[ParlTrack]

Proposal for a decision
Recital 13

(13) Following the Paris Agreement adopted under the United Nations Framework Convention on Climate Change4 , the EIB should aim to ~~sustain~~increase the current ~~high~~ level of climate relevant spending under the ELM, contributing to increasing its climate-related investment in developing countries from 25 % to 35 % by 2020, in accordance with the commitment taken as part of its climate strategy. _________________ 4 Council Decision (EU) 2016/590 of 11 April 2016 on the conclusion, on behalf of the European Union, of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (OJ L 103, 19.4.2016, p. 1).

2017/02/21
Committee: AFET

Heidi HAUTALA

Draft legislative resolution
Paragraph 2 a (new)

2a. As regards the internal organisation of the European Parliament, and in light of the EIB’s growing tasks and responsibilities, urges the Conference of Presidents of Parliament to make a proposal for a single committee or sub- committee approach, with view to ensuring EIB’s permanently high level of accountability towards the Parliament and civil society

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Recital 1

(1) The international community faces an unprecedented refugee crisis which requires solidarity, efficient mobilisation of financial resources and the need to confront and surmount the existing challenges in a concerted manner. All actors need to work together to apply sustained, medium and long-term policies and an efficient use of existing processes and programmes in order to support initiatives which contribute to addressing root causes of migration.deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Recital 9

(9) In order to allow the ELM to respond to potential upcoming challenges and Union priorities~~, as well as to provide a strategic response addressing root causes of migration,~~ the maximum ceiling for the EIB financing operations under the EU guarantee should be increased to EUR 32 300 000 000 by releasing the optional additional amount of EUR 3 000 000 000. ~~Under the general mandate, the amount of EUR 1 400 000 000 should be earmarked for projects in the public sector directed to refugees and host communities in crisis affected areas.~~

2017/03/07
Committee: BUDG

Heidi HAUTALA, Tamás MESZERICS

Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c

Decision 466/2014/EU
Article 3 – paragraph 7 – subparagraph 1

EIB financing operations supporting the general objectives set out in point (c) of paragraph 1 shall back investment projects in climate change mitigation and adaptation that contribute to the overall objectives of the United Nations Framework Convention on Climate Change and of the Paris Agreement adopted under that Convention, in particular by avoiding or reducing greenhouse gas emissions and reducing the carbon footprint in the areas of renewable energy, energy efficiency and sustainable transport, or by increasing resilience to the adverse impacts of climate change on vulnerable countries, sectors and communities.

2017/02/21
Committee: AFET

Heidi HAUTALA

Proposal for a decision
Recital 10

(10) Under the new private sector lending mandate, the maximum amount of EUR 2 300 000 000 should be dedicated to projects addressing root causes of migration within the maximum increased ceiling and should benefit from the Comprehensive Guarantee by the Union.Deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Recital 11

~~(11) Addressing root causes of migration should be added as a new objective of the mandate.~~Deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Recital 12

(12) Complementarity and coordination with Union initiatives addressing root causes of migration should be ensured, including with Union support for the sustainable reintegration of returned migrants in the countries of origindeleted.

2017/03/07
Committee: BUDG

Heidi HAUTALA, Tamás MESZERICS

Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a a (new)

Decision No 466/2014/EU
Article 11 – paragraph 1– point c

(a a) Article 11(1)(c) is amended as follows: "an assessment of the contribution of EIB financing operations to the fulfilment of Union external policy and strategic objectives, taking into account the regional technical operational guidelines referred to in Article 5;~~" content/EN/TXT/HTML/?uri=CELEX:32014D0466&qid=1487606632536&from=EN)~~ The Commission, in cooperation with the EEAS, shall establish a framework and methodology for annual reporting by the EIB on its operations covered by the Community Guarantee and their compliance with the general principles guiding Union external action as referred to in Article 21 TEU. The key objective of the reporting is to monitor the compliance of the EIB with its Treaty obligations and with Article 21 TEU in particular, including the respect and promotion of human rights, the eradication of poverty, and the management of environmental risks; The methodology shall be developed by the Commission and the EEAS during the first year following the entry into force of this Decision and shall build upon the reporting on human rights compliance by the EIB, as requested by the EU Strategic Framework and Action Plan on Human Rights and Democracy; Based on the annual reporting from the EIB, the Commission shall produce each year for the European Parliament its own evaluation of the information provided by the EIB and suggest possible changes to the policies and procedures followed by the EIB for adoption by the Member States after taking into account the opinion of the European Parliament on such changes. Any future recommendations made by the Commission and the European Parliament on how to improve EIB reporting to that end shall be reflected during the updating of the Regional Technical Operational Guidelines for EIB financing operations;" Or. en (http://eur-lex.europa.eu/legal-

2017/02/21
Committee: AFET

Heidi HAUTALA

Proposal for a decision
Recital 13

(13) Following the Paris Agreement adopted under the United Nations Framework Convention on Climate Change4 , the EIB should aim to ~~sustain~~increase the current high level of climate relevant spending under the ELM, contributing to increasing its climate-related investment in developing countries from 25 % to 3540 % by 2020. _________________ 4 Council Decision (EU) 2016/590 of 11 April 2016 on the conclusion, on behalf of the European Union, of the Paris Agreement adopted under the United Nations Framework Convention on Climate Change (OJ L 103, 19.4.2016, p. 1).

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Recital 15

(15) The EIB should develop and implement a set of indicators in its Results Measurement framework for projects in the public sector and in the private sector directed to refugees and host communities. Therefore, an assessment of the contribution of EIB financing operations addressing root causes of migration should be included in the Commission’s annual reporting to the European Parliament and to the Council on EIB financing operations.deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Recital 16

(16) Only where it concerns the need to address urgencies and crisis situations that could arise within the mandate period and which are recognised as Union external policy priorities, the ceiling for reallocation between the regions by the EIB in the course of the mandate should be increased from 10 % to 20 %. The private sector mandate of EUR 2 300 000 000 and the amount of EUR 1 400 000 000 dedicated to public sector projects cannot be reallocated because its purpose is to address root causes of migration.

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 1

Decision No 466/2014/EU
Article 2 – paragraph 1 – subparagraph 2 – point b

~~(b) a maximum amount of EUR 2 300 000 000 under a private sector lending mandate for projects addressing root causes of migration.~~deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

~~(d) strategic response to addressing root causes of migration.;~~deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 2 – point b a (new)

Decision No 466/2014/EU
Article 3 paragraph 6

(ba) paragraph 6 is replaced by the following: EIB financing operations supporting the general objective set out in point (b) of paragraph 1 shall support investment projects predominantly in the areas of transport, energy, environmental infrastructure, information and communication technology, health and education. This includes production and integration of energy from renewable sources, energy efficiency measures, energy systems transformation enabling a switch to lower carbon intensive technologies and fuels, sustainable energy security and energy infrastructure, as well as electrification of rural areas, environmental infrastructure such as water and sanitation and green infrastructure, telecommunications and broadband network infrastructure

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 2 – point c

Decision No 466/2014/EU
Article 3 – paragraph 7 – subparagraph 3

Over the period covered by this decision, the EIB sh~~ould endeavour to sustain~~all increase the current ~~high~~ level of climate-relevant operations, while the minimum volume of those operations shall represent at least 2540 % of the total EIB financing operations.

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 2 a (new)

Decision No 466/2014/EU
Article 5 – paragraph 1

(2a) in Article 5, paragraph 1 is replaced by the following: 1. The Commission shall update, together with the EIB, the existing regional technical operational guidelines for EIB financing operations within one year of the entry into force of this Decision. The regional technical operational guidelines shall be consistent with the wider Union regional policy framework set out in Annex IV. In particular, the regional technical operational guidelines shall ensure that EIB financing under this Decision is complementary to corresponding Union assistance policies, programmes and instruments in the different regions. In updating the regional technical operational guidelines, the Commission and the EIB shall take into account relevant European Parliament resolutions and Council decisions and conclusions. The regional technical operational guidelines shall be consistent with the priorities contained in the national or regional programmes, where available, drawn up by the beneficiary countries, taking due account of any public consultation with local civil society in the process of drawing up those programmes. The Commission and the EIB shall ensure that local civil society is sufficiently well informed about planned and ongoing operations. The Commission shall transmit to the European Parliament and to the Council the updated regional technical operational guidelines, as soon as they are established. Within the framework set out by the regional technical operational guidelines, the EIB shall define corresponding financing strategies and ensure their implementation. EIB financing operations shall be consistent with the regional technical operational guidelines and the strategies of the beneficiary country. The regional technical operational guidelines shall be reviewed following the mid-term review referred to in Article 19. EIB financing operations shall be consistent with the Commission Communication entitled ‘A renewed EU strategy 2011-14 for Corporate Social Responsibility’, including with regard to financial intermediaries.

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 2 b (new) Decision No 466/2014/EU

(2b) in Article 5(2) the following second subparagraph is added: “As a general rule, the EU guarantee shall not cover financing and investment operations which: (a) are linked to the military or security sector, (b) support the development of nuclear energy, (c) further fossil fuel and carbon lock-in, (d) have significant environmental external costs, (e) are linked to mega-dams, (f) are in sectors or projects that have risks of undermining the human rights in partner countries such as the forced displacement of populations. A publicly available ex ante human rights and environmental impact assessment shall be carried out to identify any such risks.”

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a

Decision No 466/2014/EU
article 11 paragraph 1 b)

~~(b) Indicators for projects providing strategic response addressing root causes of migration shall be developed by the EIB;;~~deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 5 – point a a (new)

Decision No 466/2014/EU
Article 11 – paragraph 1 – point c

(aa) in Article 11(1), point (c) is replaced by the following: “(c) an assessment of the contribution of EIB financing operations to the fulfilment of Union external policy and strategic objectives. The Commission, in cooperation with the European External Action Service (EEAS), shall establish a framework and methodology for annual reporting by the EIB on its operations covered by the Community Guarantee and their compliance with the general principles guiding Union external action as referred in Article 21 TEU. The key objective of this reporting shall be to monitor the compliance of the EIB financing operations with Treaty obligations, and in particular the provisions of Article 21 TEU, including respect and promotion of human rights, eradication of poverty, and the management of environmental risks. The methodology for annual reporting shall be developed by the Commission and the EEAS by ... [please insert the date 12 months after the entry into force of this revised Decision], and will build on reporting on human rights compliance by the EIB, as required by the EU Strategic Framework and Action Plan on Human Rights and Democracy. On the basis of the annual reporting from the EIB, the Commission shall annually submit to the European Parliament its own evaluation of the information provided by the EIB and, after taking into account the opinion of the European Parliament, propose possible changes in the policies and procedures followed by the EIB for adoption by the Member States . Recommendations by the European Commission and the European Parliament on how to improve EIB reporting to this end shall be reflected during the updating of the Regional Technical Operational Guidelines.”

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 5 – point b

Decision No 466/2014/EU
Article 11 – paragraph 1 – point (j)

~~(j) An assessment of the contribution of EIB financing operations in providing strategic response addressing root causes of migration. ;~~deleted

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 5 b (new)

Decision No 466/2014/EU
article 12

(5b) Article 12 is replaced by the following Transparency and public disclosure of information 1. In accordance with its own transparency policy and Union principles on access to documents and information, and progressively with International Aid Transparency Initiative standards, the EIB shall make publicly available on its website information relating to: (a) all EIB financing operations carried out under this Decision, after the project approval stage, in particular indicating whether an investment project is covered by the EU guarantee and how it contributes to the goals of the Union external action, noting in particular its economic, social, and environmental and climate impact; (b) unless confidentiality requirements apply, any memoranda of understanding between the EIB and other European or international financial institutions having a bearing on EIB financing operations under this Decision; (c) where possible and appropriate, existing framework agreements between the EIB and a recipient country. When signing new agreements or amending existing ones, the EIB shall ensure their disclosure; (d) the EIB’s allocation policy 2.The Commission shall make publicly available on its website specific information relating to all cases of recoveries under the guarantee agreement referred to in Article 14, and the agreement laying down the detailed provisions and procedures relating to recovery of claims referred to in Article 15(2), unless confidentiality requirements apply.

2017/03/07
Committee: BUDG

Heidi HAUTALA

Proposal for a decision
Article 1 – paragraph 1 – point 5 a (new)

Decision No 466/2014/EU
Article 13

(5a) Article 13 is replaced by the following: In its financing operations, the EIB shall not tolerate any activities carried out for illegal purposes, including money laundering, financing of terrorism, tax fraud and tax evasion, corruption, and fraud affecting the financial interests of the Union. In particular the EIB shall not participate in any financing operation implemented in an eligible country through a vehicle located in a non- cooperative jurisdiction, characterised in particular by no, or only nominal, or low taxes, a lack of effective automatic exchange of information in tax matters, a lack of transparency in legislative, judicial or administrative provisions and providing harmful tax measures as defined by the Union’s Code of Conduct on Business taxation or, identified by the Organisation for Economic Cooperation and Development as being a non- cooperative jurisdiction or, identified as high risk countries pursuant to the second paragraph of Article 9 of Directive (EU) 2015/849 of the European Parliament and the Council1a or, included in the common Union list of non-cooperative tax jurisdictions. _________________ 1aDirective (EU) 2015/849 of the European Parliament and the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC (OJ L 141, 5.6.2015, p. 73)

2017/03/07
Committee: BUDG

Activities of Heidi HAUTALA related to 2016/0275(COD)

Legal basis opinions (0)

Amendments (23)

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