Activities of Antonio CANCIAN related to 2010/0150(COD)
Plenary speeches (1)
Amendment of Regulation (EC) No 663/2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy (debate)
Shadow reports (1)
REPORT Report on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC) No 663/2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy PDF (289 KB) DOC (300 KB)
Amendments (9)
Amendment 9 #
Proposal for a regulation – amending act
Recital 4
Recital 4
(4) Providing increased financial incentive is a key element to address the barriers of high up-front cost and stimulate sustainable energy improvements. Investment support in sustainable energy can be most effective and beneficial when targeted at local level. Policies for energy efficiency should be oriented towards a concrete involvement of both users and operators, through public policies, in order to encourage the creation of a European market for energy efficiency, thus providing opportunities for the competitive growth and development of the system.
Amendment 13 #
Proposal for a regulation – amending act
Recital 5 a (new)
Recital 5 a (new)
(5a) In a period of budgetary constraints, the complementarity of EU financial instruments is of particular importance. The facility should efficiently complement and build on existing instruments, in particular on the European Regional Development Fund (ERDF) as amended by Regulation (EU) No 397/2009, with the result that the available ERDF funding for energy efficiency and renewables in the housing sector was increased to a potential EUR 8 billion over 2007-2013.
Amendment 14 #
Proposal for a regulation – amending act
Recital 6
Recital 6
(6) So as to maximise the impact of the EU funding in the short term, the facility should be managed by one or several financial intermediaries such as, as a first step, be implemented by one or several International Financial Institutions (IFIs). The selection should be operated on the basis of the demonstrated capacity of the financial intermediarieIFIs to use the funding in the most efficient and effective way and with, with the objective of maximising the participation of other public and private investors and of achieving the highest leverage between the EU funding and the total investment in order to raise significant investments in the EU.
Amendment 22 #
Proposal for a regulation – amending act
Article 1 – point 2
Article 1 – point 2
Regulation (EC) No 663/2009
Article 3 – paragraph 2
Article 3 – paragraph 2
"2. Individual legal commitments under Chapter II implementing the budgetary commitments made in 2009 and 2010 shall be made by 31 December 2010. Individual lLegal commitments according to Article 22 shall be made by 31 March 2011."
Amendment 32 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 663/2009
Annex II – part I – paragraph 2 –point a a (new)
Annex II – part I – paragraph 2 –point a a (new)
(aa) projects that demonstrate a high innovation and economic potential and make use of new procedures and best available technologies;
Amendment 40 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 663/2009
Annex II – part I – paragraph 3
Annex II – part I – paragraph 3
The facility may be used to provide incentives and, including provisioning and capital allocation for loans, guarantees, equity and other financial products. The facility should sustain the start-up of the projects. They shall be projects demonstrating an economic and financial validity (they shall be bankables) in order to refund the investments allocated by the fund and to attract public and private investments within the framework of the "Public-Private Partnerships". In addition, a percentage of up to 10% of funds referred to in Article 22 may be used to provide technical assistance as well as raise awareness of the national and local authorities, to ensure optimal use of the Structural and Cohesion Funds, in particular, in cases of energy efficiency and renewable energy improvements in housing and other types of buildings . The technical assistance should complement existing Union-funded facilities, in particular the Elena programme, avoiding overlaps with other financial instruments.
Amendment 45 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 663/2009
Annex II – part II – paragraph 1
Annex II – part II – paragraph 1
The facility shall be implemented by one or several financial intermediaries such as International Financial Institutions (IFIs). The selection will be operated on the basis of the demonstrated capacity of the financial intermediarieIFIs to use the funding in the most efficient and effective way, in accordance with the rules and criteria set out in this Annex.
Amendment 47 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 663/2009
Annex II – part II – paragraph 2
Annex II – part II – paragraph 2
The financial intermediaries shall comply with the relevant requirements on the delegation of budgetary execution tasks set out in the Financial Regulation and its Implementing Rules, in particular as regards procurement rules, internal control, accounting and external audit. No funding other thanFinancial intermediaries will only be able to invoice for management fees or other eligible costs relateding to the establishment and implementation of the facility shall be made available to those financial intermediaries.
Amendment 49 #
Proposal for a regulation – amending act
Article 1 – point 5
Article 1 – point 5
Regulation (EC) No 663/2009
Annex II – part II – paragraph 3
Annex II – part II – paragraph 3
The detailed terms and conditions of the facility, including monitoring and control, shall be laid down in a(n) agreement(s) between the Commission and the financial intermediariesIFIs. The agreement(s) should provide for the regular supply of information to the Commission and the European Parliament regarding the steps taken in implementation of the facility.