Activities of Siegfried MUREŞAN related to 2020/2058(INI)
Plenary speeches (1)
Sustainable Europe Investment Plan - How to finance the Green Deal (debate)
Reports (1)
REPORT on the Sustainable Europe Investment Plan - How to finance the Green Deal
Amendments (41)
Amendment 20 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas all sectors of the EU economy will be impacted by the transition towards a sustainable economy,
Amendment 22 #
Motion for a resolution
Recital -A (new)
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 26 #
Motion for a resolution
Recital -A (new)
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 27 #
Motion for a resolution
Recital -A (new)
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 100bnEUR/year for Europe’s wider transport infrastructure, 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 29 #
Motion for a resolution
Recital -A (new)
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 31 #
Motion for a resolution
Recital -A (new)
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 32 #
Motion for a resolution
Recital -A (new)
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 34 #
Motion for a resolution
Recital -A (new)
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 35 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
Amendment 50 #
Motion for a resolution
Paragraph 1
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 99 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the success of the EU’s aim to achieve climate neutrality will, among other factors, depend on the adequacy of the financing;
Amendment 101 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
Amendment 107 #
Motion for a resolution
Paragraph 3 b (new)
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 112 #
Motion for a resolution
Paragraph 4
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 130 #
Motion for a resolution
Paragraph 5
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, after consultation of Parliament, and using similar criteria a framework laying down a methodology establishing eligibility criteria for climate-related expenditures, defining and tracking climate expenditure together with a proofing mechanism to identify harmful impacts in accordance with the “do not significantly harm” principle and the commitments under the Paris Agreement;
Amendment 148 #
Motion for a resolution
Paragraph 5 b (new)
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 178 #
Motion for a resolution
Paragraph 7
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;
Amendment 186 #
Motion for a resolution
Paragraph 8
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 228 #
Motion for a resolution
Paragraph 10
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 EU; considers that, for these pillars to be a success, it is essential to guarantee sufficient technical assistance for Member States and regions in order to ensure that funding is efficiently spent and reaches those most in need;
Amendment 246 #
Motion for a resolution
Paragraph 10 a (new)
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 251 #
Motion for a resolution
Paragraph 11
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 262 #
Motion for a resolution
Paragraph 11 a (new)
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 266 #
Motion for a resolution
Paragraph 11 b (new)
Paragraph 11 b (new)
Amendment 267 #
Motion for a resolution
Paragraph 11 c (new)
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)
Paragraph 11 d (new)
Amendment 269 #
Motion for a resolution
Paragraph 11 e (new)
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 277 #
Motion for a resolution
Paragraph 12 a (new)
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)
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 #
Motion for a resolution
Paragraph 12 b (new)
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 284 #
Motion for a resolution
Paragraph 13
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 322 #
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14b. Calls on all Member States to join the enhanced cooperation framework to implement a Financial Transaction Tax;
Amendment 347 #
Motion for a resolution
Paragraph 15 a (new)
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)
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 361 #
Motion for a resolution
Paragraph 16
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 364 #
Motion for a resolution
Paragraph 16 a (new)
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 435 #
Motion for a resolution
Paragraph 21
Paragraph 21
21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considerspoints out that this risk needs to be insufficiently integrated in credit ratings and prudential frameworks;
Amendment 444 #
Motion for a resolution
Paragraph 21 a (new)
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 510 #
Motion for a resolution
Paragraph 24 a (new)
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 #
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
Amendment 517 #
Motion for a resolution
Paragraph 25
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 quosomething 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 524 #
Motion for a resolution
Paragraph 25 a (new)
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;