6 Amendments of Ryszard Antoni LEGUTKO related to 2019/2126(INI)
Amendment 10 #
Draft opinion
Paragraph 1
Paragraph 1
1. Highlights the importance of the activities of the European Investment Bank (EIB) to increase the current levels of investment in the EU, which are below historical averages and insufficient to fulfil the EU’s sustainability, social and innovation ambitions; stresses that in order to achieve these ambitions, more risk- takingincreased activity by the EIB may be necessary in parallel to increasing equity and the development of expertise in innovative funding instruments; calls for adequate capitalisation of the EIB to allow for the use of innovative instruments in the financing of projects with substantial potential sustainability, social and innovation gains;
Amendment 16 #
Draft opinion
Paragraph 2
Paragraph 2
2. WelcomNotes the commitment by the Commission President-elect to turn sections of the EIB into a climate bank, and the commitments from the EIB President to increase the share of EIB financing for climate action and environmental sustainability to at least 50 % by 2025 and to align all EIB financing activities with the goals of the Paris Agreement by the end of 2020in a timeframe which does not undermine the EIB's other commitments; calls on the Commission to present an ambitious new European Sustainable Investment Plan, includingtaking into account the real needs of each Member State and region and the additional financial commitments, as soon as possible, and to fully support the EIB in broadening its sustainability ambitions; recalls, at the same time, that the EIB was set up to tackle economic and social inequalities in the EU; stresses, in this context, the EIB's crucial role in the smooth functioning of the future Just Transition Fund;
Amendment 30 #
Draft opinion
Paragraph 3
Paragraph 3
3. Stresses that in order for the EIB to become the EU’s climate bank, it should stop all financial support toNotes the decision taken by the Board of Directors of the EIB to end financing for most fossil fuel energy projects byfrom the end of 2020,1 and align to gradually its activities, including EIF operations, with the Paris Agreement’s goals; calls on the EIB to make decarbonisation commitments a condition for companies to receive EIB supportncrease the share of its financing dedicated to climate action and environmental sustainability, to reach 50 % of its operations as of 2025; calls on the EIB to apply the EU taxonomy framework, once it has been formally adopted, as a benchmark for its climate and environmental investments; calls on the EIB to develop a credible methodology to measure, disclose and achieve ‘Paris alignment’ of its financing operations;
Amendment 43 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobilising EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectives; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent with the EU’s sustainability objectives; The methodologie should reflect also differences between InvestEU windows in order to enable implementing partners effective usage of the EU guarantee;
Amendment 46 #
Draft opinion
Paragraph 4
Paragraph 4
4. Stresses that the key quantitative target of the European Fund for Strategic Investments (EFSI) of mobilising EUR 500 billion of additional private and public investment should be replaced by measurable targets on sustainability and social impact in future investment strategies; calls on the EIB to increase the share of EFSI and InvestEU financing to projects that substantially contribute to the EU’s sustainability and social objectives; calls on the Commission to ensure that InvestEU’s sustainability-proofing methodologies are fully consistent withtake into account the EU’s sustainability objectives;
Amendment 50 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Welcomes the EIB's decision to continue to support cohesion and convergence policy objectives, including in the form of structural projects aimed at mitigating the effects of inequality, for example in countries and regions still facing development difficulties, including those resulting from the EU's new climate policy; calls for the EIB's priorities to be broadened to include effective cohesion policy;