17 Amendments of Stefan GEHROLD related to 2018/0178(COD)
Amendment 131 #
Proposal for a regulation
Recital 5
Recital 5
(5) In December 2016, the Commission mandated a High-Level Expert Group to develop an overarching and comprehensive Union strategy on sustainable finance. The report of the High-Level Expert Group published on 31 January 201824 calls for the creation of a technically robust classification system at Union level to establish clarity on which activities are ‘green’ or ‘sustainable’, starting with climate change mitigation. Activities which help to lessen the human influence on climate change should be classified first. _________________ 24 EU High-Level Expert Group on Sustainable Finance Final Report, Financing a Sustainable European Economy, available at: https://ec.europa.eu/info/sites/info/files/180 131-sustainable-finance-final- report_en.pdf.
Amendment 173 #
Proposal for a regulation
Recital 14
Recital 14
(14) In the context of achieving SDGs in the Union, policy choices such as the creation of a European Fund for Strategic Investment, have proven to be effective in contributing to channel private investment alongside public spending towards sustainable investments. Regulation (EU) 2015/1017 of the European Parliament and of the Council27 specifies a 40% climate investment target for infrastructure and innovation projects designed to lessen the human influence on climate change under the European Fund for Strategic Investment. Common criteria for the sustainability of economic activities could underpin future similar initiatives of the Union supporting investment pursuing climate-related or other environmental objectives. _________________ 27 Regulation (EU) 2017/2396 of the European Parliament and of the Council of 13 December 2017 amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub (OJ L 345, 27.12.2017, p. 34).
Amendment 300 #
Proposal for a regulation
Article 2 – paragraph 1 – point d
Article 2 – paragraph 1 – point d
(d) 'climate change mitigation' means the process of holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and limiting the temperature increase to 1.5 °C above pre-industrial levels;lessening the human influence on climate change' reflects the fact that a precise distinction must be drawn between climate changes brought about solely by human action and climate changes which are part of an ongoing natural process. Human influence on climate change should not bring about a temperature increase in excess of 2°C.
Amendment 393 #
Proposal for a regulation
Article 5 – paragraph 1 – point 1
Article 5 – paragraph 1 – point 1
(1) lessening the human impact on climate change mitigation;
Amendment 402 #
Proposal for a regulation
Article 5 – paragraph 1 – point 6 a (new)
Article 5 – paragraph 1 – point 6 a (new)
(6a) sustainable economic growth
Amendment 403 #
Proposal for a regulation
Article 6 – title
Article 6 – title
Substantial contribution to lessening the human impact on climate change mitigation
Amendment 406 #
Proposal for a regulation
Article 6 – paragraph 1 – introductory part
Article 6 – paragraph 1 – introductory part
1. An economic activity shall be considered to contribute substantially to lessening the human impact on climate change mitigation where that activity substantially contributes to the stabilization of greenhouse gas concentrations in the atmosphere at a level which prevents dangerous anthropogenic interference with the climate system by avoiding or reducing greenhouse gas emissions or enhancing greenhouse gas removals through any of the following means, including through process or product innovation:
Amendment 415 #
Proposal for a regulation
Article 6 – paragraph 1 – point a
Article 6 – paragraph 1 – point a
(a) generating, storing or using renewable energy or climate-neutrallow-carbon energy (including carbon-neutral energy), including through using innovative technology with a potential for significant future savings or through necessary reinforcement of the grid;
Amendment 432 #
Proposal for a regulation
Article 6 – paragraph 1 – point h
Article 6 – paragraph 1 – point h
(h) producing clean and efficient zero- emission or low-emission fuels from renewable or low-carbon-neutral sources.
Amendment 438 #
Proposal for a regulation
Article 6 – paragraph 2 – point a
Article 6 – paragraph 2 – point a
(a) supplement paragraph 1 to establish technical screening criteria for determining under which conditions a specific economic activity is considered, for the purposes of this Regulation, to contribute substantially to lessening the human impact on climate change mitigation;
Amendment 440 #
Proposal for a regulation
Article 6 – paragraph 2 – point a
Article 6 – paragraph 2 – point a
(a) supplement paragraph 1 to establish technical screening criteria for determining under which conditions a specific economic activity is considered, for the purposes of this Regulation, to contribute substantially and measurably to climate change mitigation;
Amendment 443 #
Proposal for a regulation
Article 7 – paragraph 1 – point b
Article 7 – paragraph 1 – point b
(b) preventing or reducing the negative effects that climate change may pose to the natural and built environment within which the economic activity takes place, which shall be assessed and prioritised using available climate proje(meta-)studies on the human impacti ons climate change.
Amendment 498 #
Proposal for a regulation
Article 11 a (new)
Article 11 a (new)
Article 11a Contributing substantially to environmental protection through sustainable economic growth (1) An economic activity contributes substantially to environmental protection through sustainable economic growth if it produces a return at least equivalent to the global growth rate or if the market value of the enterprise performing the economic activity in question grows at a rate at least equivalent to that global growth rate. The reference period for assessing the growth rate shall be the previous three years. In order not to jeopardise sustainable economic growth and the related scope for investment in environmentally sustainable economic activities, investments must meet the following criteria in order to be regarded as sustainable: (a) the person liable for the economic activity is protected against insolvency; (b) the economic activity is sufficiently diversified with other economic activities. The economic activity is combined with three other economic activities in other market segments; (c) the growth forecasts for the economic activity reflect a defensive, long-term approach; (d) the standard deviation of the market value of the economic activity over the previous three years has not exceeded 66.6%. (2) In accordance with Article 17, the Commission shall adopt delegated acts: (a) to supplement paragraph 1 to establish technical screening criteria for determining under which conditions a specific economic activity is considered, for the purposes of this Regulation, to contribute substantially to environmental protection through sustainable economic growth; (b) to supplement Article 13 to establish technical screening criteria for each relevant environmental objective, for determining whether an economic activity in respect of which screening criteria are established pursuant to point (a) of this paragraph is considered, for the purposes of this Regulation, to cause significant harm to one or more of those objectives. (3) The Commission shall establish the technical screening criteria referred to in paragraph 2 together in one delegated act, taking into account the requirements laid down in Article 15. (4) The Commission shall adopt the delegated act referred to in paragraph 2 by 1 July 2022, with a view to ensure its entry into application on 31 December 2022.
Amendment 507 #
Proposal for a regulation
Article 12 – paragraph 1 – point a
Article 12 – paragraph 1 – point a
(a) human impact on climate change mitigation, where that activity leads to significant greenhouse gas emissions;
Amendment 649 #
Proposal for a regulation
Article 18 – paragraph 2 – point a
Article 18 – paragraph 2 – point a
Amendment 652 #
Proposal for a regulation
Article 18 – paragraph 2 – point b
Article 18 – paragraph 2 – point b
Amendment 659 #
Proposal for a regulation
Article 18 – paragraph 2 – point c
Article 18 – paragraph 2 – point c
(c) in respect of the environmental objectives referred to in points (31) andto (67) of Article 5, from 31 December 20221.