5 Amendments of Pierre LARROUTUROU related to 2022/2172(INI)
Amendment 31 #
Motion for a resolution
Paragraph 5 a (new)
Paragraph 5 a (new)
5 a. Recalls that, when the EU's 2030 objective of lowering greenhouse gas emissions was only a reduction of 40%, the Commission had estimated the investment gap at EUR 662 billion per year and that it is obvious that the investment needs are much higher if we really want to achieve FitFor55; recalls also that at the end of the climate COP27, the EU pushed for the creation of a Loss and Damage Fund; is of the opinion that it would be dramatic if this new Fund does not receive sufficient funding commensurate with the stakes; recalls that the French President Emmanuel Macron and the Barbados Prime Minister Mia Mottley announced the organisation of a Global Summit in Paris in June 2023 to finance the Loss and Damage Fund; estimates that it is crucial that the EU knows how it will finance its fair share of the Loss and Damage Fund before the start of the Summit in order for the Summit discussions to be much more constructive and dedicated to how this fresh money will be most useful to facing losses and damages, rather than to discuss vague and insufficient funding promises that Global South countries no longer tolerate; is convinced that the best way to have a European answer to finance the Loss and Damage Fund, but also adaptation and mitigation policies, is to unlock the negotiations on new EU own resources as soon as possible;
Amendment 78 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Acknowledges with regret that any prospectsCalls on the participating Member States to reach an agreement for the introduction of a financial transaction tax under enhanced cooperation have faded away in the course of recent years; insists, nevertheless, that the financial sector be encompasbased on the existing Commission proposal; recalls its report of 13 November 2020 which asked for the introduction of new own resources, among which the one with the highest potential revenue was “a financial transaction tax (FTT), which, based byon the corporate or single market-based own resource initiative, ideally within the BEFIT contextiginal Commission proposal from 2012 and taking into account Brexit and economic growth, could raise up to EUR 57 billion per year”;
Amendment 83 #
Motion for a resolution
Paragraph 13 a (new)
Paragraph 13 a (new)
13 a. Recalls that this report “reiterate[d], in this regard, its call to all Member States to join the enhanced cooperation framework on the FTT”; recalls the Commission Declaration on establishing a Financial Transaction Tax based Own Resource from December 2020, which stated that “Discussions on the Financial Transaction Tax under enhanced cooperation are ongoing with a view of their finalisation by the end of 2022. Should there be an agreement on this Financial Transaction Tax, the Commission will make a proposal in order to transfer revenues from this Financial Transaction Tax to the EU budget as an own resource”; insists that, even if the 2022 deadline has not been met, which can be understood as the EU has been faced with unprecedented challenges such as COVID and the war in Ukraine, an agreement in enhanced cooperation to create the FTT must be reached in early 2023;
Amendment 88 #
Motion for a resolution
Paragraph 13 b (new)
Paragraph 13 b (new)
13 b. Urges that, faced with the urgency created by the IRA in the USA, the FTT shall be adopted in enhanced cooperation without delay, with a view that its revenues can gradually evolve towards EUR 57 billion per year and ultimately solve 3 problems: (1) repay NextGenerationEU (which is expected to weight EUR 15 billion per year for 30 years) (2) repay a European Sovereignty Fund (perhaps another EUR 15 billion per year for 30 years) (3) and provide new funding to the EU budgetary priorities including the twin transition and especially the European Green Deal;
Amendment 92 #
Motion for a resolution
Paragraph 13 c (new)
Paragraph 13 c (new)
13 c. Underlines that an agreement in enhanced cooperation would be the best way towards an EU-wide FTT and reiterates its call on all Member States to join this enhanced cooperation; believes that a new FTT proposal from the European Commission should be at least as ambitious as the European Commission 2012 Proposal and as the agreement that will have been found in enhanced cooperation, with its main purpose to transform an enhanced cooperation FTT into an EU-wide FTT;