45 Amendments of Eero HEINÄLUOMA related to 2020/2058(INI)
Amendment 20 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas all sectors of the EU economy will be impacted by the transition towards a sustainable economy,
Amendment 22 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the path to climate neutrality by 2050, with a first milestone of 50 to 55% by 2030 emission reductions compared to 1990, will boost the competitiveness of the Union economy and result in a surplus of sustainable, high quality jobs,
Amendment 26 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the EU climate law will set in stone the EU’s commitment to climate neutrality by 2050, including ambitious intermediary steps necessary to achieve this objective,
Amendment 27 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the Commission has estimated the investment needs at EU level in order to achieve the current 2030 climate objectives at 240 bn EUR/year1a plus additional amounts of 130 bn EUR/year for environmental objectives , 192 bn EUR/year for social infrastructure and 100bnEUR/year for Europe’s wider transport infrastructure, whereas it is essential to mobilize all available funds to close the investment gap, __________________ 1a https://ec.europa.eu/info/sites/info/files/ec onomy- finance/assessment_of_economic_and_in vestment_needs.pdf
Amendment 29 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the European Green Deal is a growth strategy and should lead to sustainable and inclusive economic growth, job creation and ensure the strategic autonomy of the EU,
Amendment 32 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the Covid-19 sanitary crisis underlines the importance of investments in a socially and environmentally sustainable economy, in particular investments promoting cutting edge R&D, competitive industry, deepening and strengthening of the single market, strong SMEs, healthcare, a strong welfare system and social wellbeing,
Amendment 33 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas the spending required to support European economies raise the question of how incurred debt will be repaid; whereas it is important to prevent the increase in inequalities suffered following the previous crisis, where the burden on citizens was increased to bail out banks,
Amendment 34 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
-A. whereas creating a sustainable economic system is central to developing long-term strategic autonomy of the European Union and to increase the EU’s resilience,
Amendment 35 #
Motion for a resolution
Recital -A (new)
Recital -A (new)
Amendment 41 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal, driving the long term competitiveness of the EU and the transition towards a more just, sustainable and resilient economy; underlines that the plan should take account of the experiences of previous programmes (the ‘Juncker Plan’) and place a special emphasis on truly additional investments of European added value; calls for coordinated actions to tackle the investment gap across the EU; believes that creating a net employment effect with new high quality jobs, reducing inequalities and contributing to the goals of the European Pillar of Social Rights should be overall goals of the climate transition and the SEIP;
Amendment 50 #
Motion for a resolution
Paragraph 1
Paragraph 1
1. Welcomes the Sustainable Europe Investment Plan (SEIP) as central in ensuring the success of the Green Deal and the transition towards a more sustainable and resilient economy; stresses that the plan should be at the heart of a coordinated and inclusive Union response to building a more resilient economy and society after the Covid-19 crisis;
Amendment 58 #
Motion for a resolution
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Urges all Member States to commit to achieving the EU 2050 climate neutrality target as soon as possible; believes that only Member States, which are committed to the EU 2050 climate neutrality target, may benefit from the SEIP;
Amendment 60 #
Motion for a resolution
Paragraph 1 b (new)
Paragraph 1 b (new)
1b. Believes that the EU budget should be protected against deficiencies in the respect of rule of law in the way described in the EP position on the regulation on the protection of the Union's budget in case of generalised deficiencies as regards the rule of law in the Member States as adopted in 2019 with an overwhelming majority; believes that only Member States, which adhere to fundamental EU values such as the rule of law principle, may benefit from the SEIP and other EU funding;
Amendment 65 #
Motion for a resolution
Paragraph 2
Paragraph 2
2. Welcomes the Commission’s European Recovery Plan with the European Green Deal at its heart; endorses the underlying principle that public investments will respect the oath to ‘do no harm’; highlights that this oath applies to both social and environmental objectives; emphasises that national recovery and resilience plans should put the EU on the path to a 50 % to 55 % reduction in greenhouse gas emissions by 2030 compared to 1990 and climate neutrality by 2050 while providing sufficient guarantees to ensure social equity in the sustainable transition;
Amendment 93 #
Motion for a resolution
Paragraph 3
Paragraph 3
3. Stresses that the success of the EU’s aim to achieve climate neutrality will depend on the adequacy of the financing, both public and private financing; believes that leveraging private financing is an important element in the path to climate neutrality;
Amendment 112 #
Motion for a resolution
Paragraph 4
Paragraph 4
4. Questions whether the SEIP, as currently constituted, will enable the mobilisation of EUR 1 trillion by 2030, given the negative economic outlook following the COVID-19 crisis; requests the Commission to ensure full transparency on financing issues, such as the optimistic leverage effect or the lack of clarity over the extrapolations of certain amounts; furthermore questions how the new MFF as proposed by the Commission in its revised proposals of 27 and 28 May 2020 would enable the achievement of the SEIP targets; regrets that the SEIP alone will not be sufficient to finance the objectives of the Green Deal and that additional investments will have a decisive role in the success of the Green Deal; calls on the Commission and EU Member States to come forward with plans that explain how they will bridge the considerable investment gap with both private and public investments;
Amendment 141 #
Motion for a resolution
Paragraph 5
Paragraph 5
5. Wishes to see it ensured that funding from the SEIP, at EU and national level, goes towards the policies and programmes with the highest potential to contribute to job creation and the fight against climate change, and looks forward to the Commission’s upcoming climate tracking methodology using appropriately the criteria established by the EU taxonomy;
Amendment 190 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Stresses the central role of the EU budget in delivering the SEIP; reiterates its long-standing position that new initiatives should always be financed through additional appropriations and should not negatively affect other policies; underlines, however, that sustainability is not a stand-alone policy, but cross-cutting in nature;
Amendment 204 #
Motion for a resolution
Paragraph 9
Paragraph 9
9. Underlines the fact that, in order to meet its obligations under the Paris Agreement, the EU’s contribution to the climate objectives should be underpinned by an ambitious share of climate-related expenditure in the EU budget, going beyond the levels of targeted spending shares of at least 25 % over the MFF 2021- 2027 period and of 30% as soon as possible and at the latest by 2027; calls for at least 30% climate-related spending in the Next Generation EU recovery plan, including the Recovery and Resilience Fund;
Amendment 229 #
Motion for a resolution
Paragraph 10
Paragraph 10
10. Welcomes the proposal to top up the Just Transition Fund (JTF), including with additional funds from Next Generation EU, and the two additional pillars of the Just Transition Mechanism, namely a dedicated scheme under InvestEU and a public sector loan facility, which will contribute to alleviating the economic effects of the transition to climate neutrality on the most vulnerable regions in the EU; underlines that support should not distort competition and should only be available for companies which are viable in the long-term;
Amendment 246 #
Motion for a resolution
Paragraph 10 a (new)
Paragraph 10 a (new)
10a. Calls for ensuring that third countries are eligible for cross- border projects that contribute to the objectives of the Paris Agreement;
Amendment 264 #
Motion for a resolution
Paragraph 11 a (new)
Paragraph 11 a (new)
11a. Calls on the Commission to substantially increase funding for technical assistance in relevant EU funds to 1% of the total amount to be spent, and calls on the Commission to focus technical assistance on projects and sectors with the highest environmental, social, resilience added value, in particular nature-based solutions that can deliver climate mitigation, climate adaptation and biodiversity benefits altogether;
Amendment 284 #
Motion for a resolution
Paragraph 13
Paragraph 13
13. Supports the Commission’s innovative approach in stating that the EU budget will contribute to achieving climate objectives also through its revenue side; recalls Parliament’s longstanding position in favour of generating added-value and policy co-benefits by introducing green new own resources;
Amendment 301 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Reaffirms its previous position regarding candidates for new own resources, and calls on the Commission to propose, after a thorough evaluation and assessment of impacts on Member States and relevant sectors, new own resources which correspond to essential EU objectives including the fight against climate change and the protection of the environment; asks, therefore, for the introduction of new own resources based on the auction revenues of the Emissions Trading System, a contribution on non- recycled plastic packaging waste, the future Carbon Border Adjustment Mechanism, a Common Consolidated Corporate Tax Base or a precursor based on operations of large enterprises, a tax on digital companies, and a financial transaction tax;
Amendment 312 #
Motion for a resolution
Paragraph 14 a (new)
Paragraph 14 a (new)
Amendment 322 #
Motion for a resolution
Paragraph 14 b (new)
Paragraph 14 b (new)
14b. Calls on all Member States to join the enhanced cooperation framework to implement a Financial Transaction Tax;
Amendment 327 #
Motion for a resolution
Paragraph 15
Paragraph 15
15. Welcomes the efforts of the European Investment Bank (EIB) to revise its energy lending policy and to devote 50 % of its operations to climate action and environmental sustainability; calls on the EIB to commit to the sustainable transition towards climate neutrality while taking into account the different energy mixes of Member States and devoting particular attention to the sectors and regions most affected by the transition; encourages the EIB to play an active role in supporting projects that contribute to a just transition, such as research, innovation and digitalisation, SMEs’ access to finance, and social investment and skills, while taking into account the additionality that EIB financing can provide in combination with other sources;
Amendment 347 #
Motion for a resolution
Paragraph 15 a (new)
Paragraph 15 a (new)
15a. Considers that for the EIB to play a successful role in financing the Green Deal, a bottom-up and participatory approach is crucial, and to better coordinate with various stakeholders, such as local and regional authorities and representatives from civil society;
Amendment 361 #
Motion for a resolution
Paragraph 16
Paragraph 16
16. Recognises the important role of the national promotional banks and institutions and of international financial institutions (IFIs), including the European Bank for Reconstruction and Development and the World Bank, in the financing of sustainable projects, thereby contributing to the achievement of the goals of the Paris Agreement;
Amendment 388 #
Motion for a resolution
Paragraph 17 b (new)
Paragraph 17 b (new)
Amendment 391 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Supports a renewed sustainable finance strategy; underlines the need for an EU eco-label for financial products, for an EU Green Bond Standard (EU GBS), and for more reliable, comparable and accessible sustainability data obtained by harmonising sustainability indicators and creating a public sustainability data registerwith sector- specific Key Performance Indicators, an EU public sustainability data register and mainstreaming sustainability within all financial legislation through legislative reviews, enabling investors to better act upon their sustainability preferences;
Amendment 417 #
Motion for a resolution
Paragraph 20
Paragraph 20
20. IEndorses the call by the High Level Expert Group on Sustainable Finance for new measures to foster long- termism to benefit people and planet; insists on the integration of governance objectives in the sustainability framework, including through additional voting rights for long-term shareholders, reform of remuneration structures and fiduciary duties for top-line management, and mandatory sustainability reporting and due diligence for financial institutions and large corporates together with liability and access to remedy in EU court; welcomes the preparation of a sustainable corporate governance initiative; which should include a legislative proposal on directors duties including mandatory sustainability strategies and measurable targets for large companies;
Amendment 422 #
Motion for a resolution
Paragraph 20 a (new)
Paragraph 20 a (new)
20a. Favours the extension of the sustainability framework to the corporate sector; calls for mandatory sustainability reporting and due diligence for both financial institutions and large corporates, for stricter corporate liability regarding sustainability risks and for better quality data reporting, including by introducing verification mechanism and independent auditing;
Amendment 423 #
Motion for a resolution
Paragraph 20 b (new)
Paragraph 20 b (new)
Amendment 504 #
Motion for a resolution
Paragraph 24
Paragraph 24
24. Notes that recovery and resilience plans will be based on shared EU priorities; highlights in this context the European Green Deal and, the European Pillar of Social Rights and the respect of the rule of law and our democratic values by the Member States issuing the plans; seeks the inclusion of priorities in areas such as employment, skills, education, research and innovation and health, but also in areas related to the business environment, including public administration and the financial sector;
Amendment 510 #
Motion for a resolution
Paragraph 24 a (new)
Paragraph 24 a (new)
24a. Calls for companies benefitting from public support to commit to public country-by-country reporting, to respect their non-financial reporting obligations and to guarantee jobs, and disclose any beneficial treatment received; urges that such companies should fairly contribute to the recovery efforts by paying their fair share of taxes; seeks in this context a new social contract for corporates, harmonizing aims for profit with considerations for people and planet;
Amendment 511 #
Motion for a resolution
Paragraph 24 b (new)
Paragraph 24 b (new)
Amendment 512 #
Motion for a resolution
Paragraph 24 c (new)
Paragraph 24 c (new)
24c. Calls on the Commission to revise State aid rules to set common minimum sustainability standards and to require large companies asking for support in high -carbon sectors to set and publish climate science-based targets and time- bound net-zero transition plans to align their operations with the Paris Agreement;
Amendment 517 #
Motion for a resolution
Paragraph 25
Paragraph 25
25. Supports the Solvency Support Instrument to level the playing field in the single market, and the introduction of ‘transition plans’ for certain companies to increase the sustainability of their activities; considers that society can ask for a quid pro quosomething in return when providing support to companies; sees transition plans including science-based and time- bound sustainability targets as a way of ensuring that public funding is spent in line with public interests; believes that transition plans should be obligatory for companies seeking state aid or EU-level support unless it is clear that they do not engage in environmentally or socially harmful activities; urges the Commission to only approve transition plans that set businesses on the path to the climate- neutral and circular economy without significantly harming any other environmental or social objectives;
Amendment 524 #
Motion for a resolution
Paragraph 25 a (new)
Paragraph 25 a (new)
25a. Underlines the role of National Promotional Banks in creating a sustainable economy; calls for state aid reforms to enable NPBs to provide preferential loans below market rates to promote sustainability; underlines the importance of ensuring local technical support for project promoters and innovation and the role of project nurseries helping projects to mature to receive financing;
Amendment 541 #
Motion for a resolution
Paragraph 26
Paragraph 26
26. Invites the Commission to revise the Energy Tax Directive and coordinate a kerosene tax that could also feed into the EU budget;
Amendment 545 #
Motion for a resolution
Paragraph 26 a (new)
Paragraph 26 a (new)
26a. Recalls that tax evasion and tax avoidance cause potential lost resources for national and EU budgets quantified as ranging from €50-70 billion to€160-190 billion;1a therefore seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning ; calls on the Commission to establish criteria on which it assesses EU Member State that would result in a black-list of EU Member States facilitating tax avoidance and to draft binding tax compliance plans for these Member States; __________________ 1aEuropean Parliament, EPRS, Bringing transparency, coordination and convergence to corporate tax policies in the European Union: I - Assessment of the magnitude of aggressive corporate tax planning, Study, 2015
Amendment 546 #
Motion for a resolution
Paragraph 26 b (new)
Paragraph 26 b (new)
26b. Calls on Member States that are accused of facilitating tax avoidance to implement a minimum effective tax rate of 18% on all profits generated at Member State level, including profits shifted to tax havens through passive income such as interests and royalties payments or other base erosion and profit shifting tools so as to fight tax avoidance and mobilise resources to finance the sustainable and just transition.
Amendment 547 #
Motion for a resolution
Paragraph 26 c (new)
Paragraph 26 c (new)
26c. Recalls that Value Added Tax (VAT) can be used to incentivise moving from harmful to sustainable activities; therefore urges Member States to adopt the definitive package on VAT which would enable them to make use of targeted VAT rates for goods and services supporting the realisation of the European Green Deal;
Amendment 549 #
Motion for a resolution
Paragraph 27
Paragraph 27
27. Wishes it to be ensuredBelieves that it is morally unsustainable, especially in times of economic recession and immense hardship for our citizens, that billions of euros continue to be lost to financial crime; demands that all contribute equitably to the post-corona recovery and the transition to a sustainable economy; seeks an intensified fight against tax fraud, tax evasion and tax avoidance and aggressive tax planning; calls on the Commission to create a blacklist of EU Member States facilitating tax avoidance; calls for EU-level coordination to avoid aggressive tax planning by individuals and corporates; seekdemands in this context an ambitious strategy for business taxation for the 21st century; demands in addition an ambitious reform of the anti-money laundering legislative framework, as according to Europol, a staggering 0,7- 1,28 of the Union GDP is lost due to financial crimes, such as money laundering;