Activities of Bas EICKHOUT related to 2022/2006(INI)
Shadow opinions (1)
OPINION on the European Semester for economic policy coordination: annual sustainable growth survey 2022
Amendments (9)
Amendment 5 #
Draft opinion
Paragraph 1
Paragraph 1
Amendment 8 #
Draft opinion
Paragraph 1a (new)
Paragraph 1a (new)
1a.Recalls that the Union and the Member States committed under Article 2.1(c) of the Paris Agreement to align both public and private financial flows to a pathway compatible with the objective of limiting global warming to 1.5°C; stresses that this requires a phase out of all direct and indirect fossil fuel subsidies as soon as possible and by 2025 at the very latest;
Amendment 13 #
Draft opinion
Paragraph 2
Paragraph 2
2. Stresses the importance of accelerating the alignment of the Semester process with the EU’s long-term climate and environmental objectives as set up under the European Green Deal and reinforced in the Fit for 55 package8th Environmental Action Programme, including the objective of reaching climate-neutrality by 2050 at the latest as enshrined in the EU Climate Law; Welcomes the insertion, at each European Semester country report, of dedicated sections on the Member State’s progress in the different SDG areas, as well as thend calls on the Commission to set- up of additional indicators to monitor and guide Member States’ performance in view of EU Green Deal policy goalsthe priority objectives and enabling conditions set out in the 8th Environmental Action Programme;
Amendment 19 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that, meeting the EU’s ambitious Green Deal agenda will require significant investment and that, according to the Commission, the private and public investment gap to cater for the green transition are estimated at nearly EUR 520 billion per year, for the next decade; further notes that whereas a substantial share of the investment will be borne by the private sector, public investment will have to increase as wellstresses that this requires further policy action to redirect financial flows away from harmful economic activities towards sustainable economic activities; further notes that whereas a substantial share of the investment will be borne by the private sector, public investment will have to increase as well; underlines that significant fiscal space could be created by phasing out direct and indirect environmentally harmful subsidies, in particular fossil fuel subsidies;
Amendment 21 #
Draft opinion
Paragraph 3 a (new)
Paragraph 3 a (new)
3a. Reiterates its call for the reorientation of taxation systems towards an increased use of environmental taxation and to fight tax evasion and tax avoidance;
Amendment 22 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls therefore on the Commission to extend the current Semester approach to deliver on its political commitment to make it a governance tool supporting the achievement of the 8th Environmental Action Programme, the European Green Deal and the Sustainable Development Goals; underlines the need to further integrate, without weakening the monitoring process of this extended European semester, the Union’s climate, environmental, including biodiversity, and social objectives in a more comprehensive manner to provide Member States with analysis and indicators beyond economic indicators only, thus better reflecting the current challenges faced by Member States in reducing their ecological footprint and making the process a driver of change towards a sustainable wellbeing for all in Europe; within the planetary boundaries; stresses that the European semester should fully uphold the “do no significant harm” principle; calls for the inclusion of climate and environmental indicators in the scoreboard for the macroeconomic imbalance procedure to better identify and address macroeconomic risks related to sustainability factors;
Amendment 29 #
Draft opinion
Paragraph 5
Paragraph 5
5. Stresses that the European semester should support the Union’s effort to should support the Union’s effort to achieve climate neutrality by 2050 achieve climate neutrality by 2050 at the latest; calls therefore on the at the latest; calls therefore on the Commission to assess the discrepancy between the structure of the Member States’ budgets and a Paris-aligned scenario for each of their national budgets; thus enabling the Commission to provide recommendations on Member States’ climate debt and climate- friendly investment gap associated to the Union’s 2030 objective and the objective of climate neutrality by 2050 at the latest, as well as on their commitment to phase out fossil fuel subsidies in a timeframe consistent with the objective of limiting global warming to 1.5°C;
Amendment 38 #
Draft opinion
Paragraph 6
Paragraph 6
6. Recalling the importance of ensuring the Semester is aligned ensuring the Semester is aligned with the Recovery and Resilience with the Recovery and Resilience Facility and the need to swiftly Facility and the need to swiftly address the COVID 19 pandemic address the COVID 19 pandemic impact on the European economy; impact on the European economy; Highlights that the RRF presents an Highlights that the RRF presents an unprecedented and unique unprecedented and unique opportunity for all Member States to opportunity for all Member States to address key structural challenges address key structural challenges and investment needs and transform and investment needs and transform their economies to make them their economies to make them sustainable, more competitive and sustainable, and more resilient to more resilient to future shocks; future shocks; stresses the stresses the importance of importance of proper implementing investment policies implementation of the reforms and and sustainable reforms in line investments in the each of the with the European priorities Recovery and Resilience Plans with identified in the RRF; is of the view full respect of the “do no that the RRF should serve as an significant harm” principle and inspiration for the review of the carefully monitoring the full framework for macroeconomic implementation of the non- governance, notably in identifying regression of EU environmental common structural challenges and law; calls on the Commission to investment needs; further stresses analyse all payment requests in this that this review should design an light and ensure full compliance of enabling framework for Member all milestones and targets reached States to accelerate their green with the regulation before granting transition and close their climate payments, in particular compliance and environment friendly with the “do no significant harm” investment gap; principle and the specific requirements of Annex VI where relevant; is of the view that the RRF should serve as an inspiration for the review of the framework for macroeconomic governance, notably in identifying common structural challenges and investment needs, ; further stresses that this review should design an enabling framework for Member States to accelerate their green transition, close their climate and environmental investment gap and ensure a rapid phase out of all environmentally harmful subsidies, in particular fossil fuel subsidies;
Amendment 43 #
Draft opinion
Paragraph 7
Paragraph 7
7. Further calls on the Commission to ensure the proper involvement of ensure the proper involvement of the the European Parliament, as well as European Parliament, as well as of of regional and local authorities, regional and local authorities, social social partners, civil society and partners, civil society and other key other key stakeholders throughout stakeholders throughout the overall the overall process, including process, including during the during the implementation phase. implementation as well as the monitoring and evaluation phases.