23 Amendments of Stéphanie YON-COURTIN related to 2020/2124(INI)
Amendment 15 #
Motion for a resolution
Recital B a (new)
Recital B a (new)
B a. whereas the EIB plays an important role in the EU's strategy to tackle climate- and environmental-related challenges - challenges that are this generation's defining task, as outlined by the Commission, with EUR 350 billion of additional investments needed annually to achieve the updated 2030 climate and energy targets;
Amendment 19 #
Motion for a resolution
Recital B b (new)
Recital B b (new)
B b. whereas the EIB, being the world’s largest multilateral borrower and lender, and jointly owned by EU Member States, is the EU’s natural partner for the implementation of financial instruments, in close cooperation with national and multilateral financial institutions;
Amendment 31 #
Motion for a resolution
Paragraph 1 – point 1 (new)
Paragraph 1 – point 1 (new)
(1) Recognises that the pandemic has reinforced the need for the EU and Member States to redirect capital flows towards climate adaptation and mitigation projects, to make our economies, businesses and societies, more resilient to climate and environmental shocks and risks;
Amendment 45 #
(1) Welcomes the decision of the EIB to use the EU Taxonomy for the purposes of tracking, accounting and reporting climate action and environmental sustainability finance for all operations signed as of 1 January 2021; further calls on other public banks to follow this example;
Amendment 50 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Asks the EIB as the EU’s public bank to make the utmost concerted efforts to deliver strong, policy-driven financing activity which gives priority to public purpose projects, in particular those that would not otherwise be ‘bankable’, both within and outside the EU, with a view to addressing the unprecedented global challenges of the decades to come, in particular combating climate change and the debt crisis in the European Union;
Amendment 72 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Welcomes the EIB’s rapid mobilisation of up to EUR 40 billion of emergency financing to fight the crisis caused by the COVID-19 pandemic, through the setting up of loans, credit holidays and measures to alleviate the liquidity of small and medium-sized enterprises (SMEs) and mid-caps; highlights the importance of supporting SMEs, as the COVID-19 pandemic is particularly hard for these companies; underlines that robust support for SMEs is key for economic growth and to recover from the economic debt crisis;
Amendment 73 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Welcomes, in addition, the subsequent creation of the EUR 25 billion European Guarantee Fund (EGF) in response to the COVID-19 crisis, not least its positive impact in providing financial support to SMEs and the health sector; suggests that the EGF should remain operational beyond 2021 given the prolonged impact of the Covid-19 crisis and the repeated lockdowns in many Member States; deems it of the utmost importance to step up such initiatives to ensure that funds are reaching the real economy;
Amendment 89 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Welcomes the adoption by the EIB Board of Directors of the EIB Climate Bank Roadmap for 2021-2025, which provides a crucial framework to support the implementation of the European Green Deal and marks a decisive step towards making the EIB the EU Climate Bank, promoting sustainable investments and protecting the environment during the critical decade ahead; suggests that the EIB develop, with input from relevant stakeholders, local authorities and NGOs, a series of action plans to guide the implementation of the Climate Roadmap;
Amendment 96 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Welcomes the EIB’s climate leadership in becoming the EU’s Climate Bank with the adoption of an ambitious Climate Bank Roadmap in November 2020; further welcomes the proposal to increase EIB financing for climate action and environmental sustainability, including renewable energies, from around 30 % to at least 50 % by 2025, which would unlock investment of more than EUR 1 trillion over the next decade;
Amendment 104 #
Motion for a resolution
Paragraph 14 – point 1 (new)
Paragraph 14 – point 1 (new)
(1) Welcomes the new Climate Risk Assessment (CRA) system established to assess the physical climate risk in direct lending; and suggests that the EIB propose in its action plans harmonised screening methods, using where appropriate the Taxonomy regulation, for national, regional and local project developers to ensure that economic activities, ecosystems and infrastructure are resilient to current and projected future climatic conditions;
Amendment 105 #
Motion for a resolution
Paragraph 14 – point 2 (new)
Paragraph 14 – point 2 (new)
(2) Welcomes the new EIB Energy lending policy and its commitment to end investments in fossil fuels by the end of 2021; therefore calls on the EIB to assess the compatibility of investments made in 2021 towards high-carbon projects with the updated 2030 climate targets;
Amendment 120 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15 a. Stresses that all future EIB funded projects should be fully aligned with the EU objective of achieving net zero emissions by 2050 at the latest;
Amendment 132 #
Motion for a resolution
Paragraph 17
Paragraph 17
17. Considers that investment in innovation, infrastructure and skills are crucial elements to recover from the economic and social crisis, ensure sustainable growth and create high-quality jobs and long-term competitiveness; highlights the importance of the EIB’s role in the success of the InvestEU Programme in the post-pandemic recovery;
Amendment 139 #
Motion for a resolution
Paragraph 17 a (new)
Paragraph 17 a (new)
17 a. Regrets the Council’s rejection of the Commission’s proposal for a Solvency Support Instrument and stresses the importance of supporting companies that, in the absence of the Covid-19 pandemic, would otherwise be thriving;
Amendment 150 #
Motion for a resolution
Paragraph 19 – point 1 (new)
Paragraph 19 – point 1 (new)
(1) Calls on the EIB to set green transition contracts for high emitting sectors to ensure that they will align their business model with climate neutrality;
Amendment 156 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. Calls on the EIB to play a role in assisting and financing the creation of innovation ecosystems and knowledge economies, and in promoting place-based industrial transformation, where universities, businesses, SMEs and start- ups can develop long-lasting partnerships for the common good and that can make a meaningful contribution to achieving the objectives of the Green Deal and the digitalisation of the economy;
Amendment 163 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21 a. Acknowledging that the COVID- 19 crisis had a disproportionate impact on certain parts of society, urges the EIB to prioritise projects that seek to address inequalities, including gender inequalities and amongst marginalised communities;
Amendment 177 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Calls forHighlights that climate change is the most significant challenge to achieving sustainable development, as it threatens to worsen living conditions and poverty; therefore calls on the EIB to prioritise investment in infrastructure that helps third countries to realise the UN Sustainable Development Goals and thatstrengthen their resilience to climate change, while deliversing on social and environmental justice, public services and fair economic opportunities for citizens;
Amendment 179 #
Motion for a resolution
Paragraph 24 – point 1 (new)
Paragraph 24 – point 1 (new)
(1) Appreciates that the EIB will further reinforce its support to green investment outside the EU, based on an effective implementation of EU climate and energy diplomacy, which will help underlining the EU’s role as a global leader on climate and environmental sustainability;
Amendment 181 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24 a. Calls for the EIB to strengthen human rights due diligence for projects in third countries, for example by carrying out ex-ante human rights risk assessments and engaging with the local communities; moreover, the EIB should strive to continuously monitor the human rights situation on the ground;
Amendment 203 #
Motion for a resolution
Paragraph 27 a (new)
Paragraph 27 a (new)
27 a. Welcomes the EIB’s internal review and revision of its Anti-Fraud Policy and its intentions to elevate the policy to the group level, thereby applying to both the EIB and the EIF; urges the EIB to take an ambitious and broad approach to this review; stresses the importance of the EIB’s anti-fraud investigative office to have robust competences, sufficient resources and independence; calls on the EIB to enhance its cooperation with OLAF and the EPPO;
Amendment 209 #
Motion for a resolution
Paragraph 27 b (new)
Paragraph 27 b (new)
27 b. Stresses that the EIB should make full use of contractual clauses enabling it to suspend disbursements in cases of projects’ non-compliance with environmental, social, human rights, tax and transparency standards;
Amendment 228 #
Motion for a resolution
Paragraph 29
Paragraph 29
29. Welcomes the fact that the EIB will review its environmental and social standards and calls for a wide and inclusive public consultation on these issues; invitescalls on the EIB to take account of the do-no harm principleinclude the do-no significant harm principle as referred in the EU Taxonomy Regulation in its operations; calls on the EIBand to take this opportunity to strengthen its human rights policy;