10 Amendments of David BORRELLI related to 2016/2064(INI)
Amendment 6 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the investment mobilised by EFSI to date, which amounts to EUR 169.9 billion andTakes note of the EIB figures, which show that a total of EUR 169.9 billion has been mobilised by EFSI to date, accountsing for 52% of the total target investment to be mobilised by 2018;
Amendment 19 #
Draft opinion
Paragraph 2
Paragraph 2
2. Regrets the lack of official information on the amount of used guarantee; notes, however, that unofficial information indicates a multiplier of 14.1expresses surprise at the expected leverage effect in terms of private investment; calls on the EIB to make the exact multiplier public and to use the OECD calculation methodology;
Amendment 20 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. With a view to making EFSI more transparent, calls on the EIB to publish all information and impact assessment findings relating to operations carried out, also stating the added value and additionality of each funded project and specifying how the projects are helping to meet EFSI targets and realise long-term EU strategies and core objectives; believes that the EIB should publish analytical data for each funded project, including EFSI lending through financial intermediaries, giving ex-ante and ex-post assessments of each project with a detailed explanation of the selection and assessment indicators and criteria used; considers, finally, that objective figures need to be published on the jobs created directly and indirectly through EFSI, bearing in mind also the Social Pillar being developed by the Commission;
Amendment 33 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Considers it unfortunate that EFSI is being used to fund projects involving fossil fuel energy sources such as oil and gas, together with road haulage, certain types of biomass and biogas power plants, and heavy industry; hopes that a determined effort will be made to implement EFSI with a view to reaching EU targets related to climate action, energy efficiency, and renewable energy generation, storage, and distribution, giving attention specifically to projects enabling private individuals and local communities and cooperatives to become actively involved;
Amendment 36 #
Draft opinion
Paragraph 5
Paragraph 5
Amendment 42 #
Draft opinion
Paragraph 6
Paragraph 6
6. Notes that 31% of the EFSI funding was used for SMEs, 22% for energy projects, 21% for RDI and 10% for the digital sector; regrets, however, the lack of information regarding the additionality of the projects fundedresults regarding the guarantee of quality, additionality, economic and social usefulness, and sustainability of the projects funded; notes that findings so far show that the broad EFSI support provided for energy, energy efficiency, and renewable energy projects has been accompanied by a corresponding reduction in ordinary EIB investment in those sectors, thereby negating the principle of additionality; considers that EFSI-financed loans should be granted in addition to ordinary EIB investment operations;
Amendment 63 #
Draft opinion
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Also expresses concern at the proliferation of high-risk financial instruments for SMEs supported by EFSI through banks or financial intermediaries;
Amendment 69 #
Draft opinion
Paragraph 8
Paragraph 8
Amendment 103 #
Draft opinion
Paragraph 12 a (new)
Paragraph 12 a (new)
12a. Expresses concern at the limited role of Parliament in EFSI implementation and at the lack of transparency regarding specific project selection criteria, as well as the individual funding allocations, which in many cases are ‘not disclosed’;
Amendment 110 #
Draft opinion
Paragraph 13
Paragraph 13
13. Is of the opinion that further evaluation of the original EFSI regulation would have been desirable before the adoption of the proposed EFSI extension; hopes that the conclusions of this report and the recommendations of the Court of Auditors will be duly taken into consideration in the final elaboration of EFSI II Regulation.