26 Amendments of Jonás FERNÁNDEZ related to 2018/2007(INI)
Amendment 14 #
Motion for a resolution
Citation 20 a (new)
Citation 20 a (new)
Amendment 24 #
Motion for a resolution
Citation 32
Citation 32
— having regard to the Bankwatch Network briefing of May 2017 which found that in 16 EU Member States European Investment Bank (EIB) support for climate action did not reach even the level of 20 % and that climate action investment in 2016 was predominantly located in the EU’s stronger economies, with 70 % of European Fund for Strategic Investments (EFSI) support for renewable energy being concentrated in Belgium, while 80 % of energy efficiency investment through the EFSI was allocated to France, Finland and Germany,
Amendment 26 #
Motion for a resolution
Citation 32 a (new)
Citation 32 a (new)
- having regard to the European Parliament Resolution of 8 February 2018 on the Annual Report on the Financial Activities of the European Investment Bank,
Amendment 27 #
Motion for a resolution
Citation 32 b (new)
Citation 32 b (new)
- having regard to the European Parliament resolution of 6 February 2018 on the European Central Bank Annual Report for 2016,
Amendment 28 #
Motion for a resolution
Citation 32 c (new)
Citation 32 c (new)
- having regard to the European Parliament Resolution of 20 October 2017 on the Action Plan on Retail Financial Services,
Amendment 29 #
Motion for a resolution
Citation 32 d (new)
Citation 32 d (new)
- having regard to the EIB Investment Report 2017/2018,
Amendment 30 #
Motion for a resolution
Citation 32 e (new)
Citation 32 e (new)
- having regard to the EU Bioeconomy Strategy adopted and launched on 13 February 2012,
Amendment 31 #
Motion for a resolution
Citation 32 f (new)
Citation 32 f (new)
- Having regard to the Review of the 2012 European Bioeconomy Strategy of November 2017;
Amendment 32 #
Motion for a resolution
Citation 32 g (new)
Citation 32 g (new)
- having regard to the European Parliament Resolution of 14 June 2013 on innovating for sustainable growth: a bioeconomy for Europe,
Amendment 33 #
Motion for a resolution
Citation 32 h (new)
Citation 32 h (new)
- having regard to the European Investment Bank (EIB) 2016 Statistical Report, which shows that EIB support for climate action continues to reflect the different market contexts across the EU and that the EIB financed renewable energy projects in 11 Member States and energy efficiency projects in 18 Member States in 2016,
Amendment 34 #
Motion for a resolution
Citation 32 i (new)
Citation 32 i (new)
- having regard to the Interim Evaluation of the Bio-based Industries Joint Undertaking (2014-2016) operating under Horizon 2020 of June 2017,
Amendment 35 #
Motion for a resolution
Citation 32 j (new)
Citation 32 j (new)
- having regard to the Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking,
Amendment 36 #
Motion for a resolution
Citation 32 k (new)
Citation 32 k (new)
- having regard to the European Parliament Resolution of 5 February 2014 on the proposal for a Council regulation on the Bio-based Industries Joint Undertaking,
Amendment 69 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Stresses the potential of a faster green transition as an opportunity for orienting capital markets towards long- term, innovative and efficient investments in order to finance the circular economy; notes that environmental, social and governance (ESG) benefits and risks are not reflected in prices and that this provides a market advantage to unsustainable and short-termist geared finance; stresses that a political and regulatory framework to govern sustainable finance is overdue;
Amendment 78 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Considers that more financial resources should be directed to investments in renewable energy, bio- based industries, ecologic agriculture, and sustainable biofuels;
Amendment 235 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Notes the urgent need for a uniform standard for green bonds; insists that such green bonds should include periodic reporting on the environmental impacts of the underlying assets; underlines that green bonds should also respect negative criteria and must not include any form of fossil fuel asset, excepting carbon capture, storage and processing technologies, nuclear power or investment in aviation infrastructure;
Amendment 265 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16 a. Recalls that Parliament has called for the introduction of an EU savings account for the financing of the green economy in its Resolution of 20 October 2017 on the Action Plan on Retail Financial Services;
Amendment 266 #
Motion for a resolution
Paragraph 16 b (new)
Paragraph 16 b (new)
16 b. Asks the Commission to put forward a proposal for the creation of an 'EU savings account' in order to unlock long-term financing and support ecological transition in Europe;
Amendment 267 #
Motion for a resolution
Paragraph 16 c (new)
Paragraph 16 c (new)
16 c. Considers that the EU savings account could be managed by the EIB;
Amendment 282 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Notes that the EIB has a mixed record on climate action; insists that the EIB should only agree to future lending that is compatible with ais the largest multilateral financier of climate action policy; notes that total climate action financed in 2012-2016 by the EIB was in excess of 90 billion Euro; notes that EIB climate action finance in 2016 represented over 26 % of overall EIB financing; notes that EIB energy lending focuses energy efficiency, renewable energy, energy networks, as well as related research and innovation; notes that EIB lending for renewable energy reached nearly 4 billion Euro in 2016; considers that though the EIB is on track concerning its commitment to the financing of climate action programs, this institution should continue to provide and further enhance lending for the transition to a low-carbon and climate-resilient economy, in line with EU policy objectives, including the respect of the 1.5 °C climate limit;
Amendment 290 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18 a. Notes that the EIB pioneered the Green Bond market in 2007 by issuing the world’s first green bond, branded as “Climate Awareness Bond” (CAB). Since then the EU Bank has issued EUR 21.3 billion in green bonds across 11 currencies, making the EIB the world’s largest issuer of green bonds as of 19 February 2018; notes that proceeds from EIB’s green bonds are earmarked for investments in energy efficiency and renewable energy projects, in line with EU policy objectives; notes that the EIB also contributes to the Green Bond market development by actively participating in the market’s governance, notably through the Green Bond Principles, which support transparency and accountability; notes that the EIB has chaired the Green Bond Principles framework since 2015;
Amendment 293 #
Motion for a resolution
Paragraph 18 a (new)
Paragraph 18 a (new)
18a. Proposes that the EIB should offer a minorist tranche in its green bond issues;
Amendment 295 #
Motion for a resolution
Paragraph 18 b (new)
Paragraph 18 b (new)
18 b. Asks the EIB to use the '"Green" label when issuing Project Bonds for the financing of ecological investments;
Amendment 296 #
Motion for a resolution
Paragraph 18 c (new)
Paragraph 18 c (new)
18 c. Notes the key role played by the Bio-Based Industries Joint Undertaking (BBI-JU) in the financing and development of bio-based industries, which are fundamental for the decarbonisation of the economy; welcomes the commitment of 0.5 billion Euro by BBI-JU over the 2014-2016 period to operational programs, including demonstration and flagships projects, such as bio-refineries;
Amendment 299 #
Motion for a resolution
Paragraph 18 d (new)
Paragraph 18 d (new)
18 d. Highlights the importance of sufficient financing for bio-based industries; calls on the EIB to provide additional lending to sound, well-rated projects that do not receive funding from the Bio-Based Industries Joint Undertaking;
Amendment 308 #
Motion for a resolution
Paragraph 19
Paragraph 19
19. CRecalls that the ECB as an EU Institution is also bound by the Paris Agreement; calls on the ECB to redesign its purchase programmes in order to rebalance and align its portfolio with an investment policy that is consistent with the Paris Agreement and ESG goals; underlines that such redesign may act as a pilot for establishing a future sustainability taxonomy;