21 Amendments of Pascal CANFIN related to 2023/2636(RSP)
Amendment 123 #
Paragraph 1
1. Takes note of the Glasgow Climate Pact and the progress made during COP27; stresses, however,; expresses, however, concern about the limited progress in stepping up climate change mitigation since then, including during COP27 and the inter-sessional meeting in Bonn in June 2023; reiterates the conclusions by the IPCC that limiting global warming to 1.5 °C requires rapid, deep and sustained mitigation actions and thata reduction of global greenhouse gas emissions must be reduced by 43 % compared to 2019 levels in this critical decade before 2030;
Amendment 146 #
Paragraph 5
5. Urges all Parties to the UNFCCC to increase their NDCs in order to close the emissions gaps as identified by the IPCC and UNEP, and to close the implementation gaps by stepping up policy implementation to achieve the stated commitments; underlines the particular responsibility of all major emitters and the G20 countries to take the lead;
Amendment 152 #
Paragraph 5 a (new)
5a. Urges all Parties to ensure robust rules for cooperative mechanisms under Article 6 of the Paris Agreement and calls on the EU and the Member States to strictly defend a high level of climate integrity, based on best available science, in the negotiations on the outstanding issues, including on the role of removals, in order to ensure that the rules provide genuine emission reductions and full transparency;
Amendment 259 #
Paragraph 11 a (new)
11a. Highlights the EU´s recently adopted “Fit for 55” legislation implementing the 2030 target of the European Climate Law, and the fact that this legislation will reduce the EU’s emissions by more than the EU´s current NDC of a 55 % reduction in net emissions, to reach 57 % reduction in net emissions; calls for the EU to update its official emissions pledge accordingly to reflect this increase in advance of COP28, and in light of the decision in the Glasgow Climate Pact to revisit the 2030 targets;
Amendment 270 #
Paragraph 11 b (new)
11b. Underlines the need to step up adaptation action within the EU and globally; recalls that in line with the EU Climate Law Member States shall ensure continuous progress in enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change in accordance with Article 7 of the Paris Agreement;
Amendment 276 #
Paragraph 11 c (new)
11c. Reiterates its call on the Commission to prepare a comprehensive EU-wide climate risk assessment to address the resilience and preparedness to climate change in Europe; also reiterates its call on the Commission to propose a comprehensive, ambitious and legally binding European Climate Adaptation framework, with the appropriate legislative tools, with special emphasis on the most vulnerable regions;
Amendment 279 #
Paragraph 11 d (new)
11d. Reiterates the need to mainstream climate ambition into all EU policies and the measures transposing them, and underlines that Article 6(4) of the European Climate Law obliges the Commission to assess the consistency of any draft measure or legislative proposal, including budgetary proposals, with the EU’s climate targets; urges the Commission to fully implement this provision in the way it conducts impact assessments on all EU policy areas;
Amendment 289 #
Paragraph 12
12. Highlights the fact that the EU and its Member States are the largest providers of public climate finance and underlines the need for continued and increased contributions; in this respect, reiterates its call for a dedicated EU public finance mechanism that provides additional and adequate support towards delivering the EU’s fair share of international climate finance goals; recognises the importance of climate finance from a variety of sources for successful global climate action, particularly as many developing countries have conditional NDCs, the achievement of which depends on sufficient financial support;
Amendment 298 #
Paragraph 13
13. Is concerned about the growing gap between the needs of developing country Parties and the current scale, sufficiency and accessibility of climate finance; underlines that it will be impossible to close this gap without significant mobilisation of private finance, in addition to public finance;
Amendment 302 #
Paragraph 14
14. Calls for developed country Parties, including the EU and its Member States, to ensure that the USD 100 billion climate finance goal can be met and disbursed on average between 2020 and 2025, and to further detail the way forward for the new post-2025 climate finance goal which should encompass both mitigation and adaptation actions; believes that the responsibility to deliver the new goal will need to encompass a broad donor base that includes both developed countries and other countries that are in a position to do so, as well as innovative sources of finance and private finance;
Amendment 308 #
Paragraph 15
15. CRecalls the conclusions of COP27 that delivering the necessary funding for the climate transition will require a transformation of the financial system and its structures and processes, engaging governments, central banks, commercial banks, institutional investors and other financial actors; considers it essential to advance the Bridgetown Agenda and to make the international financial system fit for the challenges of the 21st century; calls foron all the major international financial institutions to swiftly adopand multilateral development band develop green finance; ks to align their portfolios and lending policies with the Paris Agreement;
Amendment 313 #
Paragraph 15 a (new)
15a. Welcomes the summit for a new global financing pact hosted by France on 22-23 June 2023 and urges all governments and relevant institutions to take concrete actions to deliver the engagements taken at the summit, and to implement the roadmap that it identified, for updating the international financial system to address the combined challenges of development and climate change;
Amendment 315 #
Paragraph 15 b (new)
15b. Recalls the role of the European Investment Bank (EIB) as the EU’s climate bank and its Climate Bank Roadmap and updated Energy Lending Policy as well as the additional efforts of the European Investment Fund (EIF) to spearhead climate investments; welcomes the fact that the European Central Bank has committed to integrating climate change considerations into its monetary policy framework;
Amendment 316 #
Paragraph 15 c (new)
15c. Reiterates its supports the work of the Coalition of Finance Ministers for Climate Action and encourages all governments to adopt the coalition’s commitments to align all policies and practices in the remit of finance ministries with the goals of the Paris Agreement and to adopt effective carbon pricing, as laid down in the Helsinki Principles;
Amendment 320 #
Paragraph 16
16. Recalls that according to the Paris Agreement, all parties must make financial flows – public and private, domestic and international – compatible with the path towards the 1.5 °C target set out in the Paris Agreement; underlines the importance to address this element of the Agreement in a comprehensive way at COP28;
Amendment 336 #
Paragraph 17 a (new)
17a. Highlights the Glasgow Climate Pact commitment to accelerate efforts to phase down unabated coal power and inefficient fossil fuel subsidies; regrets that no progress was made to further strengthen this commitment at COP27 and calls on COP28 to deliver clear results on the phase-down of fossil fuels and on environmentally harmful subsidies;
Amendment 349 #
Paragraph 18
18. Emphasises the importance of protecting, conserving and restoring biodiversity, ecosystems, soils and oceans and to manage natural resources sustainably in order to enhance nature- based climate change mitigation and build resilience, which are necessary to achieve the objectives of the Paris Agreement;
Amendment 373 #
Paragraph 20
20. Stresses the importance of effectively implementing the Kunming- Montreal Global Biodiversity Framework, which was adopted during the 15th meeting of the Conference of the Parties to the UN Convention on Biological Diversityneed to protect indigenous rights and environmental defenders and to ensure that cooperative mechanisms under Article 6 of the Paris Agreement fully respect these rights;
Amendment 408 #
Paragraph 23 a (new)
23a. Welcomes the fact that several EU trading partners have introduced carbon trading or other carbon pricing mechanisms and invites the Commission to further promote this and similar policies on the global scale and to explore links and other forms of cooperation with existing carbon pricing mechanisms in third countries to accelerate cost-efficient and socially fair emissions reductions worldwide; as part of this, calls on the Commission to put in place safeguards to ensure that any links with the EU ETS will continue to deliver additional and permanent mitigation contributions and will not undermine the EU’s domestic GHG emissions commitments;
Amendment 417 #
Paragraph 23 b (new)
23b. Highlights that the EU´s carbon border adjustment mechanism (CBAM) will provide an effective mechanism to price emissions from products imported to the EU and to address carbon leakage while supporting the adoption of carbon pricing worldwide, which will contribute to reducing global carbon emissions and to the achievement of the Paris Agreement goals;
Amendment 425 #
Paragraph 23 c (new)
23c. Highlights the responsibility and potential of the private sector to contribute to the goals of the Paris Agreement and recognises the decisive role of frontrunner businesses; underlines in this context the need for rigorous standards for corporate climate reporting to avoid greenwashing and an uneven playing field; in this context, highlights the importance of solid EU rules in areas such as corporate due diligence, green claims and the certification of carbon removals;