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Events

2021/03/22
   EC - Commission response to text adopted in plenary
Documents
2020/11/13
   EP - Results of vote in Parliament
2020/11/13
   EP - Decision by Parliament
Details

The European Parliament adopted by 471 votes to 134, with 83 abstentions, a resolution on the sustainable Europe investment plan - how to finance the Green Deal.

Members recalled the Commission's estimate that the EU-wide investment needed to meet the current climate targets for 2030 amounts to EUR 240 billion per year. Adding the additional amounts for environmental objectives, social infrastructure and transport infrastructure, this represents a total investment requirement of at least EUR 662 billion per year.

Achieving the EU's environmental objectives

Parliament welcomed the Commission's recovery plan for Europe, in which the European green deal and the digitisation strategy are central. It endorsed the principle that public investment will respect the principle of 'no significant harm', which applies to both social and environmental objectives.

The green transition should focus on reducing existing and potentially widening disparities between Member States, strengthening competitiveness and creating sustainable and quality jobs.

The resolution also stressed that climate investments should be in line with the EU taxonomy and that national recovery plans should be aligned with national energy and climate plans (NECPs).

Members questioned whether the investment plan for a sustainable Europe could mobilise EUR 100 billion by 2030, given the unfavourable economic outlook caused by the COVID-19 pandemic, and how the new Multiannual Financial Framework (MFF) will help achieve the plan's objectives. They called on the Commission and Member States to present plans explaining how they will bridge the large investment gap with private and public investment.

EU budget: targeting, triggering and catalysing financial resources

Parliament stressed the central role of the EU budget in implementing the strategic European investment plan. It reiterated that new initiatives should always be assessed from a sustainability perspective, be financed by additional appropriations, and should not have a negative impact on other policies. It stressed the importance of sustainable private investment in achieving the objectives of the plan.

The resolution stressed that the climate spending target should apply to the MFF as a whole and that a 37% climate target should apply to Next Generation EU spending. It called on the Commission to establish a meaningful and transparent framework for monitoring and controlling climate-related spending from the EU budget. It also called for the principle of Just Transition to be mainstreamed throughout the Green Deal and for the Just Transition Fund to focus on regions most dependent on fossil fuels.

Parliament stressed the important role of the Common Agricultural Policy, the Common Fisheries Policy and the Cohesion Policy in supporting the transition to climate neutrality. It called for a basket of new own resources to be included in the EU budget from 2021 and for the proceeds of the new own resources to be sufficient to cover at least the repayment obligations under the recovery instrument.

Financial institutions - enabling the implementation of the Green Deal

Parliament welcomed the EIB's decision to revise its energy lending policy and climate strategy and to devote 50% of its operations to climate action and environmental sustainability from 2025 onwards to meet the EU’s obligations under the Paris agreement. It stressed that the EIB's response to the COVID-19 pandemic should be consistent with the objective of the Sustainable Europe Investment Plan.

Members encouraged the EIB to play an active role in supporting projects that contribute to a just transition, such as research, innovation and digitisation, access to finance for SMEs, as well as social investment and skills. In addition, the fight against climate change and the promotion of sustainability should be further considered in the ECB's policies.

Mobilising private investment for a sustainable recovery

Supporting a renewed strategy on sustainable finance, Parliament stressed the need for (i) an evolving EU eco-label for financial products, (ii) an EU green bond standard, and (iii) more reliable, comparable and accessible data on sustainability obtained by harmonising sustainability indicators.

The resolution stressed that companies should be able to monitor the availability of their data in the single European access point. The Commission is invited to:

- present a legislative proposal on a single European access point for financial and non-financial information on EU companies, whether listed or not,

- harmonise the transparency requirements of the Directive on the publication of non-financial information and to align them with those of the Regulation establishing a taxonomy,

- establish an effective system for monitoring data and reporting on the implementation of the Sustainable Europe Investment Plan.

Promoting sustainable public investment in times of crisis

Parliament called for the creation of an instrument for sustainable public investment to achieve the objectives set out in the European Green Deal. However, it stressed that, whatever the financing model is chosen, increased levels of public investment should contribute to the sustainability of public finance in the EU. It encouraged the Commission to map best practices on green budgeting.

Members called for public support for the transport sector, in particular airlines, the tourism sector and the automotive sector, to be used in a sustainable manner. They called for particular attention to be paid to access to finance for micro-enterprises and SMEs and called for the mainstreaming of sustainable public procurement and tendering.

Lastly, they insisted that the ‘do no harm’ principle of the European Green Deal be applied to all recovery plans.

Documents
2020/11/13
   EP - End of procedure in Parliament
2020/11/12
   EP - Debate in Parliament
2020/10/26
   EP - Committee report tabled for plenary, single reading
Documents
2020/10/26
   EP - Committee report tabled for plenary
Documents
2020/10/16
   EP - Vote in committee
2020/07/23
   EP - Committee opinion
Documents
2020/07/16
   EP - Committee opinion
Documents
2020/07/14
   EP - Committee opinion
Documents
2020/07/09
   EP - Committee opinion
Documents
2020/07/03
   EP - Amendments tabled in committee
Documents
2020/06/03
   EP - Committee draft report
Documents
2020/05/15
   EP - Committee referral announced in Parliament
2020/05/15
   EP - Referral to associated committees announced in Parliament
2020/05/15
   EP - Referral to joint committee announced in Parliament
2020/05/13
   EP - NAGTEGAAL Caroline (Renew) appointed as rapporteur in TRAN
2020/05/12
   EP - DE MEO Salvatore (EPP) appointed as rapporteur in AGRI
2020/04/17
   EP - KOKKALIS Petros (GUE/NGL) appointed as rapporteur in ENVI
2020/04/02
   EP - MUREŞAN Siegfried (EPP) appointed as rapporteur in ['BUDG', 'ECON']
2020/04/02
   EP - TANG Paul (S&D) appointed as rapporteur in ['BUDG', 'ECON']
2020/03/11
   EP - FRANZ Romeo (Verts/ALE) appointed as rapporteur in CULT

Documents

Activities

Votes

A9-0198/2020 - Siegfried Mureșan, Paul Tang - Am 1 #

2020/11/12 Outcome: +: 342, -: 302, 0: 44
FR ES PT DK BE FI SE IE EE CY SK BG LU HR LT SI LV DE EL AT MT NL RO HU IT CZ PL
Total
79
58
21
14
21
11
20
12
7
6
14
16
6
12
10
8
8
94
19
18
6
28
32
21
75
21
51
icon: S&D S&D
141

Estonia S&D

2

Cyprus S&D

2

Luxembourg S&D

For (1)

1

Lithuania S&D

2

Slovenia S&D

2

Latvia S&D

2

Greece S&D

2
icon: Verts/ALE Verts/ALE
67

Spain Verts/ALE

3

Portugal Verts/ALE

1

Denmark Verts/ALE

2

Belgium Verts/ALE

3

Finland Verts/ALE

2

Sweden Verts/ALE

3

Ireland Verts/ALE

2

Luxembourg Verts/ALE

For (1)

1

Lithuania Verts/ALE

2

Latvia Verts/ALE

1

Austria Verts/ALE

3

Netherlands Verts/ALE

2

Czechia Verts/ALE

3

Poland Verts/ALE

For (1)

1
icon: Renew Renew
95

Finland Renew

3

Ireland Renew

2

Estonia Renew

3

Slovakia Renew

2

Luxembourg Renew

2

Croatia Renew

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1

Lithuania Renew

1

Slovenia Renew

2

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1

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1

Hungary Renew

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Italy Renew

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1
icon: GUE/NGL GUE/NGL
39

Portugal GUE/NGL

4

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1

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1

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1

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1
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28

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2

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1
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75

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icon: ECR ECR
62
3

Slovakia ECR

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2

Germany ECR

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1

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4

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icon: PPE PPE
181

Denmark PPE

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Belgium PPE

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Cyprus PPE

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Slovenia PPE

4

Latvia PPE

2

Malta PPE

2

A9-0198/2020 - Siegfried Mureșan, Paul Tang - Am 10 #

2020/11/12 Outcome: +: 342, -: 303, 0: 43
FR ES DK PT NL BE IE FI EE SE LU MT CY HR EL BG LT SI LV DE SK AT HU RO CZ IT PL
Total
79
58
14
21
28
21
12
11
7
20
6
6
6
12
19
16
10
8
8
94
14
18
21
32
21
75
51
icon: S&D S&D
141

Estonia S&D

2

Luxembourg S&D

For (1)

1

Cyprus S&D

Abstain (1)

2

Greece S&D

2

Lithuania S&D

2

Slovenia S&D

2

Latvia S&D

2
icon: Verts/ALE Verts/ALE
67

Spain Verts/ALE

3

Denmark Verts/ALE

2

Portugal Verts/ALE

1

Netherlands Verts/ALE

2

Belgium Verts/ALE

3

Ireland Verts/ALE

2

Finland Verts/ALE

2

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3

Luxembourg Verts/ALE

For (1)

1

Lithuania Verts/ALE

2

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1

Austria Verts/ALE

3

Czechia Verts/ALE

3

Poland Verts/ALE

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1
icon: Renew Renew
95

Ireland Renew

2

Finland Renew

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3

Estonia Renew

3

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2

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1

Slovenia Renew

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Latvia Renew

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1

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1

Hungary Renew

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1
icon: GUE/NGL GUE/NGL
39

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1
icon: NI NI
28

Netherlands NI

1

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2

Germany NI

2

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2

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1
icon: ID ID
75

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1

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2
icon: ECR ECR
62

Netherlands ECR

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4
3

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1

Greece ECR

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1

Bulgaria ECR

2

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Germany ECR

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icon: PPE PPE
181

Denmark PPE

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Belgium PPE

4

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1

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2

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2

Cyprus PPE

2

Slovenia PPE

4

Latvia PPE

2

A9-0198/2020 - Siegfried Mureșan, Paul Tang - Am 2 #

2020/11/12 Outcome: -: 315, 0: 210, +: 163
FR DK IE CY SK LU SI BE FI EE MT SE LT LV PT HR EL ES AT HU BG NL DE CZ RO IT PL
Total
79
14
12
6
14
6
8
21
11
7
6
20
10
8
21
12
19
58
18
21
16
28
94
21
32
75
51
icon: Verts/ALE Verts/ALE
67

Denmark Verts/ALE

2

Ireland Verts/ALE

2

Luxembourg Verts/ALE

For (1)

1

Belgium Verts/ALE

3

Finland Verts/ALE

2

Sweden Verts/ALE

3

Lithuania Verts/ALE

2

Latvia Verts/ALE

1

Portugal Verts/ALE

1

Spain Verts/ALE

3

Austria Verts/ALE

3

Netherlands Verts/ALE

2

Czechia Verts/ALE

3

Poland Verts/ALE

For (1)

1
icon: GUE/NGL GUE/NGL
39

Denmark GUE/NGL

1

Cyprus GUE/NGL

2

Belgium GUE/NGL

For (1)

1

Finland GUE/NGL

For (1)

1

Sweden GUE/NGL

For (1)

1

Portugal GUE/NGL

4

Netherlands GUE/NGL

For (1)

1

Czechia GUE/NGL

Abstain (1)

1
icon: S&D S&D
141

Cyprus S&D

2

Slovakia S&D

For (1)

3

Luxembourg S&D

For (1)

1

Slovenia S&D

2

Belgium S&D

Abstain (1)

3

Finland S&D

2

Estonia S&D

2

Lithuania S&D

2

Latvia S&D

2

Greece S&D

Against (1)

Abstain (1)

2
icon: NI NI
28

Slovakia NI

2

Croatia NI

Abstain (1)

2

Hungary NI

Abstain (1)

1

Netherlands NI

Against (1)

1

Germany NI

2
icon: Renew Renew
95

Ireland Renew

2

Slovakia Renew

2

Luxembourg Renew

2

Slovenia Renew

For (1)

Abstain (1)

2

Finland Renew

Abstain (1)

3

Estonia Renew

3

Sweden Renew

For (1)

3

Lithuania Renew

Abstain (1)

1

Latvia Renew

Abstain (1)

1

Croatia Renew

Abstain (1)

1

Austria Renew

For (1)

1

Hungary Renew

2

Bulgaria Renew

3

Italy Renew

Abstain (1)

1
icon: ID ID
75

Denmark ID

Abstain (1)

1

Finland ID

2

Estonia ID

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1

Austria ID

3

Netherlands ID

Against (1)

1

Czechia ID

Against (2)

2
icon: ECR ECR
62

Slovakia ECR

Against (1)

2
3

Lithuania ECR

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1

Latvia ECR

2

Croatia ECR

Against (1)

1

Greece ECR

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1

Bulgaria ECR

2

Netherlands ECR

Abstain (1)

4

Germany ECR

Abstain (1)

1

Romania ECR

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1
icon: PPE PPE
181

Denmark PPE

Against (1)

1

Cyprus PPE

2

Slovakia PPE

For (1)

Abstain (1)

5

Luxembourg PPE

2

Slovenia PPE

4

Belgium PPE

4

Finland PPE

Against (1)

1

Estonia PPE

Against (1)

1

Malta PPE

2

Latvia PPE

2

A9-0198/2020 - Siegfried Mureșan, Paul Tang - Am 3 #

2020/11/12 Outcome: +: 359, -: 297, 0: 32
FR ES PT DE DK BE SE IE SK FI EE CY RO LU MT HR BG LT SI LV AT EL NL HU CZ IT PL
Total
79
58
21
94
14
21
20
12
14
11
7
6
32
6
6
12
16
10
8
8
18
19
28
21
21
75
51
icon: S&D S&D
141

Finland S&D

Abstain (1)

2

Estonia S&D

2

Cyprus S&D

2

Luxembourg S&D

For (1)

1

Lithuania S&D

2

Slovenia S&D

2

Latvia S&D

2

Greece S&D

Abstain (1)

2
icon: Renew Renew
95

Ireland Renew

2

Slovakia Renew

2

Finland Renew

Abstain (1)

3

Estonia Renew

3

Luxembourg Renew

2

Croatia Renew

For (1)

1

Lithuania Renew

1

Slovenia Renew

2

Latvia Renew

For (1)

1

Austria Renew

For (1)

1

Hungary Renew

2

Italy Renew

For (1)

1
icon: Verts/ALE Verts/ALE
67

Spain Verts/ALE

3

Portugal Verts/ALE

1

Denmark Verts/ALE

2

Belgium Verts/ALE

3

Sweden Verts/ALE

3

Ireland Verts/ALE

2

Finland Verts/ALE

2

Luxembourg Verts/ALE

For (1)

1

Lithuania Verts/ALE

2

Latvia Verts/ALE

1

Austria Verts/ALE

3

Netherlands Verts/ALE

2

Czechia Verts/ALE

3

Poland Verts/ALE

For (1)

1
icon: GUE/NGL GUE/NGL
39

Denmark GUE/NGL

1

Belgium GUE/NGL

For (1)

1

Sweden GUE/NGL

For (1)

1

Finland GUE/NGL

For (1)

1

Cyprus GUE/NGL

2

Netherlands GUE/NGL

For (1)

1

Czechia GUE/NGL

1
icon: NI NI
28

Germany NI

2

Slovakia NI

Abstain (1)

2

Croatia NI

Abstain (1)

2

Netherlands NI

Against (1)

1

Hungary NI

Against (1)

1
icon: ID ID
75

Denmark ID

For (1)

1

Finland ID

2

Estonia ID

Against (1)

1

Austria ID

3

Netherlands ID

Against (1)

1

Czechia ID

Against (2)

2
icon: ECR ECR
62

Germany ECR

Abstain (1)

1
3

Slovakia ECR

Against (1)

2

Romania ECR

Against (1)

1

Croatia ECR

Against (1)

1

Bulgaria ECR

2

Lithuania ECR

Against (1)

1

Latvia ECR

2

Greece ECR

Abstain (1)

1

Netherlands ECR

Abstain (1)

4
icon: PPE PPE
181

Denmark PPE

Against (1)

1

Belgium PPE

4

Finland PPE

Against (1)

1

Estonia PPE

Against (1)

1

Cyprus PPE

2

Luxembourg PPE

2

Malta PPE

2

Slovenia PPE

4

Latvia PPE

2

A9-0198/2020 - Siegfried Mureșan, Paul Tang - Am 4 #

2020/11/12 Outcome: +: 339, -: 325, 0: 24
ES FR DK PT BE AT IE NL FI EE SE LU MT CY SK HR BG LT SI LV DE EL HU RO IT CZ PL
Total
58
79
14
21
21
18
12
28
11
7
20
6
6
6
14
12
16
10
8
8
94
19
21
32
75
21
51
icon: S&D S&D
141

Estonia S&D

2

Luxembourg S&D

For (1)

1

Cyprus S&D

Abstain (1)

2

Lithuania S&D

2

Slovenia S&D

2

Latvia S&D

2

Greece S&D

For (1)

Abstain (1)

2
icon: Verts/ALE Verts/ALE
67

Spain Verts/ALE

3

Denmark Verts/ALE

2

Portugal Verts/ALE

1

Belgium Verts/ALE

3

Austria Verts/ALE

3

Ireland Verts/ALE

2

Netherlands Verts/ALE

2

Finland Verts/ALE

2

Sweden Verts/ALE

3

Luxembourg Verts/ALE

For (1)

1

Lithuania Verts/ALE

2

Latvia Verts/ALE

1

Czechia Verts/ALE

3

Poland Verts/ALE

For (1)

1
icon: Renew Renew
95

Austria Renew

For (1)

1

Ireland Renew

2

Finland Renew

For (1)

3

Estonia Renew

3

Sweden Renew

For (1)

3

Luxembourg Renew

2

Slovakia Renew

2

Croatia Renew

For (1)

1

Lithuania Renew

1

Slovenia Renew

2

Latvia Renew

For (1)

1

Hungary Renew

2

Italy Renew

For (1)

1
icon: GUE/NGL GUE/NGL
39

Denmark GUE/NGL

1

Belgium GUE/NGL

For (1)

1

Netherlands GUE/NGL

For (1)

1

Finland GUE/NGL

For (1)

1

Sweden GUE/NGL

For (1)

1

Cyprus GUE/NGL

2

Czechia GUE/NGL

Abstain (1)

1
icon: NI NI
28

Netherlands NI

1

Slovakia NI

Abstain (1)

2

Croatia NI

Abstain (1)

2

Germany NI

2

Hungary NI

1
icon: ECR ECR
62

Netherlands ECR

4
3

Slovakia ECR

2

Croatia ECR

Against (1)

1

Bulgaria ECR

2

Lithuania ECR

Against (1)

1

Latvia ECR

2

Germany ECR

Against (1)

1

Greece ECR

Abstain (1)

1

Romania ECR

Against (1)

1
icon: ID ID
75

Denmark ID

For (1)

1

Austria ID

3

Netherlands ID

Against (1)

1

Finland ID

2

Estonia ID

Against (1)

1

Czechia ID

Against (2)

2
icon: PPE PPE
181

Denmark PPE

Against (1)

1

Belgium PPE

4

Finland PPE

Against (1)

1

Estonia PPE

Against (1)

1

Luxembourg PPE

2

Malta PPE

2

Cyprus PPE

2

Slovenia PPE

4

Latvia PPE

2

A9-0198/2020 - Siegfried Mureșan, Paul Tang - Am 5 #

2020/11/12 Outcome: +: 355, -: 252, 0: 81
FR ES IT DK NL BE PT AT SK SE IE FI DE EE CY RO LU MT HR EL BG LT SI LV HU CZ PL
Total
79
58
75
14
28
21
21
18
14
20
12
11
94
7
6
32
6
6
12
19
16
10
8
8
21
21
51
icon: S&D S&D
141

Estonia S&D

2

Cyprus S&D

2

Luxembourg S&D

For (1)

1

Greece S&D

2

Lithuania S&D

2

Slovenia S&D

2

Latvia S&D

2
icon: Renew Renew
95

Italy Renew

For (1)

1

Austria Renew

For (1)

1

Slovakia Renew

2

Ireland Renew

2

Finland Renew

Abstain (1)

3

Estonia Renew

3

Luxembourg Renew

2

Croatia Renew

For (1)

1

Lithuania Renew

1

Slovenia Renew

2

Latvia Renew

For (1)

1

Hungary Renew

2
icon: Verts/ALE Verts/ALE
67

Spain Verts/ALE

3

Denmark Verts/ALE

2

Netherlands Verts/ALE

2

Belgium Verts/ALE

3

Portugal Verts/ALE

1

Austria Verts/ALE

3

Sweden Verts/ALE

3

Ireland Verts/ALE

2

Finland Verts/ALE

2

Luxembourg Verts/ALE

For (1)

1

Lithuania Verts/ALE

2

Latvia Verts/ALE

1

Czechia Verts/ALE

3

Poland Verts/ALE

For (1)

1
icon: GUE/NGL GUE/NGL
39

Denmark GUE/NGL

1

Netherlands GUE/NGL

For (1)

1

Belgium GUE/NGL

For (1)

1

Portugal GUE/NGL

4

Sweden GUE/NGL

For (1)