9 Amendments of Manuel PIZARRO related to 2020/0106(COD)
Amendment 2 #
Proposal for a regulation
Recital 1 a (new)
Recital 1 a (new)
(1a) The disruptive economic and social effect of the COVID-19 crisis weakens public and private investment capacity thus limiting the financial resources essential for the transition to a climate neutral and resource efficient Union. In this regard, in the framework of Next Generation EU, the Solvency Support Instrument should contribute to reducing this gap and enable Member States to undertake the necessary investments to foster the achievement of the Union's long-term sustainability priorities.
Amendment 5 #
Proposal for a regulation
Recital 3
Recital 3
(3) In order to counter the severe economic and social consequences of the Covid-19 pandemic in the Union, companies that have encountered difficulties because of the economic crisis caused by the pandemic and that cannot obtain sufficient support through market financing, or measures undertaken by Member States, should be provided with a facility for solvency support as a matter of urgency under a Solvency Support Instrument which should be added as a third window under the EFSI.
Amendment 9 #
Proposal for a regulation
Recital 10
Recital 10
(10) The financing and investment operations should be aligned with current policy priorities of the Union such as the European Green Deal and the Strategy on shaping Europe’s digital future. Support toits commitment to achieve climate neutrality by 2050 at the latest, the Strategy on shaping Europe’s digital future and the European Pillar of Social Rights. These operations should support the creation or preservation of quality and sustainable jobs and cross- border activities should also be targetedwithin the Union as well as contribute to the green and digital transition of the European economy.
Amendment 21 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 a (new)
Article 1 – paragraph 1 – point 5 a (new)
Regulation (EU) 2015/1017
Article 6 – paragraph 1 – point b
Article 6 – paragraph 1 – point b
(b) are consistent with Union policies, including the objective of smart, sustainable and inclusiv5a) In paragraph 1 of Article 6, point (b) is amended as follows: (b) are consistent with Union policies, in line with the Paris Agreement and its commitment to achieve climate neutrality by 2050 at the latest, smart, inclusive and sustainable growth, quality job creation, and economic, social and territorial cohesion;
Amendment 28 #
The operations concerned shall be consistent with Union policies, including the European Green Deal9and its commitment to achieve climate neutrality by 2050 at the latest, and the Strategy on shaping Europe’s digital future10 , as well as supporting an inclusive and symmetric recovery in the aftermath of the COVID-19 pandemic, and support any of the following general objectives:’ _________________ 9 COM(2019)640 final. 10 COM(2020)67 final.
Amendment 34 #
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Regulation (EU) 2015/1017
Article 9 – paragraph 2 a – subparagraph 1 – point a
Article 9 – paragraph 2 a – subparagraph 1 – point a
(a) target that at least 40 % of EFSI financing under the infrastructure and innovationsolvency support window support project components that contribute to climate and environmental action, in line with the commitments made at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21) and with the commitment of the European Green Deal to achieve climate neutrality by 2050 at the latest. EFSI financing for SMEs and small mid- cap companies shall not be included in that computation. The EIB shall use its internationally agreed methodology and integrate it with the criteria provided for in Regulation (EU) 2020/852 as soon as such criteria are established by the relevant delegated acts to identify those climate action and environmental project components or cost shares;
Amendment 46 #
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Regulation (EU) 2015/1017
Article 9 – paragraph 2 a – subparagraph 1 – point c
Article 9 – paragraph 2 a – subparagraph 1 – point c
(c) ensure that the majority of EFSI financing under the solvency support window is utilised to support eligible companies in Member States where the availability of State solvency support is more limitedendorsing a national climate neutrality objective by 2050.
Amendment 48 #
Proposal for a regulation
Article 1 – paragraph 1 – point 12
Article 1 – paragraph 1 – point 12
Regulation (EU) 2015/1017
Article 9 – paragraph 2 a – subparagraph 1 – point c b (new)
Article 9 – paragraph 2 a – subparagraph 1 – point c b (new)
(cb) ensure that EFSI financing under the solvency support window is used to support eligible companies respecting the "do no significant harm" principle referred to in Regulation (EU) 2020/852.
Amendment 69 #
Proposal for a regulation
Article 1 – paragraph 1 – point 31 – point 3
Article 1 – paragraph 1 – point 31 – point 3
Regulation (EU) 2015/1017
Annex II – section 6 – point d – indent 5
Annex II – section 6 – point d – indent 5
— Companies targeted by funds, special purpose vehicles or investment platforms shall be encouraged to comply, to the extent possible, with minimum high- level social and environmental safeguards in line with guidance provided by the Steering Board and consistent with the European Green Deal and its commitment to achieve climate neutrality by 2050 at the latest. Such guidance should include adequate provisions for avoiding undue administrative burdens, taking into account the size of companies and including lighter provisions for SMEs. Companies with a certain level of exposure to a pre-defined list of environmentally harmful activities, in particular the sectors covered by the EU Emissions Trading System (EU ETS), shall be encouraged to put in place, in the future, green transition plans measurable against the technical screening criteria provided for in Regulation (EU) 2020/852. Companies shall also be encouraged to advance in their digital transformation. Technical assistance shall be available to assist companies for the purpose of these transitions.