15 Amendments of Jeppe KOFOD related to 2015/0009(COD)
Amendment 76 #
Proposal for a regulation
Recital 10
Recital 10
(10) The purpose of the EFSI should be twofold: a) to help resolve the difficulties in financing and implement ingnovation- driven and productive investments in the Union and b) to ensure increased access to financing. It is intended that increased access to financing should be of particular benefit to small and medium enterprises. It is also appropriate to extend the benefit of such increased access to financing to mid-cap companies, which are companies having up to 3000 employee for small and medium enterprises and small mid-caps as well as innovative SMEs and innovative mid-caps. Overcoming Europe's current investment difficulties should contribute to strengthening the Union's competitiveness, innovation potential, economic, social and territorial cohesion and energy and resource efficiency by transitioning into a sustainable and circular economy.
Amendment 98 #
Proposal for a regulation
Recital 11 a (new)
Recital 11 a (new)
(11a) The investments supported under EFSI should contribute to the aim of Article 194 (1) of the Treaty in particular promoting energy efficiency and energy savings and the development of new and renewable forms of energy and promoting the interconnection of energy networks, and to the Union's strategy for smart, sustainable and inclusive growth adopted in the conclusions of the European Council of 17 June 2010; in order to improve coordination of the Unions investment policies, Regulation 1303/2013 was established with a Common Strategic Framework ('CSF') in order to promote the harmonious, balanced and sustainable development of the Union. This integrated approach should accordingly be applied to operations and projects supported by the EFSI;
Amendment 103 #
Proposal for a regulation
Recital 11 b (new)
Recital 11 b (new)
(11b) The Commission Communication (COM(2015/80)) on the Energy Union has stressed the importance of energy efficiency as an energy source in its own right and states clearly that EFSI "provides an opportunity to leverage major investments in renovating buildings". In order to grasp that opportunity, a special focus on energy efficiency is needed by means of earmarking a share of the granted guarantees for energy efficiency; by providing technical assistance for the establishment of dedicated investment platforms for aggregated energy efficiency projects; and by broadening the "investment clause" for energy efficiency investments.
Amendment 130 #
Proposal for a regulation
Recital 14 a (new)
Recital 14 a (new)
(14a) When selecting the projects eligible under EFSI support, specific attention should be given to energy efficiency; when deciding on projects for energy generation or energy transport, it should be assessed whether the goals in terms of security of supply cannot be reached in a more sustainable and cost-effective way by reducing energy demand or raising energy efficiency instead; this to ensure that energy efficiency projects are competing on equal terms with projects that are aimed at increasing energy supply or developing new infrastructures;
Amendment 163 #
Proposal for a regulation
Recital 18 a (new)
Recital 18 a (new)
(18a) Investments in energy efficiency are acknowledged to create up to 2 million jobs by 2020 and possibly another 2 million jobs by 2030. Efficiency also represents one of the few economic sectors where a leverage factor higher than 15 has been achieved in the past. In order to ensure that the EFSI fulfils its purpose of leveraging private investments, delivering jobs, fostering resilient economic developments, and reducing macro-economic imbalances, it is imperative that an amount equivalent to EUR 5 000 000 000 from the EFSI is allocated to a Dedicated Energy Efficiency Fund;
Amendment 174 #
Proposal for a regulation
Recital 20
Recital 20
(20) At the level of projects, third parties may co-finance together with EFSI on a project-by-project basis or in investment platforms related to specific geographic or thematic sectors. Special attention should be given to investment platforms that focus on transformative sectors with high economic and societal added value, and investment platforms that aggregate small scale sustainable and innovative projects, notably driven by regions, cities and SMEs; for example energy efficiency projects such as the refurbishment of building stock.
Amendment 314 #
Proposal for a regulation
Article 3 – paragraph 5 – subparagraph 1
Article 3 – paragraph 5 – subparagraph 1
The EFSI Agreement shall provide that the EFSI shall have an Investment Committee, which shall be responsible for examining potential operations in line with the EFSI investment policies and approving the support of the EU guarantee for operations: (a) in line with Article 5,; (b) in line with the EU climate and energy objectives for 2020, 2030 and 2050; as to avoid jeopardizing these objectives or creating lock-in effects into technologies, production processes or infrastructures that are at the risk of stranding; (c) with a demonstrable economic, societal and sustainable added value promoting EU innovations, skills, jobs and competitiveness; and (d) irrespective of their geographic location.
Amendment 362 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point a a (new)
Article 5 – paragraph 2 – subparagraph 1 – point a a (new)
(aa) development of sustainable energy infrastructure, in particular in electricity interconnections, smart grids at distribution level and energy storage;
Amendment 386 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 1 – point c
Article 5 – paragraph 2 – subparagraph 1 – point c
(c) expansion of renewable energy and, energy efficiency and resource efficiency, with a particular focus on reducing energy demand through demand-side management and buildings refurbishments;
Amendment 428 #
Proposal for a regulation
Article 5 – paragraph 2 – subparagraph 2 a (new)
Article 5 – paragraph 2 – subparagraph 2 a (new)
At least 20 % of the granted guarantees shall be reserved for energy efficiency investments, in particular via the establishment of dedicated investment platforms for the refurbishment of the building stock.
Amendment 435 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2a. The EFSI shall offer privileged access to guarantees for small projects and small actors, following a de-risking strategy. For this purpose, the EU guarantee shall be granted, inter alia to the establishment of: - a Dedicated Energy Efficiency Fund covering an amount of guarantees of at least 5 billion Euros notably to support projects promoted by cities and local governments, - a Dedicated SME Fund covering an amount of at least 5 billion Euros and implemented by the EIF as defined in Article 7;
Amendment 436 #
Proposal for a regulation
Article 5 – paragraph 2 a (new)
Article 5 – paragraph 2 a (new)
2a. The EU guarantee shall only be granted for projects and operations which fulfil the following eligibility criteria: (a) Projects and operations have to contribute to the Union’s strategy for smart, sustainable and inclusive growth; they shall comply with the objectives of Article 9 and be in line with Article 10 and Annex I of Regulation (EU) No 1303/2013; (b) Projects and operations have to foster the transition towards a smart, sustainable, decarbonized economy and shall be consistent with the agreed EU climate and energy objectives for 2020, 2030 and 2050; (c) Projects and operations have to contribute to the aim of Article 194(1) of the Treaty in particular promoting energy efficiency and energy savings and the development of new and renewable forms of energy; (d) Projects and operations supported by dedicated investment platforms and national promotional banks and institutions, have to comply with the policies and eligibility criteria of the Steering Board in accordance with the second paragraph of Article 5(2); the policies and eligibility criteria of the Steering Board may not be in deviation of the criteria under (a) and (b) of this paragraph;
Amendment 447 #
Proposal for a regulation
Article 7 – paragraph 1
Article 7 – paragraph 1
1. The EU guarantee to the EIB shall be of an amount equal to EUR 16 000 000 000, of which a maximum: - an amount of EUR 2 55 000 000 000 mayshall be allocated for EIB funding to the EIF in accordance with paragraph 2. Without prejudice to Article 8(9), aggregate payments from the Union under the guarantee to the EIB shall not exceed the amount of the guaranteeactivities of the Dedicated SME Fund. - an amount of at least EUR 5 000 000 000 shall be allocated for EIB funding to the Dedicated Energy Efficiency Fund in accordance with Article 5(2a).
Amendment 480 #
Proposal for a regulation
Article 10 – paragraph 2 – point b
Article 10 – paragraph 2 – point b
(b) an assessment of the economic and societal added value, the mobilisation of private sector resources, the estimated and actual outputs, outcomes and impact of EIB financing and investment operations at an aggregated basis, this includes the impact on the creation of future oriented, sustainable and local jobs, the sustainable transition and decarbonisation of the EU’s economy, the preservation and increase of the viability of ecosystem services, the diminishing of EU’s dependency on energy and natural resources, the increase of the competiveness and the innovation potential of the Union’s economy;
Amendment 513 #
Proposal for a regulation
Article 16 – paragraph 1 a (new)
Article 16 – paragraph 1 a (new)
1a. In its financing and investment operations, the EIB shall not support activities that hamper the Union on its path towards sustainable progress; in that regard, the EIB shall not participate in any projects that create a lock-in into technologies, production processes or infrastructures that are at the risk of stranding as they are not in line with the EU’s energy and climate objectives for 2020, 2030 and 2050;