Activities of Paul TANG related to 2019/2129(INI)
Plenary speeches (1)
European Central Bank - annual report 2018 (debate)
Amendments (7)
Amendment 203 #
Motion for a resolution
Paragraph 11
Paragraph 11
11. Recalls that, as an EU institution, the ECB is bound by the Paris Agreement on climate change and that this should be reflected; calls upon the ECB, with full respect for its mandate and its independence, to implement environmental, social and governance principles (ESG principles) into its policies, with full respect for its mandate and its independence and to prioritise sustainability objectives among its secondary objectives as specified in Art. 127 TFEU and Art. 3 TEU;
Amendment 219 #
Motion for a resolution
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Recalls European Parliament Resolution 2018/2007(INI), which criticises the excessive focus of the Corporate Sector Purchase Programme (CSPP) on carbon-intensive assets; regrets that, despite Mr Draghi’s promise to examine the impact of CSPP on climate-change, the ECB has not taken sufficient action in this field; calls on the ECB to conduct a study investigating the impact on climate change of the APP and in particular the CSPP as a preliminary step towards re-designing the CSPP in a socially and environmentally sustainable manner;
Amendment 221 #
Motion for a resolution
Paragraph 12 b (new)
Paragraph 12 b (new)
12b. Endorses efforts to turn the European Investment Bank into a European Climate bank; welcomes the EIB commitment to align its operations with the Paris Agreement and dedicate 50% of its support to climate action and environmental sustainability by 2025; underlines the importance of making the ecological transition an inclusive transition in which no one is left behind; calls therefore on the ECB to stimulate efforts to make the EIB more sustainable by investing in socially and environmentally sustainable financial products, including by expanding its purchasing of EIB-issued green bonds;
Amendment 225 #
Motion for a resolution
Paragraph 12 c (new)
Paragraph 12 c (new)
12c. Calls on the ECB to prepare for the incorporation of the EU taxonomy for sustainable activities in its policies and to revise its implementation of the principle of market neutrality accordingly;
Amendment 279 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Encourages the ECB to explore alternatives to quantitative easing in order to pursue its policy objectives; calls on the ECB to investigate the effectiveness of direct transfers to households as one such alternative and study which political governance framework would be required to legally implement such a scheme.
Amendment 285 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
Amendment 287 #
Motion for a resolution
Paragraph 18 c (new)
Paragraph 18 c (new)
18c. Underlines the technical nature of ECB rate-setting decisions and the importance of public support for expert- led decision making in this field; criticizes therefore the politicising of ECB policy decisions; calls on all politicians and national central bankers to be careful in making public statements that can undermine trust in and support for ECB policies