10 Amendments of Andrzej GRZYB related to 2018/0178(COD)
Amendment 155 #
Proposal for a regulation
Recital 10
Recital 10
(10) Moreover if market participants do not provide any explanation to investors of how the activities they invest in contribute to environmental objectives, or if they use different concepts in their explanation of what is a ‘sustainable’ economic activity, investors will find it disproportionately burdensome to check and compare these different financial products. It has been found that this discourages investors from investing into greensustainable financial products. Furthermore, the lack of investor confidence has major detrimental effects on the market for sustainable investment. It has further been shown that national rules or market-based initiatives taken to tackle this issue within national borders will lead to fragmenting the internal market. If financial market participants disclose how the financial products they claim are environment-friendly meet environmental objectives, and they use for such disclosures common criteria across the Union of what is an environmentally sustainable economic activity, this will help investors compare environment- friendly investment opportunities across borders. Investors will invest in greensustainable financial products with higher confidence across the Union, improving the functioning of the internal market.
Amendment 162 #
Proposal for a regulation
Recital 12
Recital 12
(12) Establishing criteria for environmentally sustainable economic activities may encourage firms to disclose on their websites, on a voluntary basis, information on the environmentally sustainable economic activities they carry out. This information will not only help relevant actors in the financial markets to easily identify which firms carry out environmentally sustainable economic activities, but it will also facilitate for these firms to raise funding for their greensustainable activities.
Amendment 176 #
Proposal for a regulation
Recital 15
Recital 15
(15) To avoid market fragmentation as well as harm to consumer interests due to divergent notions of environmentally sustainable economic activities, national requirements that market actors should comply with when they wish to market financial products or corporate bonds as being environmentally sustainable, should build on the uniform criteria for environmentally sustainable economic activities. Those market actors include financial market participants offering “green”sustainable financial products and non- financial companies issuing “green”sustainable corporate bonds.
Amendment 247 #
Proposal for a regulation
Recital 35
Recital 35
(35) The application of this Regulation should be reviewed regularly in order to assess the progress on the development of technical screening criteria for environmentally sustainable activities, the use of the definition of environmentally sustainable investment, and whether compliance with the obligations requires the establishment of a verification mechanism. The review should include also an assessment of whether the scope of this Regulation should be extended to cover social and economic sustainability objectives.
Amendment 408 #
Proposal for a regulation
Article 6 – paragraph 1 – introductory part
Article 6 – paragraph 1 – introductory part
1. An economic activity shall be considered to contribute substantially to climate change mitigation where that activity substantially contributes to the stabilization of greenhouse gas concentrations in the atmosphere at a level which prevents dangerous anthropogenic interference with the climate system by avoiding or reducing greenhouse gas emissions or enhancing greenhouse gas removals through any of the following means, including through process or product innovation:
Amendment 422 #
Proposal for a regulation
Article 6 – paragraph 1 – point c
Article 6 – paragraph 1 – point c
(c) increasing clean, low-emission or climate-neutral mobility;
Amendment 427 #
Proposal for a regulation
Article 6 – paragraph 1 – point e
Article 6 – paragraph 1 – point e
(e) increasing carbon capture and storage useutilisation or storage of carbon dioxide emissions;
Amendment 430 #
Proposal for a regulation
Article 6 – paragraph 1 – point f
Article 6 – paragraph 1 – point f
(f) phasing out anthropogenic emissions of greenhouse gases, including from fossil fuels;
Amendment 434 #
Proposal for a regulation
Article 6 – paragraph 1 – point h
Article 6 – paragraph 1 – point h
(h) producing low-carbon, clean and efficient fuels from renewable or carbon- neutral sources.;
Amendment 435 #
Proposal for a regulation
Article 6 – paragraph 1 – point h a (new)
Article 6 – paragraph 1 – point h a (new)
(h a) producing low-carbon hydrogen.