27 Amendments of Fredrick FEDERLEY related to 2018/0178(COD)
Amendment 150 #
Proposal for a regulation
Recital 9 a (new)
Recital 9 a (new)
(9 a) In order for the Union to reach its environmental and climate commitments, private investments need to be mobilized. Achieving this requires long-term planning as well as regulatory stability and predictability for investors. In order to guarantee a coherent policy framework for sustainable investments, it is therefore important that the provisions of this Regulation build upon existing Union legislation.
Amendment 168 #
Proposal for a regulation
Recital 13
Recital 13
(13) A Union classification of environmentally sustainable economic activities should enable the development of future Union policies and strategies, including Union- wide standards for environmentally sustainable financial products and eventually the establishment of labels that formally recognise compliance with those standards across the Union. Uniform legal requirements for considering investments as environmentally sustainable investments, based on uniform criteria for environmentally sustainable economic activities, are necessary as a reference for future Union legislation aiming at enabling those investments.
Amendment 171 #
Proposal for a regulation
Recital 13 a (new)
Recital 13 a (new)
(13 a) Setting harmonised criteria for environmentally sustainable economic activities should not undermine the division of competences between Member States and the Union in different policy areas.
Amendment 186 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16 a) To avoid harming the innovation climate in the EU and the Member States, this Regulation should be aligned with other Union legislation incentivising innovation, research and development, especially in the area of climate change, where a high level of long-term investments are required.
Amendment 191 #
Proposal for a regulation
Recital 18
Recital 18
(18) For the purposes of determining whether an economic activity is environmentally sustainable, an exhaustive list of environmental objectives should be laid down, ensuring coherence with existing Union legislation, such as the Clean Energy Package.
Amendment 282 #
Proposal for a regulation
Article 1 – paragraph 2 – point b b (new)
Article 1 – paragraph 2 – point b b (new)
(b b) financial market participants that use the taxonomy to define whether a financial product or service and/or investments is unsustainable. The use of the taxonomy to define whether a financial product or service and/ or investments is unsustainable shall be optional. Disclosure requirements, as defined under Article 4, paragraph 2, of this Regulation shall also be optional.
Amendment 305 #
Proposal for a regulation
Article 2 – paragraph 1 – point g
Article 2 – paragraph 1 – point g
(g) 'circular economy' means maintaining the value and usage of products, materials and resources in the economy for as long as possible, and minimising waste, including through the application of the waste hierarchy as laid down in Article 4 of Directive 2008/98/EC of the European Parliament and of the Council;50 _________________ 50 Directive 2008/98/EC of the European Parliament and of the Council of 19 November 2008 on waste and repealing certain Directives (OJ L 312, 22.11.2008, p. 3).
Amendment 308 #
Proposal for a regulation
Article 2 – paragraph 1 – point j
Article 2 – paragraph 1 – point j
(j) 'energy efficiency' means using energy more efficientlcy at all the stages of the energy chain from production to final consumptions defined in Article 2(4) of Directive 2012/27/EU;
Amendment 310 #
Proposal for a regulation
Article 2 – paragraph 1 – point n
Article 2 – paragraph 1 – point n
Amendment 395 #
Proposal for a regulation
Article 5 – paragraph 1 – point 4
Article 5 – paragraph 1 – point 4
(4) transition to a circular economy, waste prevention and recycling in line with the EU waste acquis;
Amendment 409 #
Proposal for a regulation
Article 6 – paragraph 1 – point a
Article 6 – paragraph 1 – point a
(a) generating, storing or using renewable energy or climate-neutral energy (including carbon-neutral energy) in line with the Renewable Energy Directive, including through using innovative technology with a potential for significant future savings or through necessary reinforcement of the grid;
Amendment 420 #
Proposal for a regulation
Article 6 – paragraph 1 – point b
Article 6 – paragraph 1 – point b
(b) improving energy efficiency in line with the Energy Efficiency Directive;
Amendment 425 #
Proposal for a regulation
Article 6 – paragraph 1 – point d
Article 6 – paragraph 1 – point d
(d) switching to use of renewableor increasing the use of renewable materials substituting especially fossile based materials;
Amendment 431 #
Proposal for a regulation
Article 6 – paragraph 1 – point h
Article 6 – paragraph 1 – point h
(h) producing clean and efficient fuels from renewable or carbon-neutral sources, in line with the Renewable Energy Directive.
Amendment 456 #
Proposal for a regulation
Article 9 – paragraph 1 – introductory part
Article 9 – paragraph 1 – introductory part
1. An economic activity shall be considered to contribute substantially to the transition to a circular economy and waste prevention and recycling where that activity, in line with the EU waste acquis, contributes substantially to that environmental objective through any of the following means:
Amendment 461 #
Proposal for a regulation
Article 9 – paragraph 1 – point d
Article 9 – paragraph 1 – point d
(d) reducing the content of hazardous substances in materials and products, in accordance with the provisions laid down by EU legislation ensuring safe management of substances, materials and products;
Amendment 488 #
Proposal for a regulation
Article 11 – paragraph 1 – point d
Article 11 – paragraph 1 – point d
(d) sustainable forest management in accordance with applicable national legislation in line with the conclusions from the Ministerial Conference on the Protection of Forests in Europe (Helsinki, 1993), the obligations provided by Regulation (EU) 2018/841 (LULUCF) as well as Regulation (EU) 995/2010 (EU Timber Regulation) .
Amendment 539 #
Proposal for a regulation
Article 14 – paragraph 1 – point f
Article 14 – paragraph 1 – point f
(f) take into account the environmental impacts of the economic activity itself, as well as of the products and services provided by that economic activity, throughout their lifecycle, in as far as relevant information is available, notably by considering their production, use and end-of-life;
Amendment 548 #
Proposal for a regulation
Article 14 – paragraph 1 – point h a (new)
Article 14 – paragraph 1 – point h a (new)
(h a) take into account if an activity is in transition to a more sustainable and/ or low-carbon configuration and/ or operation, through research and innovation projects, specific timelines and pathways of this transition;
Amendment 551 #
Proposal for a regulation
Article 14 – paragraph 1 – point j a (new)
Article 14 – paragraph 1 – point j a (new)
(j a) fully respect the subsidiarity principle, enshrined in Article 69 and protocol no 2 in TFEU and the division of competence between Member States and the Union as enshrined in the Treaties.
Amendment 552 #
Proposal for a regulation
Article 14 – paragraph 1 – point j a (new)
Article 14 – paragraph 1 – point j a (new)
(j a) be sector specific, where possible.
Amendment 566 #
Proposal for a regulation
Article 15 – paragraph 1 – point b
Article 15 – paragraph 1 – point b
(b) experts representing relevant private stakeholders representing all parts of society, in particular stakeholders with proven knowledge and experience in the areas of investments and sustainability;
Amendment 587 #
Proposal for a regulation
Article 15 – paragraph 2 – point a
Article 15 – paragraph 2 – point a
(a) advise the Commission on the technical screening criteria referred to in Article 14, especially in order to secure the principle of subsidiarity and within that remit the precautionary principle, and the possible need to update those criteria;
Amendment 615 #
Proposal for a regulation
Article 16 – paragraph 2
Article 16 – paragraph 2
2. The power to adopt delegated acts referred to in Articles 4(3), 6(2), 7(2), 8(2), 9(2), 10(2) and 11(2) shall be conferred on the Commission for an indeterminate period from [Date of entry into force of this Regulation]. The power to adopt delegated acts shall not limit national competence or undermine the principle of subsidiarity, especially in relation to national application of the adopted text of the Ministerial Conference on the Protection of Forests in Europe (Helsinki, 1993).
Amendment 625 #
Proposal for a regulation
Article 17 – paragraph 1 – point a
Article 17 – paragraph 1 – point a
(a) the progress on the implementation of this Regulation with regard to the development of technical screening criteria for environmentally sustainable economic activities, especially how the principle of subsidiarity and the division of competences between the Union and Member States has been respected;
Amendment 641 #
Proposal for a regulation
Article 17 – paragraph 1 – point d a (new)
Article 17 – paragraph 1 – point d a (new)
(d a) the effects of this Regulation in delivering long-term stability incentivising long-term sustainable investments that are in line with the Union's climate commitments.
Amendment 661 #
Proposal for a regulation
Article 18 – paragraph 2 a (new)
Article 18 – paragraph 2 a (new)
2 a. This Regulation shall respect the principle of non-retroactivity and shall not apply to contracts concluded before date of entry into force of this Regulation, as established under paragraph 1 of this Article.