5 Amendments of Caroline NAGTEGAAL related to 2018/2007(INI)
Amendment 23 #
Motion for a resolution
Citation 32
Citation 32
— having regard to the Bankwatch Network briefing of May 2017European Investment Bank (EIB) 2016 Statistical Report, which foundshows that in 16 EU Member States European Investment Bank (EIB) support for climate actionEIB support for climate action continues to reflect the different market contexts across the EU and did not reach even the level of 20 % in 16 EU Member States in 2016, and that while 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,the EIB financed renewable energy and energy efficiency projects in 18 Member States in 20161a; _________________ 1aEuropean Investment Bank 2016 Statistical Report, 27.04.2017.
Amendment 84 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Stresses that the financial sector as a whole and its core function of allocating capital to benefit society should be governed by the values of equity andprinciple of sustainability; emphasises in that respect the instrumental role of economic, and fiscal and monetary policy in fostering sustainable finance by facilitating capital allocation to decarbonised and resource- efficient economic activities which are able to reduce the current need for future resources and thereby capable of meeting EU sustainability goals; insists that a substantial price for greenhouse gas emissions is a key component of a functioning and efficient environmental and social market economy;
Amendment 106 #
Motion for a resolution
Paragraph 3 a (new)
Paragraph 3 a (new)
3 a. Emphasizes the potential risks to systemic shocks that could develop as a consequence of an abrupt shift in finance to sustainability; calls for the need to work towards a balanced, stable and gradual transition, that enables stakeholders to orientate themselves towards a higher degree of sustainability; emphasizes that sufficient access to capital plays an essential role in this process;
Amendment 286 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Notes that the EIB has a mixed recordis well on track concerning its commitment to the financing onf climate action; insists that the EIB should only agree to future lending that is compatible with a 1.5 °C climate limit;, exceeding its overall target of 25% in 20162a; calls on the EIB to continue supporting through its future lending the transition to a low- carbon and climate-resilient economy that is in line with EU policy objectives; _________________ 2aEIB Group 2016 Sustainability Report, 15.06.2017, p. 24.
Amendment 302 #
Motion for a resolution
Paragraph 19
Paragraph 19