13 Amendments of Yannick JADOT related to 2010/0101(COD)
Amendment 46 #
Proposal for a decision
Recital 1 a (new)
Recital 1 a (new)
(1a) Article 209 TFEU, in conjunction with Article 208 TFEU, lays down that the EIB is to contribute, under the terms laid down in its Statute, to the implementation of the measures necessary to further the objectives of the Union’s development cooperation policy.
Amendment 47 #
Proposal for a decision
Recital 8
Recital 8
(8) In addition to the regional ceilings, the optional mandate of EUR 2 000 000 000 should be activated and allocated as an envelope to support EIB financing operations in the field of climate change mitigation and adaptation across the regions covered by the mandatein countries and across countries covered by the mandate in implementing their climate commitment part of the UNFCCC process. The EIB could contribute with its expertise and resources, in close cooperation with the Commission, to support public authorities as well as the private sector to address the challenge of climate change and to make the best possible use of available financing. For mitigation and adaptation projects, the resources of the EIB should be complemented where possible with concessional funds available under the EU budget, through the efficient and consistent blending of grants and loans for climate change financing in the context of EU external assistance. The optional mandate will not be counted as a contribution of the EU or its Member States to the fast- start funds agreed to at the UNFCCC COP in Copenhagen in December 2009.
Amendment 50 #
Proposal for a decision
Recital 11 a (new)
Recital 11 a (new)
(11a) In order to effectively reach out to SMEs, the EIB should cooperate with local financial intermediary institutions in the eligible countries that have a proof record of passing interest rate concessions on to their clients, to check client's projects against EU development goals and to provide an added value in comparison with market financing. The financial intermediaries activities in support of SMEs should be fully transparent and reported regularly to the EIB.
Amendment 51 #
Proposal for a decision
Recital 13
Recital 13
(13) Under this decision, the EIB should increase its development orientation and expertise in close coordination with the Commission and followapplying the principles of the European Consensus on Development as well as the principles of aid effectiveness outlined in the Paris Declaration of 2005 and the Accra Agenda for Action of 2008. This should be implemented through a number of concrete measures, in particular by reinforcing its capacity to appraise social, environmental and development aspects of projects, including human rights and conflict related risks, and by promoting local consultation. Local consultations should be part of the EIB's due diligence procedure prior to the approval of projects. Moreover, it should increase its focus on sectors where it has sound expertise from financing operations within the EU and which will further the development of the country in question, such as environmental infrastructure including water and sanitation, sustainable transportation and climate change mitigation, particularly in renewable energy. The EIB should also progressively strengthen its activity in support of health and education as well as of climate change adaptation, where appropriate working in cooperation with other International Finance Institutions (IFIs) and European bilateral finance institutions (EBFIs). This will require access to concessional resources and a progressive increase in human resources devoted to EIB external activities. EIB activity should also be complementary to EU objectives and priorities relating to institution building and sector reforms. Finally, the EIB should define performance indicators which are linked to development aspects of the projects and their results.
Amendment 56 #
Proposal for a decision
Recital 25
Recital 25
(25) The Commission should study the development of an "EU platform for cooperation and development" with a view to optimising the functioning of mechanisms for the blending of grants and loans in the external regions. In its reflections the Commission should consult the EIB as well as the other European multilateral and bilateral finance institutions, the European Parliament and civil society organizations. Such a platform would continue to promote mutual reliance arrangements, based on the comparative advantage of the different institutions while respecting the role and prerogatives of the EU institutions in the implementation of the EU budget and of EIB loans.
Amendment 57 #
Proposal for a decision
Article 2 - paragraph 2 a (new)
Article 2 - paragraph 2 a (new)
2a. EIB financing operations implemented through the Union guarantee granted to the EIB, in developing countries shall have as primary objective the reduction and, in the long term, the eradication of poverty. EIB financing operations implemented through the Union guarantee granted to the EIB within third countries other than developing countries shall be consistent with the development policy of the Union and shall be carried out within the framework of the principles and objectives of its external action.
Amendment 58 #
Proposal for a decision
Article 2 - paragraph 4
Article 2 - paragraph 4
4. The Climate Change Mandate shall cover EIB financing operations in all countries covered by this decision, where such EIB financing operations support the key EU policy objective of tackling climate change by supporting projects in climate change mitigation and adaptation which contribute to the overall objective ofcountries in implementing their climate commitments under the United Nations Framework Convention on Climate Change (UNFCCC), in particular by avoiding or reducing greenhouse gas emissions in the areas of renewable energy, energy efficiency and sustainable transport, or by increasing resilience to the adverse impacts of climate change on vulnerable countries, sectors and communities. The Climate Change Mandate shall be implemented in close cooperation with the Commission, combining where possible and appropriate EIB financing with EU budget funds. The optional mandate will not be counted as a contribution of the EU and its Member States to the fast-start funds agreed to at the UNFCCC COP in Copenhagen in December 2009. Projects generating carbon credits will not be considered for support under the additional mandate.
Amendment 59 #
Proposal for a decision
Article 2 - paragraph 4 a (new)
Article 2 - paragraph 4 a (new)
4a. In order to maximise the effect on mitigation of climate change, the EIB shall define criteria of “clean technology” which projects must fulfil in order to be eligible for funding under the Climate Change Mandate. The criteria shall be oriented in principle at energy efficiency and low emission, sustainable energy supply, excluding support for any nuclear and fossil fuel based energy supply technology.
Amendment 60 #
Proposal for a decision
Article 3 - paragraph 1 - point a
Article 3 - paragraph 1 - point a
(a) Climate change mitigation and adaptation, as defined inprojects contributing to countries’ commitments under the UNFCCC and fulfilling the criteria of "clean technology", in accordance with Article 2(4).
Amendment 64 #
Proposal for a decision
Article 5 - paragraph 2
Article 5 - paragraph 2
2. The consistency of EIB financing operations with the external policy objectives of the EU shall be monitored in accordance with Article 10. The EIB shall develop performance indicators regarding development, environmental and human rights aspects of projects funded as well as with regard to the indicators under the Paris Declaration for Aid Effectiveness, in order to facilitate the monitoring.
Amendment 65 #
Proposal for a decision
Article 6 - paragraph 1
Article 6 - paragraph 1
1. The EIB shall carry out thorough due diligence, including local public consultation, on development-related aspects of projects covered by the EU guarantee prior to project approval, including in an appropriate form the loan activity of financial intermediaries. The EIB's own rules and procedures shall include the necessary provisions on assessment of environmental and social impact of projects and of aspects related to human rights, to ensure that only projects that are economically, financially, environmentally and socially sustainable are supported under this Decision.
Amendment 66 #
Proposal for a decision
Article 6 - paragraph 2
Article 6 - paragraph 2
2. In addition to the ex-ante assessment of development-related aspects, the EIB should strengthen itscarry out a thorough monitoring during project implementation, inter alia, on the development impact of the project, environmental and human rights impact of the project. The monitoring shall include the performance of financial intermediaries. The results of monitoring should be regularly disclosed to the public.
Amendment 67 #
Proposal for a decision
Article 8a (new)
Article 8a (new)