80 Amendments of Bas EICKHOUT related to 2018/0229(COD)
Amendment 32 #
Proposal for a regulation
Recital 7
Recital 7
(7) The Union endorsed the objectives set out in the United Nations Agenda 2030 and its Sustainable Development Goals and the Paris Agreement in 2015 as well as the Sendai Framework for Disaster Risk Reduction 2015-2030. To achieve the agreed objectives, including those embedded in the environmental policies of the Union, action pursuing sustainable development is to be stepped up significantly. Therefore, the principles of sustainable development should feature prominently inmust be the basis of the design of the InvestEU Fund.
Amendment 32 #
Proposal for a regulation
Recital 7
Recital 7
(7) The Union endorsed the objectives set out in the United Nations Agenda 2030 and its Sustainable Development Goals and the Paris Agreement in 2015 as well as the Sendai Framework for Disaster Risk Reduction 2015-2030. To achieve the agreed objectives, including those embedded in the environmental policies of the Union, action pursuing sustainable development is to be stepped up significantly. Therefore, the principles of sustainable development should feature prominently inmust be the basis of the design of the InvestEU Fund.
Amendment 33 #
Proposal for a regulation
Recital 9
Recital 9
(9) Reflecting the importance of tackling climate change in line with the Union's climate related long-term objective and remaining carbon budget, the Union's commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals, the InvestEU Programme will contribute to mainstream climate actions and to the achievement of an overall target of 2540 % of the Union budget expenditures supporting climate objectives. Actions under the InvestEU Programme are expected to contribute 30 at least 60% of the overall financial envelope of the InvestEU Programme to climate objectives. Relevant actions will be identified during the InvestEU Programme's preparation and implementation and reassessed in the context of the relevant evaluations and review processes. Infrastructure investment planning shall take full account of climate mainstreaming and climate proofing mechanisms.
Amendment 35 #
Proposal for a regulation
Recital 9
Recital 9
(9) Reflecting the importance of tackling climate change in line with the Union's commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals, the InvestEU Programme will contribute to mainstream climate actions and to the achievement of an overall target of 2540 % of the Union budget expenditures supporting climate objectives. Actions under the InvestEU Programme are expected to contribute 360 % of the overall financial envelope of the InvestEU Programme to climate objectives. Relevant actions will be identified during the InvestEU Programme's preparation and implementation and reassessed in the context of the relevant evaluations and review processes.
Amendment 36 #
Proposal for a regulation
Recital 10
Recital 10
(10) The contribution of the InvestEU Fund to the achievement of the climate target will be tracked through an EU climate tracking system developed by the Commission in cooperation with implementing partners and using in an appropriate way the criteria established by [Regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable. _________________ 14The InvestEU Fund will also contribute to the implementation of the Sustainable Development Goals (SDGs) into EU policies and initiatives. _________________ 14 COM(2018)353. COM(2018)353.
Amendment 36 #
Proposal for a regulation
Recital 10
Recital 10
(10) The contribution of the InvestEU Fund to the achievement of the climate target will be tracked through an EU climate tracking system developed by the Commission in cooperation with implementing partners and using in an appropriate way the criteria established by [Regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable. The InvestEU Fund will also contribute to implementing the Sustainable Development Goals (SDGs) into EU policies and initiatives, with sustainable development as an essential guiding principle _________________ 14 COM(2018)353.
Amendment 39 #
Proposal for a regulation
Recital 12
Recital 12
(12) Investment projects receiving substantial Union support, notably in the area of infrastructure, should be subject to sustainability proofing in accordance with guidance that should be developed by the Commission in cooperation with implementing partners under the InvestEU Programme and, using in an appropriate way the criteria established by [Regulation on establishment of a framework to facilitate sustainable investment] for determining whether an economic activity is environmentally sustainable and coherently with the guidance developed for other programmes of the Union. Such guidance should include adequate provisions to avoid undue administrative burden.
Amendment 40 #
Proposal for a regulation
Recital 12 a (new)
Recital 12 a (new)
(12 a) The InvestEU Programme should integrate the gender perspective in all its working and decision making processes, make sure that committees and projects teams are gender balanced and ensure that the implementation of this fund contributes to the promotion of gender equality in compliance with EU gender mainstreaming obligations (article 8 TFEU).
Amendment 41 #
Proposal for a regulation
Recital 13
Recital 13
(13) Low infrastructure investment rates in the Union during the financial crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. Sizeable investments in the European infrastructure, particularly missing interconnections joining up networks across borders are fundamental to meet the Union's efficiency and sustainability targets, including the Union’s commitments towards the SDGs, and the 2030 energy and climate targets. Accordingly, support from the InvestEU Fund should target investments into transport, energy, including energy efficiency and renewable energy, environmental, climate action, maritime and digital infrastructure. To maximise the impact and the value added of Union financing support, it is appropriate to promote a streamlined, climate-proof investment process enabling visibility of the project pipeline and consistency across relevant Union programmes. Bearing in mind security threats, investment projects receiving Union support should take into account principles for the protection of citizens in public spaces. This should be complementary to the efforts made by other Union funds such as the European Regional Development Fund providing support for security components of investments in public spaces, transport, energy and other critical infrastructure.
Amendment 43 #
Proposal for a regulation
Recital 12
Recital 12
(12) Investment projects receiving substantial Union support, notably in the area of infrastructure, should be subject to sustainability proofing in accordance with guidance that should be developed by the Commission in cooperation with implementing partners under the InvestEU Programme and, using in an appropriate way the criteria established by [Regulation on establishment of a framework to facilitate sustainable investment] for determining whether an economic activity is environmentally sustainable and coherently with the guidance developed for other programmes of the Union. Such guidance should include adequate provisions to avoid undue administrative burden.
Amendment 50 #
Proposal for a regulation
Recital 17
Recital 17
(17) As set out in the reflection paper on the social dimension of Europe16 and the European Pillar of Social Rights17 and the EU framework on the EU Convention on the Rights of Persons with Disabilities, building a more inclusive and fairer Union is a key priority for the Union to tackle inequality and foster social inclusion policies in Europe. Inequality of opportunities affects in particular access to education, training and health. Investment in the social, skills and human capital- related economy, as well as in the integration of vulnerable populations in the society, can enhance economic opportunities, especially if coordinated at Union level. The InvestEU Fund should be used to support investment in education and training, help increase employment, in particular among the unskilled and long- term unemployed, and improve the situation with regard to gender equality, equal opportunities, intergenerational solidarity, the health sector, homelessness, digital inclusiveness, community development, the role and place of young people in society as well as vulnerable people, including third country nationals. The InvestEU Programme should also contribute to the support of European culture and creativity. To counter the profound transformations of societies in the Union and of the labour market in the coming decade, it is necessary to invest in human capitalresources, microfinance, social enterprise finance and new social economy business models, including social impact investment and social outcomes contracting. The InvestEU Programme should strengthen nascent social market eco-system, increasing the supply of and access to finance to micro- and social enterprises, to meet the demand of those who need it the most. The report of the High-Level Task-Force on Investing in Social Infrastructure in Europe18 has identified investment gaps in social infrastructure and services, including for education, training, health and housing, which call for support, including at the Union level. Therefore, the collective power of public, commercial and philanthropic capital, as well as support from foundations, should be harnessed to support the social market value chain development and a more resilient Union. _________________ 16 COM(2017) 206. 17 COM(2017) 250. 18 Published as European Economy Discussion Paper 074 in January 2018.
Amendment 53 #
Proposal for a regulation
Recital 28
Recital 28
(28) An Investment Committee composed of independent experts should conclude on the granting of the support from the EU guarantee to financing and investment operations fulfilling the eligibility criteria, thereby providing external expertise in investment assessments in relation to projects. The Investment Committee should have different configurations to best cover different policy areas and sectors, while always containing experts on the transition to a zero carbon economy. The Committee should also contain civil society representatives.
Amendment 54 #
Proposal for a regulation
Recital 21
Recital 21
(21) The InvestEU Fund should be open to contributions from third countries that are members of the European Free Trade Association, acceding countries, candidates and potential candidates, countries covered by the Neighbourhood policy and other countries, in accordance with the conditions laid down between the Union and those countries. Cooperation and support should be provided to decrease dependence on fossil fuels and increase access to affordable renewable energy, as well as to support access to science, technology and innovation in line with the SDGs. This should allow continuing cooperating with the relevant countries, where appropriate, in particular in the fields of research and innovation as well as SMEs.
Amendment 58 #
Proposal for a regulation
Recital 28
Recital 28
(28) An Investment Committee composed of independent experts should conclude on the granting of the support from the EU guarantee to financing and investment operations fulfilling the eligibility criteria, thereby providing external expertise in investment assessments in relation to projects. The Investment Committee should have different configurations to best cover different policy areas and sectors, however always containing experts that have up to date knowledge on the transition to a low carbon economy. The Committee should also contain a representative from a civil society organisation.
Amendment 59 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) the sustainability of the Union economy and its growth, including climate change mitigation and adaptation;
Amendment 61 #
Proposal for a regulation
Recital 35
Recital 35
(35) The InvestEU Advisory Hub should support the development of a robust pipeline of investment projects in each policy window providing for effective implementation of geographic diversification contributing to the Union objective of economic, social, and territorial cohesion and reducing regional disparities. The Advisory Hub should pay particular attention to smaller, cross- border and EU value-added projects. In addition, a cross- sectoral component under the InvestEU Programme should be foreseen to ensure a single-entry point and cross-policy project development assistance for centrally managed Union programmes.
Amendment 63 #
Proposal for a regulation
Recital 36
Recital 36
(36) In order to ensure a wide geographic outreach of the advisory services across the Union and to successfully leverage local knowledge about the InvestEU Fund, a local presence of the InvestEU Advisory Hub should be ensured, where needed in every Member State, taking into account existing support schemes, with a view to provide tangible, proactive, tailor- made assistance on the ground.
Amendment 66 #
Proposal for a regulation
Article 3 – paragraph 2 – point d a (new)
Article 3 – paragraph 2 – point d a (new)
(d a) to significantly increase investment in climate change adaptation and mitigation and environmental projects in points (a) to(d).
Amendment 70 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) the sustainability of the Union economy and its growth, including climate change mitigation and adaptation;
Amendment 74 #
Proposal for a regulation
Article 3 – paragraph 1 – point d a (new)
Article 3 – paragraph 1 – point d a (new)
(d a) contribute to achieving the Union's climate objectives, as well as delivering long-term environmental and societal benefits
Amendment 75 #
Proposal for a regulation
Article 3 – paragraph 1 a (new)
Article 3 – paragraph 1 a (new)
1 a. In general, financial support via EUInvest shall heed to the principle that no matter through which public and private financial construct, the distribution of profits and losses needs to be balanced in such a way that public budgets shall take advantage of profits that cannot wholly be privatised, whilst private equity can not rely exclusively on the losses being borne by public budgets
Amendment 78 #
Proposal for a regulation
Article 3 – paragraph 2 – point d a (new)
Article 3 – paragraph 2 – point d a (new)
(d a) to increase investment in climate mitigation and adaptation and environmental projects in points (a) and (d) and to make sure that at least 60% of the InvestEU Fund is used for climate mainstreaming.
Amendment 81 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
Financing and investment operations under the sustainable infrastructurabove policy windows referred to in points (a), (b), (c), (d) of paragraph (1) shall be subject to climate, environmental and social sustainability proofing through minimum sustainability thresholds in project scoreboards with a view to minimise detrimental impacts and maximise benefits on climate, environment and social dimension. For that purpose, promoters requesting financing shall provide adequate information based on guidance to be developed by the Commission. Projects below a certain size defined in the guidance shall be excluded from the proofing.
Amendment 84 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
c a) rule out support for any fossil fuel infrastructure related to production, processing, transmission, distribution, storage or combustion of fossil fuels;
Amendment 86 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c b (new)
Article 7 – paragraph 3 – subparagraph 2 – point c b (new)
c b) rule out, based on a project life cycle assessment, support for projects that are not compatible with the objectives of the Paris Agreement and lead to significant greenhouse gas emissions;
Amendment 87 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c c (new)
Article 7 – paragraph 3 – subparagraph 2 – point c c (new)
c c) assess whether cost-efficient, technically, economically and environmentally sound alternative energy efficiency measures, by means of cost- effective energy end-use savings, demand- side response initiatives and more efficient conversion, transmission and distribution of energy, could replace in whole or in part the proposed operation whilst still achieving the objectives of the respective undertaking, in line with the Regulation on the Governance of the Energy Union;
Amendment 91 #
Proposal for a regulation
Article 7 – paragraph 1 – introductory part
Article 7 – paragraph 1 – introductory part
1. The InvestEU Fund shall operate through the following fourive policy windows that shall address market failures or sub- optimal investment situations within their specific scope:
Amendment 92 #
Proposal for a regulation
Article 7 – paragraph 5
Article 7 – paragraph 5
5. Implementing partners shall target that aAt least 50 60% of the investment under the sustainable infrastructure policy windowInvestEU policy windows and in both EU and Member State compartments shall contribute to meeting the Union objectives on climate and environment.
Amendment 92 #
Proposal for a regulation
Article 7 – paragraph 1 – point a
Article 7 – paragraph 1 – point a
(a) sustainable infrastructure policy window: comprises sustainable investment in the areas of zero-emission sustainable transport, energy, digital connectivity, supply and processing of raw materials, space, oceans and inland water, waste, nature and other environment infrastructure, equipment, mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the Union, or to both, or meet the environmental or social sustainability standards of the Union;
Amendment 95 #
Proposal for a regulation
Article 7 – paragraph 6 a (new)
Article 7 – paragraph 6 a (new)
6 a. As to ensure the climate mainstreaming objectives stipulated in this Regulation are fulfilled, the Commission shall put in place a centrally managed system for tracking the allocated ressources and the actual spending based on the Rio Marker system, differentiating between mitigation and adaptation and the different sectors and its greenhouse gas emission reductions.
Amendment 96 #
Proposal for a regulation
Article 7 – paragraph 6 b (new)
Article 7 – paragraph 6 b (new)
6 b. As to ensure required level of financing, at least 10% of the investment under InvestEU policy windows and in both EU and Member State compartments must be allocated for the “Environment and resources” eligible area.
Amendment 98 #
Proposal for a regulation
Article 8 – paragraph 2 a (new)
Article 8 – paragraph 2 a (new)
2 a. The Commission is empowered to adopt delegated acts in accordance with Article 26 to define market failures and sub-optimal investment situations referred to in paragraph 1 after receiving advice from the advisory board.
Amendment 99 #
Proposal for a regulation
Article 9 – paragraph 3 – point a a (new)
Article 9 – paragraph 3 – point a a (new)
a a) identified market failures and sub- optimal investment situations which should be addressed by the financed operations;
Amendment 100 #
Proposal for a regulation
Article 7 – paragraph 1 – point d a (new)
Article 7 – paragraph 1 – point d a (new)
(d a) infrastructure maintenance window: access to and availability of finance for the renovation and maintenance of existing rail and road bridges and tunnels for the sake of their safety;
Amendment 102 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
Financing and investment operations under the sustainable infrastructurabove policy window referred to in point (a)-(d) of paragraph (1) shall be subject to climate, environmental and social sustainability proofing through minimum sustainability thresholds in project scoreboards with a view to minimise detrimental impacts and maximise benefits on climate, environment and the social dimension. For that purpose, promoters requesting financing shall provide adequate information based on guidance to be developed by the Commission. Projects below a certain size defined in the guidance shall be excluded from the proofing in form of a delegated act, taking fully into account the criteria established by the [Regulation on the establishment of a framework to facilitate sustainable investment COM(2018)353] for determining whether an economic activity is environmentally sustainable and in line with EU climate objectives, avoiding any projects involving intensive fossil fuel use.
Amendment 103 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – introductory part
Article 7 – paragraph 3 – subparagraph 2 – introductory part
The Commission guidance shall go beyond current carbon pricing and CO2 footprint methodologies and allow to:
Amendment 104 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point a
Article 7 – paragraph 3 – subparagraph 2 – point a
a) as regards adaptation, ensure the resilience to the potential adverse impacts of climate change through a climate vulnerability and risk assessment, including relevant adaptation measures, and, as regards mitigation, integrate the cost of greenhouse gas emissions and the positive effects of climate mitigation measures in the cost-benefit analysis and ensure compliance with the EU environmental objectives and standards;
Amendment 105 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
Article 7 – paragraph 3 – subparagraph 2 – point c a (new)
c a) demonstrate the contribution of the project to the climate and energy objectives, including the transition to a net-zero GHG emission economy at the latest by 2050;
Amendment 106 #
Proposal for a regulation
Article 17 – paragraph 5 a (new)
Article 17 – paragraph 5 a (new)
5 a. The minutes of meetings of the advisory board shall be made publicly available on a dedicated webpage.
Amendment 108 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c a (new)
Article 18 – paragraph 4 – subparagraph 3 – point c a (new)
(c a) the compliance with the EU environmental standards;
Amendment 108 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c b (new)
Article 7 – paragraph 3 – subparagraph 2 – point c b (new)
c b) rule out support for any fossil fuel infrastructure, including related to production, processing, transmission, distribution,storage or combustion of fossil fuels;
Amendment 109 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c b (new)
Article 18 – paragraph 4 – subparagraph 3 – point c b (new)
(c b) the compliance with the Energy Union’s energy efficiency first principle;
Amendment 109 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point c c (new)
Article 7 – paragraph 3 – subparagraph 2 – point c c (new)
c c) undertake an assessment whether cost-efficient, technically, economically and environmentally sound alternative energy efficiency measures, by means of cost-effective energy end-use savings, demand-side response initiatives and more efficient conversion, transmission and distribution of energy, could replace in whole or in part the proposed operation whilst still achieving the objectives of the respective undertaking, in line with the Regulation of the European Parliament and of the Council on the Governance of the Energy Union;
Amendment 110 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c c (new)
Article 18 – paragraph 4 – subparagraph 3 – point c c (new)
(c c) whether the proposed operation addresses the identified market failures or sub-optimal investment situations.
Amendment 110 #
Proposal for a regulation
Article 7 – paragraph 4
Article 7 – paragraph 4
4. Implementing partners shall provide the information necessary to allow the tracking of investment that contributes to meeting the Union objectives on climate and environment, based on guidance to be provided by the Commission and assess compliance of operations with the Regulation on the establishment of a framework to facilitate sustainable investment (COM(2018)353) and the EU environmental objectives and standards; .
Amendment 111 #
Proposal for a regulation
Article 19 – paragraph 5 – subparagraph 3
Article 19 – paragraph 5 – subparagraph 3
The scoreboard shall be publicly available after the signature of a financing or investment operation or sub-project, if applicablebefore approval of the investment operation. The publication shall not contain commercially sensitive information or personal data not to be disclosed under the Union data protection rules.
Amendment 111 #
Proposal for a regulation
Article 7 – paragraph 5
Article 7 – paragraph 5
5. Implementing partners shall target that aAt least 50 60% of the investment under the sustainable infrastructure policy windowInvestEU policy windows, and in both EU and Member State compartments, must contribute to meeting the Union objectives on climate and environment.
Amendment 117 #
Proposal for a regulation
Article 7 – paragraph 6 a (new)
Article 7 – paragraph 6 a (new)
6 a. As to ensure the climate mainstreaming objectives stipulated in this Regulation are fulfilled, the Commission shall put in place a centrally managed system for climate tracking for allocated ressources and the actual spending based on the Rio Marker system, differentiating between mitigation and adaptation and the different sectors and its GHG emission reductions.
Amendment 118 #
Proposal for a regulation
Article 7 – paragraph 6 b (new)
Article 7 – paragraph 6 b (new)
6 b. As to ensure required level of financing, at least 10% of the investment under InvestEU policy windows and in both EU and Member State compartments must be allocated for the “Environment and resources” eligible area.
Amendment 120 #
Proposal for a regulation
Article 22 – paragraph 4
Article 22 – paragraph 4
4. The Commission shall report on the implementation of InvestEU Programme in accordance with [Articles 241 and 250] of the [Financial Regulation]. For that purpose, the implementing partners shall provide annually the information necessary to allow the Commission to comply with its reporting obligations. As part of the annual reporting, the Commission shall annually analyse a multi-annual consolidation exercise to identify whether climate expenditure is on track to achieve the 60%target. The Commission shall provide information on the support to climate change objectives differentiating between mitigation and adaptation as well as information on the climate contribution of relevant financial instruments, and make this publicly available.
Amendment 120 #
Proposal for a regulation
Article 8 – paragraph 1 – point a – point iii a (new)
Article 8 – paragraph 1 – point a – point iii a (new)
(iii a) intensified cooperation for the formulation, preparation and implementation of cross-border transport projects
Amendment 121 #
Proposal for a regulation
Article 24 – paragraph 1 a (new)
Article 24 – paragraph 1 a (new)
The EU guarantee, payments and recoveries under it, and operations under the InvestEU programme shall be audited by the Court of Auditors. A special report by the Court of Auditors should be issued 18 months after the entry into force of this regulation.
Amendment 122 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – introductory part
Annex II – paragraph 1 – point 1 – introductory part
1. Development of the energy sector, excluding activities related to production, processing, transmission, distribution, storage or combustion of fossil fuels, in accordance with the Energy Union priorities, including security of energy supply, and the commitments taken under the Agenda 2030 and the Paris Agreement, in particular through:
Amendment 122 #
Proposal for a regulation
Article 8 – paragraph 2 a (new)
Article 8 – paragraph 2 a (new)
2 a. The Commission is empowered to adopt delegated acts in accordance with Article 26 to define market failures and sub-optimal investment situations referred to in paragraph 1 after receiving advice from the advisory board.
Amendment 124 #
Proposal for a regulation
Article 9 – paragraph 3 – point a a (new)
Article 9 – paragraph 3 – point a a (new)
a a) identified market failures and sub- optimal investment situations which should be addressed by the financed operations;
Amendment 129 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point d
Annex II – paragraph 1 – point 1 – point d
(d) production and supply of synthetic fuels from renewable/carbon-neutral sources; alternative fuels sources under the condition of a positive lifecycle impact and efficiency assessment;
Amendment 134 #
Proposal for a regulation
Annex II – paragraph 1 – point 2 – introductory part
Annex II – paragraph 1 – point 2 – introductory part
2. Development of sustainable transport infrastructures, excluding motorways and express-ways and airports, and equipment and innovative technologies in accordance with Union transport priorities and the commitments taken under the Paris Agreement, in particular through:
Amendment 136 #
Proposal for a regulation
Article 17 – paragraph 5 a (new)
Article 17 – paragraph 5 a (new)
5 a. The minutes of meetings of the advisory board shall be publicly available on a dedicated webpage.
Amendment 137 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c a (new)
Article 18 – paragraph 4 – subparagraph 3 – point c a (new)
(c a) the compliance with the EU environmental standards;
Amendment 138 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c b (new)
Article 18 – paragraph 4 – subparagraph 3 – point c b (new)
(c b) the compliance with the Charter of Fundamental Rights;
Amendment 139 #
Proposal for a regulation
Article 18 – paragraph 4 – subparagraph 3 – point c c (new)
Article 18 – paragraph 4 – subparagraph 3 – point c c (new)
(c c) whether the proposed operation addresses the identified market failures or sub-optimal investment situations.
Amendment 140 #
Proposal for a regulation
Article 19 – paragraph 5 – subparagraph 3
Article 19 – paragraph 5 – subparagraph 3
The scoreboard shall be publicly available before approval of the investment operation after the signature of a financing or investment operation or sub-project, if applicable. The publication shall not contain commercially sensitive information or personal data not to be disclosed under the Union data protection rules.
Amendment 147 #
Proposal for a regulation
Article 22 – paragraph 4
Article 22 – paragraph 4
4. The Commission shall report on the implementation of InvestEU Programme in accordance with [Articles 241 and 250] of the [Financial Regulation]. For that purpose, the implementing partners shall provide annually the information necessary to allow the Commission to comply with its reporting obligations. As part of the annual reporting, the Commission shall annually analyse a multi-annual consolidation exercise to identify whether climate expenditure is on track to achieve the 60% target. The Commission shall provide information on the support to climate change objectives differentiating between mitigation and adaptation as well as information on the climate contribution of relevant financial instruments, and make this publicly available.
Amendment 149 #
Proposal for a regulation
Article 24 – paragraph 1 a (new)
Article 24 – paragraph 1 a (new)
The EU guarantee, payments and recoveries under it, and operations under the InvestEU programme shall be audited by the Court of Auditors. A special report by the Court of Auditors should be issued 18 months after the entry into force of this regulation.
Amendment 151 #
Proposal for a regulation
Annex II – paragraph 1 – point 12
Annex II – paragraph 1 – point 12
Amendment 151 #
Proposal for a regulation
Annex II – paragraph 1 – introductory part
Annex II – paragraph 1 – introductory part
The financing and investment operations may fall under one or more of the following areas but shall not support activities related to production, processing, distribution, storage or combustion of fossil fuels, or CO2 transport infrastructure:
Amendment 152 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – introductory part
Annex II – paragraph 1 – point 1 – introductory part
1. Development of the energy sector, excluding activities related to production, processing, transmission, distribution, storage or combustion of fossil fuels, in accordance with the Energy Union priorities, including security of energy supply, and the commitments taken under the Agenda 2030 and the Paris Agreement, in particular through:
Amendment 155 #
Proposal for a regulation
Annex III – point 3 – point 3.3 a (new)
Annex III – point 3 – point 3.3 a (new)
3.3 a Absolute and relative greenhouse gasses emission
Amendment 155 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point d
Annex II – paragraph 1 – point 1 – point d
(d) production and supply of synthetic fuels from renewable/carbon-neutral sources; alternative fuels sources under the condition of a positive lifecycle impact and efficiency assessment;
Amendment 156 #
Proposal for a regulation
Annex III – point 4 – point 4.2 a (new)
Annex III – point 4 – point 4.2 a (new)
4.2 a Energy: energy saved
Amendment 157 #
Proposal for a regulation
Annex III – point 4 – point 4.2 b (new)
Annex III – point 4 – point 4.2 b (new)
4.2 b Energy: absolute and relative greenhouse gasses emission
Amendment 157 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point e
Annex II – paragraph 1 – point 1 – point e
Amendment 158 #
Proposal for a regulation
Annex III – point 4 – point 4.5 a (new)
Annex III – point 4 – point 4.5 a (new)
4.5 a Transport: absolute and relative greenhouse gasses emission
Amendment 158 #
Proposal for a regulation
Annex II – paragraph 1 – point 2 – introductory part
Annex II – paragraph 1 – point 2 – introductory part
2. Development of sustainable transport infrastructures, excluding motorways and express-ways and airports, and equipment and innovative technologies in accordance with Union transport priorities and the commitments taken under the Paris Agreement, in particular through:
Amendment 173 #
Proposal for a regulation
Annex II – paragraph 1 – point 7 – introductory part
Annex II – paragraph 1 – point 7 – introductory part
7. Financial support to entities employing up to 3 000 employees, with a particular focus on SMEs and small mid- cap companieSMEs, in particular through:
Amendment 176 #
Proposal for a regulation
Annex II – paragraph 1 – point 12
Annex II – paragraph 1 – point 12
Amendment 178 #
Proposal for a regulation
Annex III – point 3 – point 3.3 a (new)
Annex III – point 3 – point 3.3 a (new)
3.3 a Absolute and relative greenhouse gasses emission
Amendment 179 #
Proposal for a regulation
Annex III – point 4 – point 4.2 a (new)
Annex III – point 4 – point 4.2 a (new)
4.2 a Energy: energy saved
Amendment 180 #
4.2 b Energy: absolute and relative greenhouse gasses emission
Amendment 185 #
Proposal for a regulation
Annex III – point 4 – point 4.5 a (new)
Annex III – point 4 – point 4.5 a (new)
4.5 a Transport: absolute and relative greenhouse gasses emission