30 Amendments of Sirpa PIETIKÄINEN related to 2020/0100(COD)
Amendment 13 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) The Just Transition Fund is an essential part of the Union Recovery and Resilience Package and should remain a key part of the package, with corresponding significant resources.
Amendment 27 #
Proposal for a regulation
Recital 5
Recital 5
(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral and circular economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities mayshould be used, and the "do not significant harm" principle referred to in Regulation (EU) 2020/852 adhered to.
Amendment 38 #
Proposal for a regulation
Recital 14
Recital 14
(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should include adherence to the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation, take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.
Amendment 40 #
Proposal for a regulation
Recital 15
Recital 15
(15) Support under this Facility should only be provided to projects that adhere to the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation, and do not generate a sufficient stream of own revenues that would allow them to be financially viable and to be financed solely by loans provided on market terms. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.
Amendment 43 #
Proposal for a regulation
Recital 17
Recital 17
(17) In order to ensure an effective implementation of the Facility, it may be necessary to provide advisory support for the preparation, development, and implementation of projects, particularly regarding sustainability and adherence to the EU taxonomy established by Regulation (EU) 2020/852. This support should be provided through the InvestEU Advisory Hub.
Amendment 44 #
Proposal for a regulation
Recital 3 a (new)
Recital 3 a (new)
(3 a) The Just Transition Fund is an essential part of the EU Recovery and Resilience Package and should remain a key part of the package, with corresponding significant resources.
Amendment 46 #
Proposal for a regulation
Recital 22
Recital 22
(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality and circular economy by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by climate transition, without EU grant support and the need for a coherent implementation framework under direct management. Since those objectives can be better 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 that objective,
Amendment 48 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral and circular economy of the Union by 2050 at the latest, in line with the EU taxonomy established by Regulation (EU) 2020/852 and in adherence to the "do not significant harm" principle referred to in that Regulation. No finance should go to activities that significantly harm the environmental objectives laid out in EU taxonomy.
Amendment 57 #
Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)
Article 2 – paragraph 1 – point 6 a (new)
6 a. 'transitional plan' means achieving climate neutrality and other sustainability targets, in line with EU taxonomy established by Regulation (EU) 2020/852 and the "do no significant harm" principle referred to in that Regulation. The progress should be measured by harmonised sustainability indicators, time-bound and science-based targets.
Amendment 65 #
Proposal for a regulation
Recital 5
Recital 5
(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral and circular economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities mayshall be used , and the Do No Significant Harm principle adhered to..
Amendment 70 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. Union support provided under the Facility, subject national sustainable transition plans approved by the Commission, shall be provided in the form of grants in accordance with Title VIII of the Financial Regulation.
Amendment 81 #
Proposal for a regulation
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(a) the projects that are in line with the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation, achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral and circular economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;
Amendment 89 #
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) the projects do not significant harm any of the environmental objectives laid out in the EU taxonomy established by Regulation (EU) 2020/852, nor receive support under any other Union programmes;
Amendment 90 #
Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)
Article 8 – paragraph 1 – point b a (new)
(b a) the projects that support directly or indirectly, investment related to the production, processing, distribution, storage, transport or combustion of fossil fuels;
Amendment 99 #
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
1. Key performance and sustainability indicators to monitor implementation and progress of the Facility towards the achievement of climate neutrality and other environmental objectives of the Union, the adherence to the "do not significant harm" principle referred to in Regulation (EU) 2020/852, and the objectives set out in Article 3 are established in Annex II.
Amendment 102 #
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. The performance reporting system shall ensure that data regarding the sustainability and other key performance indicators referred to in paragraph 1 are collected efficiently, effectively and in a timely, reliable and independent fashion. Beneficiaries in cooperation with finance partners shall provide to the Commission the data regarding those indicators.
Amendment 104 #
Proposal for a regulation
Recital 14
Recital 14
(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should include adherence to the EU Taxonomy and the Do No Significant Harm principle, take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.
Amendment 107 #
Proposal for a regulation
Article 16 – paragraph 1
Article 16 – paragraph 1
1. Audits on the use of the Union support provided under the Facility carried out by persons or entities, including by other than those mandated by the Union Institutions or bodies, shall form the basis of the overall assurance pursuant to Article 127 of the Financial Regulation, and shall ensure the adherence to the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation.
Amendment 112 #
Proposal for a regulation
Recital 15
Recital 15
(15) Support under this Facility should only be provided to projects that adhere to the EU Taxonomy and the Do No Significant Harm principle, and do not generate a sufficient stream of own revenues that would allow them to be financially viable and to be financed solely by loans provided on market terms. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.
Amendment 116 #
Proposal for a regulation
Recital 17
Recital 17
(17) In order to ensure an effective implementation of the Facility, it may be necessary to provide advisory support for the preparation, development, and implementation of projects, particularly regarding sustainability and adherence to the EU Taxonomy. . This support should be provided through the InvestEU Advisory Hub.
Amendment 128 #
Proposal for a regulation
Recital 22
Recital 22
(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality and circular economy by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by climate transition, without EU grant support and the need for a coherent implementation framework under direct management. Since those objectives can be better 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 that objective,
Amendment 131 #
Proposal for a regulation
Article 1 – paragraph 2
Article 1 – paragraph 2
The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral and circular economy of the Union by 2050 at the latest, in line with the EU Taxonomy and in adherence to the Do No Significant Harm principle. No finance should go to activities that significantly harm the environmental objectives laid out in EU Taxonomy.
Amendment 151 #
Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)
Article 2 – paragraph 1 – point 6 a (new)
6 a. Transitional plan means achieving climate neutrality and other sustainability targets, in line with EU Taxonomy and the Do No Significant Harm principle. The progress should be measured by harmonised sustainability indicators, time-bound and science-based targets.
Amendment 185 #
Proposal for a regulation
Article 5 – paragraph 1
Article 5 – paragraph 1
1. Union support provided under the Facility, subject national sustainable transition plans approved by the Commission, shall be provided in the form of grants in accordance with Title VIII of the Financial Regulation.
Amendment 206 #
Proposal for a regulation
Article 8 – paragraph 1 – point a
Article 8 – paragraph 1 – point a
(a) the projects that are in line with the EU Taxonomy and the Do No Significant Harm principle, achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral and circular economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;
Amendment 216 #
Proposal for a regulation
Article 8 – paragraph 1 – point b
Article 8 – paragraph 1 – point b
(b) the projects do not significantly harm any of the environmental objectives laid out in the EU Taxonomy, nor receive support under any other Union programmes;
Amendment 218 #
Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)
Article 8 – paragraph 1 – point b a (new)
(b a) Projects that support directly o rindirectly, investment related to the production, processing, distribution, storage, transport or combustion of fossil fuels.
Amendment 255 #
Proposal for a regulation
Article 14 – paragraph 1
Article 14 – paragraph 1
1. Key performance and sustainability indicators to monitor implementation and progress of the Facility towards the achievement of climate neutrality and other environmental objectives of the Union, the adherence to the Do No Significant Harm principle, and the objectives set out in Article 3 are established in Annex II.
Amendment 256 #
Proposal for a regulation
Article 14 – paragraph 2
Article 14 – paragraph 2
2. The performance reporting system shall ensure that data regarding the sustainability and other key performance indicators referred to in paragraph 1 are collected efficiently, effectively and in a timely, reliable and independent fashion. Beneficiaries in cooperation with finance partners shall provide to the Commission the data regarding those indicators.
Amendment 269 #
Proposal for a regulation
Article 16 – paragraph 1
Article 16 – paragraph 1
1. Audits on the use of the Union support provided under the Facility carried out by persons or entities, including by other than those mandated by the Union Institutions or bodies, shall form the basis of the overall assurance pursuant to Article 127 of the Financial Regulation, and shall ensure the adherence to the Taxonomy objectives and the Do No Significant harm principle.