BETA

Activities of Pedro MARQUES related to 2020/2058(INI)

Plenary speeches (1)

Sustainable Europe Investment Plan - How to finance the Green Deal (debate)
2020/11/12
Dossiers: 2020/2058(INI)

Amendments (61)

Amendment 20 #
Motion for a resolution
Recital -A (new)
-A. whereas all sectors of the EU economy will be impacted by the transition towards a sustainable economy,
2020/07/03
Committee: BUDGECON
Amendment 22 #
Motion for a resolution
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,
2020/07/03
Committee: BUDGECON
Amendment 26 #
Motion for a resolution
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,
2020/07/03
Committee: BUDGECON
Amendment 27 #
Motion for a resolution
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
2020/07/03
Committee: BUDGECON
Amendment 29 #
Motion for a resolution
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,
2020/07/03
Committee: BUDGECON
Amendment 31 #
Motion for a resolution
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,
2020/07/03
Committee: BUDGECON
Amendment 32 #
Motion for a resolution
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,
2020/07/03
Committee: BUDGECON
Amendment 33 #
Motion for a resolution
Recital -A (new)
-A. whereas the spending required to support European economies raise the question of how incurred debt will be repaid; whereas it is important to prevent the increase in inequalities suffered following the previous crisis, where the burden on citizens was increased to bail out banks,
2020/07/03
Committee: BUDGECON
Amendment 34 #
Motion for a resolution
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,
2020/07/03
Committee: BUDGECON
Amendment 35 #
Motion for a resolution
Recital -A (new)
-A. whereas environmental taxes represented 6% of all tax income in EU Member States in 2018, while global fossil fuel subsidies constitute over 6 % of global GDP1a, __________________ 1aEnvironmental tax revenues, Last update: 24-02-2020 https://appsso.eurostat.ec.europa.eu https://www.imf.org/en/Publications/WP/I ssues/2019/05/02/Global-Fossil-Fuel- Subsidies-Remain-Large-An-Update- Based-on-Country-Level-Estimates-46509
2020/07/03
Committee: BUDGECON
Amendment 48 #
Motion for a resolution
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; considers that the investment envisaged in the SEIP will deliver necessary economic stimulus, build resilience to future shocks and create jobs;
2020/07/03
Committee: BUDGECON
Amendment 50 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 65 #
Motion for a resolution
Paragraph 2
2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; highlights that this oath applies to both social and environmental objectives; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050 while providing sufficient guarantees to ensure social equity in the sustainable transition;
2020/07/03
Committee: BUDGECON
Amendment 68 #
Motion for a resolution
Paragraph 2
2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; stresses that the recovery shall be built on the Sustainable Development Goals and shall support the twin green and digital transitions; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050;
2020/07/03
Committee: BUDGECON
Amendment 112 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 123 #
Motion for a resolution
Paragraph 4 a (new)
4a. Calls for the issuing of long-term common bonds to contribute to financing the recovery and the just and sustainable transition;
2020/07/03
Committee: BUDGECON
Amendment 130 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 140 #
Motion for a resolution
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, protect environment and preserve biodiversity, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;
2020/07/03
Committee: BUDGECON
Amendment 145 #
Motion for a resolution
Paragraph 5 a (new)
5a. Calls on the Commission to disclose the exposure of all MFF and Next Generation EU funds to the different EU taxonomy objectives and categories;
2020/07/03
Committee: BUDGECON
Amendment 148 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 152 #
Motion for a resolution
Paragraph 6
6. Believes that public and private finance should adhere to the EU taxonomy and to the Do Not Significantly Harm (DNSH) principle, with particular emphasis on the Recovery and Resilience Facility, in order to ensure that EU policies and financing, including the EU budget, the programmes financed through Next Generation EU, the European Semester and EIB financing do not contribute to objectives, projects and activities that significantly harm social or environmental objectives; calls for an operationalisation of the ‘do not significantly harm’ principle by clear and targeted exclusions in relevant EU funding regulations, in particular for fossil fuels, and a delegated act on climate, environmental and social proofing before the end of the year, as planned for example in the InvestEU regulation;
2020/07/03
Committee: BUDGECON
Amendment 176 #
Motion for a resolution
Paragraph 7
7. Calls for the phasing-out of public and private investments in highly polluting and harmful industries, using the EU taxonomy criteria, for which economically feasible alternatives are available, while fully respecting the rights of Member States to choose their energy mix;
2020/07/03
Committee: BUDGECON
Amendment 188 #
Motion for a resolution
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; welcomes the new European Union Recovery Instrument, "Next Generation EU", as an emergency instrument to support investments and reforms aligned with the Sustainable Development Goals and to reinforce the EU programmes that contribute for a sustainable and resilience recovery of the EU economy;
2020/07/03
Committee: BUDGECON
Amendment 227 #
Motion for a resolution
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; supports a strengthened European Agricultural Fund (EAFRD) to help farmers and rural areas to deliver the green transition, ensure a sustainable management of natural resources and preserve biodiversity;
2020/07/03
Committee: BUDGECON
Amendment 246 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 258 #
Motion for a resolution
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; stresses the importance to support sustainable infrastructure projects, including the renovation wave for local jobs; welcomes the proposal to create a Strategic Investment Facility within InvestEU to promote sustainable investments in key technologies (such as clean hydrogen and batteries) and value chains;
2020/07/03
Committee: BUDGECON
Amendment 284 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 312 #
Motion for a resolution
Paragraph 14 a (new)
14a. Supports the work of the Commission to develop a levy based on the operations of large enterprises; considers that multinational corporates have been able to increase their profitability thanks to the EU’s single market without having had to contribute to the maintenance and deepening of this market; calls in this context for a levy on the largest corporates with a global turnover of €750 million for their usage of the single market; considers that the size of this levy should correspond to the size of the business and that the revenues of this levy should be used to repay EU-debt incurred through Next Generation EU;
2020/07/03
Committee: BUDGECON
Amendment 322 #
Motion for a resolution
Paragraph 14 b (new)
14b. Calls on all Member States to join the enhanced cooperation framework to implement a Financial Transaction Tax;
2020/07/03
Committee: BUDGECON
Amendment 333 #
Motion for a resolution
Paragraph 15
15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; calls on the EIB to review and modify its climate action definitions, namely the environmental sustainability financing definitions, in line with the EU taxonomy;
2020/07/03
Committee: BUDGECON
Amendment 347 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 361 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 371 #
Motion for a resolution
Paragraph 17
17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis; encourages the ECB to move forward with its monetary policy review in order to evaluate the financing of economic activities causing significant harm to environmental and social objectives; calls on the ECB to disclose annually its degree of alignment with the Paris Agreement and its exposure to the EU taxonomy;
2020/07/03
Committee: BUDGECON
Amendment 374 #
Motion for a resolution
Paragraph 17
17. Recalls the statement of the ECB President that the ECB is supporting the development of a taxonomy as a way of facilitating the incorporation of environmental considerations in central bank portfolios; emphasizes that environmental and climate disasters more and more poses financial stability risks and, therefore, prudential regulation and supervision shall better incorporate those long-term risks in their assessments; calls on the ECB to evaluate the feasibility of including sustainability criteria in its collateral framework and its annual stress testing exercise, while assessing ways to guide lending towards energy transition investments and to rebuild a sustainable economy in the aftermath of the COVID- 19 crisis;
2020/07/03
Committee: BUDGECON
Amendment 385 #
Motion for a resolution
Paragraph 17 a (new)
17a. Supports the calls from the European Central Bank and the Central Banks and Regulators’ Network for Greening the Financial System (NGFS) to extend the EU taxonomy to unsustainable activities as soon as possible, enabling financial regulators to better assess sustainability-related financial risks;
2020/07/03
Committee: BUDGECON
Amendment 388 #
Motion for a resolution
Paragraph 17 b (new)
17b. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to rapidly develop annual climate scenario testing on financial institutions they supervise, as currently discussed notably in the NGFS, in order to understand where and how far climate-related financial risks sit in portfolios of relevant EU financial institutions;
2020/07/03
Committee: BUDGECON
Amendment 391 #
Motion for a resolution
Paragraph 18
18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data registerwith sector- specific Key Performance Indicators, an EU public sustainability data register and mainstreaming sustainability within all financial legislation through legislative reviews, enabling investors to better act upon their sustainability preferences;
2020/07/03
Committee: BUDGECON
Amendment 393 #
Motion for a resolution
Paragraph 18
18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register; recalls the genuine importance of green finance to the international role of the euro in the next decade.
2020/07/03
Committee: BUDGECON
Amendment 398 #
Motion for a resolution
Paragraph 18 a (new)
18a. Commends the progress made on the basis of the initiatives included in the 2018 Sustainable Finance Action Plan; calls for the swift adoption of secondary legislation, taking into account the full range of sustainability criteria and indicators; calls specifically for a swift implementation of the “do not significantly harm” principle as outlined in the disclosure and taxonomy regulations; highlights the importance of having equally ambitious disclosure requirements for all financial products;
2020/07/03
Committee: BUDGECON
Amendment 403 #
Motion for a resolution
Paragraph 18 b (new)
18b. Calls on the Commission to swiftly follow the advice of the Technical Expert Group on Sustainable Finance and fully exclude nuclear energy generation as a sustainable activity as defined by the taxonomy framework, including as a transitional activity;
2020/07/03
Committee: BUDGECON
Amendment 407 #
Motion for a resolution
Paragraph 19
19. Insists on the integration of social objectives in the sustainability framework, including through an evaluation of extending the scope of taxonomy and the development of an EU Social Bond Standard; Calls for the “Do Not Significantly Harm” principle to look at concrete social objectives including employee absenteeism, percentage of full- time employees and employees on long- term contracts, the percentage of salaries above living-wage, gender and ethnic pay gap, ratio in salary and variable remuneration between CEOs and average employees, tax compliance and corruption practices; calls for the activities pursued by companies who fail to achieve a sufficient score on any one of the above parameters to not qualify as sustainable economic activities as defined by the Disclosure Regulation and the Taxonomy Regulation;
2020/07/03
Committee: BUDGECON
Amendment 417 #
Motion for a resolution
Paragraph 20
20. IEndorses the call by the High Level Expert Group on Sustainable Finance for new measures to foster long- termism to benefit people and planet; insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates together with liability and access to remedy in EU court; welcomes the preparation of a sustainable corporate governance initiative; which should include a legislative proposal on directors duties including mandatory sustainability strategies and measurable targets for large companies;
2020/07/03
Committee: BUDGECON
Amendment 422 #
Motion for a resolution
Paragraph 20 a (new)
20a. Favours the extension of the sustainability framework to the corporate sector; calls for mandatory sustainability reporting and due diligence for both financial institutions and large corporates, for stricter corporate liability regarding sustainability risks and for better quality data reporting, including by introducing verification mechanism and independent auditing;
2020/07/03
Committee: BUDGECON
Amendment 423 #
Motion for a resolution
Paragraph 20 b (new)
20b. Calls for an ambitious revision of the Non-Financial Reporting Directive, ensuring there is an equal obligation on all corporates operating in the EU market to disclose the impact of their activities on environmental, social and governance sustainability;
2020/07/03
Committee: BUDGECON
Amendment 425 #
Motion for a resolution
Paragraph 21
21. Recalls that investments in unsustainable economic activities may lead to stranded assets with lock-in effects; considers this risk to be insufficiently integrated in credit ratings and prudential frameworks including the Basel framework; calls for a review of the Credit Ratings Regulation to promote transparency in sustainability rating and an assessment of the possibility of inclusion of sustainability factors in prudential legislation; calls for the development of a brown taxonomy indicating investments facing increased exposure to climate risks and for the use of this brown taxonomy in the prudential framework;
2020/07/03
Committee: BUDGECON
Amendment 449 #
Motion for a resolution
Paragraph 22
22. CHighlights the risk of reduced public spending on the sustainable transition in the context of the covid-19 crisis; calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manneradvocates for the creation of a Sustainable Green Golden Rule to exclude sustainable investments from the EU’s economic governance framework; calls for a sustainable development pact to survey the implementation of the sustainability objectives and the green investment gap in each Member State; welcomes that EU Taxonomy will guide investment in Europe’s recovery to ensure it is in line with the EU-long term ambitions ; calls for a greater transparency of the degree of sustainability of public investment at EU and Member State level; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner; supports the pledge by the Commission to explore how the EU Green Bond Standard, as well as other enabling frameworks, can increase public and private finance for sustainable investments;
2020/07/03
Committee: BUDGECON
Amendment 451 #
Motion for a resolution
Paragraph 22
22. Calls for the introduction of an enabling framework for public sustainable investments to achieve the goals set out in the European Green Deal, but stresses that whatever financing model is chosen must not undermine the sustainability of public finance in the EU; believes that the review of the EU's Economic governance framework should look at ways of incentivising Member States to undertake reforms and investments to tackle environmental challenges while preserving debt sustainability; calls on Member States to be more active in applying principles of green budgeting as a way to deliver on the objectives of the European Green Deal while improving the quality of public finances; supports the commitment by EVP Dombrovskis to explore how taxonomy can be used in the public sector; calls for public support for airlines to be used in a sustainable and efficient manner;
2020/07/03
Committee: BUDGECON
Amendment 466 #
Motion for a resolution
Paragraph 22 a (new)
22a. Calls for the general escape clause of the Stability and Growth Pact (SGP) to last throughout the current economic and sanitary crisis; highlights that high debt levels following the reactivation of the budgetary rules may result in excessive deficit procedures for many EU Member States; calls for the reform of the SGP with an expenditure rule that facilitates net public investments, allows for counter-cyclical action and takes into consideration the EU fiscal stance as a whole, so as to reduce the risk of severe austerity imposed following the reactivation of the SGP, and enable the investment needed for the recovery and the sustainable and just transition;
2020/07/03
Committee: BUDGECON
Amendment 477 #
Motion for a resolution
Paragraph 22 b (new)
22b. Calls on the Member States to disclose the exposure of their annual budget to the different EU taxonomy objectives and categories;
2020/07/03
Committee: BUDGECON
Amendment 485 #
Motion for a resolution
Paragraph 23
23. Recalls that the European Semester is a framework for EU Member States to coordinate their budgetary and economic policies; believes that it couldmust facilitate the implementation of the European Green Deal, the European Pillar of Social Rights and the UN Sustainable Development Goals (SDGs); believes that the SDGs should be at the heart of EU’s policy making process; therefore calls for a new Sustainable Development Cycle as one comprehensive surveillance procedure for economic, social and sustainability objectives and to apply the above mentioned sustainable development pact;
2020/07/03
Committee: BUDGECON
Amendment 497 #
Motion for a resolution
Paragraph 24
24. Notes that recovery and resilience plans will be based on shared EU priorities; highlights in this context the European Green Deal and the European Pillar of Social Rights; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector; considers that the sustainability provisions in the current Recovery and Resilience Facility Regulation are insufficient; deems essential the incorporation of the EU Taxonomy in recovery and resilience plans through an ambitious minimum spending target on environmentally sustainable economic activities and the application of the Do Not Significantly Harm principle to all spending through these plans; deems the Commission responsible for monitoring adherence to these plans and for re- appropriating funds not spent in accordance with the plans;
2020/07/03
Committee: BUDGECON
Amendment 499 #
Motion for a resolution
Paragraph 24
24. Notes that recovery and resilience plans will be based on shared EU priorities; calls for green recovery investments under the Recovery and Resilience Facility in order to accelerate the structural transformation of the economy towards a more clean, resilient and carbon-neutral economy; highlights in this context the European Green Deal and the European Pillar of Social Rights; seeks the inclusion of priorities in areas such as employment, skills, education, digital, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;
2020/07/03
Committee: BUDGECON
Amendment 511 #
Motion for a resolution
Paragraph 24 b (new)
24b. Highlights that Member States granting state aid should ensure that financial assistance is in line with the EU’s climate, environmental and social objectives, in particular for aid granted to energy-intensive sectors and large carbon dioxide emitters;
2020/07/03
Committee: BUDGECON
Amendment 512 #
Motion for a resolution
Paragraph 24 c (new)
24c. Calls on the Commission to revise State aid rules to set common minimum sustainability standards and to require large companies asking for support in high -carbon sectors to set and publish climate science-based targets and time- bound net-zero transition plans to align their operations with the Paris Agreement;
2020/07/03
Committee: BUDGECON
Amendment 520 #
Motion for a resolution
Paragraph 25
25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘green transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quo when providing support to companies; believes that green 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 green transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;
2020/07/03
Committee: BUDGECON
Amendment 524 #
Motion for a resolution
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;
2020/07/03
Committee: BUDGECON
Amendment 545 #
Motion for a resolution
Paragraph 26 a (new)
26a. Recalls that tax evasion and tax avoidance cause potential lost resources for national and EU budgets quantified as ranging from €50-70 billion to€160-190 billion;1a therefore seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning ; calls on the Commission to establish criteria on which it assesses EU Member State that would result in a black-list of EU Member States facilitating tax avoidance and to draft binding tax compliance plans for these Member States; __________________ 1aEuropean Parliament, EPRS, Bringing transparency, coordination and convergence to corporate tax policies in the European Union: I - Assessment of the magnitude of aggressive corporate tax planning, Study, 2015
2020/07/03
Committee: BUDGECON
Amendment 546 #
Motion for a resolution
Paragraph 26 b (new)
26b. Calls on Member States that are accused of facilitating tax avoidance to implement a minimum effective tax rate of 18% on all profits generated at Member State level, including profits shifted to tax havens through passive income such as interests and royalties payments or other base erosion and profit shifting tools so as to fight tax avoidance and mobilise resources to finance the sustainable and just transition.
2020/07/03
Committee: BUDGECON
Amendment 547 #
Motion for a resolution
Paragraph 26 c (new)
26c. Recalls that Value Added Tax (VAT) can be used to incentivise moving from harmful to sustainable activities; therefore urges Member States to adopt the definitive package on VAT which would enable them to make use of targeted VAT rates for goods and services supporting the realisation of the European Green Deal;
2020/07/03
Committee: BUDGECON
Amendment 555 #
Motion for a resolution
Paragraph 27
27. Wishes it to be ensured that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; considers that corporate profits and private wealth flow the lowest-taxed jurisdictions within the single market; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seeks in this context an ambitious strategy for business taxation for the 21st century and calls for an EU- coordinated wealth tax;
2020/07/03
Committee: BUDGECON
Amendment 566 #
Motion for a resolution
Paragraph 27 a (new)
27a. Reiterates its call for phasing out of fossil fuel subsidies including in the form of a tax advantage, while fully respecting of the rights of Member State to choose their energy mix; supports, however, tax measures that would incentivise investment in cleaner energy and mode of transportation;
2020/07/03
Committee: BUDGECON