10 Amendments of Helmut SCHOLZ related to 2018/2151(INI)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that according to its operational strategy, the EIB aims to (i) finance viable capitalsupport economic development and job creation, projtects and (ii) borrow on the capital markets to finance these projects environment and face climate change, support the EU principles outside;
Amendment 7 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that the European Union provides a guarantee to the EIB; warns that this may create moral hazard in lending, and calls on the EIB to better ensure that its environmental and social policy goals are respected, including also in co-financed projects or contributions to investments funds and private equity funds;
Amendment 16 #
Draft opinion
Paragraph 4
Paragraph 4
4. Notes that the EIB has committed 25 % of its total financing to projects relating to climate change, rising to 35 % by 2020; urges the EIB to strongly reconsider this level of fundingpursue and increase this effort, including the necessary urgent ecological transition in the Eastern Neighbourhood countries;
Amendment 17 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Is of the opinion that the EIB should continue to enhance its role in helping to achieve sustainable development, and that climate action should focus mainly on clean transport and energy production, reduction of energy consumption (for heating, transportation and production),clean industrial production and sustainable farming, water treatment and supply, and the environmental transition in general;
Amendment 20 #
Draft opinion
Paragraph 5
Paragraph 5
5. Notes that the EIB’s lending to Mediterranean Partner Countries will amount to EUR 15 billion over the next five years; cautions, however, that Transparency International considers these to be amolls on the EIB to bring its activities in line with the most recent UNCTAD recommendations, and to support the streng the worst countries in the world for corruption; affirms that such lending should therefore cease until the appropriate auditing measures are in placening of own new industrial policies of developing countries by contributing to the creation of investment policy tools and focus on different sectors, economic activities, and mechanisms to maximise the contribution of investment to the development of industrial capabilities;
Amendment 22 #
Draft opinion
Paragraph 5 a (new)
Paragraph 5 a (new)
5a. Welcomes the EIB’s plan to create a Sustainability Awareness Bond, and encourages the Bank to adopt a key role in sustainable finance both in and outside of Europe; Calls on the EIB to prioritise supporting through its lending activities the achievement of the United Nations Sustainable Development Goals by further unlocking investment in social, green and sustainable projects.
Amendment 27 #
Draft opinion
Paragraph 7
Paragraph 7
7. Considers thatalls on the EIB shouldto increase its transparency, vis-à-vis not only the European Parliament, but also the parliaments of the Member States; believes that it is only right that democratic representatives have more information about the activities of the EIB in all its programming and undertakings, and to publish in full length the results of its reviews in lending operations such as with Glencore in the Mopani Copper mine in Zambia; calls the bank to cut any lending to investments funds and private equity funds that are active in tax paradises;
Amendment 31 #
Draft opinion
Paragraph 8
Paragraph 8
8. Emphasises that there will have to be specialCalls on for good and fair arrangements regarding the UK’s shareholding in full respect of the EU and the EIB rules;
Amendment 33 #
Draft opinion
Paragraph 9
Paragraph 9
9. Emphasises that systems need to be rigorous and transparent;Welcomes the intention of the EIB to review their environmental and public information policies in 2018 and 2019, and to draw up guidelines for hydropower lending and financial intermediaries, deplores that a number of hydropower projects financed by the bank in Southeast Europe have devastating effects on protected areas and internationally recognised areas of high biodiversity value; urges the EIB to use the review to introduce close existing loop-holes and to tighten up environmental and disclosure standards for their financial intermediaries.
Amendment 37 #
Draft opinion
Paragraph 10
Paragraph 10