9 Amendments of Alfred SANT related to 2019/2126(INI)
Amendment 6 #
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increase the current levels of investment in the EU, which arehowever remain below historical averages, and insufficient to fulfil the EU’s sustainability, social and innovation ambitions; stresses that in order to achieve these ambitions, more risk- taking by the EIB , especially in those sectors and regions that fail to attract outside investment to their side,may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruments; calls for adequate capitalisation of the EIB to allow for the use of innovative instruments in the financing of projects to trigger new meaningful investments with substantial potential sustainability, social and innovation gains;
Amendment 35 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Reiterates the need to reduce the inequalities in the geographical distribution of EIB financing, given that 57% went to six Member States in 2018; urgently calls for a fair and transparent geographical distribution of projects and investment, with a special focus on less-developed regions and those regions trailing behind in investment levels;
Amendment 44 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobilising EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability, geographical coverage and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectives; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent with the EU’s sustainability objectives;
Amendment 69 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Calls for the European Investment Fund (EIF) to be fully integrated into all EIB climate measures; calls on the EIF to give greater priority to innovation needs for the transition to a climate-neutral Europe; further requests the EIB to clarify whether it has the required expertise in the area of green investment;
Amendment 74 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Requests additionally that an outside review of the cost effectiveness of the EIB’s investment efforts during the last ten years be carried out, not least from the perspective of whether and how the EIB’s operations created significant value added that was directly relevant to the European Union’s growth and consolidation policies.
Amendment 105 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the new EIB energy lending policy and the example it sets for other banks; regretnotes that exceptions are applicable to the approval of gas projects until the end of 2021 and that support for gas projects planned for the transport of low-carbon gases is set to continue; calls for this policy to be reviewed in the medium term (by the start of 2022) to close the gaps in gas infrastructure to bring it in line with the European Sustainable Finance Taxonomy and the European Green Pact, and to be consistent with the development of appropriate new external actions in the EU;
Amendment 145 #
Motion for a resolution
Paragraph 22 a (new)
Paragraph 22 a (new)
22 a. In this context questions the EIB’s investment appeal towards small businesses and asks whether it is being too restricted by its limitations on funding projects with a significant risk component;
Amendment 157 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the EIB, the largest multilateral lender in the world, to maintain its leading role in future EU financing mechanisms for third countries; opposes the recent initiatives to encourage the EIB to be more active in defence and security, migration management and border control;
Amendment 195 #
Motion for a resolution
Paragraph 30 a (new)
Paragraph 30 a (new)
30 a. Requests additionally that an outside review of the cost effectiveness of the EIB’s investment efforts during the last ten years be carried out, not least from the perspective of whether and how the EIB’s operations created significant value added that was directly relevant to the European Union’s growth and consolidation policies;