Activities of Antonio CANCIAN related to 2012/2027(INI)
Plenary speeches (1)
Innovative financial instruments in the context of the next Multiannual Financial Framework (debate)
Amendments (5)
Amendment 4 #
Draft opinion
Paragraph 2
Paragraph 2
2. Notes that certain financial instruments already in operation in the energy sector, such as the European Energy Efficiency Fund (EEEF) and the Marguerite Fund, are unfortunately producing results that are worse than expected; observes in factObserves that the Marguerite Fund has so far funded a fairly limited number of projects, while the European Energy Efficiency Fund offers funds to those who want to make use of it under financial terms that are similar to those offered by the ordinary market, if not less favourable and calls on the Commission to work to improve the performance of this fund; considers that the adoption of future financial instruments should therefore take into account thoseis less-than-positive experience in order to expedite, where possible, the performance times of financial instruments;
Amendment 8 #
Draft opinion
Paragraph 3
Paragraph 3
3. RegretAcknowledges the fact that the Energy Efficiency Fund (EEEF) works by offering those who want to make use of it similar financing terms, that may be less favourable, to those offered by the ordinary market; regrets that the Fund, while in effect qualifying as a financial instrument, is considered by the Commission to be a type of subsidy, and is consequently incompatible with any recourse to structural funds on the part of same entity; emphasises therefore the necessity to ensure in the future that new financial instruments are compatible with structural funds and with other subsidising instruments made available by the European Union;
Amendment 25 #
Draft opinion
Paragraph 7
Paragraph 7
7. Reiterates that these financial instruments should be activated in order to implement projects deemed necessary to achieve the strategic objectives of the European Union for intelligent, sustainable and inclusive growth; therefore calls on the Commission and the EIB in particular, but also all the other organisations directly or indirectly involved, to much more actively assist the promoters of these projects, especially in the initial phase, and in this sense, successful experiences such as the ELENA facility must be held up as examples and emphasised;
Amendment 27 #
Draft opinion
Paragraph 9
Paragraph 9
9. Trusts in the more-than-positive impact of greater strategic use of financial instruments on the European Union, but believes that this will unfortunately be limited to projects with short- to medium-term returns; fears that investment in projects equally necessary for the achievement of the strategic objectives of the European Union for intelligent, sustainable and inclusive growth may not be realised because they may be deemed too risky for investors and due to the lack of public funds; highlights however the role of catalyst that financial instruments can play for private equity, in establishing instruments to share the risk and reducing the perception of risk for investors;
Amendment 33 #
Draft opinion
Paragraph 10
Paragraph 10
10. Therefore urgently requests the implementation of the project bonds initiative and an accurate evaluation of the appropriateness of a new separate initiative for the issuing of European bonds for infrastructure, with the direct participation of European Union capital in infrastructure projects in the common interest, with strong European added value, through the public issuing of project bonds on the part of the Union;