12 Amendments of Nils TORVALDS related to 2020/2058(INI)
Amendment 73 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’ principle; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % tot least 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050;
Amendment 95 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the success of the EU’s aim to achieve climate neutrality by 2050 at latest will depend on the adequacy of the financingpublic and private financing and coherent legislation and policy actions;
Amendment 139 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to the fight against climate change and environmental degradation, and looks forward to the Commission’s upcoming climate and biodiversity tracking methodology using appropriately the criteria established by the EU taxonomy;
Amendment 151 #
Draft opinion
Paragraph 9
Paragraph 9
Amendment 210 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines the fact that, in order to meet its obligations under the Paris Agreement and the Green Deal´s climate and environmental ambitions, the EU’s contribution to the climatse objectives should be based on solid proofing and underpinned by an ambitious share of climate-related expenditure in the EU budget, going beyond the levels of targeted spending shares of at least 25 %40% for climate and 10% for biodiversity over the MFF 2021- 2027 period and of 30% as soon as possible and at the latest by 2027;
Amendment 216 #
Motion for a resolution
Paragraph 9 a (new)
Paragraph 9 a (new)
9a. Calls on the Commission to disclose which part of the Union's expenditure or investments from MFF and Next Generation EU fund are compliant with the taxonomy categories as set out in the EU Taxonomy regulation;
Amendment 272 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Notes that the Innovation Fund and the Modernisation Fund should make a significant contribution to the sustainable transition, and welcomes in particular the fact that the Modernisation Fund is designed to support investments to improve energy efficiency in 10 lower-income Member States and is therefore an important tool in ensuring a just transition while highlighting the need for heightened scrutiny as harmful investments should not be eligible under the Modernisation Fund;
Amendment 286 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate and environmental objectives also through its revenue side;
Amendment 320 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
14a. Calls on the Commission to adopt by June 2021 an updated tracking methodology to monitor and report trends regarding capital flows towards sustainable investments as per the EU Taxonomy regulation;
Amendment 387 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17a. Calls on the ECB to disclose annually its degree of alignment with the Paris Agreement and its exposure to the EU Taxonomy;
Amendment 394 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data register, and mainstreaming sustainability within all financial legislation through legislative reviews;
Amendment 440 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Calls on the European Supervisory Authorities (ESAs), together with national competent authorities (NCAs), to develop annual climate scenario testing on financial institutions they supervise, as currently discussed in the NGFS, in order to understand climate-related financial risks in portfolios of relevant EU financial institutions;