16 Amendments of Mauri PEKKARINEN related to 2019/2126(INI)
Amendment 6 #
Motion for a resolution
Citation 14 a (new)
Citation 14 a (new)
- having regard to the Commission communication of 11 December 2019 on ‘The European Green Deal’ (COM(2019)0640),
Amendment 19 #
Motion for a resolution
Recital E a (new)
Recital E a (new)
E a. whereas the Commission has set its commitment to tackle climate and environmental-related challenges as this generation’s defining task in the European Green Deal aiming at making Europe climate-neutral and protecting EU's natural capital;
Amendment 37 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Reiterates the need to reduce the inequalities in the geographical distribution of EIB financing, given that 57% went to six Member States in 2018; calls for the facilitating of a fair and transparent geographical distribution of projects and investment, with a special focus on less- developed regions;
Amendment 65 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Welcomes the decisions taken on 14 November 2019 by the EIB’s Management Board to align the EIB’s policies with the goal of limiting global warming to a maximum of 1.5°C above pre-industrial levels; recalls that the transformation of the EIB into a Climate Bank can only be achieved if the EIB aligns all its operations with the objectives of the Paris Agreement;
Amendment 91 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Is of the opinion that the EIB should require its intermediary clients to disclose their exposure to fossil fuels, and should gradually apply restrictions to heavily exposed intermediaries; expects that, by the end of 20205, all intermediaries will have a decarbonisation plan, which is indispensable for their financing to continue;
Amendment 95 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Is of the opinion that, in line with best practices in the commercial banking sector3 , EIB financing should be subject to ambitious scientific objectives and commitments science-based transition plan with clear targets and time-based commitments to align with the Paris Agreement, with a view to phasing out its support to clients whose activities lead to significant GHG emissions; _________________ 3 Crédit Agricole has undertaken to end support for undertakings which develop or plan to develop their activities in the coal sector. Crédit Agricole’s zero tolerance policy applies to all enterprises which develop or plan to develop their activities in the coal sector, ranging from extraction and energy production, to trade and transport.
Amendment 101 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Welcomes the new EIB energy lending policy and the example it sets for other banks; regrets that exceptions are applicable to the approval of gas projects until the end of 2021 and that support for gas projects planned for the transport of low-carbon gases is set to continue; calls for this policy to be reviewed in the medium term (by the start of 2022) to close the gaps in gas infrastructure to bring it in line with the European Sustainable Finance Taxonomy and the European Green Pact, and to be consistent with the development of appropriate new external actions in the EU; stresses the risk to invest in stranded assets via loans to fossil fuel infrastructure; calls, therefore, on the EIB to adopt a cautious approach in terms of support for fossil fuel projects;
Amendment 108 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Insists that the EIB urgently and fully implement the principle of energy efficiency first in all its energy lending, taking into account the impact of energy efficiency on future demand and its contribution to energy security;
Amendment 110 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Calls on the EIB to makeBelieves that the review of itsthe EIB transport lending policy is a key priority; calls for swift adoption of a new transport financing policy to decarbonise the EU transport sector by 2050;
Amendment 113 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Calls for rigorous policies to be implemented in carbon-intensive industrial sectors in which the EIB is active, such as cement, petrochemicals and steel, with a view to phasing out all ‘brown’ loans and aligning all sectoral loans, focusing on the promotion of a circular economy based on non-toxic material cycles;
Amendment 119 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Reminds the EIB that biodiversity protection is a key element of adaptation to climate change and that the restoration of ecosystems is the only proven technology when it comes to negative emissions; calls on the EIB to commit to ending the financing of projects which contribute to the loss and degradation of biodiversity and ecosystems, and to increase substantially its funding to achieve the EU’s objectives in this area, in particular the objective of zero net deforestation, and the objectives ofo support pro-biodiversity and adaptation actions, key ecosystem services such as pollination, green infrastructure and marine and coastal protection;
Amendment 140 #
Motion for a resolution
Paragraph 22
Paragraph 22
22. Stresses that, in order to achieve these ambitions, the EIB may need to take further risks, in addition to increasing its own funds and building expertise in innovative financing instruments; calls for the EIB and the EU Member States to ensure it has adequate resources, including appropriate capitalisation, to enable it to use innovative instruments to finance projects with significant potential to produce sustainable, social and innovative gains;
Amendment 153 #
Motion for a resolution
Paragraph 23
Paragraph 23
23. Urges the EIB, the largest multilateral lender in the world, to maintain its leading role in future EU financing mechanisms for third countries; opposes the recent initiatives to encourage the EIB to be more active in defence and security, migration management and border control;
Amendment 186 #
Motion for a resolution
Paragraph 28
Paragraph 28
28. Recalls that the same principles of accountability and transparency should apply to all EU bodies7 ; reminds the EIB of its legal obligations under the Aarhus Convention on access to information, public participation in decision-making and access to justice in environmental matters in the EU; _________________ 7As recalled by the European Court of Auditors in 2018.
Amendment 192 #
Motion for a resolution
Paragraph 30
Paragraph 30
30. Asks the EIB to publish all information relating to direct loans subject to the approval of the Management Board, including by publishing for each project the opinion of the Commission and that of the Member State in which the project is located, as well as the Results Measurement (ReM) sheets;
Amendment 198 #
Motion for a resolution
Paragraph 31
Paragraph 31
31. Calls on the EIB to propose a broad transparency strategy covering all the activities of the EIB Group and to review its transparency policy in 2020 in order to ensure the timely publication of more ample information on its financing activities, so as to ensure that its transparency policy is compliant with its climate and environmental commitments;