12 Amendments of Seán KELLY related to 2015/0009(COD)
Amendment 83 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be to help resolve the difficulties in financing and implementing productive investments in the Union and to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to small and medium enterprises. It is also appropriate to extend the benefit of such increased access to financing to mid- cap companies, which are companies having up to 3000 employees. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's economic, social and territorial cohesion and digital development.
Amendment 132 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) When selecting projects eligible for EFSI support, energy efficiency and demand response projects shall be treated on a level-playing field with energy supply projects in terms of cost-benefit analysis.
Amendment 152 #
Proposal for a regulation
Recital 17
Recital 17
(17) Decisions on the use of the EFSI support for infrastructure and large mid- cap projects should be made by an Investment Committee. The Investment Committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects in the sectorial domains specified in the Regulation as well as geographic markets within the Union. The Investment Committee should be accountable to a Steering Board of the EFSI, who should supervise the fulfilment of the EFSI's objectives. To effectively benefit from the experience of the EIF, the EFSI should support funding to the EIF to allow the EIF to undertake individual projects in the areas of small and medium enterprises and small mid-cap companies.
Amendment 163 #
Proposal for a regulation
Recital 18 a (new)
Recital 18 a (new)
(18a) Investments in energy efficiency are acknowledged to create up to 2 million jobs by 2020 and possibly another 2 million jobs by 2030. Efficiency also represents one of the few economic sectors where a leverage factor higher than 15 has been achieved in the past. In order to ensure that the EFSI fulfils its purpose of leveraging private investments, delivering jobs, fostering resilient economic developments, and reducing macro-economic imbalances, it is imperative that an amount equivalent to EUR 5 000 000 000 from the EFSI is allocated to a Dedicated Energy Efficiency Fund;
Amendment 177 #
Proposal for a regulation
Recital 20
Recital 20
(20) At the level of projects, third parties may co-finance together with EFSI on a project-by-project basis or in investment platforms related to specific geographic or thematic sectors. Special attention should be given to investment platforms that focus on transformative sectors with high economic and societal added value, and investment platforms that aggregate small scale sustainable and innovative projects, particularly those driven by SMEs; for example energy efficiency projects such as the refurbishment of building stock.
Amendment 323 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2
Article 3 – paragraph 5 – subparagraph 2
The Investment Committee shall be composed of sixtwelve independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance andin the areas pointed in Article 5(2) as well as geographic markets within the Union. The Investment Committee shall be appointed by the Steering Board for a renewable fixed term of three years.
Amendment 352 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a
Article 5 – paragraph 2 – subparagraph 1 – point a
(a) development of infrastructure, including in the areas of transport, particularly in industrial centres; energy, in particular energy interconnectionlectricity and gas interconnections, district heating schemes, and energy efficiency projects; and digital infrastructure;
Amendment 395 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point c
Article 5 – paragraph 2 – subparagraph 1 – point c
(c) expansion of renewable energy and, energy and resource efficiency in particular through initiatives for reduction of energy demand and building refurbishments;
Amendment 435 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2a. The EFSI shall offer privileged access to guarantees for small projects and small actors, following a de-risking strategy. For this purpose, the EU guarantee shall be granted, inter alia to the establishment of: - a Dedicated Energy Efficiency Fund covering an amount of guarantees of at least 5 billion Euros notably to support projects promoted by cities and local governments, - a Dedicated SME Fund covering an amount of at least 5 billion Euros and implemented by the EIF as defined in Article 7;
Amendment 447 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. The EU guarantee to the EIB shall be of an amount equal to EUR 16 000 000 000, of which a maximum: - an amount of EUR 2 55 000 000 000 mayshall be allocated for EIB funding to the EIF in accordance with paragraph 2. Without prejudice to Article 8(9), aggregate payments from the Union under the guarantee to the EIB shall not exceed the amount of the guaranteeactivities of the Dedicated SME Fund. - an amount of at least EUR 5 000 000 000 shall be allocated for EIB funding to the Dedicated Energy Efficiency Fund in accordance with Article 5(2a).
Amendment 482 #
Proposal for a regulation
Article 10 – paragraph 2 – point b
Article 10 – paragraph 2 – point b
(b) an assessment of the added value, the mobilisation of private sector resources, the estimated and actual outputs, outcomes and impact of EIB financing and investment operations at an aggregated basis, this includes the impact on the creation of jobs and growth, in particular in SMEs;
Amendment 508 #
Proposal for a regulation
Article 13 – paragraph 1
Article 13 – paragraph 1
In accordance with its own transparency policies on access to documents and information, the EIB shall make publicly available on its website information relating to all EIB financing and investment operations and how they contribute to the general objectives and criteria referred to in Article 5(2).