2020/0100(COD) | [ParlTrack]

Elżbieta KRUK, Krzysztof JURGIEL, Andżelika Anna MOŻDŻANOWSKA, Izabela-Helena KLOC

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes and while Member States have different starting position, the least developed regions, outermost regions, mountainous, islands, sparsely populated, rural, remote and geographically disadvantaged areas with small population are those where the transition in energy towards climate neutrality is more difficult to implement. _________________ 9 COM(2019) 640 final.

Amendment 10 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Ondřej KNOTEK, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 3

Amendment 100 #

Proposal for a regulation
Article 11 – paragraph 1

1. In addition to the grounds specified in Article 131(4) of the Financial Regulation and after consulting the finance partner, the amount of the grant may be reduced or the grant agreement may be terminated, if within twohree years from the date of signature of the grant agreement, the economically most significant supply, works or services contract has not been signed, in cases where the conclusion of such contract is envisaged pursuant to the grant agreement.

Amendment 101 #

Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 1 a (new)

Subsidies may be reduced or terminated if, following the mid-term review, it is found that there has been a failure to comply with the objectives established in Article 3 of this Regulation.

Amendment 102 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Mauri PEKKARINEN

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by work programmes established in accordance with Article 110 of the Financial Regulation. The Commission shall be empowered to adopt delegated acts in accordance with Article 17 adopting such work programmes. The work programmes shall specify the eligibility conditions and award criteria, taking into account the relevant criteria established by Regulation (EU) … /... of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment], the ability of the project to meet the objectives and development needs described in the territorial just transition plans, the contribution to the achievement of the Union’s 2030 climate and energy targets, and climate neutrality by 2050, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. The Commission shall ensure that gender equality and the integration of gender perspective are taken into account and promoted in the work programme. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this Regulation.

Amendment 103 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Article 14 – paragraph 2

2. The performance reporting system shall ensure that data regarding the indicators referred to in paragraph 1 are collected efficiently, effectively and in a timely fashion. Beneficiaries ~~in cooperation with finance partners~~ shall provide to the Commission the data regarding those indicators.

Amendment 104 #

Proposal for a regulation
Article 14 – paragraph 3

~~3. The Commission shall be empowered to adopt~~ delegated ~~acts in accordance with Article 17 to amend Annex II by modifying the indicators referred to in paragraph 1.~~

Amendment 105 #

Proposal for a regulation
Article 15 – title

Evaluation and Review

Amendment 106 #

Proposal for a regulation
Article 15 – paragraph 2

2. The interim evaluation of the Facility shall be performed by 30 June 2025, when sufficient information is expected to be available about the implementation of the Facility. The evaluation shall in particular demonstrate how the Union support provided under the Facility shall have contributed in addressing the needs of territories implementing the territorial just transition plans and show whether, on the basis of information pertaining to the impact on the Union's climate objectives and the objectives pursued by the European Green Deal, the Union support has contributed to reducing emissions. At the latest by the end of mid-term review of the next multi-annual financial framework, the Commission shall review the implementation of the credit line assigned to the public sector in the context of the Just Transition Mechanism and assess whether it is appropriate to amend its scope in line with possible changes in Regulation 2020/... [Taxonomy Regulation], the Union’s climate objectives set out in Regulation (EU) 2020/… [European Climate Law] and the evolution in the implementation of the Sustainable Finance Action Plan. On that basis, the Commission shall submit a report to the European Parliament and to the Council, which may be accompanied by legislative proposals.

Amendment 107 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Article 15 – paragraph 3

3. At the end of the implementation period and no later than 31 December 2031, a final evaluation report on the results and long-term impact of the Facility shall be ~~established~~submitted to the European Parliament and to the Council to ascertain whether the financed projects have contributed to addressing the economic, social, demographic and environmental challenges in the regions in which they have been carried out.

Amendment 108 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 15 – paragraph 3 a (new)

3 a. Both the interim and final evaluation shall also assess the contribution to the achievement of the Union’s 2030 climate and energy targets, and climate neutrality by 2050, as well as the social and economic impact of the support provided under the Facility, including the impact on gender equality.

Amendment 109 #

Proposal for a regulation
Article 17

1. The power to adopt delegated acts is conferred on the Commission subject to the conditions laid down in this Article. 2. The power to adopt delegated acts referred to in Article 14 shall be conferred on the Commission until 31 December 2028. 3. The delegation of power referred to in Article 14 may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force. 4. Before adopting a delegated act, the Commission shall consult experts designated by each Member State in accordance with the principles laid down in the Inter-institutional Agreement of 13 April 2016 on Better Law-Making. 5. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council.Article 17 deleted Exercise of the delegation

Amendment 11 #

Proposal for a regulation
Recital 4

Amendment 110 #

Proposal for a regulation
Article 18 – paragraph 1

1. The beneficiaries and the finance partners, with the support of national and regional authorities, shall ensure the visibility of the Union support provided under the Facility, in particular when promoting the projects and their results, by providing targeted information to multiple audiences, including the media and the public.

Amendment 111 #

Proposal for a regulation
Article 18 – paragraph 1

1. The beneficiaries and the finance partners shall ensure the visibility of the Union support provided under the Facility, in particular when promoting the projects and their results, by providing targeted information to multiple audiences~~, including the~~ though various channels of communication, including the media, the social media and the public.

Amendment 112 #

Proposal for a regulation
Article 18 – paragraph 1 a (new)

1 a. The information about the Union support shall be provided in clear, approachable and attractive manner, using variety of communication channels.

Amendment 113 #

Proposal for a regulation
Article 18 – paragraph 2

2. The Commission shall implement information and communication actions relating to the Facility, the funded projects and their results and shall use specific methods to measure the extent to which the message has reached the general public. Financial resources allocated to the Facility shall also contribute to the corporate communication of the political priorities of the Union, as far as they are related to the objectives referred to in Article 3.

Amendment 114 #

Proposal for a regulation
Article 18 – paragraph 2

2. The Commission shall implement information and communication actions relating to the Facility, ensure transparency and public access to information concerning each and all the funded projects and their results. Financial resources allocated to the Facility shall also contribute to the corporate communication of the political priorities of the Union, as far as they are related to the objectives referred to in Article 3.

Amendment 115 #

Proposal for a regulation
Annex II – point 7 a (new)

(7a) Stemming depopulation in regions affected by climate transition

Amendment 12 #

Proposal for a regulation
Recital 4

Amendment 13 #

Proposal for a regulation
Recital 4

Amendment 14 #

Proposal for a regulation
Recital 4 a (new)

(4 a) Horizontal principles as set out in Article 3 of the Treaty on the European Union ('TEU') and in Article 10 of the TFEU, including principles of subsidiarity and proportionality as set out in Article 5 of the TEU should be respected in the implementation of the Facility, taking into account the Charter of Fundamental Rights of the European Union. Member States should also respect the obligations of the UN Convention on the Rights of the Child and of the UN Convention on the Rights of Persons with Disabilities and ensure accessibility in line with its article 9 and in accordance with the Union law harmonising accessibility requirements for products and services. Member States and the Commission should aim at eliminating inequalities and at promoting equality between men and women and integrating the gender perspective, as well as at combating discrimination based on sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation. The Facility should not support actions that contribute to any form of segregation or exclusion, or support infrastructure which is inaccessible to persons with a disability. The objectives of the Facility should be pursued in the framework of sustainable development and the Union's promotion of the aim of preserving, protecting and improving the quality of the environment as set out in Article 11 and Article 191(1) of the TFEU, taking into account the polluter pays principle and the commitments agreed under the Paris Agreement. In order to protect the integrity of the internal market, operations benefitting undertakings should comply with Union State aid rules as set out in Articles 107 and 108 of the TFEU.

Amendment 15 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral economy, as described in the territorial just transition plans. The investments supported may cover energy and sustainable transport infrastructure, district heating networks, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, the fight against depopulation, land restoration and decontamination, as well as up- and re- skilling, training and social infrastructure, including social housing, in addition to digital coverage for regions and better broadband connections. All financed projects should be in line with the climate objectives set for 2030, meaning that the Commission should ensure that all projects are consistent with the goal of reducing emissions. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters, especially in those regions which have been heavily affected by extreme meteorological phenomena in recent years. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans, and which although having been affected by the climate transition, have not been able to benefit under the First Pillar of the Just Transition Mechanism, namely the Just Transition Fund. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used. The Facility must take account of the devastating consequences which the COVID-19 crisis has had in numerous European regions, as well as of the uneven impact of the virus, in order to ensure cohesion and that aid reaches those regions and communities which need it the most.

Amendment 16 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Ondřej KNOTEK, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification ~~of territories~~and modernisation of territories most negatively impacted by the climate transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards the Union’s 2030 climate and energy targets, and a climate neutral economy by 2050, as described in the territorial just transition plans. The investments supported may cover ~~energy and transport infrastructure, district heating networks, green mobility, smart waste management~~technology and infrastructures for clean, affordable and renewable energy and environmentally-friendly and decarbonised transport, district heating networks, green, smart and sustainable mobility, investments in research and innovation activities, including in universities and public research institutions, fostering the transfer of advanced and market-ready technologies, investments in digitalisation, digital innovation and digital connectivity, including digital and precision farming, smart waste management, greenhouse gas emission reduction, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination when the “polluters pays” principle cannot be applied, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. Relevant local and regional authorities, economic and social partners and civil society of the territories concerned should be involved in the process of identification of the investments supported by the Facility in accordance with the partnership principle laid down in Article 6 of Regulation (EU) … /… [new CPR]. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities ~~may~~should be used.

Amendment 17 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards the achievement of the Union’s 2030 targets for energy and climate, and a climate neutral economy by 2040, as described in the territorial just transition plans. The investments supported may cover smart energy ~~and transport infrastructure,~~systems, grids and storage at local level, decarbonisation of the transport sector, high efficient district heating networks, ~~gree~~zero-carbon mobility, ~~smart~~ waste management in accordance with the waste hierarchy, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination while keeping with the polluter-pays principle, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. Such investments should be sustainable and should not increase nor maintain dependency on fossil fuels. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities ~~may~~should be used.

Amendment 18 #

Proposal for a regulation
Recital 5

Amendment 19 #

Proposal for a regulation
Recital 5

Amendment 2 #

Elżbieta KRUK, Krzysztof JURGIEL, Andżelika Anna MOŻDŻANOWSKA, Izabela-Helena KLOC, Raffaele FITTO

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199, drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the energy and climate objectives for 2030 and the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes, which will call for ambitious funding by the Union. _________________ 9 COM(2019) 640 final.

Amendment 20 #

Proposal for a regulation
Recital 5

Amendment 21 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Recital 5

Amendment 22 #

Proposal for a regulation
Recital 5

Amendment 23 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Recital 5

Amendment 24 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Mauri PEKKARINEN, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 5 a (new)

(5 a) In the context of its effort to increase economic, territorial and social cohesion, the Facility should also contribute to eliminating inequalities and promoting gender equality and integrating the gender perspective, as well as combating discrimination based on sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation as set out in Article 2 of the Treaty on the European Union (TEU), Article 10 TFEU and Article 21 of the Charter of Fundamental Rights of the European Union. All stakeholders involved at all stages of implementation of the Facility should commit to promote gender equality and should ensure that the impact on women is taken into account, given that they are disproportionately impacted by climate change and transition process.

Amendment 25 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Mauri PEKKARINEN, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 6

(6) Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. However, the protection of final beneficiaries is crucial to ensure the effectiveness of the investments supported by the Facility. Local and regional authorities cannot lose their funding as a consequence of generalised deficiencies as regards the rule of law in the Member States. If necessary, the Commission, in agreement with the European Parliament and the Council, should temporarily manage funds with the recipients without the involvement of national governments violating the rule of law.

Amendment 26 #

Proposal for a regulation
Recital 6

Amendment 27 #

Proposal for a regulation
Recital 12

(12) Resources for advisory and expert support should also be provided for in order to promote the preparation, development and implementation of projects.

Amendment 28 #

Proposal for a regulation
Recital 13

(13) In order to ensure that all Member States are granted the possibility to benefit from the grant component, a mechanism should be set up to establish earmarked national shares to be respected during a first stage, based on the distribution key proposed in the Just Transition Fund Regulation. The needs of less developed regions as referred to in Article [102(2)] of Regulation .../... [new CPR] should be taken into account. However, in order to reconcile that objective with the need to optimise the economic impact of the Facility and its implementation, such national allocations should not be earmarked after 31 December 2024. Thereafter, the remaining resources available for the grant component should be provided without any pre-allocated national share and on a competitive basis at Union level, while ensuring predictability for investment ~~and~~, following a needs-based a~~nd regional convergence approach~~pproach and promoting economic, social and territorial cohesion.

Amendment 29 #

Proposal for a regulation
Recital 13

Amendment 3 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199, drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide support and means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation leading to depopulation of the regions affected. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 30 #

Proposal for a regulation
Recital 13

Amendment 31 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Mauri PEKKARINEN

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the projectt criteria established by Regulation (EU) … /... of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment], the ability of the project to meet the objectives and development needs described in the territorial just transition plans, the contribution to the achievement of the Union’s 2030 climate and energy targets, and climate neutrality by 2050, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. The Commission should ensure that gender equality and the integration of gender perspective are taken into account and promoted in the work programme. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 32 #

Proposal for a regulation
Recital 14

Amendment 33 #

Amendment 34 #

Proposal for a regulation
Recital 14

Amendment 35 #

Proposal for a regulation
Recital 16

(16) Since the grant component should reflect the divergent development needs of regions across Member States, and the committment of each Member State to reducing greenhouse gases, such support should be modulated. Taking into account that public sector entities in less developed regions, as defined in Article 102(2) of Regulation [new CPR], generally experience lower public investment capacity, the grant rates applied to loans provided to such entities should be comparatively higher.

Amendment 36 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Ondřej KNOTEK, Mauri PEKKARINEN, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

(16) Since the grant component should reflect the divergent development needs of regions across Member States, such support should be modulated. Taking into account that public sector entities in less developed regions, as defined in Article 102(2) of Regulation [new CPR], in the outermost regions, as defined in Article 349 TFEU, and in rural, sparsely populated and depopulated areas generally experience lower public investment capacity, the grant rates applied to loans provided to such entities should be comparatively higher.

Amendment 37 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 18

(18) In order to speed up implementation and ensure that resources are used in a timely fashion, this Regulation should lay down specific safeguards to be included in the grant agreements. In view of that objective, the Commission, in line with the principle of proportionality, should be able to reduce or terminate any Union support in case of serious lack of progress in the implementation of the project. The Commission, after notifying the Member State of the reduction or termination of Union support, should communicate to the Council and the European Parliament the reasons for the reduction or termination. The Financial Regulation lays down rules on the implementation of the Union budget. In order to ensure coherence in the implementation of Union funding programmes, the Financial Regulation should apply to the grant component and to resources for advisory support provided under this Facility.

Amendment 38 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Recital 18

(18) In order to speed up implementation and ensure that resources are used in a timely fashion, this Regulation should lay down specific safeguards to be included in the grant agreements. In view of that objective, the Commission, in line with the principle of proportionality, should be able to reduce or terminate any Union support in case of serious lack of progress in the implementation of the project, or in case of a failure to comply with the established objectives with regard to emissions reductions. The Financial Regulation lays down rules on the implementation of the Union budget. In order to ensure coherence in the implementation of Union funding programmes, the Financial Regulation should apply to the grant component and to resources for advisory support provided under this Facility.

Amendment 39 #

Proposal for a regulation
Recital 19

(19) In accordance with the Financial Regulation and Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council and Council Regulations (Euratom, EC) No 2988/95, (Euratom, EC) No 2185/96 and (EU) 2017/1939, the financial interests of the Union are to be protected through proportionate measures, including the prevention, detection, correction and investigation of irregularities, including fraud, the recovery of funds lost, wrongly paid or incorrectly used, and, where appropriate, the imposition of administrative penalties. In particular, in accordance with Regulations (Euratom, EC) No 2185/96 and (EU, Euratom) No 883/2013, the European Anti-Fraud Office (OLAF) may carry out administrative investigations, including on-the-spot checks and inspections, with a view to establishing whether there has been fraud, corruption or any other illegal activity affecting the financial interests of the Union. In accordance with Regulation (EU) 2017/1939, the European Public Prosecutor's Office (EPPO) may investigate and prosecute offences against the financial interests of the Union, as provided for in Directive (EU) 2017/1371 of the European Parliament and of the Council. In accordance with the Financial Regulation, any person or entity receiving Union funds is to fully cooperate in the protection of the financial interests of the Union, grant the necessary rights and access to the Commission, and OLAF, ~~the EPPO~~ in respect of those Member States participating in enhanced cooperation pursuant to Regulation (EU) 2017/1939, and the European Court of Auditors (ECA), and ensure that any third parties involved in the implementation of Union funds grant equivalent rights.

Amendment 4 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Ondřej KNOTEK, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve the Union's 2030 climate and energy targets, and climate neutrality ~~in the Union~~ by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 40 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Recital 19

(19) In accordance with the Financial Regulation and Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council and Council Regulations (Euratom, EC) No 2988/95, (Euratom, EC) No 2185/96 and (EU) 2017/1939, the financial interests of the Union are to be protected through proportionate measures, including the prevention, detection, correction and investigation of irregularities, including fraud, the recovery of funds lost, wrongly paid or incorrectly used, and, where appropriate, the imposition of administrative penalties. Any irregularities identified should be communicated to the Council and the European Parliament. In particular, in accordance with Regulations (Euratom, EC) No 2185/96 and (EU, Euratom) No 883/2013, the European Anti- Fraud Office (OLAF) may carry out administrative investigations, including on- the-spot checks and inspections, with a view to establishing whether there has been fraud, corruption or any other illegal activity affecting the financial interests of the Union. In accordance with Regulation (EU) 2017/1939, the European Public Prosecutor's Office (EPPO) may investigate and prosecute offences against the financial interests of the Union, as provided for in Directive (EU) 2017/1371 of the European Parliament and of the Council. In accordance with the Financial Regulation, any person or entity receiving Union funds is to fully cooperate in the protection of the financial interests of the Union, grant the necessary rights and access to the Commission, OLAF, the EPPO in respect of those Member States participating in enhanced cooperation pursuant to Regulation (EU) 2017/1939, and the European Court of Auditors (ECA), and ensure that any third parties involved in the implementation of Union funds grant equivalent rights.

Amendment 41 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Recital 20

(20) In order to supplement and amend certain non-essential elements of this Regulation, the power to adopt acts in accordance with Article 290 TFEU should be delegated to the Commission in respect of delegating further certain implementation tasks to executive agencies as well as of the amendment of the elements contained in Annex II of this Regulation regarding the key performance indicators. It is of particular importance that the Commission can carry out appropriate consultations during its preparatory work, including at expert level, and that those consultations be conducted in accordance with the principles laid down in the Inter- institutional Agreement of 13 April 2016 on Better Law-Making. In particular, to ensure equal participation in the preparation of delegated acts, the European Parliament and the Council receive all documents at the same time as Member States' experts, and their experts systematically have access to meetings of Commission expert groups dealing with the preparation of delegated acts.deleted

Amendment 42 #

Proposal for a regulation
Recital 21

(21) In order to set out an appropriate financial framework for the grant component of this Facility until 31 December 2024, implementing powers should be ~~conferr~~delegated ton the Commission to set out the available national allocations expressed as shares of the overall financial envelope of the Facility for each Member State in accordance with the methodology set out in Annex I of Regulation [the JTF Regulation]. The implementing powers should be conferred without comitology procedures given that the shares derive directly from the application of a pre- defined calculation methodology.

Amendment 43 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Recital 21

(21) In order to set out an appropriate financial framework for the grant component of this Facility until 31 December 2024, implementing powers should be conferred on the Commission to set out the available national allocations expressed as shares of the overall financial envelope of the Facility for each Member State in accordance with the methodology set out in Annex I of Regulation [the JTF Regulation]. ~~The implementing powers should be conferred without comitology procedures given that the shares derive directly from the application of a pre- defined calculation methodology.~~

Amendment 44 #

Proposal for a regulation
Recital 21

Amendment 45 #

Proposal for a regulation
Recital 21

(21) In order to set out an appropriate financial framework for the grant component of this Facility until 31 December 20245, implementing powers should be conferred on the Commission to set out the available national allocations expressed as shares of the overall financial envelope of the Facility for each Member State in accordance with the methodology set out in Annex I of Regulation [the JTF Regulation]. The implementing powers should be conferred without comitology procedures given that the shares derive directly from the application of a pre- defined calculation methodology.

Amendment 46 #

Proposal for a regulation
Article 1 – paragraph 2

Amendment 47 #

Francesca DONATO, Alessandro PANZA, Vincenzo SOFO, Rosanna CONTE, Stefania ZAMBELLI

Proposal for a regulation
Article 1 – paragraph 2

Amendment 48 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Ondřej KNOTEK, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 1 – paragraph 2

Amendment 49 #

Proposal for a regulation
Article 1 – paragraph 2

Amendment 5 #

Elżbieta KRUK, Krzysztof JURGIEL, Andżelika Anna MOŻDŻANOWSKA, Izabela-Helena KLOC, Raffaele FITTO

Proposal for a regulation
Recital 1

Amendment 50 #

Proposal for a regulation
Article 2 – paragraph 1 – point 2

2. 'beneficiary' means a public sector legal entity established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, – including entrepreneurs acting as private partners in public-private partnership (PPP) arrangements – and with whom a grant agreement has been signed under the Facility;

Amendment 51 #

Proposal for a regulation
Article 2 – paragraph 1 – point 2

2. 'beneficiary' means a public sector legal entity established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, or private entity cooperating with public sector entity under public-private partnership agreement, with whom a grant agreement has been signed under the Facility;

Amendment 52 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Ondřej KNOTEK, Mauri PEKKARINEN, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 2 – paragraph 1 – point 5

5. 'territorial just transition plan' means a plan established in accordance with Article 7 of Regulation [JTF Regulation], together with the relevant local and regional authorities of the territories concerned and in accordance with the partnership principle laid down in Article 6 of Regulation (EU) … /… [new CPR], and approved by the Commission;

Amendment 53 #

Proposal for a regulation
Article 2 – paragraph 1 – point 5

5. 'territorial just transition plan' means a plan established together with relevant local and regional authorities and stakeholders of the territory concerned in accordance with Article 7 of Regulation [JTF Regulation] and approved by the Commission;

Amendment 54 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Ondřej KNOTEK, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 3 – paragraph 1

Amendment 55 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic and environmental challenges deriving from the transition process towards the achievement of the Union’s 2030 targets for energy and climate, and a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in keeping with the partnership principle in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 56 #

Proposal for a regulation
Article 3 – paragraph 1

Amendment 57 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the progressive transition process towards a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 58 #

Proposal for a regulation
Article 3 – paragraph 2

2. The Facility shall have the specific objective of increasing public sector investments, which address the development needs of regions identified in the territorial just transition plans, by facilitating the financing of projects that do not generate a sufficient stream of own revenues and would not be financed without the element of grant support from the Union budget. Special attention shall be placed on less developed regions as referred to in Article [102(2)] of Regulation .../... [new CPR].

Amendment 59 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 6 #

Proposal for a regulation
Recital 2

Amendment 60 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 61 #

Proposal for a regulation
Article 3 – paragraph 2 a (new)

2 a. The Facility shall also promote the transition towards an economy which is climate neutral, environmentally sustainable and economically and socially just, and which guarantees social cohesion between territories of the Union.

Amendment 62 #

Proposal for a regulation
Article 3 – paragraph 3

3. In pursuing the achievement of the specific objective referred to in paragraph 2, this Regulation also aims at providing advisory and expert support for the preparation, development, and implementation of eligible projects where necessary. That advisory support shall be provided in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation].

Amendment 63 #

Proposal for a regulation
Article 3 – paragraph 3

3. In pursuing the achievement of the specific objectives referred to in paragraphs 2 and 2 a, this Regulation also aims at providing advisory support for the preparation, development, and implementation of eligible projects where necessary. That advisory support shall be provided in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation].

Amendment 64 #

Proposal for a regulation
Article 4 – paragraph 5

5. An amount up to 2% of the resources referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the Facility such as preparatory, monitoring, control, audit and evaluation activities including corporate information and technology systems, communications and increased investor visibility, as well as administrative expenditure and fees of the finance partners.

Amendment 65 #

Proposal for a regulation
Article 4 – paragraph 5

5. An amount up to 2% of the resources referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the Facility such as preparatory, monitoring, control, audit, information, communication, publicity and evaluation activities including corporate information and technology systems, as well as administrative expenditure ~~and fees~~ of the finance partners.

Amendment 66 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 4 a (new)

Article 4 a Access to the resources 1. Access to the Facility shall be conditional on the adoption of a national objective towards the achievement of climate neutrality by 2050. For those Member States, which have not yet committed to a national target for climate neutrality, only 50% of their national allocation shall be released, while the remaining 50% shall be made available once they have adopted that target. 2. Access to the Facility shall be conditional to the respect for the rule of law, which is an essential precondition for sound financial management and effective EU funding, as well as the respect for human rights, including the rights of the minorities such as LGBTI rights, which are undermined in several Member States as a consequence of the creation of LGBTI free zones. The Commission shall reject applications from local authorities that have adopted "LGBT-free" declarations.

Amendment 67 #

Proposal for a regulation
Article 5 – paragraph 2

~~2. Union support provided under the Facility shall be implemented in direct management in accordance with the Financial Regulation.~~deleted

Amendment 68 #

Proposal for a regulation
Article 6 – paragraph 2

2. For grants awarded pursuant to calls for proposals launched no later than 31 December 20247, Union support awarded to eligible projects in a Member State shall not exceed the national shares set out in the decision to be adopted by the Commission pursuant to paragraph 4.

Amendment 69 #

Proposal for a regulation
Article 6 – paragraph 2

2. For grants awarded pursuant to calls for proposals launched no later than 31 December 20245, Union support awarded to eligible projects in a Member State shall not exceed the national shares set out in the decision to be adopted by the Commission pursuant to paragraph 4.

Amendment 7 #

Proposal for a regulation
Recital 3

Amendment 70 #

Proposal for a regulation
Article 6 – paragraph 3

Amendment 71 #

Proposal for a regulation
Article 6 – paragraph 3

Amendment 72 #

Proposal for a regulation
Article 6 – paragraph 3

3. For grants awarded pursuant to calls for proposals launched as from 1 January 20256, Union support awarded to eligible projects shall be provided without any pre-allocated national share and on a competitive basis at Union level until exhaustion of remaining resources. The award of such grants shall take into account the need to ensure predictability of investment and the promotion of regional convergence.

Amendment 73 #

Proposal for a regulation
Article 6 – paragraph 3

Amendment 74 #

Proposal for a regulation
Article 6 – paragraph 4

Amendment 75 #

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of a~~n implementing~~ delegated act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the total available resources.

Amendment 76 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall ~~adopt a decision by means of an implementing act~~be empowered to adopt a delegated act in accordance with Article 17 setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the total available resources.

Amendment 77 #

Proposal for a regulation
Article 8 – paragraph 1 – introductory part

Only projects contributing directly to the objectives referred to in Article 3 and fulfilling all the conditions set out below shall be eligible for Union support under the Facility:

Amendment 78 #

Proposal for a regulation
Article 8 – paragraph 1 – introductory part

Only projects contributing to the objectives referred to in Article 3 and fulfilling ~~all~~some of the conditions set out below shall be eligible for Union support under the Facility:

Amendment 79 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Ondřej KNOTEK, Mauri PEKKARINEN, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral economy, contribute to achieve the Union’s 2030 climate and energy targets, and climate neutrality by 2050, and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 8 #

Proposal for a regulation
Recital 3

Amendment 80 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic, demographic or environmental challenges deriving from the transition process towards a climate-neutral economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 81 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral economy by 2040 and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 82 #

Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)

(a a) the projects are environmentally sustainable in accordance with the criteria established in [Regulation on establishment of a framework to facilitate sustainable investment];

Amendment 83 #

Elżbieta KRUK, Krzysztof JURGIEL, Andżelika Anna MOŻDŻANOWSKA, Izabela-Helena KLOC

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 84 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 85 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 86 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

(b) the projects do not receive support, or receive insufficient support, under any other Union programmes;

Amendment 87 #

Ondřej KNOTEK, Laurence FARRENG, Cristian GHINEA

Proposal for a regulation
Article 8 – paragraph 1 – point b

(b) the projects ~~do not receive~~complement and have synergetic effects with support under ~~any~~ other Union programmes;

Amendment 88 #

Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)

(b a) the projects aim at revitalization and resocialization of the territories associated with the return of people to the region;

Amendment 89 #

Proposal for a regulation
Article 8 – paragraph 1 – point d a (new)

(d a) the projects guarantee that they will not involve any jobs, capital or production processes being transferred from one Member State to another.

Amendment 9 #

Proposal for a regulation
Recital 3

Amendment 90 #

Elżbieta KRUK, Krzysztof JURGIEL, Andżelika Anna MOŻDŻANOWSKA, Izabela-Helena KLOC

Proposal for a regulation
Article 8 – paragraph 1 a (new)

The Facility shall not support investment related to the production, processing, distribution, transport, storage or combustion of fossil fuels.

Amendment 91 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH

Proposal for a regulation
Article 8 – paragraph 1 a (new)

The Facility shall not support activities excluded under Article [5] of Regulation (EU) … /... [JTF Regulation].

Amendment 92 #

Proposal for a regulation
Article 9 – paragraph 1

Notwithstanding the criteria set out in Article 197 of the Financial Regulation, only public sector legal entities established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, – including entrepreneurs acting as private partners in public-private partnership (PPP) arrangements – are eligible to apply as potential beneficiaries under this Regulation.

Amendment 93 #

Elżbieta KRUK, Krzysztof JURGIEL, Andżelika Anna MOŻDŻANOWSKA, Izabela-Helena KLOC

Proposal for a regulation
Article 10 – paragraph 2

2. The amount of the grant shall not exceed 15% of the amount of the loan provided by the finance partner under this Facility. For projects located in territories in NUTS level 2 regions as established by Regulation (EC) No 1059/2003 of the European Parliament and of the Council with a GDP per capita not exceeding 75% of the average GDP of the EU-27 as referred to in Article [102(2)] of Regulation [new CPR], the amount of the grant shall not exceed 230% of the amount of the loan provided by the finance partner.

Amendment 94 #

Irène TOLLERET, Stéphane BIJOUX, Laurence FARRENG, Sandro GOZI, Katalin CSEH, Cristian GHINEA, Vlad-Marius BOTOŞ, Susana SOLÍS PÉREZ

Proposal for a regulation
Article 10 – paragraph 2

Amendment 95 #

Proposal for a regulation
Article 10 – paragraph 2

Amendment 96 #

Proposal for a regulation
Article 10 – paragraph 2

2. The amount of the grant shall not exceed 15% of the amount of the loan provided by the finance partner under this Facility. For projects located in territories in NUTS level 21, 2 or 3 regions with a GDP per capita not exceeding 75% of the average GDP of the EU-27 as referred to in Article [102(2)] of Regulation [new CPR], the amount of the grant shall not exceed 20% of the amount of the loan provided by the finance partner.

Amendment 97 #

Proposal for a regulation
Article 10 – paragraph 2

Amendment 98 #

Proposal for a regulation
Article 10 – paragraph 2

Amendment 99 #

Proposal for a regulation
Article 11 – paragraph 1

source: 655.979

2020/09/03 ITRE 366 amendments...

Amendment 100 #

Proposal for a regulation
Article 11 – paragraph 2

2. When Union support is combined with loan schemes and when supply, works or services contracts are not envisaged, paragraph 1 shall not apply. In such cases and after consulting the finance partner, the amount of the grant may be reduced or the grant agreement may be terminated, and any related amounts paid may be recovered, in accordance with the conditions set out in the grant agreement.deleted

Amendment 100 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria, which may include relevant criteria out of those established by Regulation (EU) .../... of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment], should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objectives of promoting regional and territorial convergence and addressing the economic and social costs of the transition to a climate neutral economy in the Union by 2050, while ensuring that no one is left behind, and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 101 #

Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 1

In such cases and after consulting the finance partner, the amount of the grant may be reduced or the grant agreement may be terminated, and any related amounts paid may be recovered, in accordance with the conditions set out in the grant agreementy related amounts paid after reduction, suspension or termination by the Commission shall be recovered, without undue delay.

Amendment 101 #

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria, in case demand exceeds funding resources under national allocations, should be set out in the work programme and the call for proposals. Those eligibility conditions and ~~award~~prioritisation criteria should take into account the relevan~~ce of the project in the context of the development needs described in the territorial just transition plans~~t criteria established by Regulation (EU)…/… of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment] the ability of the project to meet the objectives and the development needs described in the territorial just transition plans, the contribution to the climate transition, the cost effectiveness of the project, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 102 #

Proposal for a regulation
Article 12 – paragraph 1

1. Advisory support under this Regulation shall be implemented in indirect management, in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation] and shall not be subject to national pre-allocations.

Amendment 102 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should take into account the relevan~~ce of the project in the context of the development needs described in the territorial just transition plan~~t criteria established by EU Taxonomy for Sustainable Investment, the ability of the project to meet the objectives and development needs described in the territorial just transition plans, the contribution to the climate transition, the adoption by the public sector entity requesting support of a phase-out plan for all fossil fuels in a timeframe compatible with the Paris Agreement goals, the overall objective of promoting ~~region~~economic, social and territorial co~~nvergence~~hesion and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 103 #

Proposal for a regulation
Article 13 – paragraph 1

The ~~Facility shall be implemented by work programmes established in accordance with Article 110 of the Financial~~Commission shall adopt delegated acts in accordance with Article 17 in order to establish work programmes in accordance with Article 110 of the Financial Regulation. The work programmes shall specify the criteria and eligibility conditions for the selection of projects and for their prioritisation. Those criteria shall take into account the project’s contribution to the objectives and needs identified in the territorial just transition plans as well as the contribution to the EU climate and energy 2030 targets and the objective of climate neutrality as well as relevant criteria laid down by [Taxonomy Regulation]. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this Regulation.

Amendment 103 #

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria, which may include relevant criteria established by Regulation (EU)… (Regulation on establishment of a framework to facilitate sustainable investment), should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should take into account the ~~relevance~~ability of the project ~~in the context of the~~to meet the objectives and development needs described in the territorial just transition plans, the contribution to ensuring the climate transition is achieved in a manner leaving no one behind, the overall objective of promoting regional and territorial convergence and the ~~significanc~~role of the grant component for the viaffordability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 104 #

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by annual work programmes established in accordance with Article 110 of the Financial Regulation. The work programmes shall ~~set out the national shares of resources, including any additional resources, for each Member Sta~~be adopted by the Commission by means of an delegated act. Those delegated acts shall be adopted in accordance ~~with~~ Article~~s 4(1) and 6(2)~~ 17 of this Regulation. The work programmes shall set out calls for proposals including the possibility for commitment of all national shares till 31 December 2024.

Amendment 104 #

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should include adherence to the EU Taxonomy and the Do No Significant Harm principle, take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 105 #

Proposal for a regulation
Article 13 a (new)

Article 13 a Selection of finance partners other than the EIB The Commission shall set out the conditions and procedures for selecting finance partners other than EIB in an implementing act in accordance with the procedure referred to in Article 5 of Regulation (EU) No182/2011. The eligibility conditions for selecting the finance partners other than the EIB shall reflect the objectives of the Facility. In particular, when selecting the finance partners, the Commission shall take into account the capacity of finance partners: (a) to maximise the impact of the EU guarantee through own resources; (b) to ensure appropriate geographical diversification of the Facility and allow for the financing of smaller projects; (c) to implement thoroughly the requirements of Articles155(2) and 155(3) of the Financial Regulation related to tax avoidance, tax fraud, tax evasion, money laundering, terrorism financing and non- cooperative jurisdictions; (d) to ensure transparency and public access to information concerning each project; (e) to ensure the consistency of their lending policy with the Union 2030 climate and energy targets and the climate neutrality objective; (f) to integrate the analysis of environmental, climate, social and governance factors in the selection and evaluation of projects; The Commission shall publish the selection results.

Amendment 105 #

Proposal for a regulation
Recital 14

Amendment 106 #

Proposal for a regulation
Article 14 – paragraph 2 a (new)

2 a. The projects financed under this Facility shall be subject to climate, environmental and social sustainability proofing and tracking, with a view to minimise detrimental impacts and maximise benefits on climate, environment and social dimension, in line with EU climate objectives. For that purpose, entities 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 106 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Recital 14

Amendment 107 #

Proposal for a regulation
Article 14 a (new)

Article 14 a Transparency 1. Beneficiaries shall ensure, for the benefit of the general public, maximum transparency concerning the actions and financial flows under this instrument, including the online disclosure of the financial beneficiaries in a machine- readable format; 2. Beneficiaries shall, in line with Directive (EU) 2019/1024 on open data and the re-use of public sector information, publish all relevant information concerning their projects in a standardised and comparable open and machine readable format on an official publicly available register, including but not only: project proposals, declaration on non-conflict of interest, meeting minutes, impact assessments, contracts, evaluation and audit reports, as well as all public procurements shall be published on the EU Open Data Portal; 3. All the published data should be available indefinitely. Institutions of the Union and the Member States should offer cooperation in logistical measures to keep all these data available to the general public even after the beneficiary ceases to exist.

Amendment 107 #

Proposal for a regulation
Recital 14 a (new)

(14 a) To protect the Union budget and honour the Union's values, Member States should uphold the Rule of Law and a generalised rule of law deficiency could be subject to the suspension of payments and commitments, reduced funding and a prohibition on concluding new commitments in accordance with the EU regulation of the European Parliament and of the Council on the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States.

Amendment 108 #

Proposal for a regulation
Article 15 – paragraph 2

Amendment 108 #

Proposal for a regulation
Recital 14 a (new)

(14 a) On an ad-hoc basis, the Facility support should be given to regions undergoing an unforeseen business crisis resulting from actions to address climate change, to allow for an adeuqate response to cisis situations that may arise in the context of the transition. This is to ensure, that regions may receive support, even if they are not pre-labeled as impacted regions.

Amendment 109 #

Proposal for a regulation
Article 15 – paragraph 2

Amendment 109 #

Valérie HAYER, Ivars IJABS

Proposal for a regulation
Recital 15

(15) Support under this Facility should only be provided to projects that address the economic and social costs of the transition to a climate neutral economy in the Union by 2050 and that do not generate a sufficient stream of own revenues ~~that~~and would ~~allow them to be financially viable and to be financed solely by loans provided on market terms~~not secure project funding to the same extent or within the same timeline without the element of grant support from the Union budget. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.

Amendment 110 #

Proposal for a regulation
Article 15 – paragraph 2 a (new)

2 a. The evaluation shall also analyse how the Union support provided under the Facility has contributed to meeting the EU sustainability policy objectives, in particular the Union’s 2030targets for climate and energy and the transition towards a climate-neutral economy in the Union by 2050.

Amendment 110 #

Proposal for a regulation
Recital 15

(15) Support under this Facility should only be provided to projects that do not generate a sufficient stream of own revenues that would allow them to be financially viable and to be financed solely by loans provided on market terms and that could, consequently, not be realised without the financial Union support under this Facility. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.

Amendment 111 #

Proposal for a regulation
Article 16 – paragraph 1

1. Audits on the use of the Union support provided under the Facility carried out by ~~persons or entities, including by other than~~the European Court of Auditors in accordance with Article 287 TFEU. In addition to those mandat~~ed by the Union Institutions or bodies, shall form the basis of the overall assurance pursuant to Article 127 of the Financial R~~ory yearly audit report, the European Court of Auditors shall issue a Special Report on the implementation of this Facility [... years] after the entry into force of this regulation.

Amendment 111 #

Proposal for a regulation
Recital 15

(15) Support under this Facility should only be provided to projects that do not generate a sufficient stream of own revenues that would allow them to be financially viable on the basis of an average determined by two independent audit firms and to be financed solely by loans provided on market terms. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.

Amendment 112 #

Proposal for a regulation
Article 16 – paragraph 2

2. The finance partners and the beneficiaries shall provide to the Commission, the European Court of Auditors and any other designated auditors all available documents and information that are necessary for both these authorities to carry out their obligations.

Amendment 112 #

Proposal for a regulation
Recital 15

(15) Support under this Facility should only be provided to projects that adhere to the EU Taxonomy and the Do No Significant Harm principle, and do not generate a sufficient stream of own revenues that would allow them to be financially viable and to be financed solely by loans provided on market terms. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.

Amendment 113 #

Proposal for a regulation
Article 18 – paragraph -1 (new)

-1. Finance partners shall disclose all relevant information, including the final beneficiaries, on each project financed and made this information publicly available on their website.

Amendment 113 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER

Proposal for a regulation
Recital 15 a (new)

(15 a) Projects supported under this Facility should aim to be financially viable throughout the lifetime of the project. The Commission, in cooperation with beneficiaries and finance partners, should monitor the financial viability of projects under this Facility on an ongoing basis.

Amendment 114 #

Proposal for a regulation
Article 18 – paragraph 1 a (new)

1 a. The Commission shall make publicly available upon delivery any opinions issued on the projects selected/financed under this Facility in accordance with the procedure provided for in Article 19 of the Statute of the EIB.

Amendment 114 #

Proposal for a regulation
Recital 16

Amendment 115 #

Proposal for a regulation
Annex I – point A – indent 5

— Connecting Europe Facility (CEF): Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p. 129) as modified by Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments (OJ L 169, 1.7.2015, p. 1).deleted

Amendment 115 #

Proposal for a regulation
Recital 16

(16) Since the grant component should reflect the divergent development needs of regions across Member States, such support should be ~~modulated~~prioritised in those regions. Taking into account that public sector entities in less developed regions, as defined in Article 102(2) of Regulation [new CPR], generally experience lower public investment capacity, the grant rates applied to loans provided to such entities should be comparatively higher.

Amendment 116 #

Proposal for a regulation
Annex I – point C – indent 4

— Connecting Europe Facility Debt Instrument (CEF DI): Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010 (OJ L 348, 20.12.2013, p. 129).deleted

Amendment 116 #

Proposal for a regulation
Recital 17

(17) In order to ensure an effective implementation of the Facility, it may be necessary to provide advisory support for the preparation, development, and implementation of projects, particularly regarding sustainability and adherence to the EU Taxonomy. . This support should be provided through the InvestEU Advisory Hub.

Amendment 117 #

Proposal for a regulation
Annex II – point 7

7. Greenhouse gas emission reduced, where feasible for calculation

Amendment 117 #

Clotilde ARMAND, Olivier CHASTEL, Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Recital 17

(17) In order to ensure an effective implementation of the Facility, it may be necessary to provide advisory support for the preparation, development, and implementation of projects. This support should be provided through the InvestEU Advisory Hub and financed from resources from the EU budget.

Amendment 118 #

Proposal for a regulation
Annex II – point 7 a (new)

7 a. Number of saved jobs

Amendment 118 #

Proposal for a regulation
Recital 18 a (new)

(18 a) Since the efficiency of this Facility depends on the administrative capacities of the beneficiaries, the Commission shall ensure that projects are accompanied by modernisation and digitalisation efforts in public administration and community service delivery enhancing innovation where necessary, i.a. through cohesion policy instruments.

Amendment 119 #

Proposal for a regulation
Annex II – point 7 b (new)

7 b. Number of new created jobs

Amendment 119 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 19

(19) In accordance with the Financial Regulation and Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council and Council Regulations (Euratom, EC) No 2988/95, (Euratom, EC) No 2185/96 and (EU) 2017/1939, the financial interests of the Union are to be protected through proportionate measures, including the prevention, detection, correction and investigation of irregularities, including fraud, the recovery of funds lost, wrongly paid or incorrectly used, and, where appropriate, the imposition of administrative penalties. In particular, in accordance with Regulations (Euratom, EC) No 2185/96 and (EU, Euratom) No 883/2013, the European Anti-Fraud Office (OLAF) may carry out administrative investigations, including on-the-spot checks and inspections, with a view to establishing whether there has been fraud, corruption or any other illegal activity affecting the financial interests of the Union. In accordance with Regulation (EU) 2017/1939, the European Public Prosecutor's Office (EPPO) may investigate and prosecute offences against the financial interests of the Union, as provided for in Directive (EU) 2017/1371 of the European Parliament and of the Council. In accordance with the Financial Regulation, any person or entity receiving Union funds is to fully cooperate in the protection of the financial interests of the Union, grant the necessary rights and access to the Commission, OLAF, the EPPO in respect of those Member States participating in enhanced cooperation pursuant to Regulation (EU) 2017/1939, and the European Court of Auditors (ECA), and ensure that any third parties involved in the implementation of Union funds grant equivalent rights. For any grant exceeding the sum of EUR 5 000 000, a biannual check on the use of European funds must be conducted by an auditor of the European Court of Auditors on the basis of documents and on-the-spot checks, which shall be the basis for the final discharge for the management of the funds.

Amendment 120 #

Proposal for a regulation
Annex II – point 7 c (new)

7 c. The effect to the supported territory GDP

Amendment 120 #

Proposal for a regulation
Recital 19 a (new)

(19 a) Financial support through the Facility should not be granted to companies registered in the countries placed on the EU list of non-cooperative jurisdictions for tax purposes, unless they prove they have a legitimate business activity there.

Amendment 121 #

Proposal for a regulation
Recital 20

Amendment 122 #

Proposal for a regulation
Recital 21

(21) In order to set out an appropriate financial framework for the grant component of this Facility until 31 December 2024, implementing powers should be conferred on the Commission to set out the available national allocations expressed as shares of the overall financial envelope of the Facility for each Member State in accordance with the methodology set out in Annex I of Regulation [the JTF Regulation]. The implementing powers should be conferred without comitology procedures given that the shares derive directly from the application of a pre-defined calculation methodology.deleted

Amendment 123 #

Proposal for a regulation
Recital 21

(21) In order to set out an appropriate financial framework for the grant component of this Facility until ~~31 December 2024, implementing powers~~after the Multiannual Financial Framework (MFF) 2021-2027, the power to adopt acts in accordance with Article 290 TFEU should be ~~conferr~~delegated ton the Commission to set out the available national allocations expressed as shares of the overall financial envelope of the Facility for each Member State in accordance with the methodology set out in Annex I of Regulation [the JTF Regulation]. The implementing powers should be conferred without comitology procedures given that the shares derive directly from the application of a pre- defined calculation methodology.

Amendment 124 #

Proposal for a regulation
Recital 21 a (new)

(21 a) The Commission should report annually to the European Parliament and Council on the implementation, impact and activities of the Public Sector Loan Facility in order to provide proper democratic accountability.

Amendment 125 #

Proposal for a regulation
Recital 22

(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality, including former mining areas and peripheral regions, by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by climate transition, without EU grant support and the need for a coherent implementation framework under direct management. Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality ~~as set out in that Article~~, this Regulation does not go beyond what is necessary in order to achieve that objective,.

Amendment 126 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Recital 22

(22) The objective of this Regulation~~, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality by addressing the corre~~ is to sustain the unsustainable high public spoending ~~development needs, cannot be sufficiently achieved by the Member States alone~~culture in the EU. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by climate transition, without EU grant support and the need for a coherent implementation framework under direct management. ~~Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU.~~ In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is supposedly necessary in order to achieve that objective,

Amendment 127 #

Proposal for a regulation
Recital 22

(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by ~~clima~~the transition~~, without EU grant support~~ towards a climate-neutral economy, due to the EU's restrictive economic and budgetary policies and the need for a coherent implementation framework under direct management. Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective,

Amendment 128 #

Proposal for a regulation
Recital 22

(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality and circular economy by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by climate transition, without EU grant support and the need for a coherent implementation framework under direct management. Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective,

Amendment 129 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Recital 22

(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to solely support investments~~, which do not generate sufficient streams of own revenues and~~ that benefit the territories most negatively impacted by climate transition, and which do not generate sufficient streams of own revenues without EU grant support and the need for a coherent implementation framework under direct management. Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective,

Amendment 130 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards ~~a climate-~~the Union's 2030 targets for climate and energy, as established in Regulation (EU)…/… of the European Parliament and the Council [establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999 (European Climate Law)], and a climate- and carbon neutral economy ofin the Union by 2050.

Amendment 131 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral and circular economy of the Union by 2050 at the latest, in line with the EU Taxonomy and in adherence to the Do No Significant Harm principle. No finance should go to activities that significantly harm the environmental objectives laid out in EU Taxonomy.

Amendment 132 #

Erik BERGKVIST

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral economy of the Union by 2050. Only Member States that are committed to achieving the EU 2050 climate neutrality target and adhere to the fundamental values of the Union such as the rule of law may benefit from the Facility.

Amendment 133 #

Jonás FERNÁNDEZ

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories identified in the territorial just transition plans prepared by Member States in accordance with Article 7 of Regulation[JTF Regulation], facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral economy of the Union by 2050.

Amendment 134 #

Proposal for a regulation
Article 1 – paragraph 2

Amendment 135 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories ~~facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral economy of the Union by 2050~~as defined by Article 7 of Regulation [JTF Regulation].

Amendment 136 #

Alfred SANT

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental, educational, technical, geographical and economic challenges deriving from the transition process towards a climate-neutral economy of the Union by 2050.

Amendment 137 #

Proposal for a regulation
Article 1 – paragraph 2

Amendment 138 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental, territorial and economic challenges deriving from the transition process towards a climate-neutral economy of the Union by 2050.

Amendment 139 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious ~~social, environmental and economic~~ challenges deriving from the transition process towards a ~~climate-neutral~~ more sustainable economy of the Union ~~by 2050~~.

Amendment 140 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article premier – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges ~~deriving from the transition process towards a climate-neutral economy of the Union by 2050~~, including former mining areas and peripheral regions, such as islands.

Amendment 141 #

Proposal for a regulation
Article 1 – paragraph 2 a (new)

Only Member States that are committed to achieving the EU 2050 climate neutrality target and adhere to the fundamental values of the Union, including the rule of law principle, may benefit from the Facility. Respect for the rule of law is an essential precondition for sound financial management and effective EU funding.

Amendment 142 #

2. 'beneficiary' means a public sector legal entity established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, or a state-owned enterprise, a local or regional authority owned enterprise, with whom a grant agreement has been signed under the Facility;

Amendment 143 #

Clotilde ARMAND, Olivier CHASTEL, Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Article 2 – paragraph 1 – point 3

3. 'finance partners' means the EIB, other international financial institutions, including private financial institutions, national promotional banks and financial institutions, with which the Commission signs an administrative agreement to cooperate within the Facility;

Amendment 144 #

Proposal for a regulation
Article 2 – paragraph 1 – point 4

4. 'project' means any action identified by the Commission as eligible, financially and technically independent, which has a pre-defined objective and a set period during which it must be implemented and finalised; projects that have already started, but could not be completed as a result of lacking financial resources, can also be eligible under this facility;

Amendment 145 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER

Proposal for a regulation
Article 2 – paragraph 1 – point 5

Amendment 146 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 2 – paragraph 1 – point 5

5. 'territorial just transition plan' means a plan established in accordance with Article 7 of Regulation [JTF Regulation] prepared by the Member States, together with the relevant local and regional authorities and stakeholders after meaningful consultation of the territories concerned and approved by the Commission;

Amendment 147 #

Proposal for a regulation
Article 2 – paragraph 1 – point 5

5. 'territorial just transition plan' means a plan established in accordance with Article 7 of Regulation [JTF Regulation], prepared by relevant local and regional authorities and consulted with social partners, regional civil society and the private sector representatives, and approved by the Commission;

Amendment 148 #

Proposal for a regulation
Article 2 – paragraph 1 – point 5

Amendment 149 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 2 – paragraph 1 – point 5 a (new)

5 a. The 'do no harm' principle means refraining from inflicting 'significant harm to environmental objectives' as defined in Article 17 of the Regulation (EU) 2020/852 [Taxonomy Regulation];

Amendment 150 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. 'additionality' means the support for projects that do not generate a sufficient stream of own resources to cover investment costs, and would thus not otherwise materialise in the same timeframe, and that contribute to the general objectives laid down in Article 3.

Amendment 151 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. Transitional plan means achieving climate neutrality and other sustainability targets, in line with EU Taxonomy and the Do No Significant Harm principle. The progress should be measured by harmonised sustainability indicators, time-bound and science-based targets.

Amendment 152 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. 'additionality’ means the support for projects that do not generate a sufficient stream of own revenues to cover investment costs and that contribute to the general objectives laid down in Article 3.

Amendment 153 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the transition process towards a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation]. and to contribute to the EU policy objectives, in particular the Union's 2030 targets for climate and energy, as established in Regulation (EU)…/… of the European Parliament and the Council [establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999 (European Climate Law)], the transition towards a climate-neutral economy in the Union by 2050, in line with the Paris Agreement objectives and responding the need to strengthen competitiveness. It should be in line with the Regulation [Regulation on the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States]

Amendment 154 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic and environmental challenges deriving from the transition process towards a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation] and to contribute to the EU policy objectives, in particular the Union’s new 2030 targets for climate and energy and the transition towards a climate-neutral economy in the Union by 2040 or before, in line with the UN Sustainable Development Goals, the Paris Agreement and the European Pillar of Social Rights.

Amendment 155 #

Proposal for a regulation
Article 3 – paragraph 1

Amendment 156 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the transition process towards a climate-neutral economy, while ensuring that no one is left behind as a result of the transition, for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 157 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the transition process towards a climate-neutral economy by 2050 for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 158 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the transition process towards a ~~climate- neutral~~more sustainable economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 159 #

Proposal for a regulation
Article 3 – paragraph 2

2. The Facility shall have the specific objective of increasing public sector investments, which address the development needs of regions identified in the territorial just transition plans, by facilitating the financing of projects that ~~do not generate a sufficient stream of own revenues and would not be financed~~address the economic and social costs of the transition to a climate neutral economy in the Union by 2050 and that do not generate a sufficient stream of own revenues and would not secure project funding to the same extent or within the same timeline without the element of grant support from the Union budget.

Amendment 160 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 161 #

Proposal for a regulation
Article 3 – paragraph 2

2. The Facility shall have the specific objective of i~~ncreasing~~mproving the quality of public sector investments, which address the development needs of regions identified in the territorial just transition plans, by facilitating the financing of projects that dohave sufficiently proven not to generate a sufficient stream of own revenues and would not be financed without the element of grant support from the Union budget.

Amendment 162 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 163 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 164 #

Proposal for a regulation
Article 3 – paragraph 3

3. In pursuing the achievement of the specific objective referred to in paragraph 2, this Regulation also aims at providing advisory support for the preparation, development, and implementation of eligible projects where necessary, including at the project application stage. That advisory support shall be provided in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation].

Amendment 165 #

Proposal for a regulation
Article 3 – paragraph 3

3. In pursuing the achievement of the specific objective referred to in paragraph 2, this Regulation also ~~aims at providing~~enables the provision of advisory support for the preparation, development, and implementation of eligible projects where necessary. That advisory support shall be provided in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation].

Amendment 166 #

Proposal for a regulation
Article 4 – paragraph 1 – introductory part

1. Without prejudice to additional resources allocated in the Union budget for the period 2021-2027, the grant component of support provided under this Facility, including the advisory support for the preparation, development, and implementation of projects, shall be financed from:

Amendment 167 #

Proposal for a regulation
Article 4 – paragraph 1 – point a

(a) resources from the Union budget for an amount of EUR 15250 000 000 in current prices~~, and~~.

Amendment 168 #

(a) resources from the Union budget for an amount of EUR 25300 000 000 in ~~current~~2018 prices, and

Amendment 169 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 4 – paragraph 1 – point b

~~(b) assigned revenue as referred to in paragraph 2 up to a maximum amount of EUR 1 275 000 000 in current prices.~~deleted

Amendment 170 #

Proposal for a regulation
Article 4 – paragraph 1 – point b

(b) assigned revenue as referred to in paragraph 2 up to a maximum amount of EUR ~~1 275~~2 170 000 000 in current prices.

Amendment 171 #

Pedro MARQUES

Proposal for a regulation
Article 4 – paragraph 1 – point b

(b) assigned revenue as referred to in paragraph 2 up to a maximum amount of EUR ~~1 275~~2 550 000 000 in current prices.

Amendment 172 #

Proposal for a regulation
Article 4 – paragraph 1 – point b

(b) assigned revenue as referred to in paragraph 2 up to a maximum amount of EUR 1 275 000 000 in ~~current~~2018 prices.

Amendment 173 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 4 – paragraph 2

2. The resources referred to in paragraph 1(b) shall be provided by repayments stemming from financial instruments established under the programmes listed in Annex I to this Regulation up to a maximum amount of EUR 275 000 000 and from the surplus of the provisioning for the EU guarantee established by the EFSI Regulation up to a maximum amount of EUR 1 000 000 000.deleted

Amendment 174 #

Proposal for a regulation
Article 4 – paragraph 2

2. The resources referred to in paragraph 1(b) shall be provided by repayments stemming from financial instruments established under the programmes listed in Annex I to this Regulation up to a maximum amount of EUR ~~275~~1 000 000 000 and from the surplus of the provisioning for the EU guarantee established by the EFSI Regulation up to a maximum amount of EUR 1 0700 000 000.

Amendment 175 #

Pedro MARQUES

Proposal for a regulation
Article 4 – paragraph 2

2. The resources referred to in paragraph 1(b) shall be provided by repayments stemming from financial instruments established under the programmes listed in Annex I to this Regulation up to a maximum amount of EUR ~~275~~550 000 000 and from the surplus of the provisioning for the EU guarantee established by the EFSI Regulation up to a maximum amount of EUR 12 000 000 000.

Amendment 176 #

3. The resources referred to in paragraph 1 may be complemented by financial contributions from Member States~~, third countries and from non- Union bodies. These resources shall constitute external assigned revenue within the meaning of Article 21(5) of the Financial Regulation~~.

Amendment 177 #

Proposal for a regulation
Article 4 – paragraph 3

3. The resources referred to in paragraph 1 may be complemented by financial contributions from Member States~~, third countries and from non- Union bodies~~. These resources shall constitute external assigned revenue within the meaning of Article 21(5) of the Financial Regulation.

Amendment 178 #

Proposal for a regulation
Article 4 – paragraph 4

4. By derogation to Article 21(3)(f) of the Financial Regulation, resources stemming from repayments referred to in paragraph 1(b) shall constitute external assigned revenue within the meaning of Article 21(5) of the Financial Regulation. By derogation from point a) of Article 213(4) of the Financial Regulation, the resources stemming from the EFSI provisioning surplus referred to in paragraph 1(b) shall constitute external assigned revenue within the meaning of Article 21(5) of the Financial Regulation.deleted

Amendment 179 #

Clotilde ARMAND, Olivier CHASTEL, Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Article 4 – paragraph 4

4. ~~By derogation to Article 21(3)(f) of the Financial Regulation, resources stemming from repayments referred to in paragraph 1(b) shall constitute external assigned revenue within the meaning of~~Article 21(3)(f) and Article 21(53(4) of the Financial Regulation. By derogation from point a) of Article 213(4) of the Financial Regulation, the resources stemming from the EFSI provisioning surplus referred to in paragraph 1(b) shall constitute external assigned revenue within the meaning of Article 21(5) of the Financial Regulation shall be fully respected.

Amendment 180 #

Proposal for a regulation
Article 4 – paragraph 5

5. An amount up to 2% of the resources referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the Facility such as preparatory, monitoring, control, audit and evaluation activities including corporate information and technology systems, as well as administrative expenditure and fees of the finance partners. Higher amounts of technical and administrative assistance can be made available upon request to beneficiaries who have lower administrative capacities in terms of technological equipment, staff and infrastructure.

Amendment 181 #

Proposal for a regulation
Article 4 – paragraph 5

5. An amount up to 2% of the resources referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the Facility such as preparatory, monitoring, control, audit, information, communication, publicity and evaluation activities including corporate information and technology systems, as well as administrative expenditure ~~and fees~~ of the finance partners.

Amendment 182 #

Proposal for a regulation
Article 4 – paragraph 5

5. An amount up to 21% of the resources referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the Facility such as preparatory, monitoring, control, audit and evaluation activities including corporate information and technology systems, as well as administrative expenditure and fees of the finance partners.

Amendment 183 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER

Proposal for a regulation
Article 4 – paragraph 6

6. Resources up to an amount of EUR 250 000 000 included in those referred to in paragraph 1, shall be provided for activities set out in Article 3(3).

Amendment 184 #

Proposal for a regulation
Article 4 a (new)

Amendment 185 #

Proposal for a regulation
Article 5 – paragraph 1

1. Union support provided under the Facility, subject national sustainable transition plans approved by the Commission, shall be provided in the form of grants in accordance with Title VIII of the Financial Regulation.

Amendment 186 #

Clotilde ARMAND, Olivier CHASTEL, Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Article 5 – paragraph 2

2. Union support provided under the Facility shall be implemented ~~in direct management in accordance with the Financial Regulation~~under the form of shared management with the Member States.

Amendment 187 #

Proposal for a regulation
Article 5 – paragraph 3 a (new)

3 a. The Commission shall ensure that an effective communication campaign be organised at the onset of the selection process and that information about calls for proposals be made directly available to all public authorities across the EU. Information regarding the technical and administrative support provided to applicants should also be actively promoted.

Amendment 188 #

Proposal for a regulation
Article 6 – paragraph 2

2. For grants awarded pursuant to calls for proposals launched no later than 31 December 2024, Union support awarded to eligible projects in a Member State shall not exceed the national shares set out in the decision to be adopted by the Commission pursuant to paragraph 4.deleted

Amendment 189 #

Proposal for a regulation
Article 6 – paragraph 2

2. For grants awarded pursuant to calls for proposals launched no later than ~~31 December 2024~~the duration of the Multiannual Financial Framework (MFF) 2021-2027, Union support awarded to eligible projects in a Member State shall not exceed the national shares set out in the decision to be adopted by the Commission pursuant to paragraph 4.

Amendment 190 #

Proposal for a regulation
Article 6 – paragraph 2

2. For grants awarded pursuant to calls for proposals launched no later than ~~31 December 2024~~after the Multiannual Financial Framework (MFF) 2021-2027, Union support awarded to eligible projects in a Member State shall not exceed the national shares set out in the decision to be adopted by the Commission pursuant to paragraph 4.

Amendment 191 #

Amendment 192 #

Proposal for a regulation
Article 6 – paragraph 3

Amendment 193 #

Proposal for a regulation
Article 6 – paragraph 3

3. ~~For grants awarded pursuant to calls for proposals launched as from 1 January 2025,~~ Union support awarded to eligible projects shall be provided without any pre- allocated national share and on a competitive basis ~~at Union level until exhaustion of remaining resources. The award of such grants shall take into account the need to ensure predictability of investment and the promotion of regional convergence~~, while ensuring predictability of investment and following a viability-based and risk-averse approach.

Amendment 194 #

Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Article 6 – paragraph 3

Amendment 195 #

Proposal for a regulation
Article 6 – paragraph 3

3. For grants awarded pursuant to calls for proposals launched a~~s from 1 January 2025~~fter the period referred to in paragraph 2, Union support awarded to eligible projects shall be provided without any pre-allocated national share and on a competitive basis at Union level until exhaustion of remaining resources. The award of such grants shall take into account the need to ensure predictability of investment and the promotion of regional convergence and territorial cohesion.

Amendment 196 #

Proposal for a regulation
Article 6 – paragraph 3

3. For grants awarded pursuant to calls for proposals launched as from ~~1 January 2025~~after the Multiannual Financial Framework (MFF) 2021-2027, Union support awarded to eligible projects shall be provided without any pre-allocated national share and on a competitive basis at Union level until exhaustion of remaining resources. The award of such grants shall take into account the need to ensure predictability of investment and the promotion of regional convergence.

Amendment 197 #

Proposal for a regulation
Article 6 – paragraph 4

Amendment 198 #

Proposal for a regulation
Article 6 – paragraph 4

Amendment 199 #

Nicolae ŞTEFĂNUȚĂ, Clotilde ARMAND

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of an implementing act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the ~~total available resources~~resources referred to in Article 4(1) of this Regulation.

Amendment 200 #

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of an ~~implementing~~delegated act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the total available resources.

Amendment 201 #

Proposal for a regulation
Article 6 – paragraph 4

Amendment 202 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Article 7 – paragraph 1

An administrative agreement shall be signed between the Commission and the finance partner prior to the implementation of the Facility with that finance partner. The agreement shall set out the respective rights and obligations of each party to the agreement, including on mandatory audit and communication arrangements.

Amendment 203 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards ~~a climate-neutral economy~~the Union's 2030 targets for climate and energy, as established in Regulation (EU)…/… of the European Parliament and the Council [establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999 (European Climate Law)], and a climate- and carbon neutral economy in the Union by 2050, are in line with the Regulation (EU)…/… of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment] and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 204 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral economy in the Union by 2050 at the latest in line with the Paris Agreement objectives of limiting the rise in global temperature below than 1,5C and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 205 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards ~~a climate-neutral economy and benefit~~the Union’s new 2030 targets for climate and energy and a climate-neutral economy in the Union by 2040 or before and contribute to the objectives and needs of the territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 206 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects that are in line with the EU Taxonomy and the Do No Significant Harm principle, achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral and circular economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 207 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral economy ensuring that the climate transition is achieved in a just manner leaving no one behind and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 208 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects ~~achieve measurable impact~~demonstrate clear and measurable impact and output indicators in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate- neutral economy in the Union by 2050 and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 209 #

Alfred SANT

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic ~~or environment~~, geographical, environmental, educational or technical challenges deriving from the transition process towards a climate-neutral economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 210 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

Amendment 211 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic, territorial or environmental challenges deriving from the transition process towards a climate-neutral economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 212 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve a measurable, substantial and adequately proven impact in addressing serious social, economic or environmental ~~challenges deriving from~~negative impact of the transition process towards a ~~climate-neutral~~more sustainable economy and benefit territories identified in a territorial just transition plan~~, even if they are not located in those territories~~;

Amendment 213 #

Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)

(a a) the projects are consistent with the criteria established by the Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment [Taxonomy Regulation];

Amendment 214 #

Proposal for a regulation
Article 8 – paragraph 1 – point a b (new)

(a b) the projects contribute to the ecological transition and are in line with the Union’s environmental objectives;

Amendment 215 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 216 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

(b) the projects do not significantly harm any of the environmental objectives laid out in the EU Taxonomy, nor receive support under any other Union programmes;

Amendment 217 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

(b) the projects do not receive support under any other Union programmes for the same activities;

Amendment 218 #

Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)

(b a) Projects that support directly o rindirectly, investment related to the production, processing, distribution, storage, transport or combustion of fossil fuels.

Amendment 219 #

Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)

(b a) The project only engages subcontractors from EU Member States;

Amendment 22 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. Effective support should be dedicated towards providing sustainable employment for the most affected by the transition. _________________ 9 COM(2019) 640 final.

Amendment 220 #

Proposal for a regulation
Article 8 – paragraph 1 – point c

~~(c) the projects receive a loan by the finance partner under the Facility; an~~deleted

Amendment 221 #

Proposal for a regulation
Article 8 – paragraph 1 – point d

(d) the projects do not generate a sufficient stream of own revenues allowing them to be financed without Union support, as confirmed by the average result of an assessment carried out by two independent audit firms.

Amendment 222 #

Proposal for a regulation
Article 8 – paragraph 1 – point d

(d) the projects do not generate a sufficient stream of own revenues a~~llowing them to be financed without Union suppor~~nd would not secure project funding to the same extent or within the same timeline without the element of grant support from the Union budget.

Amendment 223 #

Proposal for a regulation
Article 8 – paragraph 1 – point d

(d) the projects do not generate a sufficient stream of own revenues to address the challenges of the transition allowing them to be financed without Union support.

Amendment 224 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 8 – paragraph 1 – point d

(d) the projects do not generate a sufficient stream of own revenues a~~llowing them to be financ~~nd would not be realised without Union support.

Amendment 225 #

Proposal for a regulation
Article 8 – paragraph 1 – point d a (new)

(d a) By derogation from paragraph 1(b), it is possible for projects receiving Union support under the Facility to receive advisory and technical assistance support for their preparation, development or implementation from other Union programmes.

Amendment 226 #

Proposal for a regulation
Article 8 – paragraph 1 – point d a (new)

(d a) the project, while addressing the economic and social costs of the transition to a climate neutral economy in the Union by 2050, aims to ensure financial viability throughout the lifetime of the project.

Amendment 227 #

Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 8 – paragraph 1 – point d a (new)

(d a) the projects have been subject to a gender impact assessment;

Amendment 228 #

Proposal for a regulation
Article 8 – paragraph 1 a (new)

The projects supported with loans provided by the EIB and other finance partner under the Facility and that respect the eligibility criteria as defined in paragraph 1, shall be exempt of a Member State's deficit and debt calculation as defined by the Stability and Growth Pact.

Amendment 229 #

Proposal for a regulation
Article 8 – paragraph 1 b (new)

The Commission shall, by means of implementing acts, establish the guidelines on how to conduct the impact assessment referred to in point (da) of paragraph 1 and to specify the content and format of the information and data to be provided. These guidelines shall be developed in cooperation with the implementing partners and after consulting the relevant experts and stakeholders, in particular national women's organisations from Member States.

Amendment 23 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the ~~objective to achieve~~commitment to the Paris Agreement and the objective to achieve the EU emission reduction target for 2030 and climate neutrality in the Union by 20540 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 230 #

Proposal for a regulation
Article 8 a (new)

Article 8 a Excluded activities The following activities shall be excluded from the scope of Union support under this Facility: (a) the decommissioning, maintenance, adaptation or the construction of nuclear power stations as well as the as well as the management or storage of nuclear waste; (b) the manufacturing, processing, distribution and marketing of tobacco and tobacco products; (c) investment related to the production, processing, distribution, storage or combustion of fossil fuels; (d) investment in airport and motorways infrastructures; (e) projects that are inconsistent with the achievement of the Union’s climate and environmental objectives or that are incompatible with the ‘do no harm principle’ as set out in Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment [Taxonomy Regulation] or any other investments which would hamper the development and deployment of low- carbon alternatives or which lead to lock- in effects.

Amendment 231 #

Proposal for a regulation
Article 8 a (new)

Article 8 a The Commission shall adopt an exclusion list of investments that are detrimental to the targets set out in the Paris Agreement and the Green Deal, and are not in line with the EIB's energy financing policy, and which shall thereby not receive Union support provided by the Facility;

Amendment 232 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER

Proposal for a regulation
Article 9 – paragraph 1

Amendment 233 #

Proposal for a regulation
Article 10 – paragraph 2

Amendment 234 #

Joachim KUHS, Gunnar BECK

Proposal for a regulation
Article 10 – paragraph 2

2. The amount of the grant shall not exceed 150% of the amount of the loan provided by the finance partner under this Facility. For projects located in territories in NUTS level 2 regions with a GDP per capita not exceeding 75% of the average GDP of the EU-27 as referred to in Article [102(2)] of Regulation [new CPR], the amount of the grant shall not exceed 2015% of the amount of the loan provided by the finance partner.

Amendment 235 #

Proposal for a regulation
Article 10 – paragraph 2

Amendment 236 #

Amendment 237 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 10 – paragraph 2

2. The amount of the grant shall not exceed 125% of the amount of the loan provided by the finance partner under this Facility. For projects located in territories in NUTS level 2 regions with a GDP per capita not exceeding 75% of the average GDP of the EU-27 as referred to in Article [102(2)] of Regulation [new CPR], the amount of the grant shall not exceed 230% of the amount of the loan provided by the finance partner.

Amendment 238 #

Pedro MARQUES

Proposal for a regulation
Article 10 – paragraph 2

Amendment 239 #

Proposal for a regulation
Article 11 – paragraph 1

1. In addition to the grounds specified in Article 131(4) of the Financial Regulation and after consulting the finance partner, the amount of the grant ~~may~~shall be reduced or the grant agreement may be terminated, if within two years from the date of signature of the grant agreement, the economically most significant supply, works or services contract has not been signed, in cases where the conclusion of such contract is envisaged pursuant to the grant agreement.

Amendment 24 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ~~ambitious~~challenging objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climatimplement the energy transition. The European Green Deal announced a Just Transition Mechanism to ensure that the local economies of the territories most affected by these structural changes will be promptly diversified through sound investments, and to ensure ctha~~nge and environmental degradation. At the same time, managing the transition requires significant structural changes~~t all workers currently employed in sectors affected by the transition will be duly re- trained and rapidly re-absorbed into the local labour market. _________________ 9 COM(2019) 640 final.

Amendment 240 #

Joachim KUHS, Gunnar BECK

Proposal for a regulation
Article 11 – paragraph 1

1. In addition to the grounds specified in Article 131(4) of the Financial Regulation and after consulting the finance partner, the amount of the grant may be reduced or the grant agreement may be terminated, if within ~~two~~one years from the date of signature of the grant agreement, the economically most significant supply, works or services contract has not been signed, in cases where the conclusion of such contract is envisaged pursuant to the grant agreement.

Amendment 241 #

Proposal for a regulation
Article 11 – paragraph 1 a (new)

1 a. In case of fraud or breach of the requirements in Article 8, 110% of the grant shall be paid back.

Amendment 242 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 11 – paragraph 2 – subparagraph 1

In such cases and after consulting the finance partner, the amount of the grant ~~may~~shall be reduced or the grant agreement may be terminated, and any related amounts paid may be recovered, in accordance with the conditions set out in the grant agreement.

Amendment 243 #

Proposal for a regulation
Article 12 – paragraph 1

1. Advisory support under this Regulation shall be implemented in indirect management, in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation]. In order to ensure that the hub provides rapid and straightforward support as regards its management, it shall be a one-stop shop.

Amendment 244 #

Proposal for a regulation
Article 12 – paragraph 1

1. Advisory support under this Regulation shall be implemented in indirect management, guaranteeing full transparency enabling public scrutiny, in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation].

Amendment 245 #

Proposal for a regulation
Article 12 – paragraph 2

2. Activities necessary to support the preparation, development and implementation of projects shall be eligible for advisory support. Projects financed under this Facility may benefit where necessary from advisory and technical assistance support from other Union programmes.

Amendment 246 #

Proposal for a regulation
Article 12 – paragraph 2

2. Activities necessary to support the preparation, development and implementation of projects shall be eligible for advisory support and financed in accordance with article 4 of this Regulation.

Amendment 247 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by work programmes established in accordance with Article 110 of the Financial Regulation. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this Regulation. The work programmes shall specify the eligibility and award criteria and conditions for the selection. Such award criteria may include relevant criteria of those laid down by Regulation (EU) .../... [Regulation on establishment of a framework to facilitate sustainable investment]. Those eligibility conditions and award criteria should take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objectives of promoting regional and territorial convergence and addressing the economic and social costs of the transition to a climate neutral economy in the Union by 2050, while ensuring that no one is left behind, and the significance of the grant component for the viability of the project.

Amendment 248 #

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by work programmes established in accordance with Article 110 of the Financial Regulation. The work programmes shall specify the eligibility conditions and award criteria for the selection. Such award criteria may include relevant criteria out of those laid down in Regulation (EU)... (Regulation on the establishment of a framework to facilitate sustainable investment), the project's ability to meet the objectives and needs identified in the territorial just transition plans, the contribution to ensuring that the climate transition is achieved in a just manner leaving no one behind, the overall objective of promoting regional and territorial convergence and the grant's contribution to the affordability of projects. The Commission shall ensure that gender equality and the integration of gender perspective are taken into account and promoted in the work programme. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this Regulation.

Amendment 249 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Article 13 – paragraph 1

The ~~Facility shall be implemented by~~Commission shall adopt delegated acts in accordance with Article 17 in order to establish work programmes ~~established~~ in accordance with Article 110 of the Financial Regulation. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this Regulation. The work programmes shall specify the criteria and conditions for the selection and, in case demand exceeds funding resources under national allocations, for the prioritisation of projects, taking into account the relevant criteria laid down by Regulation (EU) .../... [Regulation on establishment of a framework to facilitate sustainable investment], the project’s ability to meet the objectives and needs identified in the territorial just transition plans, the contribution to climate transition, the cost efficiency of the project, the overall objective of promoting regional and territorial convergence and the grant’s contribution to the viability of projects.

Amendment 25 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective tof achieveing the Union`s 2030 targets for climate and energy and climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 250 #

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by work programmes established in accordance with Article 110 of the Financial Regulation. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this RegulationCommission shall adopt delegated acts in accordance with Article 17 in order to establish work programmes in accordance with Article 110 of the Financial Regulation. The work programmes shall specify the criteria and conditions for the selection and for the prioritisation of projects, taking into account the relevant criteria laid down by Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment [Taxonomy Regulation], the project’s ability to meet the objectives and needs identified in the territorial just transition plans, the contribution to the climate transition, the adoption by the public sector entities requesting financing of a credible decarbonisation plan, including dates for the phase-out of fossil fuels in a timeframe compatible with the Paris Agreement targets, as well as the overall objective of promoting economic, social and territorial cohesion and the grant’s contribution to the viability of projects.

Amendment 251 #

Proposal for a regulation
Article 13 – paragraph 1

Amendment 252 #

Proposal for a regulation
Article 13 – paragraph 1

Amendment 253 #

Proposal for a regulation
Article 13 a (new)

Article 13 a Selection of finance partners other than the EIB The Commission shall adopt delegated acts in accordance with Article 17 of this Regulation in order to set out the details of eligibility conditions and selection procedures for finance partners other than EIB. The eligibility conditions for the finance partners other than the EIB shall reflect the objectives of the Facility. In particular, when selecting the finance partners, the Commission shall take into account their capacity: (a) to ensure that their energy lending policy and standards are at least as stringent as the ones applied by the EIB; (b) to maximise the impact of the EU guarantee through own resources; (c) to ensure appropriate geographical diversification of the Facility and allow for the financing of smaller projects; (d) to implement thoroughly the requirements set out in Articles 155(2) and 155(3) of the Financial Regulation concerning tax avoidance, tax fraud, tax evasion, money laundering, terrorism financing and non-cooperative jurisdictions; (e) to ensure transparency and public access to information concerning each project; (f) to ensure the consistency of their lending policy with the new Union’s 2030 targets for climate and energy and the objective of a climate neutral economy in the Union by 2040 and the alignment with the EU commitments under the Paris Agreement; (g) to integrate the analysis of environmental, climate, social and governance factors in the selection and evaluation of projects. The Commission shall publish the selection results.

Amendment 254 #

Bogdan RZOŃCA

Proposal for a regulation
Article 13 a (new)

Article 13 a Participation of finance partners other than the EIB Finance partners other then the EIB which have successfully passed the pillar assessment procedure set out in the article 154 of the Financial Regulation should be eligible to implement the Facility. Finance partners other than the EIB shall inform the Commission of their will to implement the loan component of the facility. Financial partners shall in particular demonstrate their capacity to: (a) to maximise the impact of the EU grant component through own resources; (b) to ensure appropriate geographical diversification of the Facility and allow for the financing of smaller projects; (c) to ensure transparency and public access to information concerning each project; Commission shall inform the Council and the European Parliament in case of other finance partner participation in the Facility.

Amendment 255 #

Proposal for a regulation
Article 14 – paragraph 1

1. Key performance and sustainability indicators to monitor implementation and progress of the Facility towards the achievement of climate neutrality and other environmental objectives of the Union, the adherence to the Do No Significant Harm principle, and the objectives set out in Article 3 are established in Annex II.

Amendment 256 #

Proposal for a regulation
Article 14 – paragraph 2

2. The performance reporting system shall ensure that data regarding the sustainability and other key performance indicators referred to in paragraph 1 are collected efficiently, effectively and in a timely, reliable and independent fashion. Beneficiaries in cooperation with finance partners shall provide to the Commission the data regarding those indicators.

Amendment 257 #

Proposal for a regulation
Article 14 – paragraph 2 a (new)

Amendment 258 #

Proposal for a regulation
Article 14 – paragraph 2 a (new)

2 a. Beneficiaries should monitor output indicators, in accordance with Article 8(a), on an ongoing basis and should regularly report to the Commission on the progress towards the achievement of such outputs.

Amendment 259 #

Proposal for a regulation
Article 14 – paragraph 2 b (new)

2 b. The projects financed under this Facility shall be screened to determine whether they have an environmental, climate, social or gender impact. If those projects have such an impact they shall be subject to a sustainability proofing mechanism, with a view to minimise detrimental impacts and maximise benefits on climate, environment and social dimensions as well as on gender equality, in line with EU sustainability objectives, on the basis of the guidance to be developed by the Commission under the InvestEU Programme. For that purpose, entities requesting financing shall provide adequate information based on the guidance by the Commission. Projects below a certain size defined in the guidance shall be excluded from the proofing.

Amendment 26 #

Proposal for a regulation
Recital 2

(2) The Commission adopted a Communication on the European Green Deal Investment Plan10 on 14 January 2020, establishing the Just Transition Mechanism which focuses on the ~~regions and~~ sectors that are most affected by the energy transition given their dependence on fossil fuels, including coal, peat and oil shale or greenhouse gas-intensive industrial processes but have less capacity to finance the necessary investments. The Just Transition Mechanism consists of three pillars: a Just Transition Fund implemented under shared management, a dedicated just transition scheme under InvestEU, and a public sector loan facility to mobilise additional investments to the regions concerned. _________________ 10 COM(2020) 21 final.

Amendment 260 #

Proposal for a regulation
Article 15 – paragraph 1

1. Evaluations on the implementation of the Facility and its capacity to reach the objectives set out in Article 3 shall be carried out in a sufficiently timely manner, and at the latest within 18 months as from performance of the contract, to feed into the decision-making process.

Amendment 261 #

Proposal for a regulation
Article 15 – paragraph 2

2. The interim evaluation of the Facility shall be performed by ~~30 June 2025~~1 January 2024 and shall be submitted to the European Parliament and to the Council, when sufficient information is expected to be available about the implementation of the Facility. The evaluation shall in particular demonstrate how the Union support provided under the Facility shall have contributed in addressing the needs of territories implementing the territorial just transition plans.

Amendment 262 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 15 – paragraph 2

2. The interim evaluation of the Facility shall be performed by 30 June 20253, when sufficient information is expected to be available about the implementation of the Facility. The evaluation shall in particular demonstrate how the Union support provided under the Facility shall have contributed in addressing the needs of territories implementing the territorial just transition plans.

Amendment 263 #

Proposal for a regulation
Article 15 – paragraph 2

2. The interim evaluation of the Facility shall be performed by 30 June 20254, when sufficient information is expected to be available about the implementation of the Facility. The evaluation shall in particular demonstrate how the Union support provided under the Facility shall have contributed in addressing the needs of territories implementing the territorial just transition plans.

Amendment 264 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 15 – paragraph 3

3. At the end of the implementation period and no later than 31 December 2031, a final evaluation report on the results and long-term impact of the Facility shall be established. and submitted by the Commission to the Parliament and the Council. The beneficiaries and the finance partners shall contribute to such evaluation by providing the Commission all relevant information necessary to enable it to perform that evaluation.

Amendment 265 #

Gilles BOYER, Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ

Proposal for a regulation
Article 15 – paragraph 3

3. At the end of the implementation period and no later than 31 December 2031, the Commission shall submit to the European Parliament and to the Council a final evaluation report on the results and long-term impact of the Facility ~~shall be established~~. The finance partners and beneficiaries shall provide to the Commission all documents and information necessary to enable it to perform that evaluation.

Amendment 266 #

Proposal for a regulation
Article 15 – paragraph 3 – point a (new)

(a) Both the interim and final evaluation shall also assess the contribution to the achievement of the Union’s 2030 climate and energy targets as established in Regulation (EU)…/… of the European Parliament and the Council [establishing theframework for achieving climate neutrality and amending Regulation (EU)2018/1999 (European Climate Law)], and the contribution to the achievement of a national objective towards climate neutrality by 2050

Amendment 267 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 15 – paragraph 3 a (new)

3 a. The evaluation shall present an assessment of the Facility's contribution to meeting the objectives of the European Social Pillar and the EU sustainability policy objectives, in particular the Union's 2030 targets for climate and energy and the transition towards a climate neutral economy in the Union by 2050.

Amendment 268 #

Proposal for a regulation
Article 16 – paragraph 1

1. Audits on the use of the Union support provided under the Facility shall be carried out by ~~persons or entities, including by other than those mandated by the Union Institu~~the Court of Auditors in accordance with Article 287 TFEU. The Court of Auditors shall issue a special report on the implementations o~~r bodies, shall form the basis of the overall assurance pursuant to Article 127 of the Financial~~f the Facility once the rate of implementation of the projects financed reaches at least 60%, but no later than five years after the entry into force of this Regulation.

Amendment 269 #

Proposal for a regulation
Article 16 – paragraph 1

1. Audits on the use of the Union support provided under the Facility carried out by persons or entities, including by other than those mandated by the Union Institutions or bodies, shall form the basis of the overall assurance pursuant to Article 127 of the Financial Regulation, and shall ensure the adherence to the Taxonomy objectives and the Do No Significant harm principle.

Amendment 27 #

Proposal for a regulation
Recital 3

Amendment 270 #

Proposal for a regulation
Article 16 – paragraph 2

2. The finance partners shall provide to the Commission and any designated auditors all available documents related to Union support that are necessary for both these authorities to carry out their obligations.

Amendment 271 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

2. The power to adopt delegated acts referred to in Article 13 and 14 shall be conferred on the Commission until 31 December 2028.

Amendment 272 #

Proposal for a regulation
Article 18 – paragraph 1

1. The beneficiaries and the finance partners shall ensure, to the highest possible level, the visibility and details of the Union support provided under the Facility, in particular when promoting the projects and their results, by providing targeted information to multiple audiences, including the ~~media~~public and privately-owned media, the social partners and the public.

Amendment 273 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Article 18 – paragraph 1

1. The beneficiaries and the finance partners shall ensure the visibility of the Union support provided under the Facility, in particular when promoting the projects and their results, by providing targeted information to multiple audiences, including the media and the public. , and by publishing details of the nature of the projects and the amounts involved on their websites.

Amendment 274 #

Proposal for a regulation
Article 18 – paragraph 1 a (new)

1 a. Finance partners shall disclose all relevant information on each project that is either rejected or financed and make that information publicly available on their website. Information to be made publicly available under the first sentence shall not contain commercially sensitive information or personal data that are not to be disclosed under the Union data protection rules.

Amendment 275 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Article 18 – paragraph 1 a (new)

1 a. Finance partners shall disclose all relevant information on each project financed and make that information publicly available on their website after the signature of the relevant loan or loan scheme, as applicable. Such information to be made publicly available shall not contain commercially sensitive information or be contrary to the Union's data protection rules.

Amendment 276 #

Proposal for a regulation
Article 18 – paragraph 1 a (new)

1 a. The finance partners shall disclose all relevant financial information on each project co-financed by the Facility on their website.

Amendment 277 #

Clotilde ARMAND, Olivier CHASTEL, Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Article 18 – paragraph 2

Amendment 278 #

Proposal for a regulation
Article 18 – paragraph 2

2. The Commission shall implement information and communication actions relating to the Facility, the funded projects and their results. Financial resources allocated to the Facility shall also contribute to the corporate communication of the political priorities of the Union, as far as they are related to the objectives referred to in Article 3. The Commission shall regularly update and publish the list of projects that have been selected or refused under this Facility with the description of specific criteria for acceptance or refusal.

Amendment 279 #

Proposal for a regulation
Article 18 – paragraph 2 a (new)

2 a. The Commission shall make publicly available upon delivery any opinions issued on the projects selected or financed under this Facility in accordance with the procedure provided for in Article 19 of the Statute of the EIB.

Amendment 28 #

Proposal for a regulation
Recital 4

Amendment 280 #

Proposal for a regulation
Article 19 – paragraph 1

Where necessary, appropriations may be entered in the budget beyond 2027 to cover the payment of instalments of grant Union support, provided for in accordance with Article 6(2), to enable the management of actions not completed by 31 December 2027.deleted

Amendment 281 #

Proposal for a regulation
Annex I – point A – indent 5

Amendment 282 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Annex I – point C – indent 4

Amendment 283 #

Proposal for a regulation
Annex II – point 6 – point 6.1

6.1 Transport infrastructure

Amendment 284 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Annex II – point 6 – point 6.3

6.3 Public utilities (water, wastewater, district heating, energy, waste management, local transport)

Amendment 285 #

Proposal for a regulation
Annex II – point 6 – point 6.4

6.4 Direct support to ~~transi~~climate transition, decarbonisation (renewable energy, energy efficiency) and other environmental objectives

Amendment 286 #

Proposal for a regulation
Annex II – point 6 – point 6.4 a (new)

6.4 a Substantial contribution to sustainability objectives as defined in Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment [Taxonomy Regulation]

Amendment 287 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Annex II – point 6 – point 6.6 a (new)

6.6 a Quality of housing (including energy efficiency)

Amendment 288 #

Proposal for a regulation
Annex II – point 6 a (new)

6 a. Number of net jobs created

Amendment 289 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Annex II – point 7

7. Greenhouse gas emission reduced, where relevant for calculation

Amendment 29 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, while maintaining commitment to the goal of limiting the global temperature increase to 1.5 °C above pre-industrial levels, the Facility should cover a wide range of sustainable investments, on condition that they contribute to meeting the development needs in the transition towards the EU 2030 climate and energy targets and a climate neutral economy by 2040 at the latest, as described in the territorial just transition plans, and are in line with the [Taxonomy Regulation]. The investments supported may cover renewable energy and green transport infrastructure, highly efficient district heating networks, green mobility, ~~smart~~ waste management~~, clean~~ in accordance with the waste hierarchy, renewable energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. ~~Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disaster~~This transition aims to decouple from resource consumption and eliminate net emissions of greenhouse gases as well as other adverse impacts on human health and the environment related to, inter alia, the deterioration of biodiversity and ecosystems, overconsumption of resources or chemical pollution. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. In particular, these investments should not be made in fossil fuel installations and other activities excluded under Article [5] of Regulation [JTF Regulation] and should not increase or maintain dependency on fossil fuels. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are sustainable and consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges and opportunities resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the E~~U taxonomy on environmentally sustainable economic activities may be used.~~ IB should implement its new energy lending policy for the assessment of the projects and all finance partners should use the EU taxonomy on environmentally sustainable economic activities to provide for transparency for sustainable projects. The 'do no significant harm' principle should be applied to all the investments, supported by the Facility.

Amendment 290 #

Proposal for a regulation
Annex II – point 7

7. GPolluting and greenhouse gas emission reduced

Amendment 291 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Annex II – point 7 a (new)

7 a. Employment and unemployment rate

Amendment 292 #

Proposal for a regulation
Annex II – point 7 a (new)

7 a. Number of saved jobs

Amendment 293 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Annex II – point 7 b (new)

7 b. Number of new created jobs

Amendment 294 #

Proposal for a regulation
Annex II – point 7 b (new)

7 b. Depopulation rate

Amendment 295 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Annex II – point 7 c (new)

7 c. Population of regions/territories benefitting from projects carried out under the Facility

Amendment 296 #

Proposal for a regulation
Annex II – point 7 c (new)

7 c. The effect to the supported territory GDP

Amendment 30 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards the Union’s 2030 targets for climate and energy and a climate neutral economy in the Union by 2050, as described in the territorial just transition plans. The investments supported may ~~cover energy and transport infrastructure, district heating networks, green mobility~~cover clean technology and infrastructure including renewable energy and the decarbonisation of the transport infrastructure, district heating networks, green and sustainable mobility, investments in research and innovation activities, including in universities and public research institutions, fostering the transfer of advanced and market-ready technologies, investments in digitalisation, digital innovation and digital connectivity, including digital and precision farming, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, unless falling under the scope of liabilities for environmental damage in accordance with the polluter pays principle referred to in Article 191 TFEU as well as up- and re- skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used.

Amendment 30 #

Erik BERGKVIST

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. The application of Union support and funding through the Just Transition Mechanism shall ensure that all eligible projects in every Member State are consistent with all Member States’ responsibility to achieve national climate neutrality by 2050, endorsed by the European Parliament resolution (2019/2930(RSP) and the European Council (EUCO29/19) _________________ 9 COM(2019) 640 final.

Amendment 31 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Recital 5

Amendment 31 #

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve the Union's 2030 targets for climate and energy, as established in Regulation (EU)…/… of the European Parliament and the Council [establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999 (European Climate Law)], and climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 32 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the social, occupational and economic development needs in the transition ~~towards a climate neutral economy~~process, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, ~~green~~ mobility, smart waste management, ~~clean energy~~low-emission energy including natural gas and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. ~~Comprehensive investment approach should be favoured in particular for territories with important transition needs.~~ Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and en~~vironmental~~ergy security challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be usedenergy transition process.

Amendment 32 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, while striving for socio-economic sustainability, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. In order to be successful, the transition should reduce inequalities, create a net employment effect with new high quality jobs, and be fair and socially acceptable for all. _________________ 9 COM(2019) 640 final.

Amendment 33 #

Proposal for a regulation
Recital 5

Amendment 33 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199, drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation, in particular in carbon- intensive regions and those where the fossil fuel sector is a major provider of jobs. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 34 #

Proposal for a regulation
Recital 5

Amendment 34 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 at the latest in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide ~~means~~financial means and knowledge for facing ~~the~~ climate c~~hallenge~~risis while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes both at regional and national level. _________________ 9 COM(2019) 640 final.

Amendment 35 #

Proposal for a regulation
Recital 5

Amendment 35 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards an allegedly new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the ~~climate challenge~~transition towards a climate-neutral economy while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 36 #

Proposal for a regulation
Recital 5 a (new)

(5 a) In order to ensure that the Facility is not used to pay for the costs of restoring environmental damages that fall under the environmental liability of an undertaking and not to distort incentives to reduce pollution and other environmental impacts, support to investment related to the regeneration and decontamination of sites, restoration of ecosystems and repurposing projects, should be used as a last resort only when no company can be held legally liable to finance such actions, in accordance with the polluter-pays principle enshrined in Article 191 TFUE.

Amendment 36 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 1

Amendment 37 #

Ivars IJABS

Proposal for a regulation
Recital 5 a (new)

(5 a) In order to avoid stranded assets and ensuring that public funding is used most cost effectively, the beneficiary projects should have long-lasting green, sustainable effect and contribute to reaching climate neutrality by 2050.

Amendment 37 #

Proposal for a regulation
Recital 2

(2) The Commission adopted a Communication on the European Green Deal Investment Plan10 on 14 January 2020, establishing the Just Transition Mechanism which focuses on the regions and sectors that are most affected by the transition given their dependence on fossil fuels, including coal, peat and oil shale or greenhouse gas-intensive industrial processes but have less capacity to finance the necessary investments. The Just Transition Mechanism consists of three pillars: a Just Transition Fund implemented under shared management, a dedicated just transition scheme under InvestEU, and a public sector loan facility to mobilise additional investments to the regions concerned. All three pillars are to complement each other to support the implementation of the Green Deal and address the economic, social, energy sustainability, energy security, energy affordability and regional challenges and opportunities of the transition to a sustainable, climate-neutral and climate- resilient, resource-efficient, and circular economy by 2050 at the latest. _________________ 10 COM(2020) 21 final.

Amendment 38 #

Proposal for a regulation
Recital 5 b (new)

(5 b) Transitioning to climate-neutrality also presents new economic opportunities. Transition to renewables-based economy holds a significant job creation potential that can eventually lead to higher employment levels in territories currently dependent on fossil fuels. The shift to renewable energy can enable local communities to become active participants in and owners of the energy transition and move from single- to a multi-industry model. In particular, the reconversion of former mine sites to renewable energy generation and construction of renewable energy infrastructure in such sites or neighbouring areas can provide green jobs to post-mining communities. Moreover, such reconvention can contribute to energy security and resilience, based on a decentralised energy system model.

Amendment 38 #

Jonás FERNÁNDEZ

Proposal for a regulation
Recital 2

(2) The Commission adopted a Communication on the European Green Deal Investment Plan10 on 14 January 2020, establishing the Just Transition Mechanism which focuses on the regions and sectors that are most affected by the transition given their dependence on fossil fuels, including coal, peat and oil shale or greenhouse gas-intensive industrial processes but have less capacity to finance the necessary investments. These regions and sectors are the ones identified by the Commission and Members States and object to a territorial just transition plan established in accordance with Article 7 of Regulation [JTF Regulation] and approved by the Commission . The Just Transition Mechanism consists of three pillars: a Just Transition Fund implemented under shared management, a dedicated just transition scheme under InvestEU, and a public sector loan facility to mobilise additional investments to the regions concerned. _________________ 10 COM(2020) 21 final.

Amendment 39 #

Proposal for a regulation
Recital 5 c (new)

(5 c) Member States and the Commission should ensure that the Facility contributes to the respect and the promotion of equality between women and men in accordance with Article 8 TFEU. Gender equality objectives and the economic independence of women should be ensured in all dimensions and in all stages of the preparation, monitoring, implementation and evaluation of operational programmes in a timely and consistent manner.

Amendment 39 #

Proposal for a regulation
Recital 2

Amendment 40 #

Proposal for a regulation
Recital 8

(8) EUR [2350 000 000] of the grant component of the Facility are expected to be financed from the Union budget in accordance with [new MFF proposal] and should constitute the prime reference amount, within the meaning of point 17 of the Inter-institutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management13 , for the European Parliament and the Council during the annual budgetary procedure. _________________ 13OJ C 373, 20.12.2013, p. 1. http://eur-lex.europa.eu/legal- content/EN/TXT/?uri=uriserv:OJ.C_.2013. 373.01.0001.01.ENG&toc=OJ:C:2013:373 :TOC

Amendment 40 #

Proposal for a regulation
Recital 2

Amendment 41 #

Proposal for a regulation
Recital 13

Amendment 41 #

Proposal for a regulation
Recital 3

(3) The proposal for establishing the Just Transition Fund was adopted by the Commission on 14 January 202011. For the better programming and implementation of the Fund, territorial just transition plans are to be adopted, setting out the key steps and timeline of the transition process and identifying the territories most negatively affected by the transition towards a climate neutral economy and with less capacity to deal with the transition challenges. The pace of programming of the Fund will have to be in line with the impact study expected in September, which is looking into two possible options for reducing greenhouse gas emissions by 2030 to 50% or 55% of 1990 levels, the difference between the two rates corresponding to a reduction in emissions of 280 megatonnes of greenhouse gases. _________________ 11 COM(2020) 22 final.

Amendment 42 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria, in case demand exceeds funding resources under national allocations, should be set out in the work programme and the call for proposals. Those eligibility conditions and ~~award~~prioritisation criteria should take into account the relevan~~ce of the project in the context of the~~t criteria established by Regulation (EU) .../... of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment], the ability of the project to meet the objectives and development needs described in the territorial just transition plans, the contribution to the climate transition, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 42 #

Proposal for a regulation
Recital 3

Amendment 43 #

Proposal for a regulation
Recital 14

Amendment 43 #

Proposal for a regulation
Recital 3

Amendment 44 #

Proposal for a regulation
Recital 14

Amendment 44 #

Proposal for a regulation
Recital 3 a (new)

(3 a) The Just Transition Fund is an essential part of the EU Recovery and Resilience Package and should remain a key part of the package, with corresponding significant resources.

Amendment 45 #

Proposal for a regulation
Recital 14

Amendment 45 #

Proposal for a regulation
Recital 4

Amendment 46 #

Proposal for a regulation
Recital 15

(15) Support under this Facility should ~~only~~ be provided, not only to projects that do not generate a sufficient stream of own revenues that would allow them to be financially viable and to be financed ~~solely~~ by loans provided on market terms, but also to public viable projects. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.

Amendment 46 #

Proposal for a regulation
Recital 4

Amendment 47 #

Proposal for a regulation
Recital 16

(16) Since the grant component should reflect the divergent development needs of regions across Member States, such support should be modulated. Taking into account that public sector entities in less developed regions, as defined in Article 102(2) of Regulation [new CPR], generally experience lower public investment capacity, the grant rates applied to loans provided to such entities should be comparatively higher. Loans under this Facility should not to be taken into account in the calculation of the European semester criteria.

Amendment 47 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU

Proposal for a regulation
Recital 4

Amendment 48 #

Proposal for a regulation
Recital 22

(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments~~, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by climate transition, without EU grant suppor~~ that benefit the territories most nefatively affected by the climate and energy transition but do not generate sufficient streams of own revenues and would not be funded by the project promoter within the same timeframe or to the same extent without the element of grant support from the Union budget and the need for a coherent implementation framework under direct management. Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective,

Amendment 48 #

Amendment 49 #

Proposal for a regulation
Article 1 – paragraph 1

This Regulation provides for the public sector loan facility (the ‘Facility’) in support of public sector entities by combining grants from the Union budget with loans granted by the finance partners in accordance with the rules, lending policies and procedures of the EIB and lays down the objectives of the Facility. It lays down rules for the grant component of Union support provided under this Facility covering in particular its budget for the period 2021-2027, the forms of Union support and provisions on eligibility.

Amendment 49 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 4

Amendment 50 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards ~~a climate-neutral economy of the Union by 2050~~the Union’s 2030 target for climate and a climate-neutral, environmentally sustainable, fully renewables-based, highly resource and energy efficient and circular economy of the Union by 2040 at the latest. The Facility shall not support, directly or indirectly, investment related to the production, processing, distribution, storage, transport or combustion of fossil fuels.

Amendment 50 #

Proposal for a regulation
Recital 4

Amendment 51 #

Bart GROOTHUIS, Ivars IJABS

Proposal for a regulation
Article 1 – paragraph 2

Amendment 51 #

Proposal for a regulation
Recital 4

Amendment 52 #

Proposal for a regulation
Recital 4

Amendment 53 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, e~~nvironmental and economic~~conomic and energy security challenges deriving from the energy transition process ~~towards a climate-neutral economy of the Union by 2050~~.

Amendment 53 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU

Proposal for a regulation
Recital 4

(4) A public sector loan facility (the ‘Facility’) ~~should be provided. It~~ constitutes the third pillar of the Just Transition Mechanism, supporting public sector entities in their investments. Such investments should meet the development needs resulting from the transition challenges described in the territorial just transition plans as adopted by the Commission. The activities envisaged for support should be consistent with and complement those supported under the other two pillars of the Just Transition Mechanism.

Amendment 54 #

Proposal for a regulation
Article 2 – paragraph 1 – point 2

2. 'beneficiary' means a public sector legal entity established in a Member State as a public law body, or as a public body governed by private law entrusted with a public service mission, with whom a grant agreement has been signed under the Facility; Public-Private Partnerships cannot be considered as ‘beneficiary’.

Amendment 54 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards ~~a climate~~the Union’s 2030 targets for climate and energy, as established in Regulation (EU)…/… of the European Parliament and the Council[establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999 (European Climate Law)] and a climate- and carbon neutral economy, by 2050 as described in the territorial just transition plans. The investments supported may cover ~~energy and transport infrastructure, district heating networks, green mobility~~clean technology and infrastructure including renewable energy, supply of renewables-based hydrogen and hydrogen-based fuels and the decarbonisation of the transport, industry and building stock, sustainable district heating networks, green and sustainable mobility, investments in research and innovation activities, including in universities and public research institutions, fostering the transfer of advanced and market-ready technologies, investments in digitalisation, digital innovation and digital connectivity, including digital and precision farming, smart waste management, clean and safe water, clean energy and energy efficiency and integration measures including renovations and conversions of buildings, carbon capture and storage utilisation, support to transition to a circular economy, land restoration and decontamination, unless falling under the scope of liabilities for environmental damage in accordance with the polluter pays principle referred to in Article 191 TFEU, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. and changing weather conditions caused by climate change. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. ~~In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used.~~

Amendment 55 #

Proposal for a regulation
Article 2 – paragraph 1 – point 2

2. 'beneficiary' means a public sector legal entity established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, or a state-owned enterprise, with whom a grant agreement has been signed under the Facility;

Amendment 55 #

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards ~~a climate neutral economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, green mobility~~the Union’s new 2030 targets for climate and energy and a climate neutral economy in the Union by 2040 or before, as described in the territorial just transition plans. The investments supported may cover clean technology and infrastructure for renewable energy and the decarbonisation of the transport sector, district heating networks, green and sustainable mobility, investments in research, innovation and digitalisation, smart waste management, clean renewable energy and energy efficiency measures, including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, unless falling under the scope of liabilities for environmental damage in accordance with the polluter pays principle referred to in Article 191 TFEU, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand ecological disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility~~, the EU taxonomy on environmentally sustainable economic activities may be used.~~ and that can make a substantial contribution to the Union’s climate and energy targets as well as to the maintaining of biodiversity, while respecting the principle of do no harm, the EU taxonomy on environmentally sustainable economic activities should be used. Investments should be screened to determine whether they have an environmental, climate or social impact and if necessary they should be subject to sustainability proofing in accordance with the guidance to be developed by the Commission under the InvestEU Programme.

Amendment 56 #

Proposal for a regulation
Article 2 – paragraph 1 – point 3

3. 'finance partners' means the EIB, other international financial institutions, national promotional banks and financial institutions, with which the Commission signs an administrative agreement toin full compliance with EIB rules lending policies and procedures, to ensure the highest possible level of cooperateion within the Facility;

Amendment 56 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral economy, as described in the territorial just transition plans. The investments supported may cover ~~energy and transport infrastructure~~the deployment of technology and infrastructure for affordable and sustainable energy and the decarbonisation of the transport sector, district heating networks, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, urban renewal and regeneration, investments in care facilities, support to transition to a circular economy, land and ecosystem restoration and decontamination, protecting and restoring biodiversity and natural habitats, as well as up- ~~and~~skilling, re-skilling, ~~training~~new skills development and training, with a focus on gender equality, and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used. Technical and administrative assistance will be available in conjunction with such investments.

Amendment 57 #

Proposal for a regulation
Article 2 – paragraph 1 – point 3

3. 'finance partners' means the EIB, other international financial institutions, national and regional promotional banks and financial institutions, with which the Commission signs an administrative agreement to cooperate within the Facility;

Amendment 57 #

Proposal for a regulation
Recital 5

Amendment 58 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. 'additionality’ means the support for projects that do not generate a sufficient stream of own revenues and would not be financed without the element of grant support from the Union budget and that contribute to the general objectives laid down in Article 3.

Amendment 58 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a ~~wide~~limited range of investments, on condition that they contribute to meet the development needs in the transition towards a ~~climate neutral economy, as described in the territorial just transition plans~~more sustainable economy. The investments supported may cover energy and transport infrastructure, district heating networks, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a ~~circular~~more sustainable economy, land restoration and decontamination~~, as well as up- and re-skilling, training and social infrastructure, including social housing~~. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the ~~social, economic and~~ environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be useda more sustainable economy.

Amendment 59 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. 'additionality' means the support for projects that do not generate a sufficient stream of own revenues to cover investment costs and that contribute to the general objectives laid down in Article 3.

Amendment 59 #

Engin EROGLU

Amendment 60 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. ‘additionality’ means the support for projects that do not generate a sufficient stream of own revenues and would not be financed without the element of grant support from the Union budget;

Amendment 60 #

Proposal for a regulation
Recital 5

(5) In order to enhance the regional cohesion and economic diversification of territories impacted by the transition, the Facility should cover a wide range of sustainable investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral economy, as described in the territorial just transition plans. The investments supported ~~may cover~~should exclude fossil fuels and should cover renewable energy and transport infrastructure, district heating networks only for coal regions in transition, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach in accordance with the "do not harm" principle should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities ~~may~~should be used.

Amendment 61 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 b (new)

6 b. ‘do no significant harm’ principle means refraining from inflicting “significant harm” as defined in Article 17 of the Regulation(EU) 2020/852 [Taxonomy regulation].

Amendment 61 #

Nicolae ŞTEFĂNUȚĂ, Clotilde ARMAND

Proposal for a regulation
Recital 5

Amendment 62 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges and opportunities deriving from the transition process towards the Union’s 2030 target for climate and energy and a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation], in line with the European Pillar of Social Rights, the UN SDGs and the Paris Agreement objectives as well as 'minimum safeguards' procedures defined in Article 18 of the Regulation (EU) 2020/852 [Taxonomy regulation].

Amendment 62 #

Proposal for a regulation
Recital 5

Amendment 63 #

Ivars IJABS, Valérie HAYER

Proposal for a regulation
Article 3 – paragraph 1

Amendment 63 #

Valentino GRANT, Anna BONFRISCO, Francesca DONATO, Antonio Maria RINALDI, Marco ZANNI

Proposal for a regulation
Recital 5

Amendment 64 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address direct or indirect serious socio- economic challenges deriving from the transition process towards a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 64 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, including former mining areas and peripheral regions, such as islands, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used.

Amendment 65 #

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the energy transition process ~~towards a climate- neutral economy~~ for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 65 #

Proposal for a regulation
Recital 5

Amendment 66 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 66 #

Proposal for a regulation
Recital 5

Amendment 67 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER, Olivier CHASTEL

Proposal for a regulation
Article 3 – paragraph 2

2. The Facility shall have the specific objective of increasing public sector investments, which address the development needs of regions identified in the territorial just transition plans, by facilitating the financing of projects that reduce our environmental footprint in accordance with our climate targets, while providing long-term sustainable employment but do not generate a sufficient stream of own revenues and would not be financed without the element of grant support from the Union budget.

Amendment 67 #

Proposal for a regulation
Recital 5 a (new)

(5 a) In the context of its effort to increase economic, territorial and social cohesion, the Facility should also contribute to eliminating inequalities and promoting gender equality and integrating the gender perspective, as well as combating discrimination based on sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation as set out in Article 2 of the Treaty on the European Union (TEU), Article 10 TFEU and Article 21 of the Charter of Fundamental Rights of the European Union. All stakeholders involved at all stages of implementation of the Facility shall commit to promote gender equality and ensure that the impact on women is taken into account, given that they are disproportionately impacted by climate change and transition process.

Amendment 68 #

Proposal for a regulation
Article 3 – paragraph 2

2. The Facility shall have the specific objective of increasing public sector investments, which address the development needs of regions identified in the territorial just transition plans, by facilitating the financing of projects that do not generate a sufficient stream of own revenues and would thus not be f~~inanced~~unded by the project promoter within the same time-frame or the same extent without the element of grant support from the Union budget.

Amendment 68 #

Proposal for a regulation
Recital 5 a (new)

(5 a) The objectives of the Facility should be pursued in the framework of sustainable development and the Union's promotion of the aim of preserving, protecting and improving the quality of the environment as set out in Article 11 and Article 191(1) of the TFEU, taking into account the polluter pays principle and the commitments agreed under the Paris Agreement.

Amendment 69 #

Proposal for a regulation
Article 3 – paragraph 3

3. In pursuing the achievement of the specific objective referred to in paragraph 2, this Regulation also aims at providing advisory support for the assessment of eligibility, preparation, development, and implementation of ~~eligible~~ projects where necessary. That advisory support shall be provided in accordance with the rules and implementation methods for the InvestEU Advisory Hub established by Article [20] of Regulation [InvestEU Regulation].

Amendment 69 #

Proposal for a regulation
Recital 5 a (new)

(5 a) The Commission should adopt an exclusion list of investments that are detrimental to the targets set out in the Paris Agreement and the Green Deal, and are not in line with the EIB's energy financing policy. These investments should be excluded from Union support provided by the Facility.

Amendment 70 #

Linea SØGAARD-LIDELL, Olivier CHASTEL, Engin EROGLU, Gilles BOYER, Stéphane SÉJOURNÉ, Stéphanie YON-COURTIN

Proposal for a regulation
Article 4 – paragraph 1 – introductory part

1. Without prejudice to additional resources allocated in the Union budget for the period 2021-2027, the grant component ofand the advisory support provided under this Facility shall be financed from:

Amendment 70 #

Proposal for a regulation
Recital 5 a (new)

Amendment 71 #

Proposal for a regulation
Article 4 – paragraph 1 – point a

(a) resources from the Union budget for an amount of EUR 2350 000 000 in current prices, and

Amendment 71 #

Henrike HAHN

Proposal for a regulation
Recital 5 b (new)

(5 b) The horizontal principles as set out in Article 3 of the Treaty on the European Union ('TEU') and in Article 10 of the TFEU, including principles of subsidiarity and proportionality as set out in Article 5 of the TEU should be respected in the implementation of the Facility, taking into account the Charter of Fundamental Rights of the European Union. Member States should also respect the obligations of the UN Convention on the Rights of the Child and of the UN Convention on the Rights of Persons with Disabilities and ensure accessibility in line with its article 9 and in accordance with the Union law harmonising accessibility requirements for products and services. The Facility should not support actions that contribute to any form of segregation or exclusion, or support infrastructure which is inaccessible to persons with a disability. Member States and the Commission should aim at eliminating inequalities and at promoting equality between men and women and integrating the gender perspective, as well as at combating discrimination based on sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation.

Amendment 72 #

Proposal for a regulation
Article 4 – paragraph 1 – point a

(a) resources from the Union budget for an amount of EUR ~~250~~ 300000 000 in ~~current~~2018 prices, and

Amendment 72 #

Henrike HAHN

Proposal for a regulation
Recital 5 c (new)

(5 c) The Member States and the Commission should ensure that the implementation of the Facility contributes to the respect and the promotion of equality between women and men in accordance with Article 8 TFEU. Evaluations have shown the importance of taking the gender equality objectives into account in all dimensions and in all stages of the preparation, monitoring, implementation and evaluation of operational programmes, in a timely and consistent manner and therefore requires gender impact assessments, gender budgeting and monitoring of results from a gender perspective to be part of the programming cycle.

Amendment 73 #

Proposal for a regulation
Article 4 – paragraph 1 – point b

(b) assigned revenue as referred to in paragraph 2 up to a maximum amount of EUR 1 275 000 000 in ~~current~~2018 prices.

Amendment 73 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER, Olivier CHASTEL

Proposal for a regulation
Recital 6

(6) Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. However, the protection of final beneficiaries is crucial to ensure the effectiveness of the investments supported by the Facility. Local and regional authorities cannot lose their funding as a consequence of generalised deficiencies as regards the rule of law in the Member States. If necessary, the European Commission, on agreement with the European Parliament and the Council, should temporarily manage funds with the recipients without the involvement of national governments violating the rule of law.

Amendment 74 #

Proposal for a regulation
Article 4 – paragraph 5

Amendment 74 #

Proposal for a regulation
Recital 6

(6) Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. Only Member States that adhere to the fundamental values of the Union, including the rule of law principle, should benefit from the Facility. In case the Commission is of the opinion that the rule of law in a Member State is breached, it should seek to support the transition of concerned regions in other ways or find a way to direct the support strictly to the region, if it obeys the rule of law principles, without involving the national government.

Amendment 75 #

Proposal for a regulation
Article 4 – paragraph 6

6. Resources up to an amount of EUR 25 000 000 included in those referred to in paragraph 1, shall be provided for activities set out in Article 3(3) and shall not be subject to national pre-allocations.

Amendment 75 #

Erik BERGKVIST

Proposal for a regulation
Recital 6

(6) Horizontal financial rules adopted by the European Parliament and the Council on the basis of Article 322 of the Treaty on the Functioning of the European Union apply to this Regulation. These rules are laid down in the Financial Regulation and determine in particular the procedure for establishing and implementing the budget through grants, procurement, prizes, indirect implementation, and provide for checks on the responsibility of financial actors. Rules adopted on the basis of Article 322 TFEU also concern the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States, as the respect for the rule of law is an essential precondition for sound financial management and effective EU funding. Therefore, the respect and adherence to fundamental Union values such as the rule of law principle should be mandatory for receiving any financial support from the EU budget, including the Just Transition Mechanism. Member States benefitting from the JTM should be committed to achieving the EU 2050 climate neutrality target.

Amendment 76 #

Proposal for a regulation
Article 6 – paragraph 1

1. The resources referred to in Article 4(1), after deduction ofthe resources referred to in Article 4(6) and a provision for technical and administrative expenditure referred to in Article 4(5), shall be used to finance projects, in accordance with paragraphs 2 and 3.

Amendment 76 #

Proposal for a regulation
Recital 6

Amendment 77 #

Proposal for a regulation
Article 6 – paragraph 2

2. ~~For grants awarded pursuant to calls for proposals launched no later than 31 December 2024,~~ Union support awarded to eligible projects in a Member State shall not exceed the national shares set out in the decision to be adopted by the Commission pursuant to paragraph 4.

Amendment 77 #

Bogdan RZOŃCA

Proposal for a regulation
Recital 7

(7) The Facility should provide support in the form of grants provided by the Union combined with loans provided by a finance partner. The ~~financial envelope of the gr~~loant component~~, implemented by the Commission in direct management should take the form of financing not linked to costs, in accordance with Article 125 of Regulation (EU, Euratom) 2018/1046 of~~ should be provided by the European ~~Parlia~~Investment Ban~~d of the Council (the ‘Financial Regulation’)12 . That form of financing should help incentivise project promoters to participate and contribute to the achievement of the Facility’s objectives~~ k ('the EIB').Other financial partners who have passed the pillar assessment foreseen in the Article 154 of the Fin an ~~efficient way relative to the size of the loan. The loan component should be provided by the European Investment Bank (‘the EIB’). The F~~cial Regulation may also provide the loan component provided their capacility may also be extended to other finance partners providing the loan component, where additional resources for the grant component become available or where it is required for the correct implementation. _________________ 12 Regulation (EU Euratom) 2018/1046to fulfil the objectives of the Facility, to contribute own resources and to ensure an appropriate geographical coverage.

Amendment 78 #

Proposal for a regulation
Article 6 – paragraph 3

Amendment 78 #

Proposal for a regulation
Recital 7

(7) The Facility should provide support in the form of grants provided by the Union combined with loans provided by a finance partner. The financial envelope of the grant component, implemented by the Commission in direct management should take the form of financing not linked to costs, in accordance with Article 125 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council (the ‘Financial Regulation’)12 . That form of financing should help incentivise project promoters to participate and contribute to the achievement of ~~the Facility’s~~municipalities, towns, cities' and territories' objectives in an efficient way relative to the size of the loan. The loan component should be provided by the European Investment Bank (‘the EIB’). The Facility may also be extended to other finance partners providing the loan component, where additional resources for the grant component become available or where it is required for the correct implementation. _________________ 12 Regulation (EU Euratom) 2018/1046.

Amendment 79 #

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of an implementing act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the ~~total available resources~~resources referred to in Article 4(1) of this Regulation.

Amendment 79 #

Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 7 a (new)

(7 a) The COVID-19 pandemic has reinforced the importance of the Just Transition Mechanism with regard to the need to rebuild the economies of regions most affected by the climate transition. Given the interdependence between the climate transition and sustainable economic growth, there needs to be sufficient resources as part of the Public Sector Loan Facility to address the challenges of the transition to a climate neutral economy in the Union by 2050, which have been exacerbated by the COVID-19 pandemic.

Amendment 80 #

Proposal for a regulation
Article 6 – paragraph 4

Amendment 80 #

Proposal for a regulation
Recital 7 a (new)

(7 a) The loans provided by the EIB and other finance partner to public sector entities to support projects identified by the Commission as eligible, financially and technically independent, should be exempt of a Member State's deficit and debt calculation as defined by the Stability and Growth Pact.

Amendment 81 #

Proposal for a regulation
Article 7 – paragraph 1 a (new)

The audit arrangements shall be in line with the Financial Regulation, granting the necessary rights and access to the Commission for ad-hoc audits, to the European Court of Auditors (ECA) for a mandatory yearly audit report, to the European Anti-Fraud Office (OLAF) for administrative investigations, and to the European Public Prosecutor's Office (EPPO) for criminal investigations.

Amendment 81 #

Proposal for a regulation
Recital 8

(8) EUR [250 000 000] of the grant component of the Facility are expected to be financed from the Union budget in accordance with [new MFF proposal] and should constitute the prime reference amount, within the meaning of point 17 of the Inter-institutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management13 , for the European Parliament and the Council during the annual budgetary procedure. _________________ 13OJ C 373, 20.12.2013, p. 1. http://eur-lex.europa.eu/legal- content/EN/TXT/?uri=uriserv:OJ.C_.201 3.373.01.0001.01.ENG&toc=OJ:C:2013:3 73:TOCdeleted

Amendment 82 #

Proposal for a regulation
Article 8 – paragraph 1 – introductory part

The Facility shall not support activities excluded under Article [5] of Regulation [JTF Regulation]. Only projects contributing to the objectives referred to in Article 3 and fulfilling all the conditions set out below shall be eligible for Union support under the Facility:

Amendment 82 #

Proposal for a regulation
Recital 8

(8) EUR [15250 000 000] of the grant component of the Facility are expected to be financed from the Union budget in accordance with [new MFF proposal] and should constitute the prime reference amount, within the meaning of point 17 of the Inter-institutional Agreement of 2 December 2013 between the European Parliament, the Council and the Commission on budgetary discipline, on cooperation in budgetary matters and on sound financial management13 , for the European Parliament and the Council during the annual budgetary procedure. _________________ 13OJ C 373, 20.12.2013, p. 1. http://eur-lex.europa.eu/legal- content/EN/TXT/?uri=uriserv:OJ.C_.2013. 373.01.0001.01.ENG&toc=OJ:C:2013:373 :TOC

Amendment 83 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards ~~a climate-neutral economy and benefit~~the Union’s 2030 targets for climate and energy and a climate-neutral economy in the Union by 2050 and contribute to the objectives and needs of the territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 83 #

Proposal for a regulation
Recital 9

(9) EUR 275 000 000 of the grant component of the Facility is to be financed by repayments from the financial instruments established by the programmes listed in Annex I to this Regulation. Such revenue stems from terminated programmes independent of the Facility, and should be considered external assigned revenue by derogation to Article 21(3)(f) of the Financial Regulation on the basis of Article 322(1) TFEU.deleted

Amendment 84 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic, labour or environmental challenges deriving from the transition process towards a climate-neutral economy and benefit the most affected territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 84 #

Proposal for a regulation
Recital 9

Amendment 85 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious direct or indirect social, economic or environmental challenges deriving from the transition process towards a climate-neutral economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 85 #

Proposal for a regulation
Recital 10

(10) EUR 1 000 000 000 of the grant component of the Facility should be financed by the foreseeable surplus of the provisioning for the EU guarantee established by Regulation (EU) 2015/1017 of the European Parliament and of the Council which also establishes the European fund for strategic investments (the ‘EFSI Regulation’)14. Therefore, a derogation should be made from point a) of Article 213(4) of the Financial Regulation, which envisages an obligation for any surplus of provisions for a budgetary guarantee to be returned to the budget, in order to assign that surplus to the Facility. That assigned revenue should be considered external assigned revenue by derogation to Article 21(3)(f) of the Financial Regulation on the basis of Article 322(1) TFEU. _________________ 14Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments (OJ L 169, 1.7.2015, p. 1).deleted

Amendment 86 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic ~~or environmental~~and energy security challenges deriving from the energy transition process ~~towards a climate-neutral economy~~ and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 86 #

Proposal for a regulation
Recital 10

(10) EUR 1 000 000 000 of the grant component of the Facility should be financed by the foreseeable surplus of the provisioning for the EU guarantee established by Regulation (EU) 2015/1017 of the European Parliament and of the Council which also establishes the European fund for strategic investments (the ‘EFSI Regulation’)14 . Therefore, a derogation should be made from point a) of Article 213(4) of the Financial Regulation, which envisages an obligation for any surplus of provisions for a budgetary guarantee to be returned to the budget, in order to assign that surplus to the Facility. That assigned revenue should be considered external assigned revenue by derogation to Article 21(3)(f) of the Financial Regulation on the basis of Article 322(1) TFEU. _________________ 14Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments (OJ L 169, 1.7.2015, p. 1).deleted

Amendment 87 #

Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)

(a a) By derogation from paragraph 1(b), projects receiving Union support under the Facility may also receive advisory and technical assistance support for their preparation, development and implementation from other Union programmes.

Amendment 87 #

Proposal for a regulation
Recital 10

(10) EUR 1 000 000 000 of the grant component of the Facility should be financed by the foreseeable surplus of the provisioning for the EU guarantee established by Regulation (EU) 2015/1017 of the European Parliament and of the Council which also establishes the European fund for strategic investments (the ‘EFSI Regulation’)14 . Therefore, a derogation should be made from point a) of Article 213(4) of the Financial Regulation, which envisages an obligation for any surplus of provisions for a budgetary guarantee to be returned to the budget, in order to assign that surplus to the Facility. That assigned revenue should be considered external assigned revenue by derogation to Article 21(3)(f) of the Financial Regulation on the basis of Article 322(1) TFEU. _________________ 14Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments (OJ L 169, 1.7.2015, p. 1)Point a) of Article 213(4) of the Financial Regulation, which envisages an obligation for any surplus of provisions for a budgetary guarantee to be returned to the budget, should be fully respected.

Amendment 88 #

Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)

(a a) the projects can demonstrate that they 'do no significant harm', do not lead to a lock-in of carbon-intensive assets and do not hamper the deployment of zero- carbon alternatives;

Amendment 88 #

Proposal for a regulation
Recital 11

(11) In accordance with point (c) of Article 12(4) of the Financial Regulation, the appropriations corresponding to external assigned revenue should be automatically carried over to the successive programme or action. That provision allows matching the multiannual schedule of assigned revenue with the implementation path of the projects financed by the Facility.deleted

Amendment 89 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 89 #

Proposal for a regulation
Recital 12

(12) Resources for advisory support should also be provided for in order to promote the preparation, development and implementation of projects, including at the application stage.

Amendment 90 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

(b) the projects ~~do not receive~~costs related to the amount of the grant, when provided, are not supported under any other Union programmes;

Amendment 90 #

Ivars IJABS, Bart GROOTHUIS

Proposal for a regulation
Recital 13

Amendment 91 #

Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)

(b a) The Facility shall not support activities excluded under Article [5] of Regulation (EU) .../... [JTF Regulation].

Amendment 91 #

Eero HEINÄLUOMA, Marek BELKA, Jonás FERNÁNDEZ, Eider GARDIAZABAL RUBIAL

Proposal for a regulation
Recital 13

(13) In order to ensure that all Member States are granted the possibility to benefit from the grant component to the highest level possible, and understanding that it is transition regions that might be mostly financially and socially hit by the transition, a mechanism should be set up to establish earmarked national shares to be respected during a first stage, based on the distribution key proposed in the Just Transition Fund Regulation. However, in order to reconcile that objective with the need to optimise the economic impact of the Facility and its implementation, such national allocations should not be earmarked after 31 December 2024. Thereafter, the remaining resources available for the grant component should be provided without any pre-allocated national share and on a competitive basis at Union level, while ensuring predictability for investment and following a needs-based and regional convergence approach. An interim evaluation report should be published by 30 June 2024 to provide input into allocating the remaining resources.

Amendment 92 #

Proposal for a regulation
Article 8 – paragraph 1 – point d

~~(d) the projects do not generate a sufficient stream of own revenues allowing them to be financed without Union support.~~deleted

Amendment 92 #

Proposal for a regulation
Recital 13

Amendment 93 #

Proposal for a regulation
Article 8 – paragraph 1 – point d

(d) the projects do not generate a sufficient stream of own revenues allowing them to be financed without Union support within the same time-frame or to the same extent.

Amendment 93 #

Proposal for a regulation
Recital 13

(13) In order to ensure that all Member States are granted the possibility to benefit from the grant component, a mechanism should be set up to establish earmarked national shares to be respected during a first stage, based on the distribution key proposed in the Just Transition Fund Regulation. This mechanism should be set up by way of a Commission Delegated Act setting out the respective shares for each Member State. However, in order to reconcile that objective with the need to optimise the economic impact of the Facility and its implementation, such national allocations should not be earmarked after ~~31 December 2024~~the Multiannual Financial Framework (MFF) 2021-2027. Thereafter, the remaining resources available for the grant component should be provided without any pre-allocated national share and on a competitive basis at Union level, while ensuring predictability for investment and following a needs-based and regional convergence approach, with an emphasis on those territories most affected by the climate transition.

Amendment 94 #

Proposal for a regulation
Article 8 – paragraph 1 – point d a (new)

(d a) the projects’ by-products such as studies, software tools and architectural plans are developed in accordance with the open-source principle and made available to the public.

Amendment 94 #

Proposal for a regulation
Recital 13

(13) In order to ensure that all Member States are granted the possibility to benefit from the grant component, a mechanism should be set up to establish earmarked national shares to be respected during a first stage, based on the distribution key proposed in the Just Transition Fund Regulation. The needs of less developed regions as referred to in Article [102(2)] of Regulation .../... [new CPR] should be taken into account. However, in order to reconcile that objective with the need to optimise the economic impact of the Facility and its implementation, such national allocations should not be earmarked after 31 December 2024. Thereafter, the remaining resources available for the grant component should be provided without any pre-allocated national share and on a competitive basis at Union level, while ensuring predictability for investment and following a needs-based and regional convergence approach and promoting economic, social and territorial cohesion.

Amendment 95 #

Proposal for a regulation
Article 8 a (new)

Article 8 a In accordance with Article 8, paragraph 1, point (d), the Commission may approve projects that provide diversification and ensure security of energy supplies with transitional energy carrier, already accepted under the Just Transition Fund.

Amendment 95 #

Proposal for a regulation
Recital 13

Amendment 96 #

Proposal for a regulation
Article 9 – paragraph 1

Notwithstanding the criteria set out in Article 197 of the Financial Regulation, only public sector legal entities established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, are eligible to apply as potential beneficiaries under this Regulation. In line with Article 129 of the Financial Regulation, any person or entity receiving Union funds shall fully cooperate in the protection of the financial interests of the Union and shall, as a condition for receiving the funds, grant the necessary rights and access required for the authorising officer responsible. Only Member States participating in the enhanced cooperation pursuant to Regulation (EU) 2017/1939 setting out the mandate of the European Public Prosecutor (EPPO) are eligible to receive grants and loans from this Facility.

Amendment 96 #

Proposal for a regulation
Recital 13

Amendment 97 #

Proposal for a regulation
Article 9 – paragraph 1

Notwithstanding the criteria set out in Article 197 of the Financial Regulation, only ~~public sector~~ legal entities established in a Member State as a public law body, or as a body governed by private law entrusted with athe implementation of a public-private partnership (PPP) or with another public service mission, are eligible to apply as potential beneficiaries under this Regulation.

Amendment 97 #

Nicolae ŞTEFĂNUȚĂ

Proposal for a regulation
Recital 13

Amendment 98 #

Proposal for a regulation
Article 10 – paragraph 2

2. The amount of the grant shall not exceed 1530% of the amount of the loan provided by the finance partner under this Facility. For projects located in territories in NUTS level 2 regions with a GDP per capita not exceeding 75% of the average GDP of the EU-27 as referred to in Article [102(2)] of Regulation [new CPR], the amount of the grant shall not exceed 240% of the amount of the loan provided by the finance partner.

Amendment 98 #

Stéphanie YON-COURTIN, Stéphane SÉJOURNÉ, Gilles BOYER, Olivier CHASTEL

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured. The territorial plans drawn up jointly with the Commission must include common criteria: assistance to regions heavily dependent on fossil fuels and to carbon- intensive industries, a well-considered project for transition to low-carbon activities, a commitment to create new jobs in the green economy, a willingness to invest in renewable energy sources and in digital connectivity. The relevant local and regional authorities in the territories concerned should be closely involved in preparing the territorial just transition plan.

Amendment 99 #

Proposal for a regulation
Article 11 – paragraph 1

1. In addition to the grounds specified in Article 131(4) of the Financial Regulation and after consulting the finance partner, the amount of the grant may be suspended, reduced or the grant agreement may be ~~terminated,~~unilaterally terminated by the Commission under the following conditions: a) reductions shall be applied if within two years from the date of signature of the grant agreement, the economically most significant supply, works or services contract has not been signed, in cases where the conclusion of such contract is envisaged pursuant to the grant ~~agreement.~~ or the loan agreement; b) suspension shall be applied if the responsible EU bodies, namely OLAF or EPPO are undertaking an administrative or criminal investigation; c) termination shall be applied if the audits or investigations by the responsible EU bodies conclude there is evidence of mismanagement of funds, such as fraud, corruption or high level error rate; d) terminations shall be applied if any of the EU institutions concludes there is a regeneralised deficiencies as regards the rule of law in the Member States or region recipient of the EU funds, in grants or in loans.

Amendment 99 #

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria sh~~ould~~all take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the projectt criteria established by Regulation (EU) … /... of the European Parliament and the Council [Regulation on establishment of a framework to facilitate sustainable investment], the ability of the project to meet the objectives and development needs described in the territorial just transition plans, the contribution to the achievement of the Union’s 2030 climate and energy targets, and climate neutrality by 2050, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. The Commission shall ensure that gender equality and the integration of gender perspective are taken into account and promoted in the work programme. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

source: 657.176

2020/09/04 ENVI 119 amendments...

Amendment 1 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new sustainable growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective tof achieveing the Union’s 2030 targets for climate and energy and climate neutrality in the Union by 2050 at the latest in an effective and fair manner, ~~the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge~~as laid down in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")], the European Green Deal announced a Just Transition Mechanism to provide means for facing the economic, social and environmental challenges of the transition to a climate neutral, environmentally sustainable, energy and resource efficient, circular economy, while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes, also in light of the COVID-19 crisis. _________________ 9 COM(2019) 640 final.

Amendment 10 #

Proposal for a regulation
Recital 2

Amendment 100 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Article 14 – paragraph 1

1. Key performance and sustainability indicators to monitor implementation and progress of the Facility towards the achievement of climate neutrality and other environmental objectives of the Union, the adherence to the "do not significant harm" principle referred to in Regulation (EU) 2020/852, and the objectives set out in Article 3 are established in Annex II.

Amendment 101 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Article 14 – paragraph 2

Amendment 102 #

Proposal for a regulation
Article 14 – paragraph 2

Amendment 103 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 14 – paragraph 2 a (new)

2 a. The Commission shall report annually on the implementation of the Facility in accordance with Article 250 of the Financial Regulation. That report shall provide information on the results and impact of the Facility with respect to its objectives and performance indicators, in particular its contribution to addressing the transition needs and to the Union environmental objectives. For that purpose, finance partners and beneficiaries shall provide on an annual basis all the necessary information and data. The evaluation shall also analyse how the Union support provided under the Facility has contributed to meeting the Union sustainability policy objectives, in particular the Union's climate objectives laid down in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")].

Amendment 104 #

Proposal for a regulation
Article 14 – paragraph 2 a (new)

2 a. The Commission shall report annually on the implementation of the Facility in accordance with Article 250 of the Financial Regulation. That report shall provide information on the results and impact of the Facility with respect to its objectives and performance indicators, in particular its contribution to addressing the transition needs and to the EU sustainability objectives, in particular its impact on climate, the environment, the social dimension and gender equality. That report shall also provide information on the contribution of the Facility towards the objective of spending at least 50 % of the MFF 2021-2027 on the Union’s environment and climate objectives. For these purposes, finance partners and beneficiaries shall provide on an annual basis all the necessary information and data.

Amendment 105 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL

Proposal for a regulation
Article 14 – paragraph 2 b (new)

2 b. The projects financed under this Facility shall be screened to determine whether they have an environmental, climate, social and gender impact. If those projects have such an impact they shall be subject to a sustainability proofing mechanism, with a view to minimise detrimental impacts and maximise benefits on climate, environment and the social and on gender equality, in line with Union sustainability objectives, on the basis of the guidance to be developed by the Commission under the InvestEU Programme. For that purpose, entities requesting financing shall provide adequate information based on the guidance by the Commission. Projects below a certain size defined in the guidance shall be excluded from the proofing.

Amendment 106 #

Proposal for a regulation
Article 15 – paragraph 3 a (new)

3 a. Both the interim and final evaluation shall also assess the contribution to the achievement of the Union’s 2030 climate and energy targets as established in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")], and the contribution to the achievement of a national objective towards climate neutrality by 2050.

Amendment 107 #

Proposal for a regulation
Article 16 – paragraph 1

1. Audits on the use of the Union support provided under the Facility carried out by persons or entities, including by other than those mandated by the Union Institutions or bodies, shall form the basis of the overall assurance pursuant to Article 127 of the Financial Regulation, and shall ensure the adherence to the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation.

Amendment 108 #

Proposal for a regulation
Article 18 a (new)

Article 18 a The Commission shall make publicly available upon delivery any opinions issued on the projects selected or financed under this Facility in accordance with the procedure provided for in Article 19 of the Statute of the EIB.

Amendment 109 #

Proposal for a regulation
Annex I – point A – indent 5

Amendment 11 #

Proposal for a regulation
Recital 3

(3) The proposal for establishing the Just Transition Fund was adopted by the Commission on 14 January 202011 . For the better programming and implementation of the Fund, territorial just transition plans are to be adopted, setting out the key steps and timeline of the transition process ~~and identifying the territories most negatively affected by the transition towards a climate neutral economy and with less capacity to deal with the transition challenges~~, including legally binding dates for the phase out of all fossil fuels in a timeframe consistent with the objective of limiting the temperature increase to 1.5°C above pre-industrial levels, and identifying the territories most negatively affected by the transition towards a climate neutral economy and with less capacity to deal with the transition challenges. The partnership principle applies for the preparation, implementation, monitoring and evaluation of the territorial just transition plans as referred to in Article [7] of [Regulation (EU) 2020/xxx of the European Parliament and of the Council establishing the Just Transition Fund ("JTF Regulation"]. _________________ 11 COM(2020) 22 final

Amendment 110 #

Proposal for a regulation
Annex I – point C – indent 4

Amendment 111 #

Proposal for a regulation
Annex II – point 6 – introductory part

6. Number of projects by sector and gender

Amendment 112 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO

Proposal for a regulation
Annex II – point 6 – point 6.1

6.1 Transport infrastructure

Amendment 113 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Annex II – point 6 – point 6.3

6.3 Public utilities (water, wastewater, district heating, energy, waste management, local transport)

Amendment 114 #

Proposal for a regulation
Annex II – point 6 – point 6.4

6.4 Direct support to climate transition, decarbonisation (in particular support to (renewable energy, and energy efficiency) and other environmental objectives

Amendment 115 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Annex II – point 6 a (new)

6 a. Number of net jobs created

Amendment 116 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Annex II – point 7

7. GPolluting and greenhouse gas emission reduced

Amendment 117 #

Proposal for a regulation
Annex II – point 7 a (new)

7 a. Number of saved jobs

Amendment 118 #

Proposal for a regulation
Annex II – point 7 b (new)

7 b. Number of new created jobs

Amendment 119 #

Proposal for a regulation
Annex II – point 7 c (new)

7 c. The effect on the supported territory GDP

Amendment 12 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Recital 3

Amendment 13 #

Proposal for a regulation
Recital 3 a (new)

(3 a) The Just Transition Fund is an essential part of the Union Recovery and Resilience Package and should remain a key part of the package, with corresponding significant resources.

Amendment 14 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

(3 a) The Just Transition Fund is an essential part of the Union Recovery and Resilience Package and should remain a key part of the package, with corresponding significant resources.

Amendment 15 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Recital 4

(4) A public sector loan facility (the ‘Facility’) should be provided. It constitutes the third pillar of the Just Transition Mechanism, supporting public sector entities in their investments. Such investments should meet the development needs resulting from the transition challenges described in the territorial just transition plans as adopted by the Commission~~. The activities envisaged for support should be consistent with and complement those supported under the other two pillars of the Just Transition Mechanism.~~ and should support the overarching objectives of the European Green Deal, in particular the “do not significant harm" principle referred to in Regulation (EU) 2020/852 of the European Parliament and of the Council1a, and be in line with the framework for sustainable activities set out in EU taxonomy established by that Regulation. The activities envisaged for support should be consistent with and complement those supported under the other two pillars of the Just Transition Mechanism, in order to ensure that all three pillars are working towards the same objectives and should not crowd out private sector investment that will be facilitated through the Just Transition Mechanism. _________________ 1aRegulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).

Amendment 16 #

Proposal for a regulation
Recital 4

(4) A public sector loan facility (the ‘Facility’) should be provided. It constitutes the third pillar of the Just Transition Mechanism, supporting public sector entities in their investments. Such investments should meet the development needs resulting from the transition challenges described in the territorial just transition plans as adopted by the Commission. The activities envisaged for support should be consistent with ~~and complement those supported under the other two pillars of the Just Transition Mechanism.~~ Regulation (EU) 2019/2088 of the European Parliament and of the Council1a and ensure synergies with those supported under the other two pillars of the Just Transition Mechanism. Investments that are inconsistent with the achievement of the Union’s climate and environmental objectives should not be eligible for support under this Facility. _________________ 1a Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector (OJ L 317, 9.12.2019, p. 1.

Amendment 17 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 4

(4) A public sector loan facility (the ‘Facility’) should be provided. It constitutes the third pillar of the Just Transition Mechanism, supporting public sector entities in their investments. Such investments should be consistent with Union policies, in line with the Paris Agreement and its commitment to achieve climate neutrality by 2050 at the latest, and meet the development needs resulting from the transition challenges described in the territorial just transition plans as adopted by the Commission. The activities envisaged for support should be consistent with and complement those supported under the other two pillars of the Just Transition Mechanism. The Facility shall not support activities excluded under Article [5] of [Regulation (EU) 2020/XXX establishing the Just Transition Fund ("JTF Regulation")].

Amendment 18 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Recital 4

Amendment 19 #

Proposal for a regulation
Recital 4

Amendment 2 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new ~~growth~~sustainable development policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In ~~line with the objective to achieve~~view of achieving the Union’s climate and energy targets for 2030 and to reach climate neutrality in the Union by 205040 at the latest in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 20 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Recital 4

Amendment 21 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 4 a (new)

(4 a) The disruptive economic and social effect of the COVID-19 crisis weakens public and private investment capacity thus limiting the financial resources essential for the transition to a climate neutral and resource efficient Union. In this regard, in the framework of Next Generation EU, the Facility should contribute to reducing this gap and enable Member States to undertake the necessary investments to foster the achievement of the Union's long-term sustainability priorities.

Amendment 22 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards ~~a climate neutral economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, gree~~the Union’s 2030 targets for climate and energy and a climate neutral economy in the Union by 2040 at the latest, as described in the territorial just transition plans. The investments supported may cover clean technologies and infrastructure for renewable, highly efficient and renewables-based district heating networks, clean technologies and infrastructure for the transition towards zero-emission mobility, smart waste management, ~~clean energy and~~ energy efficiency measures including renovations and conversions of buildings, support to transition to a non- toxic circular economy, land restoration and decontamination in line with the polluter pays principle, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand ecological disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. ~~Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans.~~ By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the ~~adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy~~transition towards a climate-neutral, environmentally sustainable, energy- and resourec-efficient and circular economy. In order to help identify investments with a high positive environmental impact eligible under the Facility and that can make a substantial contribution to the Union’s sustainability objectives, while respecting the "do not significant harm" principle referred to in Regulation (EU) 2020/852, the EU taxonomy established by that Regulation on environmentally sustainable economic activities ~~may be used~~should be used. Investments should be screened to determine whether they have an environmental, climate or social impact and if necessary they should be subject to sustainability proofing in accordance with guidance to be developed by the Commission.

Amendment 23 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL, Ondřej KNOTEK

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification ~~of territories impacted by the transition~~and modernisation of territories most negatively impacted by the transition to a climate-neutral economy, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards the Union’s 2030 climate and energy targets, and a climate neutral economy by 2050, as described in the territorial just transition plans. The investments supported may cover ~~energy and transport infrastructure, district heating networks, green mobility, smart waste management~~sustainable technology and infrastructures for clean, affordable and renewable energy and environmentally- friendly and decarbonised transport, district heating networks, green, smart and sustainable mobility, investments in research and innovation activities, including in universities and public research institutions, fostering the transfer of advanced and market-ready technologies, investments in digitalisation, smart waste management, greenhouse gas emission reduction, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination when the “polluters pays” principle cannot be applied, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities ~~may~~shall be used.

Amendment 24 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wide range of investments, on condition that they contribute to meet the development needs in the transition towards a climate neutral economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating networks, green mobility, smart waste management, clean-neutral, environmentally sustainable, energy and resource efficient and circular economy of the Union by 2050 at the latest as described in the territorial just transition plans. The investments supported may cover technology to support the decarbonisation of the energy sector, district heating networks, sustainable mobility,waste prevention measures, clean and renewable energy ~~and~~, energy efficiency measures including renovations and conversions of buildings, sustainable bioeconomy, support to transition to a circular economy, land and ecosystem restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Comprehensive investment approach , consistent with the Sustainable Development Goals (SDGs) and in line with the Paris Agreement goals,should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the Union’s 2030 targets for climate and energy and its commitment to a climate-neutral economy by 2050, with the “do not significant harm" principle referred to in Regulation (EU) 2020/852 and with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. ~~In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used.~~

Amendment 25 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Recital 5

Amendment 26 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Recital 5

Amendment 27 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Recital 5

Amendment 28 #

Proposal for a regulation
Recital 5

(5) In order to enhance the economic diversification of territories impacted by the transition, the Facility should cover a wider range of investments as compared to the first pillar, on condition that they contribute to meet the development needs in the transition towards a Union climate neutral economy, as described in the territorial just transition plans. The investments supported may cover energy and transport infrastructure, district heating ~~networks~~, green mobility, smart waste management, clean energy and energy efficiency measures including renovations and conversions of buildings, support to transition to a circular economy, land restoration and decontamination, as well as up- and re-skilling, training and social infrastructure, including social housing. Infrastructure developments may also include solutions leading to their enhanced resilience to withstand disasters. Investment in natural gas as a bridging technology towards renewable energy sources (RES) and an efficient and affordable way of fuel switching from higher emissive sources should be taken into account. Comprehensive investment approach should be favoured in particular for territories with important transition needs. Investments in other sectors could also be supported if they are consistent with the adopted territorial just transition plans. By supporting investments that do not generate sufficient revenues, the Facility aims at providing public sector entities with additional resources necessary to address the social, economic and environmental challenges resulting from the adjustment to climate transition. ~~In order to help identify investments with a high positive environmental impact eligible under the Facility, the EU taxonomy on environmentally sustainable economic activities may be used.~~

Amendment 29 #

Proposal for a regulation
Recital 5 a (new)

(5 a) Horizontal principles as set out in Article 3 of the Treaty on the European Union ('TEU') and in Article 10 of the Functioning of the European Union (TFEU), including principles of subsidiarity and proportionality as set out in Article 5 of the TEU should be respected in the implementation of the Facility, taking into account the Charter of Fundamental Rights of the European Union. Member States should also respect the obligations of the United Nations Convention on the Rights of the Child and of the United Nations Convention on the Rights of Persons with Disabilities and ensure accessibility in line with its Article 9 and in accordance with Union law harmonising accessibility requirements for products and services. The Facility should not support actions that contribute to any form of segregation or exclusion, or support infrastructure which is inaccessible to persons with a disability. Member States and the Commission should aim at eliminating inequalities and at promoting equality between men and women and integrating the gender perspective, as well as at combating discrimination based on sex, racial or ethnic origin, religion or belief, disability, age or sexual orientation.

Amendment 3 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL, Ondřej KNOTEK

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve the Union's 2030 climate and energy targets, and climate neutrality in the Union by 2050 in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the climate challenge while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 30 #

Proposal for a regulation
Recital 5 a (new)

(5 a) The Commission should adopt an exclusion list of investments that are detrimental to the targets set out in the Paris Agreement and the European Green Deal, and are not in line with the European Investment Bank's energy financing policy. These investments should be excluded from Union support provided by the Facility.

Amendment 31 #

Proposal for a regulation
Recital 5 b (new)

(5 b) The objectives of the Facility should be pursued in the framework of sustainable development and the Union's promotion of the aim of preserving, protecting and improving the quality of the environment as set out in Article 11 and Article 191(1) of the TFEU, taking into account the polluter pays principle and the commitment of limiting the temperature increase to 1.5°C above pre- industrial levels as agreed under the Paris Agreement.

Amendment 32 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA

Proposal for a regulation
Recital 5 c (new)

Amendment 33 #

Proposal for a regulation
Recital 6

Amendment 34 #

Proposal for a regulation
Recital 7

(7) The Facility should provide support in the form of grants provided by the Union combined with loans provided by a finance partner. The financial envelope of the grant component, implemented by the Commission in direct management should take the form of financing not linked to costs, in accordance with Article 125 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council (the ‘Financial Regulation’)12 . That form of financing should help incentivise project promoters to participate and contribute to the achievement of the Facility’s objectives in an efficient way relative to the size of the loan. The loan component should be provided by the European Investment Bank (‘the EIB’). The Facility may also be extended to other finance partners providing the loan component, where additional resources for the grant component become available or where it is required for the correct implementation. In that case, other finance partners should respect climate, environmental, social and transparency standards at least equivalent to those of the EIB. _________________ 12 Regulation (EU Euratom) 2018/1046.

Amendment 35 #

Proposal for a regulation
Recital 13

(13) In order to ensure that all Member States are granted the possibility to benefit from the grant component, a mechanism should be set up to establish earmarked national shares to be respected during a first stage, based on the distribution key proposed in the Just Transition Fund Regulation. The needs of less developed regions as referred to in Article [102(2)] of [Regulation (EU) 2020/XXX of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, and the European Maritime and Fisheries Fund and financial rules for those and for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument ("Common Provisions Regulation")] should be taken into account. However, in order to reconcile that objective with the need to optimise the economic impact of the Facility and its implementation, such national allocations should not be earmarked after 31 December 2024. Thereafter, the remaining resources available for the grant component should be provided without any pre-allocated national share and on a competitive basis at Union level, while ensuring predictability for investment and following a needs-based and regional convergence approach and promoting economic, social and territorial cohesion.

Amendment 36 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 14

Amendment 37 #

Proposal for a regulation
Recital 14

Amendment 38 #

Proposal for a regulation
Recital 14

(14) Specific eligibility conditions and award criteria should be set out in the work programme and the call for proposals. Those eligibility conditions and award criteria should include adherence to the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation, take into account the relevance of the project in the context of the development needs described in the territorial just transition plans, the overall objective of promoting regional and territorial convergence and the significance of the grant component for the viability of the project. Union Support established by this Regulation should thus only be made available to Member States with at least one territorial just transition plan adopted. The work programme and calls for proposals will also take into account the territorial just transition plans submitted by Member States to ensure that coherence and consistency across the different pillars of the mechanism is ensured.

Amendment 39 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Recital 15

Amendment 4 #

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards a new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve Union climate neutrality in ~~the Union by 2050 in~~ an effective and fair manner, and in the spirit of European solidarity, the European Green Deal announced a Just Transition Mechanism to provide means for facing the c~~limate c~~hallenges of the transition while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 40 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Recital 15

(15) Support under this Facility should only be provided to projects that adhere to the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation, and do not generate a sufficient stream of own revenues that would allow them to be financially viable and to be financed solely by loans provided on market terms. Own revenues should correspond to revenues, budgetary transfers excepted, generated directly by the activities carried out by the project, such as sales, fees or tolls and as incremental savings generated by the upgrade of existing assets.

Amendment 41 #

Proposal for a regulation
Recital 16 a (new)

(16 a) Given the relatively low grant component level, a number of projects could have an insufficient funding stream in order to be supported only by the Facility. This could lead to a lack of expected absorption in less developed regions where a lower-income public sector could experience difficulties in co- financing. Therefore, eligible projects should combine support under other Union programmes.

Amendment 42 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Recital 17

(17) In order to ensure an effective implementation of the Facility, it may be necessary to provide advisory support for the preparation, development, and implementation of projects, particularly regarding compliance with relevant sustainability criteria. This support should be provided through the InvestEU Advisory Hub.

Amendment 43 #

Proposal for a regulation
Recital 17

(17) In order to ensure an effective implementation of the Facility, it may be necessary to provide advisory support for the preparation, development, and implementation of projects, particularly regarding sustainability and adherence to the EU taxonomy established by Regulation (EU) 2020/852. This support should be provided through the InvestEU Advisory Hub.

Amendment 44 #

Proposal for a regulation
Recital 18 a (new)

(18 a) In order to improve transparency and accountability under this Facility, finance partners should publicly disclose all the relevant information on each project financed and the Commission should grant public access to its opinions issued on each project selected or financed by the EIB. The Commission should also report annually to the European Parliament and the Council on the implementation of the Facility in particular with regards to the results and impact of the Facility with respect to its objectives and performance indicators.

Amendment 45 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Recital 22

(22) The objective of this Regulation, namely to leverage public investment in territories, most impacted by the transition towards climate neutrality by addressing the corresponding development needs, cannot be sufficiently achieved by the Member States alone. The main reasons in this regard are the difficulties for public entities to support investments, which do not generate sufficient streams of own revenues and benefit the territories most negatively impacted by ~~clima~~the transition~~, without EU grant support~~ towards a climate-neutral economy, due to the Union's restrictive economic and budgetary policies and the need for a coherent implementation framework under direct management. Since those objectives can be better achieved at Union level, the Union may adopt measures, in accordance with the principle of subsidiarity as set out in Article 5 TEU. In accordance with the principle of proportionality as set out in that Article, this Regulation does not go beyond what is necessary in order to achieve that objective,

Amendment 46 #

Proposal for a regulation
Recital 22

Amendment 47 #

Lídia PEREIRA, Nathalie COLIN-OESTERLÉ, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Recital 22

Amendment 48 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral and circular economy of the Union by 2050 at the latest, in line with the EU taxonomy established by Regulation (EU) 2020/852 and in adherence to the "do not significant harm" principle referred to in that Regulation. No finance should go to activities that significantly harm the environmental objectives laid out in EU taxonomy.

Amendment 49 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, ~~environmental and~~ economic challenges deriving from the transition process towards ~~a climate-neutral economy of the Union~~the Union's 2030 targets for climate and energy, as established in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")] and a climate neutral economy by 2050.

Amendment 5 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Recital 1

(1) The Commission adopted a Communication on the European Green Deal on 11 December 20199 , drawing its roadmap towards an allegedly new growth policy for Europe and setting ambitious objectives to counter climate change and for environmental protection. In line with the objective to achieve climate neutrality in the Union ~~by 2050~~ in an effective and fair manner, the European Green Deal announced a Just Transition Mechanism to provide means for facing the ~~climate challenge~~transition towards a climate-neutral economy while leaving no one behind. The most vulnerable regions and people are the most exposed to the harmful effects of climate change and environmental degradation. At the same time, managing the transition requires significant structural changes. _________________ 9 COM(2019) 640 final.

Amendment 50 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic challenges deriving from the transition process towards the Union’s 2030 targets for climate and energy and a climate- neutral economy ofin the Union by 205040 at the latest as set out in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")].

Amendment 51 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support ~~benefitt~~to people ing Union territories facing diverse serious social, environmental and economic challenges deriving from the transition process towards a climate- neutral, environmentally sustainable, energy and resource efficient and circular economy of the Union by 2050 at the latest .

Amendment 52 #

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories ~~facing serious social, environmental and economic challenges deriving from the transition process towards a climate-neutral economy of the Union by 2050.~~as defined by Article 7 of [Regulation (EU) 2020/XXX establishing the Just Transition Fund ("JTF Regulation")]

Amendment 53 #

Lídia PEREIRA, Nathalie COLIN-OESTERLÉ, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Article 1 – paragraph 2

Amendment 54 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Article 1 – paragraph 2

The Facility shall provide support benefitting Union territories facing serious social, environmental and economic ~~challen~~damages deriving from the transition process towards a climate-neutral economy of the Union ~~by 2050~~.

Amendment 55 #

Proposal for a regulation
Article 2 – paragraph 1 – point 2

2. 'beneficiary' means a public sector legal entity established in a Member State as a public law body, or as a body governed by private law entrusted with a public service mission, or a state-owned enterprise, with whom a grant agreement has been signed under the Facility;

Amendment 56 #

Proposal for a regulation
Article 2 – paragraph 1 – point 5

Amendment 57 #

Proposal for a regulation
Article 2 – paragraph 1 – point 6 a (new)

6 a. 'transitional plan' means achieving climate neutrality and other sustainability targets, in line with EU taxonomy established by Regulation (EU) 2020/852 and the "do no significant harm" principle referred to in that Regulation. The progress should be measured by harmonised sustainability indicators, time-bound and science-based targets.

Amendment 58 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address diverse serious socio-al, environmental and economic challenges deriving from the transition process towards a climate-neutral ~~economy~~, environmentally sustainable, energy and resource efficient and circular economy of the Union by 2050 at the latest as laid down in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")], for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 59 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic and environmental challenges deriving from the transition process towards a climate-neutral ~~economy~~, environmentally sustainable, energy- and resource- efficient and circular economy by 2040 at the latest, for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation], in particular to contribute to the Union’s climate objectives as set out in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")].

Amendment 6 #

Proposal for a regulation
Recital 1 a (new)

(1 a) Different communities and citizens, depending on their social, geographic and historic circumstances, will be affected in different ways. Not all Member States, regions and cities start the transition from the same point or have the same capacity to respond. At the same time, it is important to recognize that not all regions and communities will benefit equally from a transition to a climate neutral economy and its socio-economic footprint, including welfare and jobs, will vary owing to a broad range of factors. The increase in employment opportunities in the transition forecast is unevenly distributed across different regions whereas job creation in new sectors is not necessarily neatly aligned, temporally or geographically, with job losses.

Amendment 60 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL, Ondřej KNOTEK

Proposal for a regulation
Article 3 – paragraph 1

Amendment 61 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic challenges deriving from the transition process towards a climate-neutral economy of the Union for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 62 #

Amendment 63 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Article 3 – paragraph 1

1. The general objective of the Facility is to address serious socio- economic ~~challen~~damages deriving from the transition process towards a climate-neutral economy for the benefit of the Union territories identified in the territorial just transition plans prepared by the Member States in accordance with Article 7 of Regulation [JTF Regulation].

Amendment 64 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 3 – paragraph 2

2. The Facility shall have the specific objective of increasing public sector investments, which address the development needs of regions identified in the territorial just transition plans, by facilitating the financing of projects that are consistent with the Union policies, in line with the Paris Agreement and its commitment to achieve climate neutrality by 2050 at the latest , that do not generate a sufficient stream of own revenues and would not be financed without the element of grant support from the Union budget.

Amendment 65 #

Proposal for a regulation
Article 3 – paragraph 2

Amendment 66 #

Proposal for a regulation
Article 4 – paragraph 1 – point a

(a) resources from the Union budget for an amount of EUR 25300 000 000 in ~~current~~2018 prices, and

Amendment 67 #

Proposal for a regulation
Article 4 – paragraph 1 – point b

(b) assigned revenue as referred to in paragraph 2 up to a maximum amount of EUR 1 275 000 000 in ~~current~~2018 prices.

Amendment 68 #

Proposal for a regulation
Article 4 – paragraph 5

5. An amount up to 2% of the resources referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the Facility such as preparatory, monitoring, control, audit, information, communication, publicity and evaluation activities including corporate information and technology systems, as well as administrative expenditure ~~and fees~~ of the finance partners.

Amendment 69 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL, Ondřej KNOTEK

Proposal for a regulation
Article 4 a (new)

Article 4 a Access to resources Access to the Facility shall be conditional on the adoption of a national objective towards the achievement of climate neutrality by 2050 at the latest. For those Member States, which have not yet committed to a national target for climate neutrality, only 50% of their national allocation shall be released, while the remaining 50% shall be made available once they have adopted that target.

Amendment 7 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 1 a (new)

(1 a) The financing and investment operations should be aligned with current policy priorities of the Union such as the European Green Deal and its commitment to achieve climate neutrality by 2050 at the latest, the Strategy on shaping Europe’s digital future and the European Pillar of Social Rights. These operations should support the creation or preservation of quality and sustainable jobs and cross-border activities within the Union as well as contribute to the green and digital transition of the European economy.

Amendment 70 #

Proposal for a regulation
Article 5 – paragraph 1

Amendment 71 #

Ondřej KNOTEK

Amendment 72 #

Proposal for a regulation
Article 6 – paragraph 3

3. For grants awarded pursuant to calls for proposals launched as from 1 January 2025, Union support awarded to eligible projects shall be provided without any pre-allocated national share and on a competitive basis at Union level until exhaustion of remaining resources. The award of such grants shall place special attention on less developed regions as referred to in Article [102(2)] of [Regulation (EU) 2020/XXX of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, and the European Maritime and Fisheries Fund and financial rules for those and for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument ("Common Provisions Regulation)"] and take into account the need to ensure predictability of investment and the promotion of regional econ~~vergence~~omic, social and territorial cohesion.

Amendment 73 #

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of an implementing act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] and the application of a redistributive factor taking into account the need of less developed regions as referred to in Article [102(2)] of [Regulation (EU) 2020/XXX of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, and the European Maritime and Fisheries Fund and financial rules for those and for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument ("Common Provisions Regulation")] in the form of percentages of the total available resources.

Amendment 74 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of a~~n implement~~ delegated act ing actcordance with Article 17 setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the total available resources.

Amendment 75 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA, Linea SØGAARD-LIDELL

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a decision by means of an implementing act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the ~~total available resources~~resources referred to in Article 4(1) of this Regulation.

Amendment 76 #

Pascal CANFIN, Nils TORVALDS, Martin HOJSÍK, Frédérique RIES, Irena JOVEVA

Proposal for a regulation
Article 6 – paragraph 4

4. The Commission shall adopt a de~~cision by means of an implementing~~legated act setting out the respective shares for each Member State resulting from the application of the methodology set out in Annex I of Regulation [JTF Regulation] in the form of percentages of the total available resources.

Amendment 77 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 6 – paragraph 4 a (new)

4 a. Access to the the grants made available under the Facility shall be conditional on the endorsement and demonstration of Member States commitment to the Union objective of climate neutrality by 2050 at the latest in their territorial just transition plans, as well as on the adoption of a long term strategy as referred to in Article 15 of Regulation (EU) 2018/19991a. _________________ 1a Regulation (EU) 2018/1999 of the European Parliament and of the Council of 11 December 2018 on the Governance of the Energy Union and Climate Action, amending Regulations (EC) No 663/2009 and (EC) No 715/2009 of the European Parliament and of the Council, Directives 94/22/EC, 98/70/EC, 2009/31/EC, 2009/73/EC, 2010/31/EU, 2012/27/EU and 2013/30/EU of the European Parliament and of the Council, Council Directives 2009/119/EC and (EU) 2015/652 and repealing Regulation (EU) No 525/2013 of the European Parliament and of the Council (OJ L 328, 21.12.2018, p. 1).

Amendment 78 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic ~~or environmental~~ challenges deriving from the transition process towards ~~a climate-neutral economy~~the Union's 2030 targets for climate and energy, as established in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")], and a climate neutral economy by 2050, are in line with Regulation (EU) 2020/852, and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 79 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a a climate-neutral ~~economy~~, environmentally sustainable, energy and resource efficient and circular economy of the Union by 2050 at the latest as laid down in [Regulation (EU) 2020/XXX establishing the framework for achieving climate neutrality and amending Regulation (EU) 2018/1999("European Climate Law")], and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 8 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Recital 2

(2) The Commission adopted a Communication on the European Green Deal Investment Plan10 on 14 January 2020, establishing the Just Transition Mechanism which focuses on the regions and sectors that are most affected by the transition given their dependence on fossil fuels, in~~cluding coal,~~ particular coal, but also peat and oil shale or greenhouse gas-intensive industrial processes but have less capacity to finance the necessary investments required by Union climate policies. The Just Transition Mechanism consists of three pillars: a Just Transition Fund implemented under shared management, a dedicated just transition scheme under InvestEU, and a public sector loan facility to mobilise additional investments to the regions concerned. _________________ 10 COM(2020) 21 final.

Amendment 80 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral ~~economy and benefit~~, environmentally sustainable, energy- and resource- efficient and circular economy by 2040 at the latest, and contribute to the objectives and needs of the territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 81 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects that are in line with the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation, achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral and circular economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 82 #

Lídia PEREIRA, Pernille WEISS, Cindy FRANSSEN, Dolors MONTSERRAT, Michal WIEZIK, Radan KANEV

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a climate-neutral ~~economy~~and circular economy, are in line with the EU taxonomy established by Regulation (EU) 2020/852 and the "do not significant harm" principle referred to in that Regulation and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 83 #

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental challenges deriving from the transition process towards a Union climate-neutral economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 84 #

Silvia SARDONE, Danilo Oscar LANCINI, Lucia VUOLO, Marco DREOSTO, Vincenzo SOFO, Luisa REGIMENTI

Proposal for a regulation
Article 8 – paragraph 1 – point a

(a) the projects achieve measurable impact in addressing serious social, economic or environmental ~~challen~~damages deriving from the transition process towards a climate-neutral economy and benefit territories identified in a territorial just transition plan, even if they are not located in those territories;

Amendment 85 #

Proposal for a regulation
Article 8 – paragraph 1 – point a a (new)

(a a) the projects are consistent with the technical screening criteria established by Regulation (EU) 2019/2088;

Amendment 86 #

Ondřej KNOTEK

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 87 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA, Pietro FIOCCHI

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 88 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

~~(b) the projects do not receive support under any other Union programmes;~~deleted

Amendment 89 #

Proposal for a regulation
Article 8 – paragraph 1 – point b

(b) the projects do not significant harm any of the environmental objectives laid out in the EU taxonomy established by Regulation (EU) 2020/852, nor receive support under any other Union programmes;

Amendment 9 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Recital 2

Amendment 90 #

Proposal for a regulation
Article 8 – paragraph 1 – point b a (new)

(b a) the projects that support directly or indirectly, investment related to the production, processing, distribution, storage, transport or combustion of fossil fuels;

Amendment 91 #

Proposal for a regulation
Article 8 – paragraph 1 – point d

(d) the projects do not generate a sufficient stream of own revenues a~~llowing them to be financ~~nd would not be realised without Union support.

Amendment 92 #

Proposal for a regulation
Article 8 – paragraph 1 – point d a (new)

(d a) the projects have been subject to a gender impact assessment.

Amendment 93 #

Proposal for a regulation
Article 8 a (new)

Article 8 a Excluded activities The following activities shall be excluded from the scope of Union support under this Facility: (a) the decommissioning, mantainance, adaptation or the construction of nuclear power stations as well as the as well as the management or storage of nuclear waste; (b) the manufacturing, processing, distribution and marketing of tobacco and tobacco products; (c) investment related to the production, processing, distribution, storage or combustion of fossil fuels; (d) investment in airport and motorways infrastructures; (e) projects that are inconsistent with the achievement of the Union’s climate and environmental objectives or that are incompatible with the "do not significant harm" principle referred to in Regulation (EU) 2020/852 or any other investments which would hamper the development and deployment of low- carbon alternatives or which lead to lock- in effects.

Amendment 94 #

Alexandr VONDRA, Jadwiga WIŚNIEWSKA, Hermann TERTSCH, Grzegorz TOBISZOWSKI, Joanna KOPCIŃSKA, Anna ZALEWSKA

Proposal for a regulation
Article 8 a (new)

Article 8 a The Commission shall adopt an exclusion list of investments that are detrimental to the targets set out in the Paris Agreement and the European Green Deal, and are not in line with the EIB's energy financing policy, and which shall thereby not receive Union support provided by the Facility.

Amendment 95 #

Proposal for a regulation
Article 10 – paragraph 2

2. The amount of the grant shall not exceed 15% of the amount of the loan provided by the finance partner under this Facility. For projects located in territories in NUTS level 2 regions with a GDP per capita not exceeding 75% of the average GDP of the EU-27 as referred to in Article [102(2)] of Regulation [new CPR], the amount of the grant shall not exceed 205% of the amount of the loan provided by the finance partner. For projects located in territories in NUTS level 2 regions with a GDP per capita of between 75 % and 100 % of the average GDP of the EU-27 as referred to in Article [102(2)] of [Regulation (EU) 2020/XXX of the European Parliament and of the Council laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, and the European Maritime and Fisheries Fund and financial rules for those and for the Asylum and Migration Fund, the Internal Security Fund and the Border Management and Visa Instrument ("Common Provisions Regulation")], which in the 2014-2020 programming period were classified as less developed regions, the amount of the grant shall not exceed 25 % of the amount of the loan provided by the finance partner.

Amendment 96 #

Simona BONAFÈ, Sara CERDAS, Javi LÓPEZ, César LUENA, Alessandra MORETTI, Milan BRGLEZ, Nicolás GONZÁLEZ CASARES, Manuel PIZARRO, Rovana PLUMB, Christel SCHALDEMOSE

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by work programmes established in accordance with Article 110 of the Financial Regulation. The Commission shall adopt delegated acts in accordance with Article 17 in order to establish work programmes The work programmes shall specify the criteria and conditions for the selection and for the prioritisation of projects, taking into account the relevant screening criteria laid down by Regulation (EU) 2020/852, the project’s ability to meet the objectives and needs identified in the territorial just transition plans, the contribution to the transition towards a climate-neutral, environmentally sustainable, energy and resource efficient and circular economy of the Union by 2050 at the latest, the overall objective of promoting regional and territorial convergence and the grant’s contribution to the viability of projects. The work programmes shall set out the national shares of resources, including any additional resources, for each Member State in accordance with Articles 4(1) and 6(2) of this Regulation.

Amendment 97 #

Proposal for a regulation
Article 13 – paragraph 1

The Facility shall be implemented by annual work programmes established in accordance with Article 110 of the Financial Regulation. The work programmes shall ~~set out the national shares of resources, including any additional resources, for each Member Sta~~be adopted by the Commission by means of a delegated act. Those delegated acts shall be adopted in accordance ~~with~~ Article~~s 4(1) and 6(2)~~ 17 of this Regulation. The work programmes shall set out calls for proposals including the possibility for commitment of all national shares until 31 December 2024

Amendment 98 #

Proposal for a regulation
Article 13 a (new)

Article 13 a Selection of finance partners other than the EIB The Commission shall adopt delegated acts in accordance with Article 17 in order to set out the details of eligibility conditions and selection procedures for finance partners other than EIB. The eligibility conditions for the finance partners other than the EIB shall reflect the objectives of the Facility. In particular, when selecting the finance partners, the Commission shall take into account their capacity: (a) to ensure that their energy lending policy and standards are at least as stringent as the ones applied by the EIB; (b) to maximise the impact of the Union guarantee through own resources; (c) to ensure appropriate geographical diversification of the Facility and allow for the financing of smaller projects; (d) to implement thoroughly the requirements set out in Articles 155(2) and 155(3) of the Financial Regulation concerning tax avoidance, tax fraud, tax evasion, money laundering, terrorism financing and non-cooperative jurisdictions; (e) to ensure transparency and public access to information concerning each project; (f) to ensure the consistency of their lending policy with the new Union’s 2030 targets for climate and energy and the objective of a climate neutral economy in the Union by 2040 and the alignment with the Union commitments under the Paris Agreement; (g) to integrate the analysis of environmental, climate, social and governance factors in the selection and evaluation of projects. The Commission shall publish the selection results.

Amendment 99 #