BETA

39 Amendments of Younous OMARJEE related to 2023/0199(COD)

Younous OMARJEE

Proposal for a regulation
Recital 18

(18) The regulatory framework for the implementation of the 2014-2020 programmes has been adapted over the past years to provide Member States and regions with additional with additional flexibility in terms of implementation rules and more liquidity to tackle the effects of the COVID-19 pandemic and the war or aggression against Ukraine. These measures, introduced at the end of the programming period, require sufficient time and administrative resources to be fully exploited and implemented; also at a time where Member States will focus resources on revising the 2021-2027 operational programmes linked to the STEP objectives. With a view to alleviate the administrative burden on programme authorities and to prevent possible loss of funds at closure for purely administrative reasons, the deadlines for the administrative closure of the programmes under the 2014-2020 period should be extended in Regulation (EU) No 1303/201361 and Regulation (EU) No 223/201462 . More specifically, the deadline for the submission of that final payment application should be extended by 12 months. Furthermore, the deadline for the submission of the closure documents should also be extended by 12 months. In the context of this amendment, it is appropriate to clarify that distribution of food and material bought until the end of the eligibility period (end-2023) may continue after that date. In order to ensure a sound implementation of the EU budget and respect for the payment ceilings, payments to be made in 2025 should be capped ~~at 1 % of the financial appropriations from resources under the Multiannual Financial Framework per programme~~. Amounts due exceeding the ceiling ~~of 1% of~~s for programme appropriations per fund for 2025 would not be paid in 2025 nor in subsequent years but only used for the clearance of pre-financing. Unused amounts shall be decommitted in accordance with the general rules for decommitment at closure. Provision should also be made for a specific derogation for the outermost regions. _________________ 61 Regulation (EU) 1303/2013 laying down common provisions (OJ L 347, 20.12.2013, p. 320). 62 Regulation (EU) 223/2014 on the Fund for European Aid on the Most Deprived (OJ L 72, 12.3.2014, p. 1).

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Recital 18

(18) The regulatory framework for the implementation of the 2014-2020 programmes has been adapted over the past years to provide Member States and regions with additional with additional flexibility in terms of implementation rules and more liquidity to tackle the effects of the COVID-19 pandemic and the war or aggression against Ukraine. These measures, introduced at the end of the programming period, require sufficient time and administrative resources to be fully exploited and implemented; also at a time where Member States will focus resources on revising the 2021-2027 operational programmes linked to the STEP objectives. With a view to alleviate the administrative burden on programme authorities and to prevent possible loss of funds at closure for purely administrative reasons, the deadlines for the administrative closure of the programmes under the 2014-2020 period should be extended in Regulation (EU) No 1303/201361 and Regulation (EU) No 223/201462 . More specifically, the deadline for the submission of that final payment application should be extended by 12 months. Furthermore, the deadline for the submission of the closure documents should also be extended by 12 months. In the context of this amendment, it is appropriate to clarify that distribution of food and material bought until the end of the eligibility period (end-2023) may continue after that date. In order to ensure a sound implementation of the EU budget and respect for the payment ceilings, payments to be made in 2025 should be capped ~~at 1 % of the financial appropriations from resources under the Multiannual Financial Framework per programme~~. Amounts due exceeding the ceiling ~~of 1% of~~s for programme appropriations per fund for 2025 would not be paid in 2025 nor in subsequent years but only used for the clearance of pre-financing. Unused amounts shall be decommitted in accordance with the general rules for decommitment at closure. Provision should also be made for a specific derogation for the outermost regions. _________________ 61 Regulation (EU) 1303/2013 laying down common provisions (OJ L 347, 20.12.2013, p. 320). 62 Regulation (EU) 223/2014 on the Fund for European Aid on the Most Deprived (OJ L 72, 12.3.2014, p. 1).

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 4 – paragraph 1

1. The Commission shall award a Sovereignty Seal to any action contributing to any of the Platform objectives, provided the action has been assessed and complies with the minimum quality requirements, in particular eligibility, exclusion and award criteria, as well as the conditionalities laid down by Regulation (EU) 2021/1060, provided by a call for proposals under Regulation (EU) 2021/695, Regulation (EU) 2021/694, Regulation (EU) 2021/697, Regulation (EU) 2021/522, or Commission Delegated Regulation (EU) 2019/856.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 4 – paragraph 1

1. The Commission shall award a Sovereignty Seal to any action contributing to any of the Platform objectives, provided the action has been assessed and complies with the minimum quality requirements, in particular eligibility, exclusion and award criteria, as well as the conditionalities laid down by Regulation (EU) 2021/1060, provided by a call for proposals under Regulation (EU) 2021/695, Regulation (EU) 2021/694, Regulation (EU) 2021/697, Regulation (EU) 2021/522, or Commission Delegated Regulation (EU) 2019/856.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 7 – paragraph 2

2. The annual report shall include consolidated information on the progress made in implementing the Platform objectives under each of the programmes and funds and on the way in which the objectives laid down in Article 174 TFEU have been complied with and realised.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 7 – paragraph 2

2. The annual report shall include consolidated information on the progress made in implementing the Platform objectives under each of the programmes and funds and on the way in which the objectives laid down in Article 174 TFEU have been complied with and realised.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 8 – paragraph 2

2. The evaluation report shall, in particular, assess to which extent the objectives have been achieved, the efficiency of the use of the resources and the European added value, as well as the contribution to the objectives laid down in Article 174 TFEU. It shall also consider the continued relevance of all objectives and actions, in view of their potential upscaling.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 8 – paragraph 2

2. The evaluation report shall, in particular, assess to which extent the objectives have been achieved, the efficiency of the use of the resources and the European added value, as well as the contribution to the objectives laid down in Article 174 TFEU. It shall also consider the continued relevance of all objectives and actions, in view of their potential upscaling.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 1

The Commission shall pay 30 % of the ERDF allocation to that priority as set out in the decision approving the programme amendment as exceptional one-off pre- financing in addition to the yearly pre- financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060 or in Article 51(2), (3) and (4) of Regulation (EU) 2021/1059. The exceptional pre-financing shall be paid by 31 December 2024, provided the Commission has adopted the decision approving the programme amendment by 31 October 2024.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 1

The Commission shall pay 30 % of the ERDF allocation to that priority as set out in the decision approving the programme amendment as exceptional one-off pre- financing in addition to the yearly pre- financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060 or in Article 51(2), (3) and (4) of Regulation (EU) 2021/1059. The exceptional pre-financing shall be paid by 31 December 2024, provided the Commission has adopted the decision approving the programme amendment by 31 October 2024.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 3

In accordance with Article 90 (5) of Regulation (EU) 2021/1060 and Article 51(5) of Regulation (EU) 2021/1059, the amount paid as exceptional pre-financing shall be cleared no later than with the final accounting year.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 3

In accordance with Article 90 (5) of Regulation (EU) 2021/1060 and Article 51(5) of Regulation (EU) 2021/1059, the amount paid as exceptional pre-financing shall be cleared no later than with the final accounting year.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 4

In accordance with Article 90(6) of Regulation (EU) 2021/1060, any interest generated by the exceptional pre- financing shall be used for the programme concerned in the same way as the ESF+ and shall be included in the accounts for the final accounting year.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 4

In accordance with Article 90(6) of Regulation (EU) 2021/1060, any interest generated by the exceptional pre- financing shall be used for the programme concerned in the same way as the ESF+ and shall be included in the accounts for the final accounting year.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 5

~~In accordance with Article 97(1) of Regulation (EU) 2021/1060, the exceptional pre-financing shall not be suspend~~deleted.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 5

~~In accordance with Article 97(1) of Regulation (EU) 2021/1060, the exceptional pre-financing shall not be suspend~~deleted.

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 6

In accordance with Article 105(1) of Regulation (EU) 2021/1060, the pre- financing to be taken into account for the purposes of calculating amounts to be de- committed shall include the exceptional pre-financing paid.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 3

Regulation (EU) 2021/1058
Article 3 – paragraph 1 a (new) – subparagraph 6

In accordance with Article 105(1) of Regulation (EU) 2021/1060, the pre- financing to be taken into account for the purposes of calculating amounts to be de- committed shall include the exceptional pre-financing paid.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 4

Regulation (EU) 2021/1058
Article 5 – paragraph 2 – point e (new)

(4) In Article 5(2), the following point (e) is inserted: ‘(e) when they contribute to the specific objective under PO 1 set out in Article 3(1), first subparagraph, point (a)(vi) or to the specific objective under PO 2 set out in point (b)(ix) of that subparagraph, in less developed and transition regions, as well as more developed regions in Member States whose average GDP per capita is below the EU average of the EU- 27 measured in purchasing power standards (PPS) and calculated on the basis of Union figures for the period 2015-2017. Point (e) shall apply to Interreg programmes where the geographical coverage of the programme within the Union consists exclusively of categories of regions set out in that point.’deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 4

Regulation (EU) 2021/1058
Article 5 – paragraph 2 – point e (new)

(4) In Article 5(2), the following point (e) is inserted: ‘(e) when they contribute to the specific objective under PO 1 set out in Article 3(1), first subparagraph, point (a)(vi) or to the specific objective under PO 2 set out in point (b)(ix) of that subparagraph, in less developed and transition regions, as well as more developed regions in Member States whose average GDP per capita is below the EU average of the EU- 27 measured in purchasing power standards (PPS) and calculated on the basis of Union figures for the period 2015-2017. Point (e) shall apply to Interreg programmes where the geographical coverage of the programme within the Union consists exclusively of categories of regions set out in that point.’deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Recital 7

(7) The STEP should identify resources which should be implemented within the existing Union programmes and funds, the InvestEU, Horizon Europe, European Defence Fund and Innovation Fund. This should be accompanied by providing additional funding of EUR 120 billion. Of this, EUR 512 billion should be used to increase the endowment of the Innovation Fund46 and EUR 3 billion to increase the total amount of the EU guarantee available for the EU compartment under the InvestEU Regulation to EUR 7,5 billion,47 taking into account the relevant provisioning rate. EUR 03.5 billion should be made available to increase the financial envelope under the Horizon Europe Regulation,48 which should be amended accordingly; and EUR 1.5 billion to the European Defence Fund.49 _________________ 46 Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading (OJ L 275, 25.10.2003, p. 32). 47 Regulation (EU) 2021/523 establishing the InvestEU Programme (OJ L 107, 26.3.2021, p. 30). 48 Regulation (EU) 2021/695 establishing Horizon Europe (OJ L 170, 12.5.2021, p. 1). 49 Regulation (EU) 2021/697 establishing the European Defense Fund (OJ L 170, 12.5.2021, p. 149.)

2023/09/08
Committee: BUDG ITRE

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 5

Regulation (EU) 2021/1058
Article 5 – paragraph 3 a (new)

(5) In Article 5, the following new paragraph 3a is inserted: ‘3a. In order to contribute to the specific objectives under PO 1 set out in Article 3(1), first subparagraph, point (a)(vi) and under PO 2 set out in point (b)(ix) of that subparagraph, the ERDF shall also support training, life-long learning, reskilling and education activities’.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 10 – paragraph 1 – point 5

Regulation (EU) 2021/1058
Article 5 – paragraph 3 a (new)

(5) In Article 5, the following new paragraph 3a is inserted: ‘3a. In order to contribute to the specific objectives under PO 1 set out in Article 3(1), first subparagraph, point (a)(vi) and under PO 2 set out in point (b)(ix) of that subparagraph, the ERDF shall also support training, life-long learning, reskilling and education activities’.deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 11 – paragraph 1 – point 3

Regulation (EU) 2021/1056
Article 10 – paragraph 4 (new)

(3) In Article 10, the following paragraph 4 is added: ‘The Commission shall pay 30% of the JTF allocation, including amounts transferred in line with Article 27 of Regulation EU 2021/1060, to a programme as set out in the decision approving the programme as exceptional one-off pre-financing in addition to the yearly pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060. The exceptional pre-financing shall be paid as from [entry into force of this Regulation]. In accordance with Article 90(5) of Regulation (EU) 2021/1060, the amount paid as exceptional pre-financing shall be cleared no later than with the final accounting year. In accordance with Article 90(6) of Regulation (EU) 2021/1060, any interest generated by the exceptional pre- financing shall be used for the programme concerned in the same way as the ESF+ and shall be included in the accounts for the final accounting year. In accordance with Article 97(1) of Regulation (EU) 2021/1060, the exceptional pre-financing shall not be suspended. In accordance with Article 105(1) of Regulation (EU) 2021/1060, the pre- financing to be taken into account for the purposes of calculating amounts to be de- committed shall include the exceptional pre-financing paid. By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rates for dedicated priorities established to support the STEP objectives shall be increased to 100 %.’deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 11 – paragraph 1 – point 3

Regulation (EU) 2021/1056
Article 10 – paragraph 4 (new)

(3) In Article 10, the following paragraph 4 is added: ‘The Commission shall pay 30% of the JTF allocation, including amounts transferred in line with Article 27 of Regulation EU 2021/1060, to a programme as set out in the decision approving the programme as exceptional one-off pre-financing in addition to the yearly pre-financing for the programme provided for in Article 90(1) and (2) of Regulation (EU) 2021/1060. The exceptional pre-financing shall be paid as from [entry into force of this Regulation]. In accordance with Article 90(5) of Regulation (EU) 2021/1060, the amount paid as exceptional pre-financing shall be cleared no later than with the final accounting year. In accordance with Article 90(6) of Regulation (EU) 2021/1060, any interest generated by the exceptional pre- financing shall be used for the programme concerned in the same way as the ESF+ and shall be included in the accounts for the final accounting year. In accordance with Article 97(1) of Regulation (EU) 2021/1060, the exceptional pre-financing shall not be suspended. In accordance with Article 105(1) of Regulation (EU) 2021/1060, the pre- financing to be taken into account for the purposes of calculating amounts to be de- committed shall include the exceptional pre-financing paid. By way of derogation from Article 112 of Regulation (EU) 2021/1060, the maximum co-financing rates for dedicated priorities established to support the STEP objectives shall be increased to 100 %.’deleted

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 13 – paragraph 1 – point 1

Regulation (EU) 2021/1060
Article 2 – point 45

(45) ‘Seal of Excellence’ means the quality label attributed by the Commission in respect of a proposal, which shows that the proposal ~~which~~ has been assessed in a call for proposals under a Union ~~instrument is deemed to comply with the minimum quality requirements of that Union~~ instrument, but could not be funded due to lack of budget available for that call for proposals, and might receive support from other Union or national sources of funding if it meets the relevant criteria and conditions; or the ‘Sovereignty Seal’ referred to in Article 4 of Regulation .../...67 [STEP Regulation].’ _________________ 67 Regulation …/… of the European Parliament and of the Council … [insert full title and OJ reference].

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 13 – paragraph 1 – point 1

Regulation (EU) 2021/1060
Article 2 – point 45

(45) ‘Seal of Excellence’ means the quality label attributed by the Commission in respect of a proposal, which shows that the proposal ~~which~~ has been assessed in a call for proposals under a Union ~~instrument is deemed to comply with the minimum quality requirements of that Union~~ instrument, but could not be funded due to lack of budget available for that call for proposals, and might receive support from other Union or national sources of funding if it meets the relevant criteria and conditions; or the ‘Sovereignty Seal’ referred to in Article 4 of Regulation .../...67 [STEP Regulation].’ _________________ 67 Regulation …/… of the European Parliament and of the Council … [insert full title and OJ reference].

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 14 – paragraph 1 – point 1

Regulation (EU) No 1303/2013
Article 135 – paragraph 6 (new) – subparagraph 2

Amounts from resources other than REACT-EU reimbursed by the Commission as interim payments in 2025 shall not exceed 15 % of the total financial appropriations to the programme concerned by Fund, REACT-EU resources excluded. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre- financing at closure.’

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 14 – paragraph 1 – point 1

Regulation (EU) No 1303/2013
Article 135 – paragraph 6 (new) – subparagraph 2

Amounts from resources other than REACT-EU reimbursed by the Commission as interim payments in 2025 shall not exceed 15 % of the total financial appropriations to the programme concerned by Fund, REACT-EU resources excluded. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre- financing at closure.’

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 14 – paragraph 1 – point 1

Regulation (EU) No 1303/2013
Article 135 – paragraph 6 a (new)

6a. For the outermost regions as defined in Article 349 TFEU, by way of derogation from paragraph 2 the deadline for the submission of the final application for an interim payment for the final accounting year shall be 31 December 2025. The last application for interim payment submitted by 31 December 2025 shall be deemed to be the final application for an interim payment for the final accounting year. Amounts from resources other than REACT-EU reimbursed by the Commission as interim payments in 2025 shall not exceed 20 % of the total financial appropriations to the programme concerned by Fund, REACT- EU resources excluded. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre- financing at closure.’

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 14 – paragraph 1 – point 1

Regulation (EU) No 1303/2013
Article 135 – paragraph 6 a (new)

6a. For the outermost regions as defined in Article 349 TFEU, by way of derogation from paragraph 2 the deadline for the submission of the final application for an interim payment for the final accounting year shall be 31 December 2025. The last application for interim payment submitted by 31 December 2025 shall be deemed to be the final application for an interim payment for the final accounting year. Amounts from resources other than REACT-EU reimbursed by the Commission as interim payments in 2025 shall not exceed 20 % of the total financial appropriations to the programme concerned by Fund, REACT- EU resources excluded. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre- financing at closure.’

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 15 – paragraph 1 – point 3

Regulation (EU) No 223/2014
Article 45 – paragraph 6 (new) – subparagraph 2

Amounts reimbursed by the Commission as interim payments in 2025 shall not exceed 15 % of the total financial appropriations to the programme concerned. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre-financing at closure.’

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 15 – paragraph 1 – point 3

Regulation (EU) No 223/2014
Article 45 – paragraph 6 (new) – subparagraph 2

Amounts reimbursed by the Commission as interim payments in 2025 shall not exceed 15 % of the total financial appropriations to the programme concerned. Amounts that would be due to be paid by the Commission in 2025 exceeding this percentage shall not be paid and shall be used exclusively for the clearing of pre-financing at closure.’

2023/09/06
Committee: REGI

Younous OMARJEE

Proposal for a regulation
Article 2 – paragraph 1 – introductory part

1. TIn order to strengthen European sovereignty and security, to accelerate the Union’s socially balanced green and digital transitions and enhance ~~its~~ competitiveness, and cohesive development of all its regions, to reduce its strategic dependencies, favour a level playing field in the Single Market for investments throughout the Union, and to promote inclusive access to attractive, quality jobs, the Platform shall ~~pursue~~support the following ~~objectiv~~sets of measures:

2023/09/08
Committee: BUDG ITRE

Younous OMARJEE

Proposal for a regulation
Article 2 – paragraph 1 – point a – introductory part

(a) ~~support~~pursuing the development or manufacturing throughout the Union, or safeguarding and strengthening the respective value chains, of critical civil technologies in the following fields, while respecting the "do no significant harm” principle within the meaning of Article 9 of Regulation (EU) 2021/1060:

2023/09/08
Committee: BUDG ITRE

Younous OMARJEE

Proposal for a regulation
Article 2 – paragraph 2 – point a

(a) bring an innovative, cutting-edge element with significant economic, social and ecologic potential to the Single Market;

2023/09/08
Committee: BUDG ITRE

Younous OMARJEE

Proposal for a regulation
Article 3 – paragraph 1 – point b

(b) an amount of EUR 3 500 000 000 in current prices of the financial envelope referred to in point (i) of Article 12(2)(c) of Regulation (EU) 2021/695. That amount shall be implemented in accordance with Regulation (EU) 2021/695;

2023/09/08
Committee: BUDG ITRE

Younous OMARJEE

Proposal for a regulation
Article 3 – paragraph 1 – point c

(c) an amount of EUR 512 000 000 000 in current prices of the financial envelope referred to in the sixth subparagraph of Article 10a(8) of Directive 2003/87/EC. That amount shall be implemented within the Innovation Fund in accordance with the rules of Article 10a(8) of Directive 2003/87/EC and Commission Delegated Regulation [2019/856].

2023/09/08
Committee: BUDG ITRE

Younous OMARJEE

Proposal for a regulation
Article 9 – paragraph 1 – point 1

directive 2003/87/EC
Article 10 – subsection a – point 8 – sixth subparagraph

In addition to the allowances referred to in the first to fifth subparagraphs of this paragraph, the Innovation Fund shall also implement a financial envelope for the period from 1 January 2024 to 31 December 2027 of EUR 512 000 000 000 in current prices for supporting investments contributing to the STEP objective referred to in Article 2, point (a)(ii) of Regulation .../...63 [STEP Regulation]. This financial envelope shall be made available to support investments only in Member States whose average GDP per capita is below the EU average of the EU-27 measured in purchasing power standards (PPS) and calculated on the basis of Union figures for the period 2015-2017 _________________ 63 Regulation …/… of the European Parliament and of the Council … [insert full title and OJ reference].

2023/09/08
Committee: BUDG ITRE