24 Amendments of Esther DE LANGE related to 2018/0229(COD)
Amendment 190 #
Proposal for a regulation
Recital 9
Recital 9
(9) Reflecting the importance of tackling climate change in line with the Union's commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals, 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 305 % 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 196 #
Proposal for a regulation
Recital 11
Recital 11
(11) According to the 2018 Global Risks Report issued by the World Economic Forum, half of the ten most critical risks threatening the global economy relate to the environment. Such risks include air, soil and water pollution, extreme weather events, biodiversity losses and failures of climate-change mitigation and adaptation. 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 the InvestEU Fund related operations. Environmental protection and related risk prevention and management, including the preparation for natural disasters if in line with the investment criteria established in this Regulation, including the additionality requirement, should be integrated in the preparation and implementation of investments. The EU should also track its biodiversity-related and air pollution control-related expenditure in order to fulfil the reporting obligations under the Convention on Biological Diversity and Directive (EU) 2016/2284 of the European Parliament and of the Council15 Investment allocated to environmentally sustainability objectives should therefore be tracked using common methodologies coherent with that developed under other Union programmes applying to climate, biodiversity and air pollution management in order to allow assessing the individual and combined impact of investments on the key components of the natural capital, including air, water, land and biodiversity. _________________ 15 Directive (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 248 #
Proposal for a regulation
Recital 23 a (new)
Recital 23 a (new)
(23a) Member States should contribute to the Member State compartment in the form of guarantees or cash. Without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact (SGP), contributions by Member States in the form of guarantees or cash into the Member State compartment, or contributions either by a Member State or by national promotional banks classified in the general government sector or acting on behalf of a Member State into investment platforms, should not qualify as one-off measures within the meaning of Article 5 of Council Regulation (EC) No 1466/97 and Article 3 of Council Regulation (EC) No 1467/97.
Amendment 266 #
Proposal for a regulation
Recital 26
Recital 26
Amendment 270 #
Proposal for a regulation
Recital 26 a (new)
Recital 26 a (new)
Amendment 274 #
Proposal for a regulation
Recital 27
Recital 27
Amendment 295 #
(30) In order to ensure that interventions under the EU compartment of the InvestEU Fund focus on market failures and sub- optimal investment situations at Union level, but, at the same time, satisfy the objectives of best possible geographic outreach, the EU guarantee should be allocated to implementing partners, which alone or together with other implementing partners, can cover at least three Member States. However, iat is expected that around 75 %least EUR 30 000 000 000 of the EU guarantee under the EU compartment would be allocated to implementing partner or partners that can offer financial products under the InvestEU Fund in all Member Statesthe European Investment Bank.
Amendment 353 #
Proposal for a regulation
Article 2 – paragraph 1 – point 17 a (new)
Article 2 – paragraph 1 – point 17 a (new)
(17a) 'additionality' means additionality in investment decisions as defined in Article 8a.
Amendment 383 #
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
The EU guarantee for the purposes of the EU compartment referred to in point (a) of Article 8(1) shall be EUR 38 000 000 000 (current prices). It shall be provisioned at the rate of 40 %, of which at least EUR 30 000 000 000 shall be allocated to the EIB Group. It shall be provisioned at the rate of 40 %. The EIB shall: – as an implementing partner grant access to its allocation of the EU Guarantee for the national and regional promotional banks; – establish a structural dialogue with national and regional promotional banks for the development and implementation of financial instruments and projects; – report annually to the European Parliament on the functioning of the guarantee, and its cooperation with national and regional actors. The Commission shall assess the share given to the EIB group at a midterm review no later than December 2024 and propose a change of up to 10%, if necessary.
Amendment 406 #
Proposal for a regulation
Article 7 – paragraph 1 – point a
Article 7 – paragraph 1 – point a
(a) sustainable infrastructure policy window: comprises sustainable investment in the areas of transport, energy, digital connectivity, supply and processing of raw materials, space, oceans and water, waste, nature and other environment infrastructure, equipment, mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the Union, or to both, or meet the environmental or social sustainability standards of the Union; at least 35 % of the investment under InvestEU shall contribute to meeting Union climate objectives.
Amendment 470 #
Proposal for a regulation
Article 8 a (new)
Article 8 a (new)
Article 8a Additionality 1. For the purposes of this Regulation, ‘additionality’ means the support by the InvestEU Fund of operations which address market failures or sub-optimal investment situations, including long-term return on investments or higher risk financing needs for projects delivering long term environmental and societal benefits, and which could not have been carried out during the period in which the EU guarantee can be used, or not to the same extent, by implementing partners without InvestEU Fund support. Projects supported by the InvestEU Fund shall support the objectives laid down in Article 3. 2. Without prejudice to the requirement to meet the definition of additionality as set out in the first subparagraph, the following elements are strong indications of additionality: – projects proposed that carry a risk corresponding to EIB special activities, as defined in Article 16 of the EIB Statute, or an equivalent level of risk, especially if such projects present country-, sector- or region-specific risks, in particular those experienced in less developed regions and transition regions and/or if such projects present risks associated with innovation, in particular in growth-, sustainability- and productivity-enhancing unproven technologies; – projects proposed by implementing partners considered by the Investment Committee to carry a level of risk equivalent to that described in the first indent of this subparagraph.
Amendment 496 #
Proposal for a regulation
Article 9 – paragraph 5 a (new)
Article 9 – paragraph 5 a (new)
5a. Without prejudice to the prerogatives of the Council in the implementation of the Stability and Growth Pact (SGP), contributions by Member States in the form of guarantees or cash into the Member State compartment, or contribution either by a Member State or by national promotional banks classified in the general government sector or acting on behalf of a Member State into investment platforms, shall not qualify as one-off measures, within the meaning of Article 5 of Council Regulation (EC) No 1466/97 and Article 3 of Council Regulation (EC) No 1467/97.
Amendment 509 #
1a. The EU guarantee under the EU compartment shall be allocated to implementing partners. At least EUR 30 000 000 000 of the EU guarantee under the EU compartment shall be allocated to the EIB Group. Amounts exceeding EUR 30 000 000 000 of the EU guarantee may be made available to the EIB Group in the event that national promotional banks or institutions cannot fully use the remaining share of the guarantee. National promotional banks or institutions may fully benefit from the EU guarantee also in case they decide to access to it through the EIB or the European Investment Fund.
Amendment 550 #
Proposal for a regulation
Article 12 – paragraph 2 – point f a (new)
Article 12 – paragraph 2 – point f a (new)
(fa) achieves additionality as laid out in Article 8a.
Amendment 576 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. The CommissionSteering Committee shall be advised by an advisory board which shall have two configurations, namely representatives of implementing partners and representatives of Member States.
Amendment 586 #
Proposal for a regulation
Article 17 – paragraph 5 – point a – point ii
Article 17 – paragraph 5 – point a – point ii
(ii) provide advice to the CommissionSteering Committee about market failures and sub- optimal investment situations and market conditions;
Amendment 592 #
Proposal for a regulation
Article 17 a (new)
Article 17 a (new)
Amendment 604 #
Proposal for a regulation
Article 18
Article 18
Amendment 639 #
Proposal for a regulation
Article 19 – paragraph 1 – introductory part
Article 19 – paragraph 1 – introductory part
1. An independent Investment Committee shall be established. It shall
Amendment 657 #
Proposal for a regulation
Article 19 – paragraph 3 – subparagraph 2
Article 19 – paragraph 3 – subparagraph 2
CVs and declarations of interest of each member of the Investment Committee shall be made public and constantly updated. Each member of the Investment Committee shall communicate without delay to the Commission and the Steering Committee all information needed to check on an ongoing basis the absence of any conflict of interest.
Amendment 731 #
Proposal for a regulation
Article 23 – paragraph 2
Article 23 – paragraph 2
2. By 30 September 20254, the Commission shall carry out an interim evaluation on the InvestEU Programme, in particular on the use of the EU guarantee.
Amendment 736 #
Proposal for a regulation
Article 23 – paragraph 3
Article 23 – paragraph 3
3. At the end of the implementation of the InvestEU Programme, but no later than fourtwo years after the end of the period specified in Article 1, the Commission shall carry out a final evaluation of the InvestEU Programme, in particular on the use of the EU guarantee.
Amendment 775 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point e a (new)
Annex II – paragraph 1 – point 1 – point e a (new)
(ea) maintenance or upgrade of existing infrastructure assets, in transport and energy sectors, with particular focus on safety and security aspects.
Amendment 784 #
Proposal for a regulation
Annex II – paragraph 1 – point 2 – point e a (new)
Annex II – paragraph 1 – point 2 – point e a (new)
(ea) development of new-generation batteries for electrical mobility;