Activities of Giorgos GRAMMATIKAKIS related to 2018/0229(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council establishing the InvestEU Programme
Amendments (25)
Amendment 30 #
Proposal for a regulation
Recital 6
Recital 6
(6) The InvestEU Fund should support investments in tangible and intangible assets to foster growth, investment and, employment, and sustainability and thereby contributing to improved well- being and fairer income distribution in the Union. Intervention through the InvestEU Fund should complement Union support delivered through grants.
Amendment 34 #
Proposal for a regulation
Recital 9
Recital 9
(9) Reflecting the importance of tackling climate change in line with the Union's commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals, the InvestEU Programme will contribute to mainstream climate actions and to the achievement of an overall target of 2530 % of the Union budget expenditures supporting climate objectives. Actions under the InvestEU Programme are expected toshould contribute 3045 % of the overall financial envelope of the InvestEU Programme to climate objectives. Relevant actions will be identified during the InvestEU Programme's preparation and implementation and reassessed in the context of the relevant evaluations and review processes.
Amendment 42 #
Proposal for a regulation
Recital 12
Recital 12
(12) Investment projects receiving substantial Union support, notably in the area of infrastructure, should be subject to sustainability proofing in accordance with guidance appropriate for the size and type of investment that should be developed by the Commission in cooperation with implementing partners under the InvestEU Programme and, using in an appropriate way the criteria established by [Regulation on establishment of a framework to facilitate sustainable investment] for determining whether an economic activity is environmentally sustainable and coherently with the guidance developed for other programmes of the Union. Such guidance should include adequate provisions to avoid undue administrative burden.
Amendment 47 #
Proposal for a regulation
Recital 13
Recital 13
(13) Low infrastructure investment rates in the Union during the financial crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. Sizeable investments in the European infrastructure are fundamental to meet the Union's sustainability targets, including the 2030 energy and climate targets as well as the 2050 decarbonisation target. Accordingly, support from the InvestEU Fund should target investments into clean transport, energy, includingespecially energy efficiency and renewable energy, environmental, climate action, maritime and digital infrastructure. To maximise the impact and the value added of Union financing support, it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant Union programmes. Bearing in mind security threats, investment projects receiving Union support should take into account principles for the protection of citizens in public spaces. This should be complementary to the efforts made by other Union funds such as the European Regional Development Fund providing support for security components of investments in public spaces, transport, energy and other critical infrastructure.
Amendment 48 #
Proposal for a regulation
Recital 14
Recital 14
(14) Whereas the level of overall investment in the Union is increasing, investment in higher-risk activities such as research and innovation is still inadequate. The resulting underinvestment in research and innovation is damaging to the industrial and economic competitiveness of the Union and, the quality of life of its citizens and to the achievement of the energy and climate goals. The InvestEU Fund should provide the appropriate financial products to cover different stages in the innovation cycle and a wide range of stakeholders, in particular to allow the upscaling of and deployment of solutions at a commercial scale in the Union, in order to make such solutions competitive on world markets.
Amendment 60 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) the sustainability of the Union economy and its growth, including climate change mitigation and adaptation;
Amendment 63 #
Proposal for a regulation
Article 3 – paragraph 2 – point b
Article 3 – paragraph 2 – point b
(b) to support financing and investment operations in research, innovation and digitisation in particular to allow for a timely shift to a low carbon and circular economy;
Amendment 71 #
Proposal for a regulation
Article 7 – paragraph 1 – point a
Article 7 – paragraph 1 – point a
(a) sustainable infrastructure policy window: comprises sustainable investment in the areas of transport, clean energy, digital connectivity, supply and processing of raw materials, space, oceans and water, waste, nature and other environment infrastructure, equipment, mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the Union, or to both, orand meet the environmental or social sustainability standards of the Union;
Amendment 73 #
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
(b) research, innovation and digitisation policy window: comprises research and innovation activities, transfer of research results to the market, demonstration and deployment of innovative solutions and support to scaling up of innovative companies other thanincluding SMEs as well as digitisation of Union industry;
Amendment 75 #
Proposal for a regulation
Article 7 – paragraph 1 – point d
Article 7 – paragraph 1 – point d
(d) social investment and skills policy window: comprises microfinance, social enterprise finance and social economy; skills, education, training and related services; social infrastructure (including social and student housing); social innovation; health and long-term care; inclusion and accessibility; cultural activities with a social goal; integration of vulnerable people, including third country nationals; redeployment, re-skilling and up-skilling of workers, education, job- seeking initiatives as well as development of new jobs in carbon-dependent regions affected by the necessary transition to a low-carbon economy.
Amendment 78 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
Financing and investment operations under the sustainable infrastructure policy windows referred to in points (a) to (d) of paragraph (1) shall be subject to climate, environmental and social sustainability proofing through minimum sustainability thresholds in project scoreboards with a view to minimise detrimental impacts and maximise benefits on climate, environment and social dimension. For that purpose, promoters requesting financing shall provide adequate information based onaccording to guidance to be developed by the Commission. Projects below a certain size defined in the guidance shall be excluded from the proofing based on the Regulation on the establishment of a framework to facilitate sustainable investment (COM(2018)353). The guidance may differentiate between investments according to their type and size.
Amendment 83 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point a a (new)
Article 7 – paragraph 3 – subparagraph 2 – point a a (new)
a a) ensure compliance with EU environmental policies and standards;
Amendment 85 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
c a) rule out support for projects that run contrary to achieving the mid- and long-term climate and energy targets of the EU
Amendment 88 #
Proposal for a regulation
Article 7 – paragraph 4
Article 7 – paragraph 4
4. Implementing partners shall provide the information necessary to allow the tracking of investment that contributes to meeting the Union objectives on climate and environment, based on guidance to be provided by the Commission. The Commission shall ensure that the tracking method will be centrally managed and compatible with tracking climate mainstreaming objectives across the EU budget;
Amendment 93 #
Proposal for a regulation
Article 7 – paragraph 5
Article 7 – paragraph 5
5. Implementing partners shall target that aAt least 450 % of the investment under the sustainable infrastructure policy windowInvestEU programme shall contribute to meeting the Union objectives on climate and environment.objectives and 10 % on environment objectives;
Amendment 107 #
Proposal for a regulation
Article 18 – paragraph 3
Article 18 – paragraph 3
3. The Commission shall confirm whether the proposed financing and investment operations by the implementing partners comply with Union law and policies and whether it is considered to count towards the targets specified in Article 7 paragraph 5.
Amendment 124 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point a
Annex II – paragraph 1 – point 1 – point a
(a) expansion of the generation, supply, storage or use of clean and sustainable renewable energy;
Amendment 128 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point c
Annex II – paragraph 1 – point 1 – point c
(c) development, smartening and modernisation of sustainable energlectricity infrastructure (transmission and distribution level, storage technologies);
Amendment 140 #
Proposal for a regulation
Annex II – paragraph 1 – point 3 – point a
Annex II – paragraph 1 – point 3 – point a
(a) water, including supply and sanitation, and coastal and insular infrastructure and other water-related green infrastructure;
Amendment 142 #
Proposal for a regulation
Annex II – paragraph 1 – point 3 – point e
Annex II – paragraph 1 – point 3 – point e
(e) sustainable urban, rural and, coastal and insular development;
Amendment 143 #
Proposal for a regulation
Annex II – paragraph 1 – point 3 – point g
Annex II – paragraph 1 – point 3 – point g
(g) projects and enterprises that implement circular economy by integrating resource efficiency aspects in the production and product life-cycle, including the sustainable supply of primary and secondary raw materials as well as the eventual re-use and recycling;
Amendment 148 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point b
Annex II – paragraph 1 – point 5 – point b
(b) corporate projectsresearch and innovation processes, technology transfer and cooperation between enterprises focusing on the new low carbon economy, resilience and adaptation to climate change and the circular economy;
Amendment 150 #
Proposal for a regulation
Annex II – paragraph 1 – point 11 – point i a (new)
Annex II – paragraph 1 – point 11 – point i a (new)
(i a) redeployment, re-skilling and upskilling of workers, education and job- seeking initiatives in regions depending on a carbon intensive economy and affected by the structural transition to a low-carbon economy;
Amendment 153 #
Proposal for a regulation
Annex III – point 3 – point 3.2
Annex III – point 3 – point 3.2
3.2 Investment supporting climate objectives and estimated CO2 reduction
Amendment 154 #
Proposal for a regulation
Annex III – point 3 – point 3.2 a (new)
Annex III – point 3 – point 3.2 a (new)
3.2 a Investment supporting environment objectives