The EIB shall target that at least 40 % of The EIB shall target that at least 25% of EFSI financing under the infrastructure and EFSI financing under the infrastructure and innovation window supports projects with innovation window supports projects with components that contribute to climate action, components that contribute to climate action, in line with the COP21 commitments. The in line with the COP21 commitments. The Steering Board shall provide detailed Steering Board shall provide detailed guidance to that end. guidance to that end. Justification: Although promoting projects in the field of climate action is of the utmost importance for instance as – regards progresses in the field of retrofitting of buildings for improved energy efficiency, alternative energy sources, environmentally-friendly transport modes or urban development it seems that the 40% target is – not realistic in terms of volumes. It should be avoided that an unbalanced repartition of the means be detrimental to important projects (e.g. schools, hospitals…) belonging to other priorities. It is preferable to set to the target already set by the EIB in its official strategy for climate action, dated September 2015. Annex II, 2(b) Commission’s proposal FIEC proposed amendment EFSI support to motorways shall be Deleted avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. Justification: To be successful, the investment strategy needs to be stable, keeping the same priorities, especially where projects are already in the pipeline. To remain confident in this plan, private investors need to see stability and certainty. Moreover, motorways in Western European countries, can also present high risks, as soon as the construction and/or traffic risk is born by the concessionaire. Finally, the environmental impact of motorways mostly depends on the vehicles which are using them.
The EIB shall target that at least 40 % of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action, in line with the COP21 commitments. The Steering Board shall provide detailed guidance to that end. The EIB shall target that at least 25% of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action, in line with the COP21 commitments. The Steering Board shall provide detailed guidance to that end. Justification: Although promoting projects in the field of climate action is of the utmost importance – for instance as regards progresses in the field of retrofitting of buildings for improved energy efficiency, alternative energy sources, environmentally-friendly transport modes or urban development – it seems that the 40% target is not realistic in terms of volumes. It should be avoided that an unbalanced repartition of the means be detrimental to important projects (e.g. schools, hospitals…) belonging to other priorities. It is preferable to set to the target already set by the EIB in its official strategy for climate action, dated September 2015. Annex II, 2(b) Commission’s proposal EFSI support to motorways shall be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country. FIEC proposed amendment Deleted Justification: To be successful, the investment strategy needs to be stable, keeping the same priorities, especially where projects are already in the pipeline. To remain confident in this plan, private investors need to see stability and certainty. Moreover, motorways in Western European countries, can also present high risks, as soon as the construction and/or traffic risk is born by the concessionaire. Finally, the environmental impact of motorways mostly depends on the vehicles which are using them.