LALUCQ, Eero HEINÄLUOMA, Pedro MARQUES, Margarida MARQUES

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; highlights that this oath applies to both social and environmental objectives; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050 while providing sufficient guarantees to ensure social equity in the sustainable transition;

Amendment 66 #

Motion for a resolution
Paragraph 2

Amendment 67 #

Margarida MARQUES, Marek BELKA, Pedro MARQUES, Pedro SILVA PEREIRA, Erik BERGKVIST, Elisabetta GUALMINI

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; emphasises that national recovery and resilience plans should put the EU on the path to ~~a 50 % to 55 % reduction~~ meet its obligations under the Paris Agreement, particularly to contribute equitably to the temperature goal of limiting g~~reenhouse gas~~lobal warming to 1.5 C, by reducing Union emissions by 65% by 2030 compared to 1990 and to achieve climate neutrality by 20540;

Amendment 68 #

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; stresses that the recovery shall be built on the Sustainable Development Goals and shall support the twin green and digital transitions; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050;

Amendment 69 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH

Motion for a resolution
Paragraph 2

2. ~~Welcome~~Rejects the Commission’s European Recovery Plan with the European Green Deal at its heart; ~~endorses~~takes not of the underlying ~~principle~~assumption that public investments will respect the oath to ‘do no harm’~~; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050~~, since they are the result of central planning by elected and mostly unelected government officials redistributing taxpayers' money and could do more harm to a sustainable economy than informed investment decisions by entrepreneurs dealing with their own capital or capital voluntarily entrusted to them by market investors;

Amendment 7 #

Motion for a resolution
Citation 13 b (new)

- having regard to the Commission’s Communication "United in delivering the Energy Union and Climate Action - Setting the foundations for a successful clean energy transition",

Amendment 70 #

Gilles BOYER, Stéphanie YON-COURTIN, Pascal CANFIN, Dragoş PÎSLARU, Ivars IJABS, Clotilde ARMAND, Valérie HAYER, Linea SØGAARD-LIDELL, Billy KELLEHER

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments wishall respect the oath to ‘do no harm’; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050, thus ensuring Member States’ transition towards a circular and climate neutral economy;

Amendment 71 #

Motion for a resolution
Paragraph 2

Amendment 72 #

Motion for a resolution
Paragraph 2

Amendment 73 #

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the ~~oath to~~ ‘do no harm’ principle; emphasises that national recovery and resilience plans should put the EU on the path to a ~~50 % to~~t least 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050;

Amendment 74 #

Motion for a resolution
Paragraph 2

Amendment 75 #

Motion for a resolution
Paragraph 2

2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and, calls for investments to be prioritised into a sustainable transition, the digital agenda and achieving European sovereignty in strategic sectors with a consistent industrial strategy; expects therefore the European Recovery Plan to contribute to the objective of climate neutrality at EU level by 2050;

Amendment 76 #

Pierre LARROUTUROU, Gilles BOYER

Motion for a resolution
Paragraph 2

Amendment 77 #

Motion for a resolution
Paragraph 2

Amendment 78 #

Motion for a resolution
Paragraph 2

Amendment 79 #

Motion for a resolution
Paragraph 2

Amendment 8 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Citation 14 a (new)

- having regard to the Intergovernmental Panel on Climate Change (IPCC) special reports on climate change, desertification, land degradation, sustainable land management, food security, and greenhouse gas fluxes in terrestrial ecosystems, and on the Ocean and Cryosphere in a Changing Climate, and the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) Global Assessment on Biodiversity and Ecosystem Services report of May 2019,

Amendment 80 #

Motion for a resolution
Paragraph 2

Amendment 81 #

Pierre LARROUTUROU, Margarida MARQUES, Paul TANG

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing; recalls that according to the latest calculations of the European Commission, the total additional investments needed to reach the EU’s current 2030 climate and environmental policy goals are around €470 bn per year; recalls that these investments include an annual €240bn to meet the current 2030 climate and energy targets, €100 bn per year to deliver on Europe’s wider transport infrastructure and an additional €130 annually to reach other environmental objectives; highlights, moreover, that the Commission also describes these as conservative estimates, given a lack of data to accurately assess investment needs related to climate adaptation and restoration/preservation of ecosystems and biodiversity;

Amendment 82 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing; calls on the Commission and Member States to make sure the Green Deal Investment Plan, the Climate Budget and the Climate Bank, are massive enough to make future programs like the Renovation Wave, have sufficient impact on every building of Europe, and are made acceptable and welcome to all the citizens of Europe, because only with sufficient funding will our citizens accept the necessary regulations that will make it compulsory that by 2030 enough houses are renovated, enough farmers have transitioned, enough communities have changed their energy and transport systems;

Amendment 83 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality by latest 2050 and circular economy will depend on the adequacy of the financing and coherence in the integration of sustainability in public and private finance; Calls for matching the policy objectives with science-based and time- bound targets through a back-casting approach to ensure these objectives are on a credible transition path; welcomes the European Commission's commitment to introduce a sustainability proofing and tracking in all public policy;

Amendment 84 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing; Underlines that the financing by the SEIP will not be sufficient to reach the abovementioned goals connected to the Green Deal, especially in countries more dependent on fossil fuels; Calls, therefore, the Commission and the Member States to come up with proposals to find additional resources as well as not to undermine the current solutions and proposals at place and proposed;

Amendment 85 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing; underlines that the green transition should be inclusive and go in line with the principles of economics, social and environmental sustainability; recalls that saving and creation of jobs, as well as additional training and reskilling, are of utmost importance in the process of energy transition;

Amendment 86 #

Tiziana BEGHIN, Mario FURORE, Piernicola PEDICINI, Fabio Massimo CASTALDO

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve its short- and long- term climate, energy and environmental goals and in particular the objective of climate neutrality by 2050 will depend on the adequacy of the green financing; stresses that substantial amounts of public and private sustainable investments are needed to set the Union and the Member States firmly on the path to climate neutrality and ensure a just and resilient recovery from the COVID-19 pandemic;

Amendment 87 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing and its respect of the do no harm principle in order to stop the financing of polluting sectors and live up to the EU’s legal obligation under the Paris Agreement to align financial flows with its objectives and phase out fossil fuel subsidies;

Amendment 88 #

Jessica STEGRUD

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to ~~achieve climate neutrality will depend on the adequacy of the financing~~substantially reduce carbon dioxide emissions, can only be achieved effectively, if the Commission refrains from partial and imperfect subsidies of certain technologies. Is convinced that a technological-neutral approach will create fundamental sustainable innovation & development; and at the same time foster long-term growth and energy security;

Amendment 89 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing; considers the digital transformation, technological innovation, and research and development are the main drivers for achieving the climate-neutrality objective; stresses that it remains crucial not to exclude a priori certain technologies;

Amendment 9 #

Motion for a resolution
Citation 14 b (new)

- having regard to the European Pillar of Social Rights, the International Bill of Human Rights, the OECD Guidelines for Multinational Enterprises, UN Guiding Principles on Business and Human Rights and the International Labour Organisation’s declaration on Fundamental Rights and Principles at Work and the eight ILO core conventions,

Amendment 90 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing; Emphasizes that a substantial part of the investments, necessary to meet the goals of the European Green Deal, will have to come from public national and sub- national budgets;

Amendment 91 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing and insists that the link between expenditure and revenue, namely through the creation of new own resources, will be key to the implementation of the Green Deal;

Amendment 92 #

Gunnar BECK, Joachim KUHS, Jörg MEUTHEN, Maximilian KRAH, Hélène LAPORTE

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to ~~achieve climate neutrality will depend on the adequacy of the financing~~reduce negative externalities detrimental to the environment, will depend on the adequacy of the financing, which has become increasingly difficult under the ultra-accommodative monetary policies of the European Central Bank;

Amendment 93 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing, both public and private financing; believes that leveraging private financing is an important element in the path to climate neutrality;

Amendment 94 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing and on how easily this can be absorbed throughout the different regions of the EU;

Amendment 95 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality by 2050 at latest will depend on the adequacy of the ~~financing~~public and private financing and coherent legislation and policy actions;

Amendment 96 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve climate neutrality and meet its obligations under the Paris Agreement will depend on the adequacy of the financing;

Amendment 97 #

Motion for a resolution
Paragraph 3

3. Stresses that the success of the EU’s aim to achieve ~~climate neutrality~~real zero GHG emissions by 2040 will depend on the adequacy of the financing and front- loaded public investment;

Amendment 98 #