6 Amendments of Silvia MODIG related to 2020/0106(COD)
Amendment 29 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10
Article 1 – paragraph 1 – point 10
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – subparagraph 3 – introductory part
Article 9 – paragraph 2 – subparagraph 3 – introductory part
The operations concerned shall be consistent with Union policies, including the European Green Deal9 and the Strategy on shaping Europe’s digital future10 , and committed to the climate goals set out in the Paris Agreement, 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 37 #
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 450 % of EFSI financing under the infrastructure and innovation window and under the solvency support window support project components that contribute to climate action,goals for climate and environment, tracking the spendings with the EU taxonomy established by Regulation (EU) 2020/852. Those project components shall be 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 European Green Deal. EFSI financing for SMEs and small mid- cap companies shall not be included in that computation. The EIB shall use its internationally agreed methodology to identify those climate action project components or cost shares;
Amendment 57 #
Proposal for a regulation
Article 1 – paragraph 1 – point 31 – point 2 – point a
Article 1 – paragraph 1 – point 31 – point 2 – point a
Regulation (EU) 2015/1017
Annex II – section 2 – point b – subparagraph 1
Annex II – section 2 – point b – subparagraph 1
(b) The EU guarantee shall be granted to support, directly or indirectly, the financing of new operations. In the infrastructure field, greenfield investments (asset creation) should be encouragprioritised. Brownfield investments (extension and modernisation of existing assets) may also be supported as long as it implies greening of existing assets. Under the Solvency Support Window, financing shall aim at improving the equity base of companies and their solvency. The terms of the financing should avoid distorting competition between companies. As a rule, the EU guarantee shall not be granted for supporting refinancing operations (such as replacing existing loan agreements or other forms of financial support for projects which have already partially or fully materialised), except under the Solvency Support Window or in exceptional and well-justified circumstances where it is demonstrated that such a transaction will enable a new investment of an amount at least equivalent to the amount of the transaction and that would fulfil the eligibility criteria and general objectives laid down in Article 6 and Article 9(2) respectively.
Amendment 59 #
Proposal for a regulation
Article 1 – paragraph 1 – point 31 – point 2 – point a a (new)
Article 1 – paragraph 1 – point 31 – point 2 – point a a (new)
Regulation (EU) 2015/1017
Annex II – Section 2 – point b a (new)
Annex II – Section 2 – point b a (new)
(aa) The following point is inserted: (ba) All investments shall be subject to the EU taxonomy for sustainable investments and the EU Paris-aligned and EU Climate Transition Benchmarks. They shall all abide by the ‘do no significant harm’ principle and shall not undermine the efforts made for the just transition to an economy with net-zero greenhouse gas emissions.
Amendment 70 #
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. 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. Companies shall be required to respect collective bargaining principles when engaging in countries where such principles are in force. They shall, as recipients of the funds, not pay out bonuses to staff or dividends to shareholders. 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.
Amendment 75 #
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 encouragrequired to comply, to the extent possible, with minimum high- level social and environmental safeguards in line with guidance provided by the Steering Board. 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)defined in accordance with the EU taxonomy established by Regulation (EU) 2020/852, shall be encouragrequired to put in place, in the future, green transition plans. These plans shall be time-bound and science-based, aligned with the 1,5°C Paris Agreement goal. 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.