11 Amendments of Pascal CANFIN related to 2020/2124(INI)
Amendment 15 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas the EIB plays an important role in the EU's strategy to tackle climate- and environmental-related challenges - challenges that are this generation's defining task, as outlined by the Commission, with EUR 350 billion of additional investments needed annually to achieve the updated 2030 climate and energy targets;
Amendment 19 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas the EIB, being the world’s largest multilateral borrower and lender, and jointly owned by EU Member States, is the EU’s natural partner for the implementation of financial instruments, in close cooperation with national and multilateral financial institutions;
Amendment 31 #
Motion for a resolution
Paragraph 1 – point 1 (new)
Paragraph 1 – point 1 (new)
(1) Recognises that the pandemic has reinforced the need for the EU and Member States to redirect capital flows towards climate adaptation and mitigation projects, to make our economies, businesses and societies, more resilient to climate and environmental shocks and risks;
Amendment 45 #
(1) Welcomes the decision of the EIB to use the EU Taxonomy for the purposes of tracking, accounting and reporting climate action and environmental sustainability finance for all operations signed as of 1 January 2021; further calls on other public banks to follow this example;
Amendment 96 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the EIB’s climate leadership in becoming the EU’s Climate Bank with the adoption of an ambitious Climate Bank Roadmap in November 2020; further welcomes the proposal to increase EIB financing for climate action and environmental sustainability, including renewable energies, from around 30 % to at least 50 % by 2025, which would unlock investment of more than EUR 1 trillion over the next decade;
Amendment 104 #
Motion for a resolution
Paragraph 14 – point 1 (new)
Paragraph 14 – point 1 (new)
(1) Welcomes the new Climate Risk Assessment (CRA) system established to assess the physical climate risk in direct lending; and suggests that the EIB propose in its action plans harmonised screening methods, using where appropriate the Taxonomy regulation, for national, regional and local project developers to ensure that economic activities, ecosystems and infrastructure are resilient to current and projected future climatic conditions;
Amendment 105 #
Motion for a resolution
Paragraph 14 – point 2 (new)
Paragraph 14 – point 2 (new)
(2) Welcomes the new EIB Energy lending policy and its commitment to end investments in fossil fuels by the end of 2021; therefore calls on the EIB to assess the compatibility of investments made in 2021 towards high-carbon projects with the updated 2030 climate targets;
Amendment 150 #
Motion for a resolution
Paragraph 19 – point 1 (new)
Paragraph 19 – point 1 (new)
(1) Calls on the EIB to set green transition contracts for high emitting sectors to ensure that they will align their business model with climate neutrality;
Amendment 177 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls forHighlights that climate change is the most significant challenge to achieving sustainable development, as it threatens to worsen living conditions and poverty; therefore calls on the EIB to prioritise investment in infrastructure that helps third countries to realise the UN Sustainable Development Goals and thatstrengthen their resilience to climate change, while deliversing on social and environmental justice, public services and fair economic opportunities for citizens;
Amendment 179 #
Motion for a resolution
Paragraph 24 – point 1 (new)
Paragraph 24 – point 1 (new)
(1) Appreciates that the EIB will further reinforce its support to green investment outside the EU, based on an effective implementation of EU climate and energy diplomacy, which will help underlining the EU’s role as a global leader on climate and environmental sustainability;
Amendment 228 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Welcomes the fact that the EIB will review its environmental and social standards and calls for a wide and inclusive public consultation on these issues; invitescalls on the EIB to take account of the do-no harm principleinclude the do-no significant harm principle as referred in the EU Taxonomy Regulation in its operations; calls on the EIBand to take this opportunity to strengthen its human rights policy;