Activities of Benedek JÁVOR related to 2015/0009(COD)

Proposal for a regulation
Recital 16

(16) The EFSI should target investments that are expected to be socially, environmentally, economically and technically viable, which may entail a degree of appropriate risk, whilst still meeting the particular requirements for EFSI financing.

2015/03/31
Committee: ENVI

Proposal for a regulation
Recital 26

(26) Alongside the financing operations that will be conducted through the EFSI, a European Investment Advisory Hub ('EIAH') should be created. The EIAH should provide strengthened support for project development and preparation across the Union, by building on the expertise of the Commission, the EIB, national promotional banks and the managing authorities of the European Structural and Investment Funds. This should establish a single point of entry for questions related to technical assistance for investments within the Union and be suited especially to address the needs of SMEs.

2015/03/31
Committee: ENVI

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

The purpose of the EFSI shall be to support investments in the Union and to ensure increased access to financing for ~~companies having up to 3000 employees, with a particular focus on~~ small and medium enterprises, through the supply of risk bearing capacity to the EIB ('EFSI Agreement').

2015/03/31
Committee: ENVI

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

The EFSI Agreement shall provide that there is a clear distinction between operations carried out with the EFSI support and other operations of the EIB. Such additionality shall be ensured by the Steering Board on the basis of the risk profile of the EFSI and on the fulfilment of the policy objectives set in Art. 5(2).

2015/03/31
Committee: ENVI

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

The EFSI Agreement shall provide for the creation of a European Investment Advisory Hub ('EIAH') within the EIB. The EIAH shall have as its objective to build upon existing EIB and Commission advisory services in order to provide advisory support for investment project identification, preparation and development by highlighting projects with multiple benefits particularly in the fields of sustainable energy, sustainable mobility and sustainable resource management, and act as a single technical advisory hub for project financing within the Union. This shall include support on the use of technical assistance for project structuring, use of innovative financial instruments, use of public-private partnerships and advice, as appropriate, on relevant issues of EU legislation.

2015/03/31
Committee: ENVI

Proposal for a regulation
Article 3 – paragraph 1

1. The EFSI Agreement shall provide that the EFSI shall be governed by a Steering Board, which shall determine the strategic orientation, the strategic asset allocation and operating policies and procedures, including the investment policy of projects that EFSI can support and the risk profile of the EFSI~~, in conformity with the objectives under Article 5(2). The Steering Board shall~~ with an appropriate risk sharing between private investors and EU taxpayers, in conformity with the objectives under Article 5(2) and to ensure sustainability of the projects. The Steering Board shall operate in a fully transparent manner and elect one of its members to be Chairperson.

2015/03/31
Committee: ENVI

Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 2

The Investment Committee shall be composed of six independent experts and the Managing Director. Independent experts shall have a high level of relevant market experience in project finance, in environmental or social fields and be appointed by the Steering Board for a renewable fixed term of three years. It must be ensured that project selection is performed in a fully transparent and accountable manner based on EIB principles alongside with a set of sustainability criteria providing a clear assessment of climate, biodiversity, air quality and water quality effects of the projects. All information concerning the activities of the Investment Committee including agendas and minutes should be made publicly available.

2015/03/31
Committee: ENVI

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

In order to ensure proper project selection and follow-up with due regard to long term sustainability, the EFSI agreement shall establish a Civil Society Platform in charge of monitoring EFSI project selection and all financing or investment operations. The Civil Society Platform shall mirror the structure of the Investment Committee. Members of the Platform are to be suggested to the European Parliament and the Council and to be approved by a vote. The Civil Society Platform may veto any operation providing it has reasonable doubts regarding the fulfilment of requirements and restrictions of Article 5, any operation where it suspects a conflict of interest of any member of the Steering Committee or the investment Committee.

2015/03/31
Committee: ENVI

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

(a) development of sustainable infrastructure in compliance with the EU's long term climate, energy and environment policy goals, including in the areas of low-emission transport, particularly sustainable modes of transport, eco-friendly solutions in industrial centres; sustainable energy, in particular smart grids, smart meters, energy storage capacities, renewables and energy interconnections; and digital infrastructure;

2015/03/31
Committee: ENVI

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

(c) reducing energy demand, expansion of renewable energy ~~and energy and resource efficiency~~, sustainable energy technologies, decentralisation of the energy systems, resource and energy efficiency measures, in particular demand side solutions and in-depth renovation of buildings;

2015/03/31
Committee: ENVI

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

(d) infrastructure projects in the field of environment~~al,~~ and natural resources, and others contributing towards the objectives of the 7th Environmental Action Programme, and in urban development and social fields;

2015/03/31
Committee: ENVI

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

(d) infrastructure projects in the fields of environment~~al, natural resources,~~, sustainable resource management and in particular sustainable water management and sustainable material management sustainable urban development and social ~~field~~innovations;

2015/03/31
Committee: ENVI

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

(ea) be compatible, on an aggregated basis, with social and economic cohesion in the EU;

2015/03/31
Committee: ENVI

José Inácio FARIA, Benedek JÁVOR, Nils TORVALDS

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

The operations concerned shall not include: (a) the decommissioning or the construction of nuclear power stations; (b) investment in airport infrastructure unless related to environmental protection or accompanied by investment necessary to mitigate or reduce its negative environmental impact; (c) investments in coal and oil infrastructures; (d) investments in new motorway or new roads with four or more lanes.

2015/03/31
Committee: ENVI

Proposal for a regulation
Article 8 – paragraph 7 – point a

(a) any surplus shall be paid in one transaction to a special heading in the statement of revenue in the general budget of the European Union of the year n+1, and shall be reallocated to programmes which envelopes might have been reduced to finance the guarantee fund, as referred to in paragraph 5a (new), in order to compensate these losses;

2015/03/31
Committee: ENVI

Proposal for a regulation
Article 9 – paragraph 2

2. The Commission and the EIB shall develop, update and disseminate, on a ~~regular~~yearly and structured basis, information on current and future investments which significantly contribute to achieving EU policy objectives.

2015/03/31
Committee: ENVI

Proposal for a regulation
Article 9 – paragraph 3

3. Member States shall develop, update and disseminate, on a ~~regular~~yearly and structured basis, information on current and future investment projects in their territory.

2015/03/31
Committee: ENVI