58 Amendments of Michal WIEZIK related to 2020/0108(COD)
Amendment 2 #
Proposal for a regulation
Recital 1
Recital 1
(1) The Covid-19 pandemic is a major shock to the global and Union economy. Due to the necessary containment measures, economic activity in the EU dropped significantly. The contraction in EU GDP in 2020 is expected to be around 7.5%, far deeper than during the financial crisis in 2009. The outbreak of the pandemic has shown the interconnectivity of global supply chains and exposed some vulnerabilities such as the over-reliance of strategic industries on non-diversified external supply sources. Such vulnerabilities need to be addressed, particularly for small and medium-sized enterprises (SMEs), to improve the Union’s emergency response as well as the resilience of the entire economy, while maintaining its openness to competition and trade in line with its rules. Investment activity is expected to have dropped significantly. Even before the pandemic, while a recovery in investment-to-GDP ratios in the Union could be observed, it remained below what might be expected in a strong recovery and was insufficient to compensate for years of underinvestment following the 2009 crisis. More importantly, the current investment levels and forecasts do not cover the Union’s needs for structural investment to restart and sustain long-term growth in the face of technological change and global competitiveness, including for innovation, skills, infrastructure, small and medium- sized enterprises (SMEs) and the need to address key societal challenges such as sustainability or population ageing. Consequently, in order to achieve the Union's policy objectives, in particular the dual objective of accelerating the climate and digital transitions, and to support a swift, inclusive and healthy economic recovery, support is necessary to address market failures and sub-optimal investment situations and to reduce the investment gap in targeted sectors.
Amendment 14 #
Proposal for a regulation
Recital 5
Recital 5
(5) The InvestEU Fund should contribute to improving the competitiveness and socio-economic convergence and cohesion, cohesion and long-term economic growth of the Union, including in the fields of innovation and digitisation, to the efficient use of resources in accordance with the circular economy, to the sustainability and inclusiveness of the Union's economic growth and to the social resilience and integration of the Union capital markets, including through solutions that address the fragmentation of Union capital markets and that diversify sources of financing for Union enterprises. To that end, the InvestEU Fund should support projects that are technically and economically viable by providing a framework for the use of debt, risk sharing and equity instruments backed up by a guarantee from the Union budget and by financial contributions from implementing partners as relevant. The InvestEU Fund should be demand-driven, while at the same time it should focus on providing strategic, long-term benefits in relation to key areas of Union policy which otherwise would not be funded or would be insufficiently funded, thereby contributing to meeting policy objectives of the Union. Support under the InvestEU Fund should cover a wide range of sectors and regions, but should avoid excessive sectoral or geographical concentration and should facilitate access of projects composed of partner entities in multiplewith high growth potential and in key strategic sectors in all regions across the EU.
Amendment 20 #
Proposal for a regulation
Recital 8 a (new)
Recital 8 a (new)
(8 a) According to recent research, reducing the temperature increase to 1,5- 2 degrees represents an economically optimal climate policy1a , which is a switch from the 2016 position that such a reduction in the temperature increase is either unattainable or far from the economic optimum. With this understanding, the InvestEU should be a basis for support of an ambitious climate policy. _________________ 1a M. C. Hänsel, M. A. Drupp, D. J. A. Johansson, F. Nesje, Ch. Azar, M. C. Freeman, B. Groom and T. Sterner, 2020: Climate economics support for the UN climate targets. In Nature Climate Change, available at: https://www.nature.com/articles/s41558- 020-0833-x
Amendment 28 #
Proposal for a regulation
Recital 10
Recital 10
(10) Reflecting the importance of tackling climate change in line with the Union's commitments to implement the Paris Agreement on Climate Change and the SDGs, 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 to contribute 3at least 40 % 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 37 #
Proposal for a regulation
Recital 12
Recital 12
(12) According to the 2018, 2019 and 2020 Global Risks Reports1a issued by the World Economic Forum, half of the ten most critical risks threatening the global economy relate to the environment. Such risks include the pollution of air, soil, inland waters and oceans, extreme weather events, biodiversity losses and failures of climate- change mitigation and adaptationThe most up to date 2020 Report ranks the climate action failure the gravest in terms of its impact, and biodiversity loss third, up from the fourth and eighth place respectively in 20182a. Environmental risks also rank highest in terms of likelihood. While water crisis is classified in a societal and not in an environmental category, the respective risk is strongly linked to environmental risks and has also ranked among the top 10 in the recent years both in likelihood and its impact. Environmental principles are strongly embedded in the Treaties and many of the Union's policies. Therefore, the mainstreaming of environmental objectives should be promoted in operations related to the InvestEU Fund. Environmental protection and the prevention and management of related risks should be integrated in the preparation and implementation of investments. The Union should also track its biodiversity-related and air pollution control-related expenditures in order to fulfil the reporting obligations under the Convention on Biological Diversity26 and under Directive (EU) 2016/2284 of the European Parliament and of the Council27 . Investment allocated to environmentally sustainability objectives should therefore be tracked using common methodologies that are consistent with methodologies developed under other Union programmes that apply to climate, biodiversity and air pollution management in order to allow the assessment of the individual and combined impact of investments on the key components of natural capital, including air, water, land and biodiversity. _________________ 261a2020 Global Risks Report, available at http://www3.weforum.org/docs/WEF_Glo bal_Risk_Report_2020.pdf , 2019 GRR http://www3.weforum.org/docs/WEF_Glo bal_Risks_Report_2019.pdf , 2018 Global Risks Report, available at http://www3.weforum.org/docs/WEF_GR R18_Report.pdf 2a2018 Global Risks Report, available at http://www3.weforum.org/docs/WEF_GR R18_Report.pdf . in 2019 climate action failure already ranked 1st in terms of impact (and 2nd in terms of likelihood; extreme weather events ranked 1st), biodiversity loss ranked 6th in 2019) OJ L 309, 13.12.1993, p. 3. 26 27Directive (EU) 2016/2284 of the European Parliament and of the Council of 14 December 2016 on the reduction of national emissions of certain atmospheric pollutants, amending Directive 2003/35/EC and repealing Directive 2001/81/EC (OJ L 344, 17.12.2016, p. 1).
Amendment 43 #
Proposal for a regulation
Recital 13
Recital 13
(13) Investment projects that receive substantial Union support, in particular in the area of infrastructure, should be screened by the implementing partner to determine whether they have an environmental, climate or social impact. Investment projects that have such an impact should be subject to sustainability proofing in accordance with guidance that should be developed by the Commission in close cooperation with potential implementing partners under the InvestEU Programme. This guidance should appropriately use the criteria established by [Regulation on establishment of a framework to facilitate sustainable investment] for determining whether an economic activity is environmentally sustainable and consistent with the guidance developed for other programmes of the Union. Consistent with the principle of proportionality, such guidance should include adequate provisions for avoiding undue administrative burdens, and projects below a certain size as to be defined in the guidance should be excluded from the sustainability proofing. Where the implementing partner concludes that no sustainability proofing is to be carried out, it should provide a justification to the Investment Committee established for the InvestEU Fund. Operations that are inconsistent with the achievement of the climate objectiveand biodiversity objectives and targets should not be eligible for support under this Regulation.
Amendment 48 #
Proposal for a regulation
Recital 14
Recital 14
(14) Low infrastructure investment rates in the Union during the financial crisis and again during the Covid-19 crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. It also creates risk of consolidating imbalances and impacts regions’ development long-term. Sizeable investments in Union infrastructure, in particular with regard to interconnection and energy efficiency and to creating a Single European Transport Area, are essential to meeting the Union's sustainability targets, including the Union’s commitments towards the SDGs, and the 2030 energy and climate targets. Accordingly, support from the InvestEU Fund should target investments into transport, energy, including energy efficiency and renewable energy sources and other safe and sustainable low- emission energy sources, environmental infrastructure, infrastructure related to climate action, maritime infrastructure and digital infrastructure. The InvestEU Programme should prioritise areas that are under-invested, and in which additional investment is required. To maximise the impact and added value of Union financing support, it is appropriate to promote a streamlined investment process that enables visibility of the project pipeline and maximises synergies across relevant Union programmes in areas such as transport, energy and digitisation. Bearing in mind threats to safety and security, investment projects receiving Union support should include measures for infrastructure resilience, including infrastructure maintenance and safety, and 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 that provide support for security components of investments in public spaces, transport, energy and other critical, including green infrastructure, such as the European Regional Development Fund.
Amendment 52 #
Proposal for a regulation
Recital 19
Recital 19
(19) Tourism is an important area for the Union economy and the sector, which, employing more than 22 million people. The tourism sector experienced a particularly severe contraction as a result of COVID-19 pandemic with revenue losses having reached an estimated 85 % for hotels, restaurants, tour operators, travel agencies and long distancerail, and 90 % for cruises and airlines as of May 2020. . The InvestEU Programme should contribute to strengthening its long- term competitiveness by supporting operations promotinga sustainable, innovative and digital tourismrecovery in the tourism sector.
Amendment 56 #
Proposal for a regulation
Recital 24
Recital 24
(24) In the economic crisis caused by the Covid-19 pandemic, market allocation of resources is not fully efficient and perceived risk impairs private investment flow significantly. Under such circumstances, the key feature of the InvestEU Fund of de-risking economically viable projects to crowd in private finance is particularly valuable and should be reinforced, inter alia in order to counteract the risk of an asymmetric recovery. The InvestEU Programme should be able to provide crucial support to companies in the recovery phase, in particular SMEs, and at the same time ensure a strong focus of investors on the Union’s medium- and long-term policy priorities such as the European Green Deal, the European Green Deal Investment Plan, the Strategy on shaping Europe’s digital future and the Strong Social Europe for Just Transitions. It should significantly increase the risk- taking capacity of the European Investment Bank (EIB) Group and national promotional banks and institutions and other implementing partners in support of economic recovery.
Amendment 58 #
Proposal for a regulation
Recital 28
Recital 28
(28) The primary focus of the strategic European investment window should be on support to those final recipients established in a Member State and operating in the Union whose activities are of strategic importance to the Union in particular in view of the green and digital transitions but which also enhance the competitiveness of the Member States' economies, including the need to rebuild the Member States' productive capacity and create future- oriented investments promoting entrepreneurship and job creation, and of enhanced resilience, in areas ofcluding by decreasing dependence on vulnerable supply chains. Projects should bring Union added value and should either be cross-border or generate real added value in more than one Member State or region through spill-over effects. No support should flow directly into the national budgets or substitute national budgetary expenditure, such as social benefits. Areas of strategic importance include (i) critical healthcare provision, manufacturing and stockpiling of pharmaceuticals, medical devices and medical supplies, strengthening of health crisis response capacity and of the civil protection system, (ii) critical infrastructure, whether physical or virtual; (iii) provision of goods and services instrumental to the operation and maintenance of such infrastructure, (iv) key enabling, transformative, green and digital technologies and game-changing innovations where the investment is strategically important for the Union’s industrial future, including artificial intelligence, blockchain, software, robotics, semiconductors, microprocessors, edge cloud technologies, high-performance computing, cybersecurity, quantum technologies, photonics, industrial biotechnology, renewable energy technologies, in particular to implement the offshore renewable energy strategy, energy storage technologies including batteries, sustainable transport technologies, clean hydrogen and fuel cell applications, decarbonisation technologies for industry, carbon capture and storage, circular economy technologies biomedicine, nanotechnologies, pharmaceuticals and advanced materials; (v) manufacturing facilities for mass production of Information Communication and Technology components and devices in the EU; (vi) supply and stockpiling of critical inputs to public actors, businesses or consumers in the Union; (vii) critical technologies and inputs for the security of the Union and its Member States, such as defence and space sectors and cybersecurity, and dual use items as defined in point 1 of Article 2 of Council Regulation (EC) No 428/2009. The final recipients should have their registered office in a Member State and they should be active in the Union in the sense that they have substantial activities in terms of staff, manufacturing, research and development or other business activities in the Union. The distribution of the financial envelope should in particular ensure support for the parallel climate and digital transitions. Projects which contribute to diversification of strategic supply chains in the Single Market through operations in multiple locations across the EU should be able to benefit.
Amendment 66 #
Proposal for a regulation
Recital 29
Recital 29
(29) The strategic European investment window should also target suppliers established and operating in the Union whose activities are of strategic importance to the Union and that would need long term investment or are covered by the Foreign Direct Investment Screening mechanism. In addition, important projects of common European interest should in particular be able to benefit from the strategic European investment window. However, financial support should not be provided when a project is not in line with the strategic and economic interests of the Union, for instance for projects that would increase dependency on vulnerable or undiversified supply chains.
Amendment 69 #
Proposal for a regulation
Recital 29 a (new)
Recital 29 a (new)
(29 a) The visibility of the Union funding from the InvestEU Fund, and in particular the strategic European investment window and its identified strategic priorities, should be ensured through effective communication, highlighting Union-funded actions and results in order to adequately promote the Union added value of the InvestEU Programme as part of the recovery.
Amendment 74 #
Proposal for a regulation
Recital 35
Recital 35
(35) The Commission should seek the views of other potential implementing partners along with the EIB Group on investment guidelines, the climate and biodiversity tracking systems, the sustainability proofing guidance documents and common methodologies, as appropriate, with a view to ensuring inclusiveness and operationality until the governance bodies have been set up, after which the involvement of implementing partners should take place within the framework of the Advisory Board and the Steering Board of the InvestEU Programme.
Amendment 81 #
Proposal for a regulation
Recital 53
Recital 53
(53) Where appropriate, the InvestEU Fund should allow for the smooth, seamless and efficient blending of grants, financial instruments or both, funded by the Union budget or by other funds, such as the EU emissions trading system (ETS) Innovation Fund with the EU guarantee in situations where this is necessary to best underpin investments to address particular market failures or sub-optimal investment situations, as is the case of biodiversity related or nature-based investments.
Amendment 84 #
Proposal for a regulation
Recital 59
Recital 59
(59) In the context of the InvestEU Fund, there is a need to provide support for project development and capacity building to develop the organisational capacities and market development activities needed to originate quality projects. Such support should also target financial intermediaries that are key to help small companies’ access financing and realise their full potential, and it should include technical assistance. Particular emphasis should be put on reducing the administrative burden, in particular for SMEs. Moreover, the aim of the advisory support is to create the conditions for the expansion of the potential number of eligible recipients in nascent market segments, in particular where the small size of individual projects considerably raises the transaction cost at the project level, such as for the social finance ecosystem, including philanthropic organisations, or for the cultural and creative sectors. The capacity- building support should be complementary and in addition to actions taken under other Union programmes that cover specific policy areas. An effort should also be made to support the capacity building of potential project promoters, in particular local organisations and authorities.
Amendment 86 #
Proposal for a regulation
Recital 61
Recital 61
(61) In accordance with Regulation [European Union Recovery Instrument] and within the limits of resources allocated therein, recovery and resilience measures under the InvestEU should be carried out to address the unprecedented impact of the Covid-19 crisis and, in line with the objectives of the strategic European investment window, support long-term growth, quality jobs and competitiveness. Such additional resources should be used in such a way as to ensure compliance with the time limits provided for in Regulation [EURI].
Amendment 89 #
Proposal for a regulation
Recital 70
Recital 70
(70) The InvestEU Programme should address Union-wide and Member State specific market failures and sub-optimal investment situations and should provide for Union-wide market testing of innovative financial products and systems to spread them, for addressing new or complex market failures, in particular natural capital market failures. Therefore, action at Union level is warranted,
Amendment 110 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – introductory part
Article 7 – paragraph 1 – point e – introductory part
(e) a strategic European investment policy window which comprises strategic investment to support final recipients that are established in aone or more Member States and that operate in the Union, and whose activities are of strategic importance to the Union, in particular in view of the green and digital transitions and of enhanced resilience, while enhancing the competitiveness of the Member States' economies, including the need to rebuild the Member States' productive capacity and promote entrepreneurship and job creation, in one of the following areas:
Amendment 115 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point i
Article 7 – paragraph 1 – point e – point i
i) critical healthcare provision, manufacturing and stockpiling of pharmaceuticals, medical deviceines, vaccines, active pharmaceutical ingredients, pharmaceutical raw materials, medical devices, diagnostic tools and medical supplies, strengthening of health crisis response capacity and of the civil protection system;
Amendment 118 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point ii
Article 7 – paragraph 1 – point e – point ii
ii) critical infrastructure, whether physical or virtual, including green infrastructure and elements identified as critical in the fields of renewable energy, transport, environment, ecosystem connectivity, urban microclimate, health, secure digital communication, 5G, internet of things, online service platforms, secure cloud computing, data processing or storage, payments and financial infrastructure, aerospace, defence, communications, media, education and training, electoral infrastructure and sensitive facilities, as well as land and real estate crucial for the use of such critical infrastructure;
Amendment 120 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point ii
Article 7 – paragraph 1 – point e – point ii
ii) critical infrastructure, whether physical or virtual, including infrastructure elements identified as critical in the fields of energy, transport, environment, water, health, secure digital communication, 5G, internet of things, online service platforms, secure cloud computing, data processing or storage, payments and financial infrastructure, aerospace, defence, communications, media, education and training, electoral infrastructure and sensitive facilities, as well as land and real estate crucial for the use of such critical infrastructure;
Amendment 122 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point iii
Article 7 – paragraph 1 – point e – point iii
iii) the provision of goods and services instrumental to the operation and maintenance of the critical infrastructure under point ii) including ecosystem services through conservation and restoration of terrestrial, freshwater and marine ecosystems;
Amendment 132 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point iv – point b
Article 7 – paragraph 1 – point e – point iv – point b
(b) renewable energy technologies, energy storage technologies including batteries, sustainable and low carbon transport technologies, clean hydrogen and fuel cell applications, decarbonisation technologies for industry, carbon capture and storage, circular economy technologies,
Amendment 133 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point iv – point b
Article 7 – paragraph 1 – point e – point iv – point b
(b) renewable energy technologies, energy storage technologies including batteries, sustainable transport technologies, clean hydrogen and fuel cell applications, decarbonisation technologies for industry, carbon capture and storage, circular economy technologie and buildings, including investments in energy savings,
Amendment 135 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point iv – point b a (new)
Article 7 – paragraph 1 – point e – point iv – point b a (new)
(b a) circular economy technologies, including innovative technologies to improve use of waste for material purposes to optimize bioeconomy and decrease pressure on biosphere and its carbon sequestration potential,
Amendment 136 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point iv – point b b (new)
Article 7 – paragraph 1 – point e – point iv – point b b (new)
Amendment 138 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point iv – point c
Article 7 – paragraph 1 – point e – point iv – point c
(c) biomedicine, nanotechnologies, biotechnologies, pharmaceuticals and advanced materials;
Amendment 140 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point vi
Article 7 – paragraph 1 – point e – point vi
vi) supply and stockpiling of critical inputs to public actors, businesses or consumers in the EU, including energy or raw materials or food security, having regard to resource efficiency and circularity in strategic value chains, environmental and human rights due diligence, circularity in strategic value chains and to new developments and revisions to right to repair legislation;
Amendment 144 #
Proposal for a regulation
Article 7 – paragraph 1 – point e – point vii – paragraph 1
Article 7 – paragraph 1 – point e – point vii – paragraph 1
In addition, in the case of investments in space, defence and cybersecurity, and in specific types of projects with actual and direct security implications in critical sectors, the final recipients shall not be controlled by a third country or third country entities and shall have their executive management in the Union with a view to protect the security of the Union and its Member States. Financial support shall not be provided when a project is not in line with the strategic and economic interests of the Union, for instance for projects that would increase dependency on vulnerable or undiversified supply chains.
Amendment 153 #
Proposal for a regulation
Article 7 – paragraph 4 – introductory part
Article 7 – paragraph 4 – introductory part
4. The Commission shall develop sustainability guidance that, in accordance with Union environmental and social objectives and standards, including Regulation (EU) 2020/852, allows to:
Amendment 171 #
Proposal for a regulation
Article 13 – paragraph 1 – point b
Article 13 – paragraph 1 – point b
(b) contribute to the UnionEuropean Green Deal policy objectives and fall within the scope of the areas eligible for financing and investment operations under the appropriate policy window in accordance with Annex II to this Regulation;
Amendment 179 #
Proposal for a regulation
Article 21 – paragraph 3 – point b
Article 21 – paragraph 3 – point b
(b) how the proposed operation contributes to EU policyuropean Green Deal objectives;
Amendment 180 #
Proposal for a regulation
Article 21 – paragraph 3 – point d
Article 21 – paragraph 3 – point d
(d) description of the market failure or sub-optimal investment situation;
Amendment 181 #
Proposal for a regulation
Article 21 – paragraph 3 – point d a (new)
Article 21 – paragraph 3 – point d a (new)
(d a) description of the sub-optimal investment situation;
Amendment 183 #
Proposal for a regulation
Article 21 – paragraph 3 – point f a (new)
Article 21 – paragraph 3 – point f a (new)
(f a) description of the addressing of the risks as listed in the Global Risk Report 2020 based on their likelihood and impact;
Amendment 195 #
Proposal for a regulation
Annex II – point 1 – introductory part
Annex II – point 1 – introductory part
1. The development of the energy sector in accordance with the Energy Union priorities, including security of energy supply, clean energy transition and the commitments taken under the 2030 Agenda for Sustainable Development and the Paris Agreement on Climate Change and at the same time compatible with the goals of the Biodiversity Strategy 2030, in particular through:
Amendment 196 #
Proposal for a regulation
Annex II – point 1 – point a
Annex II – point 1 – point a
(a) the expansion of the generation, supply or use of clean and sustainable renewable and safe and sustainable other zero and low-emission energy sources and solutions; in case of hydropower only retrofitting of existing operations with nature like fishways is eligible;
Amendment 199 #
Proposal for a regulation
Annex II – point 1 – point e
Annex II – point 1 – point e
(e) the production and supply of sustainable synthetic fuels from renewable/carbon-neutral sources and other safe and sustainable zero- and low- emission sources, biofuels, biomass and alternative fuels, including fuels for all modes of transport, in accordance with the objectives of Directive 2018/2001 of the European Parliament and of the Council56 ; and in line with the Biodiversity Strategy excluding use of whole trees and food and feed crops; _________________ 56Directive (EU) 2018/2001 of the European Parliament and of the Council of 11 December 2018 on the promotion of the use of energy from renewable sources (OJ L 328, 21.12.2018, p. 82).
Amendment 200 #
Proposal for a regulation
Annex II – point 1 – point f
Annex II – point 1 – point f
(f) infrastructure for carbon capture, and storage in industrial processes, bioenergy plants and manufacturing facilities towards the energy transition.
Amendment 201 #
Proposal for a regulation
Annex II – point 2 – introductory part
Annex II – point 2 – introductory part
2. The development of sustainable and safe transport infrastructures and mobility solutions, equipment and innovative technologies in accordance with Union transport priorities and the commitments taken under the Paris Agreement on Climate Change, and compatible with the Biodiversity Strategy goals by fitting or retrofitting the infrastructure with wildlife corridors and ensuring habitat connectivity where applicable, in particular through:
Amendment 202 #
Proposal for a regulation
Annex II – point 3 – point a
Annex II – point 3 – point a
(a) water, including drinking water supply and sanitation, and network efficiency, leakage reduction, infrastructure for the collection and treatment of waste water, coastal infrastructurerainwater harvesting systems and other water-related green infrastructure;
Amendment 203 #
Proposal for a regulation
Annex II – point 3 – point d
Annex II – point 3 – point d
(d) the enhancement and restoration of eco systems and their services including through improved scientifically-based management or through application of result-based schemes and related investments, or through the enhancement of nature and biodiversity by means of green and blue infrastructure projects;
Amendment 204 #
Proposal for a regulation
Annex II – point 3 – point d a (new)
Annex II – point 3 – point d a (new)
(d a) investments in restoration, improved resilience and use of agricultural areas, establishment, restoration and rejuvenation of agroforestry systems, or rewetting peatlands;
Amendment 205 #
Proposal for a regulation
Annex II – point 3 – point e
Annex II – point 3 – point e
(e) sustainable and climate- resilient urban, rural and coastal development;
Amendment 207 #
Proposal for a regulation
Annex II – point 3 – point g
Annex II – point 3 – point g
(g) projects and enterprises that implement the circular economy by integrating resource efficiency and cascading-use aspects in the production and product life-cycle, including the sustainable supply of primary and secondary rawby use of secondary raw materials and innovative use of waste materials;
Amendment 208 #
Proposal for a regulation
Annex II – point 3 – point i
Annex II – point 3 – point i
(i) the decarbonisation of the energy production and distribution chain by phasing out the use of coal, high CO2 emissions per unit of energy biomass fuel and oil; and
Amendment 213 #
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 addressing minimum 3 of the top 10 risks1a _________________ 1a Global Risk Report 2020
Amendment 214 #
Proposal for a regulation
Annex III – point 3 – point 3.2 b (new)
Annex III – point 3 – point 3.2 b (new)
3.2 b Investment supporting Biodiversity Strategy targets
Amendment 215 #
Proposal for a regulation
Annex III – point 3 – point 3.4
Annex III – point 3 – point 3.4
3.4. Investment supporting industrial transition and circularity
Amendment 216 #
Proposal for a regulation
Annex III – point 4 – point 4.1 a (new)
Annex III – point 4 – point 4.1 a (new)
4.1 a Energy: volume of investment in reduced environmental impact (e.g. retrofitting with nature-like fishways, restoration of seasgrass meadows destroyed by submarine electric cables)
Amendment 217 #
Proposal for a regulation
Annex III – point 4 – point 4.7 – indent 4 a (new)
Annex III – point 4 – point 4.7 – indent 4 a (new)
- Volume of investment in safe wildlife crossings and corridors
Amendment 218 #
Proposal for a regulation
Annex III – point 4 – point 4.7 – indent 4 b (new)
Annex III – point 4 – point 4.7 – indent 4 b (new)
- Number of projects consisting of wildlife crossings and corridors, and km2 of ecosystems positively affected
Amendment 219 #
Proposal for a regulation
Annex III – point 4 – point 4.8
Annex III – point 4 – point 4.8
4.8 Environment: Investment contributing to the implementation of plans and programmes required by the Union environmental acquis relating to air quality, water, waste and nature and implementing the EU Biodiversity Strategy
Amendment 220 #
Proposal for a regulation
Annex III – point 8 – point 8.1
Annex III – point 8 – point 8.1
8.1 Number and volume of operations contributing to the provision of critical infrastructure, broken down by physical infrastructure, including green infrastructure and green belts and the associated goods and services, where applicable
Amendment 222 #
Proposal for a regulation
Annex V – part 1 – paragraph 2 – point 1 – paragraph 1 – point a
Annex V – part 1 – paragraph 2 – point 1 – paragraph 1 – point a
(a) Have the nature of a public good for which the operator or company cannot capture sufficient financial benefits (such as education and skills, healthcare and accessibility,; non-excludable and non- rivalrous ecosystem services including e.g. biodiversity, groundwater replenishment and water quality, improved microclimate; security and defence, and infrastructure available at no or negligible cost).
Amendment 223 #
Proposal for a regulation
Annex V – part 1 – paragraph 2 – point 1 – paragraph 1 – point e
Annex V – part 1 – paragraph 2 – point 1 – paragraph 1 – point e
(e) Exposure to higher levels of risks in certain sectors, countries or regions beyond levels that private financial actors are able or willing to accept, including where the investment would not have been undertaken or would not have been undertaken to the same extent because of its novelty, e.g. nature-based-solution projects or because of risks associated with innovation or unproven technology.
Amendment 226 #
Proposal for a regulation
Annex V – part 2 – paragraph 1 – point 7
Annex V – part 2 – paragraph 1 – point 7
(7) Activities involving live animals for experimental and scientific purposes insofar as compliance with the European Convention for the Protection of Vertebrate Animals used for Experimental and other Scientific Purposes60 cannot be guaranteed, and for entertainment _________________ 60 OJ L 222, 24.8.1999, p. 31.
Amendment 228 #
Proposal for a regulation
Annex V – part 2 – paragraph 1 – point 11 a (new)
Annex V – part 2 – paragraph 1 – point 11 a (new)
(11 a) Operation, adaptation, conversion to or construction of biomass power plants fuelled by wood, feed or food material