Activities of Jeppe KOFOD

Motion for a resolution
Subheading 1.2 b (new)

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 7 a (new)

7 a. (new) Welcomes the recent estimates of the non-observed economy’ (NOE) –often called shadow economy – in the 2017 Survey Tax Policies in the European Union1a which provides an indirect broader indication of tax evasion; stresses that the value of the NOE measures economic activities, which may not be captured in the basic data sources used for compiling national accounts; _________________ 1a Tax Policies in the European Union 2017 Survey, ISBN 978-92-79-72282-0

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 10 a (new)

10 a. (new) Welcomes the Commission’s reply to its calls made in its the TAXE, TAX2 and PANA resolutions to better identify aggressive tax planning and harmful tax practices and provide a clear distinction between what is illegal and what is legal in order to ensure certainty;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 2 a (new)

(new para before para 15) Recalls that opportunities for choosing a business or residence location on the basis of the regulatory framework have boomed with globalisation and digitalisation;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 17 a (new)

17 a. (new) Reaffirms that the adaptation of international tax rules needs to answer to avoidance deriving from the possible use of the interplay between national tax provisions, and networks of treaties, resulting in an erosion of the tax base and double non- taxation while ensuring that there is no double-taxation;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 19 a (new)

19 a. (new) Takes note that the actions require implementation and that some of them require follow-up work to draw possible solutions to the identified challenges, as for instance action 1‘Address the tax challenges of the digital economy’;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 20 a (new)

20 a. (new) Recalls that the 2016 EU 'anti-tax-avoidance package' supplements existing provisions so as to implement the 15 BEPS actions in an EU coordinated manner in the Single Market;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 30

30. Welcomes the fact that DAC6 sets out the hallmarks of reportable cross- border arrangements that intermediaries must report to tax authorities to allow them to be assessed by the latter; welcomes the fact that these features of ATP schemes can be updated if new arrangements or practices emerge; points out that the implementation deadline of the directive has not yet lapsed and that the provisions will need to be monitored to ensure their efficiency;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 35 a (new)

35 a. (new) Emphasizes that sole agreement on what constitutes digital permanent establishment is a step in the right direction, but does not solve the issue of how to determine tax base to that digital permanent establishment;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 2.3 a (new)

Dividend stripping and coupon washing

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 42 a (new)

42a. Also stresses the contribution made through the Fiscalis 2020 Programme which aims at enhancing cooperation between participating countries, their tax authorities and their officials; stresses the added value brought by joint actions in this field and the role of the possible programme in developing and operating major trans-European IT systems;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 a (new)

44a. [New sub-heading] 2.3.1 Dividend stripping and coupon washing

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 a (new)

44a. Concludes that the CumEx-files demonstrate the urgent need to improve cooperation between EU Member States’ tax authorities, especially with regard to information sharing; urges therefore Member States to enhance their cooperation in detecting, stopping, investigating and prosecuting tax fraud and evasion schemes such as cum-ex and cum-cum including exchange of best practices, and to support EU-level solutions where justified;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 b (new)

44b. (new under subheading 2.3.1.) Deplores the tax fraud and tax avoidance revealed by the so called CumEx Files scandal which has led to publicly reported losses of Member States’ tax revenue, amounting to as much as EUR 55,2 billion according to some media estimates; highlights that the consortium of European journalists identifies Germany, Denmark, Spain, Italy and France as allegedly the main target markets for cum-ex trading practices, followed by Belgium, Finland, Poland, the Netherlands, Austria and the Czech Republic;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 b (new)

44b. Notes that the systematic fraud centred around the cum-ex- and cum-cum schemes was made possible in part because relevant Member States’ authorities did not perform sufficient checks on applications for reimbursement of taxes and that relevant authorities lack a clear and complete picture of actual ownership of shares; calls on the Member States to access of all relevant authorities to complete and up-to-date information on ownership of shares; calls on the Commission to assess whether an EU action is needed in this regard, and to present a legislative proposal should the assessment demonstrate a need for such action;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 c (new)

44c. Underlines that the revelations seem to indicate possible shortcomings in national taxation laws and in the current systems of exchange of information and cooperation between Member State authorities; urges the Member States to effectively use all communication channels, national data and data made available by the strengthened framework for exchange of information;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 c (new)

44c. Stresses that the cross-border aspects of the CumEx Files should be addressed multilaterally; warns that introduction of new bilateral treaties on exchanges of information and bilateral cooperation mechanisms between individual Member States would complicate the already complex web of international rules, introduce new loopholes and contribute to lack of transparency;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 d (new)

44d. Urges all Member States to thoroughly investigate and analyse dividend payment practices in their jurisdictions, to identify the loopholes in their tax laws that generate opportunities for exploitation by tax fraudsters and avoiders, to analyse any potential cross- border dimension of these practices and to put an end to all these harmful tax practices; calls on Member States to exchange best practices in this regard;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 e (new)

44e. Calls upon the Member States and their Financial Supervisory Authorities to assess the need to ban exclusively tax- driven financial practices such as dividend arbitrage or dividend stripping and similar schemes, in absence of the proof to the contrary by the issuer that these financial practices have a substantive economic purpose other than unjustified tax reimbursement and/or tax avoidance;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 44 f (new)

44f. Calls on the Commission to start working immediately on a proposal for a European financial police within the framework of Europol with its own investigatory capacities, as well as on a European framework for cross-border tax investigations;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 2.4 a (new)

(new para) Welcomes the adoption of DAC4 providing for a CBCR to tax authorities, in line with BEPS Action 13 standard;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 2.4 b (new)

(new para) Reiterates its call for mandatory public CBCR for large businesses and 'community interest companies' (MNEs) and recalls similar provisions already exist for the banking sector in Directive 2013/36/EU Article 89 (CDRIV)1b; _________________ 1b Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC (OJ L 176, 27.6.201363.

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 47 a (new)

47a. Welcomes the Commission’s new proactive and open approach to investigations into illegal state aid during the present term, which has led to a number of high-impact cases being concluded by the Commission;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 3 a (new)

(new para) Underscores the need for harmonisation of VAT rules at EU level to the extent that it is necessary to ensure the establishment and the functioning of the internal market and to avoid distortion of competition1c; _________________ 1c Article 113 of TFEU

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 69 a (new)

69a. Calls on the Council to ensure that the CTP status is consistent with the Authorised Economic Operator (AEO) status which is delivered by customs authorities;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 69 b (new)

69b. Calls for a minimal EU transparent coordination on the definition of CTP status, including a regular assessment by the Commission on how Member states grant CTP status; demands exchange of information between Member States’ tax authorities about refusals to grant CTP status to certain companies, in order to enhance coherence and common standards

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 3.2 a (new)

(new para) Recalls that the European Parliament has called for addressing the factors contributing to the tax gap, namely regarding VAT;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 91 a (new)

91 a. Notes that the acquisition of citizenship of a Member State gives the grantee access to a wide range of rights and entitlements in the entire territory of the Union, including the right to move and reside freely; calls thus on Member States implementing CBI and RBI programmes, until they are finally repealed, to duly verify the character of the applicants and refuse their application if they present security risks, including money laundering; calls in this context Member States to compile and publish transparent data related to their CBI and RBI schemes, including the number of refusals and the reasons for denial; calls on the Commission to ensure better data collection and exchange of information among Member States in the context of their CBI and RBI schemes, including on applicants who have had their application denied due to security issues;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 102

102. Calls on the Commission to table a legislative proposal to ensure the automatic exchange of information between the relevant authorities, including law enforcement, tax and customs authorities, on beneficial ownership and transactions taking place in free ports, customs warehouses or SEZs;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 4.4 a (new)

(new para) Acknowledges that administrative cooperation in the field of direct taxes framework covers now both individual and corporate taxpayers;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 108 a (new)

108 a. (new) Notes that the Union’s AML framework chiefly relies on a preventive approach to money laundering, with a focus on the detection and the reporting of suspicious transactions;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 109

109. Deplores the fact that a large number of Member States have failed to fully or partially transpose AMLD4 into their domestic legislation within the set deadline, and that for this reason, infringement procedures have had to be opened by the Commission against them, including referrals before the Court of Justice of the European Union67 ; calls on these Member States to swiftly remedy this situation; reminds Member States of their legal obligation to respect the deadline of 10 January 2020 for the transposition of AMLD5 into their domestic legislation; supports the Council conclusions of 23 November inviting Member States to transpose the AMLD5 into their domestic legislation ahead of the 2020 deadline; _________________ 67 On 19 July 2018, the Commission referred Greece and Romania to the Court of Justice of the European Union for failing to transpose the fourth Anti-Money Laundering Directive into their national law. Ireland had transposed only a very limited part of the rules and was also referred to the Court of Justice.

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 115 a (new)

115 a. Is concerned that illicit proceeds entering the European financial system in order to be laundered are further used to finance criminal activities posing threat to the security of Union citizens and/or creating distortions and unfair competitive disadvantages to law-abiding citizens and companies; calls on relevant national authorities to track the destinations of the transactions deemed suspicious by the 6200 customers of the Estonian branch of Danske Bank to confirm that money laundered have not been used for further criminal activity; calls on the relevant national authorities to duly cooperate in this matter as the chains of suspicious transactions are clearly cross-border;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 123

123. Recalls that the ECB has the competence and responsibility for withdrawing authorisation from credit institutions for serious breaches of AML/CFT rules; notes, however, that the ECB is fully dependent on national AML supervisors for information relating to such breaches detected by national authorities; calls thus on national AML authorities to make quality information available to the ECB in a timely manner so the ECB can properly perform its function; encourages in this connection the ECB and all relevant AML authorities to continue negotiations on a multilateral agreement on exchange of information that should be ready by 10 January 2019;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 126 a (new)

126 a. Recalls that EU FIUs are strongly encouraged to use the FIU.net system; highlights that information sharing between FIUs and LEAs, including with Europol, should be improved;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 128

128. Points out that the non- standardisation of suspicious transaction report formats and non-standardisation of suspicious transaction report thresholds among Member States and with respect to the different obliged entities leads to difficulties in the processing and exchange of information between FIUs; calls on the Commission to explore mechanisms to set up standardised reporting formats for obliged entities in order to facilitate the exchange of information between FIUs in cases with a cross-border dimension; and to reflect on the standardisation of suspicious transaction thresholds;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 128 a (new)

128 a. (new) Calls on the Commission to explore the possibility to set up automated decentralized database of suspicious transactions reports that would allow Member States’ FIUs to look up transactions and their initiators and receivers repeatedly reported as suspicious in different Member States;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 129 a (new)

129 a. (new) Awaits the Commission’s assessment of the framework for FIUs’ cooperation with third countries and obstacles and opportunities to enhance cooperation between FIUs in the Union including the possibility of establishing an EU level coordination and support mechanism; recalls that according to the AMLD5 this assessment should be ready by 1 June 2019;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 133 a (new)

133 a. (new) Calls on the Commission to lead a global initiative for the establishment of public central registers in all world jurisdictions; stresses in this regard the vital role of international organisations such as the OECD and the UN;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 135 a (new)

135 a. Takes notes that, in respect of trusts, national registers will only be accessible to those demonstrating a legitimate interest to access; stresses that Member States remain free to open the beneficial ownership registers for trust to the public;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 145 a (new)

145 a. (new) Believes that consistency and complementarity of the anti-money laundering list of high-risk third countries with the European list of non-cooperative jurisdictions need to be ensured; reiterates its call to entrust the Commission with a central role for the management of both lists;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 6 a (new)

(new para) Points out that a European fair tax system requires a fairer global tax environment; reiterates its call to monitor ongoing tax reforms of third countries;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 149 a (new)

149 a. Calls on the Commission and Member States to monitor new corporate tax provisions of countries which cooperate with the EU on the basis of an international agreement1d; _________________ 1d As mentioned in the public hearing held by TAX 3 committee on 1st of October: http://www.europarl.europa.eu/committee s/en/tax3/publications.html?id=20181018 CPU21161

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 153 a (new)

153 a. Calls on Member states to push the G20 to reform the OECD blacklist criteria to go beyond pure tax transparency and tackle tax evasion and aggressive tax planning as well;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 153 b (new)

153 b. Reminds that, in order to improve the Union and Member States fight against money laundering, all available data, including macroeconomic ones, must be used effectively1e; _________________ 1e “The missing profits of nations” by T. Torslov, L. Wier and G. Zucman indicates in its first part that using modern macroeconomic models and data from published Balance of Payments, the tax revenue globally per year amounts to around 200 billion $ and Foreign Direct Investment (FDI) channelled through a tax haven jurisdiction amounts to a range between 10 to 30% of total FDI. These figures are quite higher than the estimations so far using other methods.

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 160 a (new)

160 a. Takes note of the Commission action and contributions in the OECD, Global Forum on transparency and exchange of information, Inclusive Framework on BEPS,– to promote higher levels of tax good governance globally, while ensuring that the international tax good governance standards continue to be fully respected within the EU;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 161 a (new)

161 a. Recalls the need for Member States for regular spill over analyses of the material impact of the tax policies on other Member States and developing countries, while acknowledging that some work has taken place in this regard in the framework of the Platform on Tax Good Governance; calls on all Member States to conduct such spill over analysis under the supervision of the Commission;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 163 a (new)

163 a. Welcomes the cooperation with the African Union (AU) within the Addis Tax Initiative (ATI) and the Extractive Industries Transparency Initiative (EITI) and the Kimberley process;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 166 a (new)

166 a. Calls for a concerted external action of the EU and Member States at all levels of the policy to provide third countries and in particular developing ones to bolsters a balanced economic development and avoid dependence on one single sector, in particular the financial one;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 170 a (new)

170 a. Recalls that good tax governance clauses should be included in all new relevant EU agreements with third countries, and negotiated in the existing ones at the time of revision, with a view to the fact that these are core instruments of the EU external policy yet, depending on the specific policy field involve different levels of competence;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 172 a (new)

172 a. Is aware that bilateral tax treaties do not reflect the current reality of digitalized economies; calls on Member States to update their bilateral tax treaties based on the Commission recommendation on taxation of digitalized economy1f; _________________ 1f C (2018)-1650 final

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Subheading 6.7 a (new)

Welcomes the strengthened framework avoiding double non-taxation; emphasizes that elimination of double taxation is of great importance in order to ensure that honest taxpayers are treated fairly and their trust is not undermined; calls on Member States to abide by their double- taxation treaties and cooperate sincerely and swiftly in cases of reported double taxation;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 178 a (new)

178 a. (new) Welcomes the monitoring of the enforcement of Directive 2014/56/EU of the European Parliament and of the Council of 16 April 2014 amending Directive 2006/43/EC on statutory audits of annual accounts and consolidated accounts1g and of Regulation (EU) 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding statutory audit of public-interest entities and repealing Commission Decision 2005/909/EC1h, in particular the provision on statutory auditors or audit firms carrying out statutory audits of public- interest entities; points out the need to ensure that the rules are properly applied; _________________ 1g OJ L 158, 27.5.2014, p. 196 1h OJ L 158, 27.5.2014, p. 77

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 180 a (new)

180 a. (new) Notes that the US False Claims Act provides a solid framework for rewarding of whistle-blowers in cases where the government recovers funds lost to fraud as presented during the 21 November TAX3 hearing; underlines that according to the US Justice Department report, whistle-blowers were directly responsible for detection and reporting of 3.4 out of 3.7 billion USD recovered; calls on Member States to establish safe confidential communication channels for whistle-blowers’ reporting within relevant authorities and in private entities;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 181 a (new)

181 a. (new) Takes note of the proposal for a Directive of the European Parliament and of the Council on the protection of persons reporting on breaches of Union law, which is currently under discussion in Parliament1i; _________________ 1i COM(2018) 218 final, 23.4.2018

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 183

183. Notes that the TAX3 Committee invited the whistle-blowers in the cases of Julius Bär and Danske Bank to testify at public parliamentary hearings84 ; Deeply regrets the fact, that the Danske Bank whistle-blower, Mr Howard Wilkinson, was unable to share his insights into the Danske Bank case freely and fully, due to legal restraints; _________________ 84 Mr Rudolf Elmer, hearing on 1.10.2018; Mr Howard Wilkinson, hearing on 21.11.2018.

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 183 a (new)

183 a. (new) Calls on the Member States to closely work within the Council of Europe in the promotion and implementation in their domestic law by all States belonging to the Council of Europe of the Recommendation CM/Rec(2014)7 of the Committee of Ministers to Member States on the protection of whistle-blowers; calls on the Commission and Member States to take the lead in other international fora to promote the adoption of international binding standards for the protection of whistle-blowers;

2018/12/20
Committee: TAX3

2018/2121(INI)

Motion for a resolution
Paragraph 192 a (new)

192 a. (new) Regrets that the current rules for accessing classified and other confidential information made available by Council, Commission or Member States to the European Parliament do not provide full legal clarity but are generally interpreted as excluding accredited parliamentary assistants (APAs) from consulting and analysing non-classified ‘other confidential information’ in a secure reading room; calls therefore for the introduction of a clearly worded provision guaranteeing the right of access to documents for APAs on the basis of the ‘need to know’ principle, in their support role for Members, in are negotiated inter- institutional agreement;

2018/12/20
Committee: TAX3

2018/2121(INI)

Renato SORU, Pervenche BERÈS, Jeppe KOFOD

Motion for a resolution
Paragraph 198 a (new)

198 a. Calls on the Commission to report on the implementation of the Code and on the application of fiscal State aid, as laid down in Article N. of the Code of conduct for business taxation1j; _________________ 1j The Code is in annex 1 to the (p.2-5) Council conclusions 1 December 1997 establishing the group (OJ C2/1,6.1.1998), point N being review and monitoring provision.

2018/12/20
Committee: TAX3

2018/2002(INL)

Motion for a resolution
Recital D a (new)

D a. whereas the applicable tax regime for the PEPP should be the one of the Member State where a PEPP saver resides;

2018/04/30
Committee: ECON

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Carlos ZORRINHO, Patrizia TOIA, Kathleen VAN BREMPT, Răzvan POPA, Edouard MARTIN, Theresa GRIFFIN, José BLANCO LÓPEZ, Miapetra KUMPULA-NATRI

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Carlos ZORRINHO

Proposal for a regulation
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 in~~must be the basis of the design of the InvestEU Fund.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Tilly METZ, Seán KELLY, Jeppe KOFOD, Rosa D'AMATO, Dario TAMBURRANO, Theresa GRIFFIN, José BLANCO LÓPEZ

Proposal for a regulation
Recital 9 a (new)

(9a) With regard to cost of capital of renewable energy projects, the InvestEU Fund should allow for the use of an innovative guarantee instrument to reduce regulatory risk and associated high cost of capital in some Member States. This possibility should be open on a voluntary basis. To achieve this objective, the InvestEU Fund should contribute where appropriate to the enabling framework for investment into renewable energy as set out in Art 3.5 of the [revised Renewables Directive], including the financing mechanism established by Article 27bis of the [Governance Regulation].

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO, Răzvan POPA

Proposal for a regulation
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. ~~_________________ 14~~The 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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Patrizia TOIA

Proposal for a regulation
Recital 18

(18) The InvestEU Fund should operate under f~~our~~ive policy windows, mirroring the key Union policy priorities, namely sustainable infrastructure; building renovation; research, innovation and digitisation: SMEs; and social investment and skills.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Răzvan POPA, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Article 2 – paragraph 1 – point 12

~~(12) 'midcap companies' means entities employing up to 3 000 employees that are not SMEs or small midcap companies;~~deleted

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
Article 3 – paragraph 1 – point b

(b) the ~~sustainability of the Union economy and its growth~~growth of a sustainable economy, enabling the Union to achieve the SDGs and the objectives of the Paris Climate agreement;

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
Article 3 – paragraph 2 – point a

(a) to support financing and investment operations in sustainable infrastructure and building renovation in the areas referred to in points (a) and (aa) of Article 7(1);

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Carlos ZORRINHO

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Răzvan POPA, Carlos ZORRINHO

Proposal for a regulation
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 (c~~urre~~onstant prices). It shall be provisioned at the rate of 4025 %.

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
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 .

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Patrizia TOIA, Carlos ZORRINHO, Răzvan POPA, Patrizia TOIA

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Patrizia TOIA, José BLANCO LÓPEZ, Theresa GRIFFIN

Proposal for a regulation
Article 4 – paragraph 4

4. The amount referred to in paragraph 3 may also be used for technical and administrative assistance for the implementation of the InvestEU Programme, such as preparatory, monitoring, control, audit and evaluation activities including corporate information technology systems, but may not exceed 5% of the value of the financial envelope defined in paragraph 1.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Carlos ZORRINHO, Patrizia TOIA, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN

Proposal for a regulation
Article 6 – paragraph 2 – point a

(a) be consistent with the policy objectives and comply with the eligibility criteria set out in the rule on the Union programme under which the support is decided; not a single financing or investment operation covered by the EU guarantee may undermine or go against the implementation of the SDGs, the EU’s commitments in the Paris Agreement, the EU's 2030 climate and energy objectives and the achievement of a net-zero greenhouse gas emissions economy by 2050;

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
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;

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Patrizia TOIA, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
Article 7 – paragraph 1 – point a a (new)

(aa) building renovation window: comprises finance of individual or aggregated refurbishment of buildings projects, investment platforms, pre- financing schemes with on-bill or on-tax repayment contributing to the renovation of buildings focused on energy savings, the deployment of decentralised renewable energy and the integration of buildings into a connected energy, storage, digital and transport system.

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 1 – point b

(b) research, innovation and digitisation policy window: comprises research and innovation activities, transfer of research results to the market, demonstration and deployment of innovative solutions and support to scaling up of innovative companies ~~other than SMEs~~ as well as digitisation of Union industry;

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Carlos ZORRINHO, Patrizia TOIA, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
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

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Carlos ZORRINHO, Miapetra KUMPULA-NATRI, Patrizia TOIA, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 – point b a (new)

(ba) demonstrate the consistency of the project with the EU and Member States’ climate and energy objectives and trajectories as monitored by Regulation EU (XX) [Governance of the Energy Union] and with the aim to achieve a net- zero greenhouse gas emissions economy by 2050.

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 a (new)

estimate the impact on employment and job creation;

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Carlos ZORRINHO, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
Article 7 – paragraph 3 – subparagraph 2 b (new)

contribution to the Sustainable Development Goals.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Carlos ZORRINHO, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
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 environment~~social, climate and environment objectives of the Union, based on guidance to be provided by the Commission.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Carlos ZORRINHO, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
Article 7 – paragraph 5

5. Implementing partners shall ~~target~~ensure 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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Carlos ZORRINHO, Miapetra KUMPULA-NATRI, Patrizia TOIA, José BLANCO LÓPEZ, Theresa GRIFFIN, Kathleen VAN BREMPT

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, Carlos ZORRINHO, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Miapetra KUMPULA-NATRI, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT

Proposal for a regulation
Article 19 – paragraph 1 – point b

(b) verify their compliance with this Regulation and the relevant investment guidelines, giving particular attention to the sustainability proofing referred to in Article 7(3), the additionality requirement referred to in [Article 209(2)(b)] of the [Financial Regulation] and to the requirement to crowd in private investment referred to in [Article 209(2)(d)] of the [Financial Regulation]; and

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Article 20 – paragraph 1 – subparagraph 2

The InvestEU Advisory Hub shall be available as a component under each policy window referred to in Article 7(1) covering all the sectors under that window, in particular for those contributing to EU climate objectives. In addition, cross- sectoral advisory services shall be available.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Theresa GRIFFIN, Kathleen VAN BREMPT, José BLANCO LÓPEZ

Proposal for a regulation
Annex II – paragraph 1 – introductory part

The financing and investment operations may fall under one or more of the following areas, but 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:

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN, Edouard MARTIN, José BLANCO LÓPEZ, Carlos ZORRINHO

Proposal for a regulation
Annex II – paragraph 1 – introductory part

The financing and investment operations ~~may~~shall fall under one or more of the following areas:

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN, José BLANCO LÓPEZ

Proposal for a regulation
Annex II – paragraph 1 – point 1 – point a

(a) expansion of the generation, supply or use of ~~clean and~~ sustainable renewable energy;

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN, Carlos ZORRINHO, José BLANCO LÓPEZ, Edouard MARTIN

Proposal for a regulation
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);

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 1 – point e

(e) infrastructure for the carbon- capture and -storage ~~infrastructure.~~ of industrial process emissions and emissions of bio-energy plants.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Theresa GRIFFIN, Carlos ZORRINHO, Patrizia TOIA, José BLANCO LÓPEZ, Edouard MARTIN

Proposal for a regulation
Annex II – paragraph 1 – point 1 a (new)

1a. deployment of electric charging infrastructure.

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 2 – point b

(b) smart and sustainable urban mobility projects (targeting zero and low- emission urban transport modes, accessibility, air pollution and noise, energy consumption and accidents);

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN, Carlos ZORRINHO, José BLANCO LÓPEZ, Edouard MARTIN

Proposal for a regulation
Annex II – paragraph 1 – point 2 – point e

(e) alternative fuels infrastructure, including electric charging infrastructure, both stationary as well as electric road systems making use of overhead catenary or in-road charging.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Carlos ZORRINHO, Patrizia TOIA, José BLANCO LÓPEZ, Kathleen VAN BREMPT, Theresa GRIFFIN, Edouard MARTIN

Proposal for a regulation
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.

2018/09/14
Committee: ITRE

2018/0229(COD)

Proposal for a regulation
Annex II – paragraph 1 – point 6 – introductory part

6. Development ~~and~~, deployment and scaling up of digital technologies and services, in particular through:

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN, Carlos ZORRINHO, José BLANCO LÓPEZ, Edouard MARTIN

Proposal for a regulation
Annex II – paragraph 1 – point 6 a (new)

6a. robotics and automatisation.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Theresa GRIFFIN, Carlos ZORRINHO, Patrizia TOIA, José BLANCO LÓPEZ, Edouard MARTIN

Proposal for a regulation
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:

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT

Proposal for a regulation
Annex II – paragraph 1 – point 12

~~12. Development of the defence industry, thereby enhancing~~deleted the Union'’s strategic autonomy, in particular through support for: (a) supply chain, in particular through financial support to SMEs and mid-caps; (b) disruptive innovation projects in the defence sector and closely related dual- use technologies; (c) when participating in collaborative defence research and development projects, including those supported by the European Defence Fund; (d) infrastructure.defence industry companies participating in the defence sector supply chain defence research and training

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, José BLANCO LÓPEZ

Proposal for a regulation
Annex II – paragraph 1 – point 12 – point a

~~(a) the Union’s defence industry supply chain, in particular through financial support to SMEs and mid-caps;~~deleted

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, José BLANCO LÓPEZ

Proposal for a regulation
Annex II – paragraph 1 – point 12 – point b

~~(b) companies participating in disruptive innovation projects in the defence sector and closely related dual- use technologies;~~deleted

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, José BLANCO LÓPEZ

Proposal for a regulation
Annex II – paragraph 1 – point 12 – point c

~~(c) the defence sector supply chain when participating in collaborative defence research and development projects, including those supported by the European Defence Fund;~~deleted

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN

Proposal for a regulation
Annex II – paragraph 1 – point 12 – point d

~~(d) defence research and training infrastructure.~~deleted

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Theresa GRIFFIN, Carlos ZORRINHO, José BLANCO LÓPEZ, Edouard MARTIN

Proposal for a regulation
Annex II – paragraph 1 – point 13 – point b

(b) to foster the competitiveness of space systems and technologies, addressing in particular ~~vulnerability~~independence of supply chains;, including dual use aspects,

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, Theresa GRIFFIN, Edouard MARTIN, Carlos ZORRINHO

Proposal for a regulation
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~~.

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, José BLANCO LÓPEZ, Edouard MARTIN, Theresa GRIFFIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
Annex III – point 4 a (new)

4a. Number of alternative fuel infrastructure points deployed

2018/09/14
Committee: ITRE

2018/0229(COD)

Jeppe KOFOD, José BLANCO LÓPEZ, Theresa GRIFFIN, Edouard MARTIN, Kathleen VAN BREMPT, Patrizia TOIA, Carlos ZORRINHO

Proposal for a regulation
Annex III – point 4 b (new)

4b. Climate change: Amount of CO2 emissions reduced by Invest EU operations.

2018/09/14
Committee: ITRE

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Răzvan POPA, Jeppe KOFOD, Eugen FREUND

Proposal for a regulation
Recital 4

(4) Reflecting the importance of tackling climate change in line with Union’s commitments to implement the Paris Agreement, and the commitment to the United Nations Sustainable Development Goals, this Regulation should therefore mainstream climate action and lead to the achievement of an overall target of 2530% of the EU budget expenditures supporting climate objectives18 . Actions under this Programme are expected to contribute 60% of the overall financial envelope of the Programme to climate objectives, based inter alia on the following Rio markers: i) 100% for the expenditures relating to railway infrastructure, alternative fuels, clean urban transport, electricity transmission, electricity storage, energy efficiency, smart grids, CO2 transportation and renewable energy; ii) 40% for inland waterways and multimodal transport, and gas infrastructure - if enabling ~~increased use of~~a measurable transition away from fossil fuels through for example renewable hydrogen or bio-methane. Relevant actions will be identified during the Programme's preparation and implementation, and reassessed in the context of the relevant evaluations and review processes. In order to prevent that infrastructure is vulnerable to potential long term climate change impacts and to ensure that the cost of greenhouse gas emissions arising from the project is included in the project's economic evaluation, projects supported by the Programme should be subject to climate proofing in accordance with guidance that should be developed by the Commission coherently with the guidance developed for other programmes of the Union where relevant. __________________ 18 COM(2018) 321, page 13

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Eugen FREUND, Jeppe KOFOD

Proposal for a regulation
Recital 17

(17) Regulation (EU) No 347/2013 of the European Parliament and of the Council27 identifies the trans-European energy infrastructure priorities which ~~need to be implement~~have been established in order to meet the Union's energy and climate policy objectives, identifies projects of common interest necessary to implement those priorities, and lays down measures in the field of the granting of permits, public involvement and regulation to speed up and/or facilitate the implementation of those projects, including criteria for the eligibility of such projects for Union financial assistance. The list of projects of common interest, eligibility criteria and TEN-E guidelines should be revised before the end of 2021 to take fully into account the goals and objectives of the Paris Agreement as well as the Union’s climate and energy targets for 2030 and beyond; to facilitate an enhanced dialogue between the European Parliament , the Council and the Commission on the lists of projects of common interest; and to unlock bottlenecks for increased investments for electricity and smart grid projects. __________________ 27 Regulation (EU) No 347/2013 of the European Parliament and of the Council of 17 April 2013 on guidelines for trans- European energy infrastructure and repealing Decision No 1364/2006/EC and amending Regulations (EC) No 713/2009, (EC) No 714/2009 and (EC) No 715/2009 (OJ L 115, 25.4.2013, p. 39).

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Jeppe KOFOD, Eugen FREUND

Proposal for a regulation
Recital 18 a (new)

(18a) Directive [Energy Efficiency Directive] highlights energy efficiency as the first priority for decarbonising the EU energy system and calls for well-designed and effective Union financial instruments to support energy efficiency measures. Investments to enhance energy efficiency should therefore also be eligible for CEF funding, where they fulfil other criteria laid down in this regulation.

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Eugen FREUND, Răzvan POPA, Jeppe KOFOD

Proposal for a regulation
Article 3 – paragraph 1

1. The Programme has the general objective to develop and modernise the trans-European networks in the fields of transport, energy and digital and to facilitate cross-border cooperation in the field of renewable energy, ~~taking into account~~in order to help achieve the long-term decarbonisation commitments and contribute to sustainable and inclusive growth, with emphasis on synergies among sectors.

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Proposal for a regulation
Article 3 – paragraph 2 – point b

(b) In the energy sector, to contribute to the development of projects of common interest relating to further integration of the internal energy market, interoperability of networks across borders and sectors, facilitating decarbonisation and ensuring security of supply, and to facilitate cross- border cooperation in the area of renewable energy, ensuring the contribution to the Unions goal of net-zero greenhouse gas emissions by 2050 and help deliver on the EU’s 2030 climate and energy targets monitored by Regulation EU (XX)[Governance of the Energy Union];

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Răzvan POPA, Jeppe KOFOD, Kathleen VAN BREMPT

Proposal for a regulation
Article 4 – paragraph 2 – point b

(b) up to EUR 8,650,000,000 for the specific objectives referred to in Article 3(2)(b), out of which up to 1025% for the cross-border projects in the field of renewable energy

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Jeppe KOFOD, Eugen FREUND, Răzvan POPA

Proposal for a regulation
Article 9 – paragraph 3 – point a a (new)

(aa) actions related to energy infrastructure projects contributing to improving energy efficiency where these projects have an influence on cross- border energy flows, inter alia through demand response and smart grids.

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Proposal for a regulation
Article 9 – paragraph 4 – subparagraph 1 – point e

(e) actions supporting access of European households to very high capacity networks and implementing the EU strategic connectivity targets;

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Jeppe KOFOD, Kathleen VAN BREMPT

Proposal for a regulation
Article 13 – paragraph 1 – point i

(i) con~~sistency with~~tribution to the achievement of Union and national energy and climate plans.

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Eugen FREUND, Jeppe KOFOD, Theresa GRIFFIN, Carlos ZORRINHO, Zigmantas BALČYTIS, Peter KOUROUMBASHEV, Kathleen VAN BREMPT

Proposal for a regulation
Article 13 – paragraph 1 – point i a (new)

(ia) the potential CO2 reduction achieved by the project

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Jeppe KOFOD, Eugen FREUND, Kathleen VAN BREMPT

Proposal for a regulation
Article 14 – paragraph 3 – point b

(b) The co-financing rates may be increased to a maximum of 75 % for actions contributing to the development of projects of common interest which have a significant impact on reducing CO2 emissions or, based on the evidence referred to in Article 14(2) of Regulation (EU) No 347/2013, provide a high degree of regional or Union-wide security of supply, strengthen the solidarity of the Union or comprise highly innovative solutions.

2018/09/21
Committee: ITRE TRAN

2018/0228(COD)

Miapetra KUMPULA-NATRI, Peter KOUROUMBASHEV, Zigmantas BALČYTIS, Carlos ZORRINHO, Theresa GRIFFIN, Eugen FREUND, Jeppe KOFOD

Proposal for a regulation
Annex I – Part III – point 1 – table – Core network corridor “Scandinavian- Mediterranean”

Core network corridor "Scandinavian – Mediterranean" Alignment RU border – Hamina/Kotka – Helsinki – Turku/Naantali – Stockholm – Örebro – Malmö Narvik/Oulu – Luleå – Umeå – Stockholm Oslo – Goteburg – Malmö – Trelleborg Malmö – København – Fredericia – Aarhus – Aalborg - Hirtshals/Frederikshavn København – Kolding/Lübeck – Hamburg – Hannover Bremerhaven – Bremen – Hannover – Nürnberg Rostock – Berlin – Leipzig – München Nürnberg – München – Innsbruck – Verona – Bologna – Ancona/Firenze Livorno/La Spezia – Firenze – Roma – Napoli – Bari – Taranto – Valletta Napoli – Gioia Tauro – Palermo/Augusta – Valletta Pre- Cross-border RU border – Helsinki ~~Rail~~ Rail identified sections København – Hamburg: Fehmarn belt fixed link access routes München – Wörgl – Innsbruck – Fortezza – Bolzano – Trento – Verona: Brenner base tunnel and its access routes Göteborg-Oslo Helsingborg-Helsingør Copenhagen-Malmö København – Hamburg: Fehmarn Rail/Road belt fixed link

2018/09/26
Committee: TRAN

2018/0228(COD)

Proposal for a regulation
Annex I – part IV – point 1 – paragraph 1

Cross-border projects in the field of renewable energy shall promote the cross- border cooperation between Member States in the field of planning, development and cost-effective exploitation of renewable energy sources with the aim of contributing to the Union´s long term decarbonisation targets.

2018/09/26
Committee: TRAN

2018/0225(COD)

Jeppe KOFOD, Theresa GRIFFIN, Kathleen VAN BREMPT

Proposal for a decision
Recital 5

(5) 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, this Specific Programme will contribute to mainstream climate actions and to the achievement of an overall target of 25at least 30 % of the EU budget expenditures supporting climate objectives. A~~ctions under~~t least 40% of the overall financial envelope of thise Specific Programme ~~are expected to contribute 35% of the overall financial envelope~~must support actions or part of actions that will directly help to deliver ofn the ~~Specific Programme to climate objectives~~EU’s commitments in the Paris Agreement, the 2030 climate and energy targets monitored by the Regulation [Governance of the Energy Union], and a net-zero greenhouse gas emissions economy by 2050. Relevant actions will be identified during the Specific Programme's preparation and implementation, and reassessed in the context of the relevant evaluations and review processes.

2018/09/12
Committee: ITRE

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 3 – indent 2

– Industrial CO2 ~~valorisation;~~ capture, utilization or storage (CCUS); when CO2 is recycled into new products (CCU), priority should be given to products with a long lifespan, such as the mineralisation into construction materials, in order to lock down the carbon as long as possible into the technosphere and keep it out of the atmosphere;

2018/09/12
Committee: ITRE

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 3 – point 3.2 – point 3.2.8 – paragraph 3 – indent 3

– Electrification and use of unconventional energy sources and decarbonized feedstock within industrial plants, and energy and resource exchanges between industrial plants (for instance via industrial symbiosis);

2018/09/12
Committee: ITRE

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – introductory part

4.2.2. ~~Energy Supply~~Renewable and decarbonised supply of energy and feedstock

2018/09/12
Committee: ITRE

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – paragraph 1

The EU aims to be world leader in affordable, secure and sustainable energy technologies improving its competitiveness in global value chains and its position in growth markets. Diverse climatic, geographical, environmental and socio- economic conditions in the EU as well as the need to ensure energy security and access to raw materials, dictate a broad portfolio of energy solutions, including of non-technical nature. As regards renewable energy technologies, costs need to decrease further, performance must improve, integration into the energy system must be improved and breakthrough technologies need to be developed and deployed. As regards fossil fuels~~, decarbonising their usag~~ and feedstock, avoiding through electrification or substitution by decarbonized alternatives such as green hydrogen and synthetic methane will be essential to meet the climate objectives.

2018/09/12
Committee: ITRE

2018/0225(COD)

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – paragraph 2 – indent 1

– Renewable energy technologies and solutions for power generation, heating and cooling, sustainable ~~transport fuels and intermediate carriers~~renewable or decarbonised transport fuels and feedstock, at various scales and development stages, adapted to geographic conditions and markets, both within the EU and worldwide;

2018/09/12
Committee: ITRE

2018/0225(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN

Proposal for a decision
Annex I – part II – point 4 – point 4.2 – point 4.2.2 – paragraph 2 – indent 3

~~– Technologies and solutions to reduce greenhouse gas emissions from fossil fuel-based power generation via CO2 capture, utilisation and storage (CCUS).~~deleted

2018/09/12
Committee: ITRE

2018/0224(COD)

Proposal for a regulation
Recital 26

(26) With the aim of deepening the relationship between science and society and maximising benefits of their interactions, the Programme should engage and involve citizens and civil society organisations in co-designing and co- creating responsible research and innovation agendas and contents, promoting science education, making scientific knowledge publicly accessible, and facilitating participation by citizens and civil society organisations in its activities. It should do so across the Programme and through dedicated activities in the part 'Strengthening the European Research Area'. The engagement of citizens and civil society in research and innovation should be coupled with public outreach activities to generate and sustain public support for the Programme. The programme should also seek to remove barriers and boost synergies between science, technology, culture and the arts to obtain a new quality of sustainable innovation, just as it should help to deliver on the EU’s commitments to the Paris Agreement, the 2030 energy targets and a net-zero greenhouse gas emissions economy by 2050.

2018/09/11
Committee: ITRE

2018/0224(COD)

Proposal for a regulation
Recital 41

(41) 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, this Programme will contribute to mainstream climate actions and to the achievement of an overall target of 25at least 30 % of the EU budget expenditures supporting climate objectives. In order to monitor and verify this objective, all climate related expenditures must be recorded in a centrally developed and managed climate tracking data base, based on Rio markers, to cover all EU budget programmes.

2018/09/11
Committee: ITRE

2018/0224(COD)

Proposal for a regulation
Article 6 – paragraph 6

6. The implementation of the specific programme29 shall be based on a transparent and strategic multiannual planning of research and innovation activities, in particular for the pillar 'Global Challenges and Industrial Competitiveness'~~, following consultations with stakeholders about~~. This strategic planning process will be based on the results of a periodic assessment of the distances to SDG targets and the reporting of the progress towards the achievement of the objectives of the Energy Union according to Regulation EU (XX) [Governance of the Energy Union]. The specific programme must contribute to the achievement of these targets and objectives and must guarantee the ex-ante application of the Programme's share in the overall target of the EU budget expenditures that must be climate related. The multiannual planning will take into account the stakeholders' views on priorities and the suitable types of action and forms of implementation to use. This shall ensure alignment with other relevant Union programmes. __________________ 29 … …

2018/09/11
Committee: ITRE

2018/0224(COD)

Jeppe KOFOD, Kathleen VAN BREMPT, Theresa GRIFFIN

Proposal for a regulation
Article 7 – paragraph 3 – point a

(a) have a clear EU-added value and contribute to reaching Union priorities, the Union's commitment to the Paris agreement and the implementation of the SDGs;

2018/09/11
Committee: ITRE

2018/0224(COD)

Proposal for a regulation
Article 9 – paragraph 2 – point b – point 4

(4) EUR 1523 000 000 000 for cluster 'Climate, Energy and Mobility';

2018/09/11
Committee: ITRE

Jeppe KOFOD, Bendt BENDTSEN

Proposal for a regulation
Article 1 – paragraph 1 – point 1 – point e

Regulation (EU) No 575/2013
Article 129 – paragraph 7a (new)

7 a. For the purpose of point (d)(i), (e), (f)(i) and (g) of the first subparagraph of paragraph 1, Member States may decide to apply a higher limit referring to the portion of the loan contributing to the coverage of liabilities provided that the following conditions are met: (a) the limits referred to in those points are applicable at the time of the initial inclusion of the loan in the cover pool; (b) the portion of the loan exceeding the limits referred to in those points remains in the cover pool at the lifetime of the loan and is compliant with all requirements of [OP: Please insert reference to Directive (EU) on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EU and Directive 2014/59/EU]; (c) the calculation of overcollateralisation is either based on an approach which takes into account the underlying risk of the assets or an approach where the valuation of the assets is subject to mortgage lending value as defined in Article 4(1)(74); (d) the limit referring to the portion of the loan contributing to the coverage of liabilities cannot be higher than 100%.

2018/09/26
Committee: ECON

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Adina VĂLEAN, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Tunne KELAM, Laima Liucija ANDRIKIENĖ, Danuta Maria HÜBNER, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 2

2. Highlights that the EU-US relationship is the fundamental guarantor for global stability and has been the cornerstone of our efforts to ensure peace and stability for our societies since the end of the Second World War, and stronger multilateral economic cooperation and trade; believes that the ‘America first’ policy will harm the interests of both the EU and the US; stresses that protectionism should be avoided in the interest of all parties;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Adina VĂLEAN, Godelieve QUISTHOUDT-ROWOHL, Eva KAILI, Tunne KELAM, Laima Liucija ANDRIKIENĖ, Danuta Maria HÜBNER, Philippe JUVIN, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 11

11. Welcomes the ongoing and uninterrupted work of the TLD in fostering EU-US relations through parliamentary dialogue and coordination on issues of specific common interest, such as trade, security, economic and cultural issues; calls furthermore for a continued intensification of the dialogue and a strengthening of the transatlantic cooperation;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Eva KAILI, Tunne KELAM, Philippe JUVIN, Danuta Maria HÜBNER, Alojz PETERLE

Motion for a resolution
Paragraph 12

12. Recalls that both in the EU and the US, our societies are strong because they are built on a plurality of actors, including among others our governments, parliaments, various political institutions, civil society organisations, media and religious groups; highlights that we should foster links across the Atlantic to promote the merits of our transatlantic partnership, including by allocating appropriate funding~~, at different levels and not only focusing on the East and West Coasts~~;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Laima Liucija ANDRIKIENĖ, Danuta Maria HÜBNER, Alojz PETERLE

Motion for a resolution
Paragraph 16

16. Stresses the importance of cooperation, coordination and synergy effects in the field of security and defence and insists that burden sharing should not be solely focused on the target of spending 2 % of GDP on defence; states that NATO is still crucial for the collective defence of Europe and its allies;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Adina VĂLEAN, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Laima Liucija ANDRIKIENĖ, Danuta Maria HÜBNER, Philippe JUVIN, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 18

18. Reiterates the need for the EU and the US to enhance their cooperation in the field of cybersecurity and defence as well as ICT-security and strengthening of safety efforts to protect critical infrastructure including advancing common standards and stimulating compatibility and interoperability;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Eva KAILI, Danuta Maria HÜBNER, Philippe JUVIN, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 19 a (new)

19a. Stresses the need for proper negotiations regarding standardisation especially in the context of the increasingly rapid developments of technology, especially in the IT area;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Laima Liucija ANDRIKIENĖ, Danuta Maria HÜBNER, Philippe JUVIN, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 20

20. Emphasises that an important part of strengthening EU-US counter-terrorism efforts includes the ~~protection of critical infrastructure as well as a~~ comprehensive approach to fighting terrorism, also via coordination in ~~global forum~~regional, multilateral, and global forums as well as to promote the exchange of data relating to terrorist activities;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Laima Liucija ANDRIKIENĖ, Philippe JUVIN, Alojz PETERLE

Motion for a resolution
Paragraph 20 a (new)

20a. Calls for the stipulation of a political and societal dialogue balancing anonymity and responsibility in social media in the context of hate speech and fake news phenomena, cybercrime, extremist propaganda, and the infringement of the electoral process in social media;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Eva MAYDELL, Jeppe KOFOD, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Laima Liucija ANDRIKIENĖ, Alojz PETERLE

Motion for a resolution
Paragraph 27

27. Is concerned about US security and trade policy in East and Southeast Asia, including the political vacuum resulting from its TPP withdrawal, and welcomes the active trade policy of the EU in this part of the world, also for sake of political balance, this also applies to the TTIP or similar EU-US efforts;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Adina VĂLEAN, Godelieve QUISTHOUDT-ROWOHL, Petri SARVAMAA, Eva KAILI, Tunne KELAM, Danuta Maria HÜBNER, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 31

31. Reiterates that we have ~~shared~~common interests in Africa where we must coordinate and intensify our ~~support for good governance, democracy, human rights and security issue~~efforts regarding stable good governance with respect of democracy, economy with respect to internationally agreed standards for sustainability and the protection of the environment as well as regarding human rights and security issues on local, regional, and multinational levels;

2018/06/11
Committee: AFET

2017/2271(INI)

Christian EHLER, Jeppe KOFOD, Eva MAYDELL, Sofia RIBEIRO, Godelieve QUISTHOUDT-ROWOHL, Eva KAILI, Danuta Maria HÜBNER, Laima Liucija ANDRIKIENĖ, Reinhard BÜTIKOFER, Alojz PETERLE

Motion for a resolution
Paragraph 32

32. Points to our common political, economic and security interests with regard to China and Russia and recalls that joint efforts, ~~including at~~especially through the appointment of judges in the WTO, could be helpful to address imbalances in global trade deals with foreign ambitions, as on Ukraine and on the silk road;

2018/06/11
Committee: AFET

2017/2065(INI)

Peter KOUROUMBASHEV, Patrizia TOIA, José BLANCO LÓPEZ, Carlos ZORRINHO, Alessia Maria MOSCA, Jeppe KOFOD, Theresa GRIFFIN

Draft opinion
Paragraph 8 a (new)

8a. Highlights that the digital economy should be regarded as part of a EU taxation agenda and calls on the European Commission to ensure that multinationals in the digital sphere are subject to a fair, efficient and growth- friendly corporate tax system and are taxable in the countries where economic activity takes place and income is generated

2017/10/04
Committee: ITRE

2017/2005(INI)

Alfred SANT, Mady DELVAUX, Jeppe KOFOD, Costas MAVRIDES

Motion for a resolution
Paragraph 3

3. Calls for a clear definition of CBs in a European Directive; insists that the definition for securities henceforth called ‘covered bonds’ must not fall below the standards currently set by Article ~~129~~52(4) of the ~~CRR; requests that securities incompatible with this definition but compatible with Article 52(4) of the UCITS Directi~~UCITS Directive; CBs which are also compliant with Article 129 of the CRR should benefit from preferential risk weight treatment; for the achievement of the Capital Markets Union's objective, recognizes the potential of UCITS compliant dual recourse securities, with different requirements in terms of eligible cover aressets; calls on the Commission to properly defined them in the same directive under a name clearly distinct from ‘covered bonds’; suggests that this name may be ‘European Secured Notes’; (ESNs);

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 4 – introductory part

4. Calls on the Commission to propose a Directive defining CBs and ESNs, including all the following common principles achievable through-out the life of this issued in-strument independent of potential preferential treatment. :

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 4 – point e

e) Overcollateralisation (OC) ~~is applied to~~reflecting the risks of the cover pool is applied. By an extent to be determined in national law, the value of all cover pool assets must always be greater than the net present value of outstanding payment obligations. The value of cover pool assets is at all times to be determined on the basis of market prices when market prices are available and on the basis of face values adjusted for market conditions if no market prices are available;

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 4 – point g

g) A part of the cover pool assets or liquidity facilities is sufficiently liquid such that the payment obligations of the CB or ESN programme can be met for the next six months, except in cases with match funded bonds or bonds with a soft bullet and conditional pass through (CPT);

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 4 – point h – paragraph 1 – introductory part

National law provides for a robust special public supervision framework by specifying the competent authority, the cover pool monitor and the special administrator, along with a clear definition of the duties and supervisory powers of the competent authority, which can also function as cover pool monitor, to ensure that:

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 4 – point h – paragraph 1 – point ii

ii) the features of specific ~~programme~~cover pools meet the applicable requirements both prior to issuance of and until maturity of the security.

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 4 – point i

i) The issuer is required to disclose at least biannually aggregate data on the ~~programme~~cover pools to a level of detail that enables investors to carry out a comprehensive risk analysis. Information should be provided on the credit risk, market risk and liquidity risk characteristics of cover assets, on counterparties involved in the ~~programme~~cover pools and on the levels of legal, contractual and voluntary OC;

2017/04/28
Committee: ECON

2017/2005(INI)

Bendt BENDTSEN, Gunnar HÖKMARK, Jeppe KOFOD

Motion for a resolution
Paragraph 5 – point a

a) The security is fully collateralised by assets defined by Article 129(1)(a)-(f) of the CRR and in article 129(1) last two subparagraphs and satisfies the additional requirements of Article 129(2) and (7) of the CRR;

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 5 – point a

a) The security is fully collateralised by assets defined by Article 129(1)(a)-(fg) of the CRR and satisfies the additional requirements of Article 129(2) and (7) of the CRR;

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 5 – point b

b) The maximum LTV parameters for mortgages are set by European law in such a way that they do not surpass the LTV ratios currently fixed in Article 129 CRR~~, but are subject to regular review and adjustment in line with independent assessments (stress tests) of pricing conditions which might prevail in the relevant real estate markets under stress~~;

2017/04/28
Committee: ECON

2017/2005(INI)

Alfred SANT, Jeppe KOFOD, Costas MAVRIDES, Luigi MORGANO

Motion for a resolution
Paragraph 5 – point c

c) The maturity of the CB can~~not~~ be extended, ~~except in the event of insolvency or resolution of the issuer and with approval by the competent supervisory authority;~~subject to objective financial triggers established by national law, including in the event of insolvency or resolution of the issuer.

2017/04/28
Committee: ECON

2017/2005(INI)

Motion for a resolution
Paragraph 12

12. Encourages the regular execution of stress tests for CB ~~programme~~cover pools and the publication of stress test results;

2017/04/28
Committee: ECON

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point a

(a) AUM (or assets under management) calculated in accordance with Article 17 is less than EUR ~~1.2~~2.5 billion;

2018/06/05
Committee: ECON

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point c

(c) ASA (or assets safeguarded and administered) calculated in accordance with Article 19 is ~~zero~~EUR 70 million;

2018/06/05
Committee: ECON

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point d

(d) CMH (or client money held) calculated in accordance with Article 18 is ~~zero~~EUR 1.5 million;

2018/06/05
Committee: ECON

2017/0359(COD)

Proposal for a regulation
Article 12 – paragraph 1 – subparagraph 1 – point f

(f) NPR (net position risk) or CMG (clearing member guarantee) calculated in accordance with Articles 22 and 23 is ~~zero~~EUR 5 million;

2018/06/05
Committee: ECON

2017/0359(COD)

Theresa GRIFFIN, Jude KIRTON-DARLING, Clare MOODY, Jeppe KOFOD

Proposal for a regulation
Article 18 – paragraph 2 – introductory part

2. Where an investment firm has been holding client money for less than 312 months, it may use business projections to calculate K-CMH, subject to the following cumulative requirements:

2018/06/05
Committee: ECON

2017/0251(CNS)

Arndt KOHN, Peter SIMON, Jeppe KOFOD

Proposal for a directive
Recital 9 a (new)

(9a) Information on whether an economic operator is a certified taxable person should be accessible via the VIES system.

2018/06/06
Committee: ECON

2017/0251(CNS)

Arndt KOHN, Jeppe KOFOD, Peter SIMON

Proposal for a directive
Article 1 – paragraph 1 – point 1 Directive 2006/112/EC

4a. Where the status of certified taxable person is granted, that information shall be made available via the VIES system. Changes to that status shall be updated in the system without delay.

2018/06/06
Committee: ECON

2017/0251(CNS)

Arndt KOHN, Peter SIMON, Jeppe KOFOD

Proposal for a directive
Article 1 – paragraph 1 – point 3

Directive 2006/112/EC
Article 138 – paragraph 1 – point b

(b) the taxable person or non-taxable legal person for whom the supply is made is identified for VAT purposes in a Member State other than that in which dispatch or transport of the goods begins and possesses a VAT identification number accessible via the VIES;

Kathleen VAN BREMPT, Theresa GRIFFIN, Dan NICA, Edouard MARTIN, Miroslav POCHE, Jeppe KOFOD, Flavio ZANONATO, Miapetra KUMPULA-NATRI, Martina WERNER

26c. Urges the Commission and the Member States to come up with specific strategies to tackle the ever growing problem of energy poverty in order to help all consumers, especially the most vulnerable, to ameliorate their housing, heating and cooling conditions, on an individual or collective basis, whether they are home owners or tenants;

2016/05/30
Committee: ITRE

Proposal for a directive
Article 1 – paragraph 1 – point 8 – point b

Directive 2010/31/EU
Article 15 – paragraph 3 – introductory part

3. As an alternative to paragraph 1 Member States ~~may~~shall set requirements to ensure that by 31st December 2023, all residential buildings with centralised technical building systems of a cumulated effective rated output of over 100 kW are equipped:

2017/06/19
Committee: ITRE

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 1

Directive 2012/27/EU
Article 1 – paragraph 1

1. This Directive establishes a common framework of measures to promote energy efficiency within the Union in order to ensure that the Union’s 2020 20 % headline targets and its 2030 340 % binding headline targets on energy efficiency are met and paves the way for further energy efficiency improvements beyond those dates, in line with the EU's long-term decarbonisation goals and the UNFCC Paris Agreement of December 2015. It lays down rules designed to remove barriers in the energy market and overcome market failures that impede efficiency in the supply and use of energy, and provides for the establishment of ~~indicative national energy efficiency targets and contributions for 2020 and 2030.;~~ national energy efficiency targets for 2020 and 2030. This Directive contributes to the implementation of the ‘energy efficiency first’ principle and ensures that energy efficiency and demand side response can compete on equal terms with generation capacity. Energy efficiency needs to be considered whenever energy system relevant planning or financing decisions are taken.

2017/07/07
Committee: ITRE

Proposal for a directive
Article 1 – paragraph 1 – point 2

4. Each Member State shall set bindi~~cative~~ng national energy efficiency ~~contributions towards~~targets which shall cumulatively be in line with the Union's 2030 target referred to in Article 1 paragraph 1 in accordance with Articles [4] and [6] of Regulation (EU) XX/20XX [Governance of the Energy Union]. When setting th~~ose contribution~~e level of their targets, Member States shall take into account that the Union’s 2030 energy consumption has to be no more than 1 ~~321~~129 Mtoe of primary energy and no more than ~~987~~825 Mtoe of final energy. Member States shall notify those ~~contribution~~targets to the Commission as part of their integrated national energy and climate plans in accordance with the procedure pursuant to Articles [3] and [7] to [11] of Regulation (EU) XX/20XX [Governance of the Energy Union].;

2017/07/07
Committee: ITRE

2016/0376(COD)

Proposal for a directive
Article 1 – paragraph 1 – point 3

Directive 2012/27/EU
Article 7 – paragraph 1 – subparagraph 1 – point b

(b) new savings each year from 1 January 2021 to 31 December 2030 of ~~1.5~~2 % of annual energy sales to final customers by volume, averaged over the most recent three-year period prior to 1 January 2019. These savings shall be cumulative and additional to savings achieved under point (a).

2017/07/07
Committee: ITRE

2016/0376(COD)

Theresa GRIFFIN, Jude KIRTON-DARLING, Clare MOODY, Jeppe KOFOD

Proposal for a directive
Article 1 – paragraph 1 – point 3 (new)

Directive 2012/27/EU
Article 7 – paragraph 1 – subparagraph 2 a (new)

Member States shall ensure that all savings counted are new and additional. In particular, where earlier policy measures, programmes and/or individual actions are no longer delivering savings, the loss of these earlier savings shall be accounted for in calculating the overall amount of end-use energy savings to be achieved at the end of each period, and the loss replaced by new savings from new actions. Savings in each period shall build cumulatively upon the amount of savings to be achieved in the previous period(s).

2017/07/07
Committee: ITRE

Proposal for a directive
Article 1 – paragraph 1 – point 13

Directive 2012/27/EU
Article 24 – paragraph 12

12. The Commission shall ~~evaluate this Directive by 28 February 2024 at the latest, and every five years thereafter, and shall submit a report to the European Parliament and the Council~~undertake a general review this Directive within six months of the UNFCCC global stocktake in 2023, and after subsequent global stocktakes thereafter, and shall submit a report to the European Parliament and the Council assessing the general effectiveness of this Directive and the need to adjust the Union's energy efficiency policy in accordance with the objectives of the Paris Agreement. That report shall be accompanied, if appropriate, by proposals for further measures.;

2017/07/04
Committee: ITRE

2016/0376(COD)