33 Amendments of Carlos ZORRINHO related to 2018/0229(COD)
Amendment 62 #
Proposal for a regulation
Recital 5
Recital 5
(5) The InvestEU Fund should contribute to improving the competitiveness of the Union, including in the field of innovation and digitisation, advancing technologies and innovations combatting climate change, the sustainability of the Union's economic growth, the social resilience and inclusiveness and the integration of the Union capital markets, including solutions addressing their fragmentation and diversifying sources of financing for the Union enterprises. To that end, it should support projects that are technically and economically viable by providing a framework for the use of debt, risk sharing and equity instruments underpinned by a guarantee from the Union's budget and by contributions from implementing partners. It should be demand-driven while support under the InvestEU Fund should at the same time focus on contributing to meeting policy objectives of the Union.
Amendment 68 #
Proposal for a regulation
Recital 6
Recital 6
(6) The InvestEU Fund should support investments in tangible and intangible assets to foster sustainable growth, investment and employment, and thereby contributing to improved well-being and fairer income distribution in the Union. Intervention through the InvestEU Fund should complement Union support delivered through grants.
Amendment 72 #
Proposal for a regulation
Recital 7
Recital 7
(7) The Union endorsed the objectives set out in the United Nations Agenda 2030 and its Sustainable Development Goals and the Paris Agreement in 2015 as well as the Sendai Framework for Disaster Risk Reduction 2015-2030. To achieve the agreed objectives, including those embedded in the environmental policies of the Union, action pursuing sustainable development is to be stepped up significantly. Therefore, the principles of sustainable development should feature prominently inmust be the basis of the design of the InvestEU Fund.
Amendment 76 #
Proposal for a regulation
Recital 9
Recital 9
(9) Reflecting the importance of tackling climate change in line with the Union's commitments to implement the Paris Agreement and the United Nations Sustainable Development Goals, the InvestEU Programme will contribute to mainstream climate actions and to the achievement of an overall target of 2530 % of the Union budget expenditures supporting climate objectives. Actions under the InvestEU Programme are expected to contribute 3at least 40 % of the overall financial envelope of the InvestEU Programme to climate objectives. Relevant actions will be identified during the InvestEU Programme's preparation and implementation and reassessed in the context of the relevant evaluations and review processes.
Amendment 79 #
Proposal for a regulation
Recital 10
Recital 10
(10) The contribution of the InvestEU Fund to the achievement of the climate target will be tracked through an EU climate tracking system developed by the Commission in cooperation with implementing partners and using in an appropriate way the criteria established by [Regulation on the establishment of a framework to facilitate sustainable investment14 ] for determining whether an economic activity is environmentally sustainable. _________________ 14The InvestEU Programme will also contribute to implementing other dimensions of the Sustainable Development Goals (SDGs) in line with the Communication on the next steps for a sustainable European future which aims to mainstream the SDGs into EU policies and initiatives, with sustainable development as an essential guiding principle for all its policies. _________________ 14 COM(2018)353. COM(2018)353.
Amendment 87 #
Proposal for a regulation
Recital 13
Recital 13
(13) Low infrastructure investment rates in the Union during the financial crisis undermined the Union's ability to boost sustainable growth, competitiveness and convergence. Sizeable investments in the European infrastructure and energy efficiency are fundamental to meet the Union's sustainability targets, including the Union's commitments towards the SDGs, and the 2030 energy and climate targets. Accordingly, support from the InvestEU Fund should target investments into sustainable development-compatible projects on transport, energy, including energy efficiency and renewable energy, environmental, climate action, maritime and digital infrastructure. InvestEU must prioritise the areas that enable the Union to meet its 2030 and mid-century sustainability and climate targets. To maximise the impact and the value added of Union financing support, it is appropriate to promote a streamlined investment process enabling visibility of the project pipeline and consistency across relevant Union programmes. Bearing in mind security threats, investment projects receiving Union support should take into account principles for the protection of citizens in public spaces. This should be complementary to the efforts made by other Union funds such as the European Regional Development Fund providing support for security components of investments in public spaces, transport, energy and other critical infrastructure.
Amendment 94 #
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13a) The Energy Performance of Buildings directive (Directive (EU) 2018/844) requires Member States to establish a long-term renovation strategy to support the renovation of the national stock of residential and non-residential buildings, both public and private, into a highly energy efficient and decarbonised building stock by 2050, facilitating the cost-effective transformation of existing buildings into nearly zero-energy buildings. Member States are also required to facilitate access to appropriate mechanisms for the aggregation of projects and the reduction of the perceived risk for investors and the private sector.
Amendment 124 #
Proposal for a regulation
Recital 19 a (new)
Recital 19 a (new)
(19a) The InvestEU Fund should also support just transition actions and strategies supporting investments addressing the situation of workers in specific sectors like coal/lignite mining, automotive, that could be affected from the transition to a low-carbon economy. The Invest EU fund should be able to support the transformation of those economies towards sustainable activities and attract alternative innovative businesses, start-ups, and industries with the aim of building a sustainable regional economy. Further synergies with additional supporting schemes like the modernisation Fund to be set up for the period 2021-2030 as well as other national and Union ‘s programmes addressing fair transition should also be promoted.
Amendment 184 #
Proposal for a regulation
Article 3 – paragraph 1 – point b
Article 3 – paragraph 1 – point b
(b) the sustainability of the Union economy and its growthgrowth of a sustainable economy, enabling the Union to achieve the SDGs and the objectives of the Paris Climate agreement;
Amendment 199 #
Proposal for a regulation
Article 3 – paragraph 2 – point d a (new)
Article 3 – paragraph 2 – point d a (new)
(da) to contribute to an overall target of at least 30% of the EU budget expenditures that must support climate objectives and to allocate to that end at least 40% of the overall financial envelope of the EUInvest Programme to support investments that will directly help to deliver on the EU’s commitments in the Paris Agreement, the EU's 2030 climate and energy targets monitored by Regulation EU (XX) [Governance of the Energy Union] and a net-zero greenhouse gas emissions economy by 2050.
Amendment 202 #
Proposal for a regulation
Article 3 – paragraph 2 – point d b (new)
Article 3 – paragraph 2 – point d b (new)
(db) to increase investment in climate mitigation and adaptation by contributing at least 40% of its overall financial envelope to climate objectives.
Amendment 204 #
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 1
Article 4 – paragraph 1 – subparagraph 1
The EU guarantee for the purposes of the EU compartment referred to in point (a) of Article 8(1) shall be EUR 38 000 000 000 (current prices). It shall be provisioned at the rate of 40 %. The Commission may decide to select a financial institution that has a broad coverage across the Union and knowledge of EU policies.
Amendment 208 #
Proposal for a regulation
Article 4 – paragraph 1 – subparagraph 2 a (new)
Article 4 – paragraph 1 – subparagraph 2 a (new)
The projects to be financed with the additional amount shall be dedicated exclusively for actions that are eligible under the eligibility criteria set up in the rules of the Union programme under which the amount has been transferred .
Amendment 210 #
Proposal for a regulation
Article 4 – paragraph 2
Article 4 – paragraph 2
2. The indicative distribution of the amount referred to in the first subparagraph of paragraph 1 is set out in Annex I to this Regulation. The Commission may modify the amounts referred to in that Annex I, where appropriate, by up to 15 % for each objective. It shall inform the European Parliament and the Council of any modification.
Amendment 220 #
Proposal for a regulation
Article 7 – paragraph 1 – point a
Article 7 – paragraph 1 – point a
(a) sustainable infrastructure policy window: comprises sustainable investment in the areas of transport, energy,renewable energy, energy efficiency investments, in line with the 2030 and 2050 energy frameworks; digital connectivity, supply and processing of raw materials, space, oceans and water, waste, nature and other environment infrastructure, equipment, mobile assets and deployment of innovative technologies that contribute to the environmental or social sustainability objectives of the Union, or to both, or meet the environmental or social sustainability standards of the Union;
Amendment 241 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 1
Article 7 – paragraph 3 – subparagraph 1
Financing and investment operations under the sustainable infrastructure policy window referred to in point (a) of paragraph (1) shall be subject to climate, environmental and social sustainability proofing with a view to minimise detrimental impacts and maximise benefits on climate, environment and social dimension. For that purpose, promoters 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., using criteria established by the [Regulation on the establishment of a framework to facilitate sustainable investment] for determining whether an economic activity is environmentally sustainable. Projects below a certain size defined in the guidance shall be excluded from the proofing, but must demonstrate the positive contribution to the environmental and social sustainability objectives of the Union
Amendment 249 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 a (new)
Article 7 – paragraph 3 – subparagraph 2 a (new)
estimate the impact on employment and job creation;
Amendment 250 #
Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 b (new)
Article 7 – paragraph 3 – subparagraph 2 b (new)
contribution to the Sustainable Development Goals.
Amendment 252 #
Proposal for a regulation
Article 7 – paragraph 4
Article 7 – paragraph 4
4. Implementing partners shall provide the information necessary to allow the tracking of investment that contributes to meeting the Union objectives on climate and environmentsocial, climate and environment objectives of the Union, based on guidance to be provided by the Commission.
Amendment 255 #
Proposal for a regulation
Article 7 – paragraph 5
Article 7 – paragraph 5
5. Implementing partners shall targetensure that at least 750 % of the investment under the sustainable infrastructure policy window significantly contribute to meeting the Union objectives on climate and environment. , in line with the EU commitments made at the 21st Conference of the Parties to the UN Framework Convention on Climate Change.
Amendment 296 #
Proposal for a regulation
Article 11 – paragraph 1 a (new)
Article 11 – paragraph 1 a (new)
1a. The InvestEU Fund shall not support activities related to production, processing, distribution, storage or combustion of fossil fuels, with the exception of investment related to clean vehicles as defined in Article 4 of Directive 2009/33/EC of the European Parliament and of the Council.
Amendment 320 #
Proposal for a regulation
Article 17 – paragraph 1
Article 17 – paragraph 1
1. The Commission shall be advised by an advisory board which shall have two configurations, namely representatives of implementing partners and representatives of Member States. Both configuration shall strive to ensure gender balance among their Members.
Amendment 385 #
Proposal for a regulation
Annex II – paragraph 1 – introductory part
Annex II – paragraph 1 – introductory part
The financing and investment operations mayshall fall under one or more of the following areas:
Amendment 393 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 – point c
Annex II – paragraph 1 – point 1 – point c
(c) development, smartening and modernisation of sustainable energy infrastructure (transmission and distribution level, storage technologies, smart grids);
Amendment 402 #
Proposal for a regulation
Annex II – paragraph 1 – point 1 a (new)
Annex II – paragraph 1 – point 1 a (new)
1a. deployment of electric charging infrastructure.
Amendment 434 #
Proposal for a regulation
Annex II – paragraph 1 – point 5 – point f
Annex II – paragraph 1 – point 5 – point f
(f) new effective and accessible healthcare products, including pharmaceuticals, medical devices and advanced therapy medicinal products, having difficulties to find appropriate private funding.
Amendment 438 #
Proposal for a regulation
Annex II – paragraph 1 – point 6 – introductory part
Annex II – paragraph 1 – point 6 – introductory part
6. Development and, deployment and scaling up of digital technologies and services, in particular through:
Amendment 445 #
Proposal for a regulation
Annex II – paragraph 1 – point 6 a (new)
Annex II – paragraph 1 – point 6 a (new)
6a. robotics and automatisation.
Amendment 447 #
Proposal for a regulation
Annex II – paragraph 1 – point 7 – introductory part
Annex II – paragraph 1 – point 7 – introductory part
7. Financial support to entities employing up to 3 000 employees, with a particular focus on SMEs and small mid- cap companies, in particular through:
Amendment 472 #
Proposal for a regulation
Annex II – paragraph 1 – point 13 – point b
Annex II – paragraph 1 – point 13 – point b
(b) to foster the competitiveness of space systems and technologies, addressing in particular vulnerabilityindependence of supply chains;, including dual use aspects,
Amendment 474 #
Proposal for a regulation
Annex II – paragraph 1 – point 13 – point d
Annex II – paragraph 1 – point 13 – point d
(d) to foster Union's autonomy for safe and secure access to space, including dual use aspects.
Amendment 488 #
Proposal for a regulation
Annex III – point 4 a (new)
Annex III – point 4 a (new)
4a. Number of alternative fuel infrastructure points deployed
Amendment 489 #
Proposal for a regulation
Annex III – point 4 b (new)
Annex III – point 4 b (new)
4b. Climate change: Amount of CO2 emissions reduced by Invest EU operations.