Activities of Vicky FORD related to 2010/2105(INI)
Shadow opinions (1)
OPINION on innovative financing at a global and European level
Amendments (7)
Amendment 3 #
Draft opinion
Paragraph 1
Paragraph 1
1. Points out that successful implementation of the 20-20-20 targets requires substantial financial commitment and new ways of supplementing existing financing for initiatives tackling climate change and energy challenges; encourages efforts by the Commission and Member States to find innovative means of financing through a shift towards basing taxation systems on carbon emissions as this would create revenues for the budgetary authorities and climate-friendly incentives to consumers and industry, including ways to encourage consumers and industry to shift towards a lower carbon emission environment;
Amendment 11 #
Draft opinion
Paragraph 2
Paragraph 2
2. Acknowledges the divergent forms of carbon tax that already exist in some Member States and warns against the risk they pose to competitiveness in the Single Market and interference with the EU ETS; believes in the greater benefit of introducing carbon taxation in a coordinated manner; calls on the Commission to further examine possible instruments for coordinating carbon taxation for non-ETS sectors at EU levelrecognises that several EU Member States have had a carbon based energy tax framework for many years; believes that Member States can learn the best possible practise from each other in their methods of taxation and minimise interference with the EU ETS;
Amendment 18 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that any innovative form of EU-coordinated climate change taxation should have its revenues earmarked forMember States may consider allocating revenues from climate change taxation to financinge R&D and measures aimed at reducing carbon emissions, stimulating energy efficiency and improving energy infrastructure in the EU;
Amendment 25 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Welcomes efforts by the Commission and Member States to investigate innovative ways to achieve investment in European infrastructure and to foster innovation. Notes the comments of the EIB on the 23rd September 2010 in the "Report on the Action undertaken in response to the Resolution of the European Parliament" regarding the European Commission proposal to increase to 10 or 20% the volume of the EU Budget dedicated, through financial instruments, to leveraging funds. Recognises the need for public sector investment to complement and enhance private sector funding where possible, however is aware that the use of special purpose vehicles for financing projects can result in increased off-balance sheet liabilities as well as increased cost of capital for European institutions, the European Union or Member States, believes such measures should be accompanied by fully transparent disclosure with appropriate investment guidelines, risk management, exposure limits, scrutiny and surveillance procedures, all to be established in a democratically accountable manner;
Amendment 31 #
Draft opinion
Paragraph 4 b (new)
Paragraph 4 b (new)
4b. Calls upon the commission and the European Central Bank to investigate the moral hazard implications for Member States of financing critical infrastructure projects via EU Project-bonds or Euro- bonds, especially where such infrastructure projects have a trans- national reach;
Amendment 141 #
Motion for a resolution
Paragraph 19 a (new)
Paragraph 19 a (new)
19 a. Notes the Commission's aim to increase the volume of the EU budget through innovative financial instruments and recognises the potential benefits from leveraging private sector funding with public money; is aware, however, that the use of special purpose vehicles for financing projects can result in increased contingent liabilities; believes, therefore, that such measures should be accompanied by fully transparent disclosure with appropriate investment guidelines, risk management, exposure limits, and scrutiny and surveillance procedures, all to be established in a democratically accountable manner;
Amendment 157 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Calls on the Commission and the European Central Bank to investigate the moral hazard implications for Member States of financing critical infrastructure projects via EU Project-bonds or Euro- bonds, especially where such infrastructure projects have a trans- national scope;