Proposal for a decision
Annex a (new)
Annex a COHERENCE AND TRANSPARENCY PART A) Consultation, Transparency, and Public Access to Information The Commission undertakes to share information with the European Parliament on the implementation of the OECD Arrangement on Officially Supported Export Credits. It shall therefore provide an annual report on all official support provided by or on behalf of a government for the export of goods and/or services within the scope of the Arrangement. The report shall provide the following information on each individual transaction: -Name of export credit agency -Date of transaction -Country -Debtor -Exporter/Investor -Guarantor -Financier -Type of official support (classification as used in the OECD Arrangement) -Type of transaction Additional information shall be provided on the coherence with EU policies on development cooperation. The European Union provides a strong legal basis for development cooperation in the Treaty on the Functioning of the European Union. In accordance with Article 208(1) TFEU, the Union “shall take account of the objectives of development cooperation in the policies that it implements which are likely to affect developing countries.” The Union and the Member States, as laid down in Article 208(2) TFEU, “shall comply with the commitments and take account of the objectives they have approved in the context of the United Nations and other competent international organisations.” Additional information on each individual transaction shall include: • In the case of unproductive expenditure in HIPCs (generally refers to transactions that are not consistent with these countries' poverty reduction and debt sustainability strategies and do not contribute to their social and/or economic development): arguments that the official export credit does not contribute to the country's overall debt burden; • In the case of tied aid credits: form of tied aid (classification as used in the OECD Arrangement) and overall concessionality level of the tied aid; •Information on the client's compliance with the national human rights and environmental legislation of the host country. This will include a statement from the client that it will respect the national human rights and environmental legislation of the host country; •Information on the client's compliance with the international environmental and human rights commitments of the host country. This will include a statement from the client that it will respect the international human rights and environmental commitments of the host country; •Information on compliance with international and the home country's criminal law. This will include a statement from the client that it will respect international and the home country's criminal law; •Identification of no clause in the client's agreement/ contract which gives legal immunity for violations of the law in the host or home country; •In the case of dam projects: compliance with the Guidelines of the World Commission on Dams; •In the case of extractive Industries projects: compliance with the World Bank's extractive Industries Review's recommendations. ECAs shall make project assessment information readily available to affected communities, NGOs and other interested parties in advance of an application being approved. This information shall include the sustainable development impact assessment for all projects, and the names of the companies involved. PART B) Climate change ECA's will contribute to the EU's commitment and obligations under the UN Framework Convention on Climate Change (UNFCCC), in line with Article 208 TFEU. The integration of European climate policies in its operations where applicable, may include: • Annual detailed reporting regarding the full carbon footprint of ECA supported projects, or the localised and regional effects of individual projects; • An analysis of the carbon footprint to be included in the environmental assessment procedure to determine whether project proposals maximise energy-efficiency improvements; • The introduction of an exclusion list of types of projects/technologies they will not support, including the phasing out of financial transactions for fossil fuel projects; • The definition of clear CO2 emission reduction targets for both the long term and the short term and an annual emissions cap; • The definition of appraisal procedures to take account of the needs of developing countries in relation to climate change and development, as identified in UNFCCC National Adaptation Programmes of Action (NAPAs), and EU Regional and Country Strategy Papers (RSPs/CSPs); • The definition of objectives on renewable energy, in line with the regional/country strategy plans.