Activities of Isabel CARVALHAIS related to 2020/0006(COD)
Plenary speeches (1)
Just Transition Fund (debate)
Opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council establishing the Just Transition Fund
Amendments (57)
Amendment 17 #
Proposal for a regulation
Recital 1
Recital 1
(1) The regulatory framework governing the Union’s cohesion policy for the period from 2021 to 2027, in the context of the next multi-annual financial framework, contributes to the fulfilment of the Union’s commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals by concentrating Union funding on green objectives as well as the European Pillar of Social Rights. This Regulation implements one of the priorities set out in the Communication on the European Green Deal (‘the European Green Deal’)11 and is part of the Sustainable Europe Investment Plan12 providing dedicated financing under the Just Transition Mechanism in the context of cohesion policy to address the economic and social costs of the transition to a climate-neutral and circular economy, where any remaining greenhouse gas emissions are compensated by equivalent absorptions. _________________ 11 COM(2019) 640 final, 11.12.2019. 12 COM(2020) 21, 14.1.2020.
Amendment 34 #
Proposal for a regulation
Recital 3
Recital 3
(3) In order to be successful, the transition has to be fair, inclusive and socially acceptable for all. Therefore, both the Union and the Member States must take into account its economic and social implications from the outset, and deploy all possible instruments to mitigate adverse consequences. The Union budget has an important role in that regard.
Amendment 46 #
Proposal for a regulation
Citation 1
Citation 1
Having regard to the Treaty on the Functioning of the European Union, and in particular the third paragraph of Article 175, 192 (1), 194 (1) and 194 (2) thereof,
Amendment 49 #
Proposal for a regulation
Recital 1
Recital 1
(1) The regulatory framework governing the Union’s cohesion policy for the period from 2021 to 2027, in the context of the next multi-annual financial framework, contributes to the fulfilment of the Union’s commitmentobligations to implement the Paris Agreement and commitments to the United Nations Sustainable Development Goals by concentrating Union funding on green objectives as well as the European Pillar of Social Rights. This Regulation implements one of the priorities set out in the Communication on the European Green Deal (‘the European Green Deal’) 11 and is part of the Sustainable Europe Investment Plan12 providing dedicated financing under the Just Transition Mechanism in the context of cohesion policy to address the economic and social costs of the transition to a climate-neutral and circular economy, where any remaining greenhouse gas emissions are compensated by equivalent absorptions. _________________ 11 COM(2019) 640 final, 11.12.2019. 12 COM(2020) 21, 14.1.2020.
Amendment 54 #
Proposal for a regulation
Recital 6 a (new)
Recital 6 a (new)
(6 a) The transition to a climate neutral and sustainable society is one of the most important common objectives of the Union, where the shared efforts by all are essential to its achievement. As such, access to the JTF should be conditional to the acceptance of a national objective of climate neutrality by 2050, as well as of the intermediate targets for 2030.
Amendment 81 #
Proposal for a regulation
Recital 3
Recital 3
(3) In order to be successful, the transition has to be fair, inclusive and socially acceptable for all. Therefore, both the Union and the Member States must take into account its economic and social implications from the outset, and deploy all possible instruments to mitigate adverse consequences. The Union budget has an important role in that regard to ensure that nobody is left behind.
Amendment 89 #
Proposal for a regulation
Recital 4
Recital 4
(4) As set out in the European Green Deal and the Sustainable Europe Investment Plan, a Just Transition Mechanism should complement the other actions under the next multi-annual financial framework for the period from 2021 to 2027. It should contribute to addressing the social and economic consequences of transitioning towards Union climate neutrality by bringing together the Union budget’s spending on climate and social objectives at regional level as well as its contribution to a robust and sustainable economy, green jobs and positive effects on public health.
Amendment 105 #
Proposal for a regulation
Recital 5
Recital 5
(5) This Regulation establishes the Just Transition Fund (‘JTF’) which is one of the pillars of the Just Transition Mechanism implemented under cohesion policy. The aim of the JTF is to mitigate the adverse effects of the climate transition by supporting the most affected territories and workers concerned. In line with the JTF specific objective, actions supported by the JTF should directly contribute to alleviate the impact of the transition by financing the diversification and modernisation of the local economy and by mitigating the negative repercussions on employment and standards of living. This is reflected in the JTF specific objective, which is established at the same level and listed together with the policy objectives set out in Article [4] of Regulation EU [new CPR].
Amendment 110 #
Proposal for a regulation
Recital 5 b (new)
Recital 5 b (new)
Amendment 112 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15 a) Member States should favour the adoption of bottom-up strategies in the preparation and implementation of the territorial just transition plans, ensuring the active participation of the relevant public authorities, economic and social partners from all sectors of activity, and other relevant civil society stakeholders, including from the agricultural sector. For an effective action at local level, the stakeholders at the level of the territories affected should, where feasible, be actively involved in the preparation of the territorial just transition plans.
Amendment 120 #
Proposal for a regulation
Recital 6
Recital 6
(6) In view of the importance of tackling climate change in line with the Union’s commitments to implement the Paris Agreement, the commitment regarding the United Nations Sustainable Development Goals and the increased ambition of the Union as proposed in the European Green Deal, the JTF should provide a key contribution to mainstream climate actions. Resources from the JTF own envelope are additional and come on top of the investments needed to achieve the overall target of 25% of the Union budget expenditure contributing to climate objectives. Resources transferred from the ERDF and ESF+ willcould contribute fully to the achievement of this target while new resources should be made available.
Amendment 130 #
Proposal for a regulation
Recital 7
Recital 7
(7) The resources from the JTF should complement the resources available under cohesion policy, so the JTF can operate as an additional tool to address social, economic and environmental consequences of the transition in the most affected territories, complementing and not harming the impact of other long- term EU policies. The establishment of the JTF should not lead to cuts in, or transfers from, the resources allocated to the other MFF funds.
Amendment 148 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point a
Article 4 – paragraph 2 – subparagraph 1 – point a
(a) productive investments in SMEs, including start-ups, leading to job creation, economic diversification and reconversion;
Amendment 175 #
Proposal for a regulation
Recital 10
Recital 10
(10) This Regulation identifies types of investments for which expenditure may be supported by the JTF. All supported activities should be pursued in full respect of the social, climate and environmental commitments and priorities of the Union. The list of investments should includprioritise those that support people, communities and local economies and are sustainable in the long- term, taking into account all the objectives of the European Green Deal and the European Pillar of Social Rights. The projects financed should contribute to a transition to a climate-neutral and circular economy. For declining sectors, such as energy production based on coal, lignite, peat, gas, oil and oil shale or extraction activities for these solid fossil fuels, support should be linked to the adoption of a clear binding date for the phasing out of the activity and the corresponding reduction in the employment level. As regards transforming sectors with high greenhouse gas emission levels, support should promote new activities through the deployment of new technologies, new processes or products, leading to significant emission reduction, in line with the EU 2030 climate objectives and EU climate neutrality by 205013 while maintaining and enhancing employment and avoiding environmental degradation. Particular attention should also be given to activities enhancing innovation and research in advanced and sustainable technologies, as well as in the fields of digitalisation and connectivity, provided that such measures enhance the creation of green and sustainable jobs, help mitigate the negative side effects of a transition towards, and contribute to, a climate- neutral and circular economy. _________________ 13 As set out in “A Clean Planet for all European strategic long-term vision for a prosperous, modern, competitive and climate neutral economy”, Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee, the Committee of the Regions and the European Investment Bank - COM(2018) 773 final.
Amendment 200 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) To promote the strengthening of social policies of the most affected regions, the JTF should also support the creation and improvement of social services of general interest, as well as provide for the fight against energy poverty of households, improving the climate-neutrality and energy efficiency performance of those regions as a whole.
Amendment 203 #
Proposal for a regulation
Recital 12
Recital 12
(12) In order to enhance the economic diversification of territories impacted by the transition, the JTF should provide support to productive investment in SMEs. Productive investment should be understood as investment in fixed capital or immaterial assets of enterprises in view of producing goods and services thereby contributing to gross-capital formation and employment. For enterprises other than SMEs, productive investments should only be supported if they are necessary for mitigating job losses resulting from the transition, by creating or protecting a significant number of jobs and they do not lead to or result from relocation. Investments in existing industrial facilities, including those covered by the Union Emissions Trading System, should be allowed if they contribute to the transition to a climate-neutral economy by 2050 and go substantially below the relevant benchmarks established for free allocation under Directive 2003/87/EC of the European Parliament and of the Council14 and if they result in the protection of a significant number of jobs. Any such investment should be justified accordingly in the relevant territorial just transition plan. In order to protect the integrity of the internal market and cohesion policy, support to undertakings should comply with Union State aid rules as set out in Articles 107 and 108 TFEU and, in particular, support to productive investments by enterprises other than SMEs should be limited to enterprises located in areas designated as assisted areas for the purposes of points (a) and (c) of Article 107(3) TFEU. _________________ 14Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (OJ L 275, 25.10.2003, p. 32).
Amendment 204 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point j a (new)
Article 4 – paragraph 2 – subparagraph 1 – point j a (new)
(j a) the creation and development of social services of general interest;
Amendment 208 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point k a (new)
Article 4 – paragraph 2 – subparagraph 1 – point k a (new)
(k a) capacity building to collect, harmonise and disseminate data on labour.
Amendment 248 #
Proposal for a regulation
Recital 14
Recital 14
(14) The JTF support should be conditional on the effective and measurable implementation of a transition process in a specific territory in order to achieve a climate-neutral economy. In that regard, Member States should prepare, in social dialogue and cooperation with the relevant stakeholders and in accordance with the partnership principle established by Article 6 of Regulation (EU) .../... [new CPR], and supported by the Commission, territorial just transition plans, detailing the transition process, consistently with their National Energy and Climate Plans. To this end, the Commission should set up a Just Transition Platform, which would build on the existing platform for coal regions in transition to enable bilateral and multilateral exchanges of experience on lessons learnt and best practices across all affected sectors.
Amendment 253 #
Proposal for a regulation
Article 7 – paragraph 2 – point a
Article 7 – paragraph 2 – point a
(a) a description of the transition process at national level towards a climate- neutral economy, including a timeline for key transition steps which are consistent with the latest version of the National Energy and Climate Plan (‘NECP’). The transition process at national level shall be aligned with the net zero emissions target for 2050 and intermediate targets for 2030;
Amendment 259 #
Proposal for a regulation
Article 7 – paragraph 2 – point c
Article 7 – paragraph 2 – point c
(c) an assessment of the transition challenges faced by the most negatively affected territories, including the social, economic, and environmental impact of the transition to a climate-neutral economy, identifying the potential number of affected jobs and job losses, the development needs and objectives, to be reached by 2030 linked to the transformation or closure of greenhouse gas-intensive activities in those territories and the challenges regarding energy poverty;
Amendment 269 #
(15) The territorial just transition plans should identify the territories most negatively affected, where JTF support should be concentrated and describe specific actions to be undertaken to reach a climate-neutral economy, notably as regards the conversion or closure of facilities involving fossil fuel production or other greenhouse gas intensive activities. Those territories should be precisely defined and correspond to NUTS level 3 regions or should be parts thereof. The plans should detail the challenges and need, needs and opportunities of those territories and identify the type of operations needed in a manner that ensures the coherent development of climate-resilient economic activities that are also consistent with the transition to climate-neutrality and the objectives of the Green Deal. Only investments in accordance with the transition plans should receive financial support from the JTF. The territorial just transition plans should be part of the programmes (supported by the ERDF, the ESF+, the Cohesion Fund or the JTF, as the case may be) which are approved by the Commission.
Amendment 272 #
Proposal for a regulation
Recital 15 a (new)
Recital 15 a (new)
(15a) The JTF should encompass bottom-up strategies in the preparation and implementation of the territorial just transition plans, ensuring the active participation of relevant public authorities, economic and social partners, including trade unions and other relevant civil society stakeholders.
Amendment 276 #
Proposal for a regulation
Recital 16
Recital 16
(16) In order to enhance the result orientation of the use of JTF resources, the Commission, in line with the principle of proportionality, should be able to apply financial corrections in case of serious underachievement of targets established for the JTF specific objective as well as for the targets established for the reduction of emissions with greenhouse effect.
Amendment 285 #
Proposal for a regulation
Recital 19
Recital 19
(19) The objectives of this Regulation, namely to support territories facing economic and social transformation in their transition to a climate-neutral economy, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are, on the one hand, the disparities between the levels of development of the various territories and the backwardness of the least favoured territories, as well as the limit on the financial resources of the Member States and territories and, on the other hand, the need for a coherent implementation framework covering several Union funds under shared management. The JTF should prioritise activities that ensure high social and environmental standards, in particular through compliance with collective agreements and the promotion of worker participation. Since those objectives can better be achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality, as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve those objectives,
Amendment 308 #
Proposal for a regulation
Article 2 – paragraph 1
Article 2 – paragraph 1
In accordance with the second subparagraph of Article [4(1)] of Regulation (EU) [new CPR], the JTF shall contribute to the single specific objective ‘enabling regions and people to address the social, economic and environmental impacts of the transition towards a climate- neutral economy’ in line with the goals of the Paris agreement.
Amendment 313 #
Proposal for a regulation
Article 3 – paragraph 1
Article 3 – paragraph 1
1. The JTF shall support the Investment for jobs and growth goal in all Member States by focusing on the social and economic impact of the transition in the most affected regions. Access to the JTF shall be conditional on the adoption of a national objective towards the achievement of the European Union objective of climate neutrality by 2050, as well as the intermediate targets for 2030.
Amendment 331 #
Proposal for a regulation
Article 3 – paragraph 2 – subparagraph 1
Article 3 – paragraph 2 – subparagraph 1
The resources for the JTF under the Investment for jobs and growth goal available for budgetary commitment for the period 2021-2027 shall be EUR 18.7.5 billion in 2018 prices, which may be increased, as the case may be, by additional resources allocated in the Union budget, and by other resources in accordance with the applicable basic act. The funding of the JTF shall not be to the detriment of resources allocated to the other MFF funds.
Amendment 373 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point a
Article 4 – paragraph 2 – subparagraph 1 – point a
(a) productive investments in SMEs, including start-ups, leading to job creation, economic diversification and reconversion;
Amendment 385 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point b
Article 4 – paragraph 2 – subparagraph 1 – point b
(b) investments in the creation of new firms, including through business incubators and consulting services, leading to job creation, economic diversification and reconversion;
Amendment 413 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point d
Article 4 – paragraph 2 – subparagraph 1 – point d
(d) investments in the deployment of technology and infrastructures for affordable clean energy, in greenhouse gas emission reduction, energy efficiency and renewable energy, when those investments lead to job creation or job maintenance;
Amendment 441 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point e a (new)
Article 4 – paragraph 2 – subparagraph 1 – point e a (new)
(ea) investments in social infrastructures, leading to job creation and economic diversification;
Amendment 452 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point f
Article 4 – paragraph 2 – subparagraph 1 – point f
(f) investments in regeneration and decontamination of sites, land restoration and repurposing projects, while ensuring full respect for the “polluter pays” principle;
Amendment 462 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point g a (new)
Article 4 – paragraph 2 – subparagraph 1 – point g a (new)
(ga) investments in projects to fight the energy poverty of households, and promote energy efficiency and a climate- neutral approach in the most affected regions;
Amendment 472 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point g b (new)
Article 4 – paragraph 2 – subparagraph 1 – point g b (new)
(gb) the creation and development of social services of general interest;
Amendment 494 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point h a (new)
Article 4 – paragraph 2 – subparagraph 1 – point h a (new)
(ha) income support for unemployed workers undergoing training;
Amendment 495 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point h b (new)
Article 4 – paragraph 2 – subparagraph 1 – point h b (new)
(hb) counselling and support services for workers, in change processes in the framework of social partner activities;
Amendment 501 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 1 – point i
Article 4 – paragraph 2 – subparagraph 1 – point i
(i) job-search assistance to jobseekers and active aging support;
Amendment 531 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 2
Article 4 – paragraph 2 – subparagraph 2
Additionally, the JTF may support, in areas designated as assisted areas in accordance with points (a) and (c) of Article 107(3) of the TFEU, productive investments in enterprises other than SMEs, provided that such investments have been approved as part of the territorial just transition plan based on the information required under point (h) of Article 7(2) and that they are necessary to create new jobs or maintain existing jobs. Such investments shall only be eligible where they are necessarycontribute for the implementation of the territorial just transition plan.
Amendment 539 #
Proposal for a regulation
Article 4 – paragraph 2 – subparagraph 3
Article 4 – paragraph 2 – subparagraph 3
Amendment 547 #
Proposal for a regulation
Article 5 – paragraph 1 – point a
Article 5 – paragraph 1 – point a
(a) the decommissioning or, the construction of nuclear power stations, or any other kind of investment in nuclear power stations, as well as the management or storage of nuclear waste;
Amendment 562 #
Proposal for a regulation
Article 5 – paragraph 1 – point c
Article 5 – paragraph 1 – point c
(c) undertakings in difficulty, as defined in Article 2(18) of Commission Regulation (EU) No 651/201416 , except in cases where the difficulties derive from the COVID-19 crisis or from the energy transition process; _________________ 16Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty (OJ L 187, 26.6.2014, p. 1).
Amendment 579 #
Proposal for a regulation
Article 5 – paragraph 1 – point d
Article 5 – paragraph 1 – point d
(d) investment related to the production, processing, distribution, transport, storage or combustion of fossil fuels;
Amendment 613 #
Proposal for a regulation
Article 6 – paragraph 1 – subparagraph 2
Article 6 – paragraph 1 – subparagraph 2
The Commission shall only approve a programme where the identification of the territories most negatively affected by the transition process, contained within the relevant territorial just transition plan, is duly justified and the relevant territorial just transition plan is consistent with the National Energy and Climate Plan of the Member State concerned, the climate neutrality objective for 2050, the intermediate targets for 2030 and the European Pillar of Social Rights.
Amendment 638 #
Proposal for a regulation
Article 6 – paragraph 2
Article 6 – paragraph 2
2. The JTF priority or priorities shall comprise the JTF resources consisting of all or part of the JTF allocation for the Member States and the resources that the Member States may decide to transferred in accordance with Article [21a] of Regulation (EU) [new CPR]. The totalamount of the ERDF and ESF+ resources to be transferred to the JTF priority shall be at least equal tonot exceed one and a half times the amount of support from the JTF to that priority but shall not exceed three times that amount.
Amendment 651 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. Member States shall prepare, together with the relevant authorities of the territories concerned as well as local actors, one or more territorial just transition plans covering one or more affected territories corresponding to level 3 of the common classification of territorial units for statistics (‘NUTS level 3 regions’) as established by Regulation (EC) No 1059/2003 of the European Parliament and of the Council as amended by Commission Regulation (EC) No 868/201417 or parts thereof, in accordance with the template set out in Annex II. Those territories shall be those most negatively affected based on the economic and social impacts resulting from the transition, in particular with regard to expected job losses in fossil fuel production and use and the transformation needs of the production processes of industrial facilities with the highest greenhouse gas intensity. _________________ 17 Regulation (EC) No 1059/2003 of the European Parliament and of the Council of 26 May 2003 on the establishment of a common classification of territorial units for statistics (NUTS) (OJ L 154 21.6.2003, p. 1)The territorial just transition plan must be aligned with the climate neutrality objective for 2050 and with the intermediate targets for 2030, and include a concrete phase-out plan for coal and other greenhouse gas- intensive activities.
Amendment 685 #
Proposal for a regulation
Article 7 – paragraph 2 – point a
Article 7 – paragraph 2 – point a
(a) a description of the transition process at national level towards a climate- neutral economy by 2050, including a timeline for key transition steps, which are consistent with the latest version of the National Energy and Climate Plan (‘NECP’);
Amendment 704 #
Proposal for a regulation
Article 7 – paragraph 2 – point c
Article 7 – paragraph 2 – point c
(c) an assessment of the transition challenges faced by the most negatively affected territories, including the social, economic, and environmental impact of the transition to a climate-neutral economy, identifying the potential number of affected jobs and job losses, the development needs and objectives, to be reached by 2030 linked to the transformation or closure of greenhouse gas-intensive activities in those territories, and the challenges regarding energy poverty;
Amendment 712 #
Proposal for a regulation
Article 7 – paragraph 2 – point d a (new)
Article 7 – paragraph 2 – point d a (new)
(d a) a clear target concerning the expected reduction in greenhouse gas emissions, de-carbonisation, improvement in energy efficiency or increase in renewable energy for the relevant region;
Amendment 727 #
Proposal for a regulation
Article 7 – paragraph 2 – point h
Article 7 – paragraph 2 – point h
(h) where support is provided to productive investments to enterprises other than SMEs, an exhaustive list of such operations and enterprises and a justification of the necessity of such support through a gap analysis demonstrating that the expected job losses would exceed the expected number of jobs created in the absence of the investment; the list of operations and enterprises to be supported can be updated in the context of the mid-term review;
Amendment 733 #
Proposal for a regulation
Article 7 – paragraph 2 – point i
Article 7 – paragraph 2 – point i
Amendment 740 #
Proposal for a regulation
Article 7 – paragraph 2 – point j
Article 7 – paragraph 2 – point j
(j) synergies and complementarities with other Union programmes and pillars of the Just Transition Mechanism and with the funding opportunities under Invest EU and the Modernisation Fund to address identified development needs.
Amendment 773 #
Proposal for a regulation
Article 8 – paragraph 2
Article 8 – paragraph 2
2. For output indicators, baselines shall be set at zero. The milestones set for 2024 and targets set for 2029 shall be cumulative. Targets shall notOnly under exceptional and justifiable circumstances can targets be revised after the request for programme amendment submitted pursuant to Article [14(2)] of Regulation (EU) [new CPR] has been approved by the Commission.
Amendment 792 #
Proposal for a regulation
Article 9 – paragraph 1
Article 9 – paragraph 1
Where the Commission concludes, based on the examination of the final performance report of the programme, that there is a failure to achieve at least 65% of the target established for one or more output or result indicators for the JTF resources, including indicators relative to the reduction of greenhouse gas emissions towards the net zero emissions target for 2050 and the intermediate targets for 2030, it may make financial corrections pursuant to Article [98] of Regulation (EU) [new CPR] by reducing the support from the JTF to the priority concerned in proportion to the achievements.
Amendment 798 #
Proposal for a regulation
Article 9 – paragraph 1 a (new)
Article 9 – paragraph 1 a (new)
Amendment 850 #
Proposal for a regulation
Annex I – paragraph 1 – point b
Annex I – paragraph 1 – point b
(b) the allocations resulting from the application of point (a) are adjusted to ensure that no Member State receives an amount exceeding EUR 2 billion. The amounts exceeding EUR 2 billion20% of the principal amount indicated in Article 3 (2). The amounts exceeding 20% of the principal amount indicated in Article 3 (2) per Member State are redistributed proportionally to the allocations of all other Member States. The Member States shares are recalculated accordingly;
Amendment 859 #
Proposal for a regulation
Annex I – paragraph 1 – point c – introductory part
Annex I – paragraph 1 – point c – introductory part
(c) the Member State shares resulting from the application of point (b) are adjusted negatively or positively by a coefficient of 1.75 times of the difference by which that Member State's GNI per capita (measured in purchasing power parities) for the period 2015-2017 exceeds or falls below the average GNI per capita of the EU-27 Member States (average expressed as 100%);