### (3) article 168 tfeu provides that the union is to complement and support national health policies , encourage cooperation between member states and promote the coordination between their programmes , in full respect of the responsibilities of the member states for the definition of their health policies and the organisation and delivery of health services and medical care. ### (3) article 168 tfeu provides that the union is to complement and support national health policies , encourage cooperation between member states and promote the coordination between their programmes , in full respect of the responsibilities of the competent authorities in each member state to define their own health policy and to organise , deliver and manage health services and medical care.


### (3) article 168 tfeu provides that the union is to complement and support national health policies , encourage cooperation between member states and promote the coordination between their programmes , in full respect of the responsibilities of the member states for the definition of their health policies and the organisation and delivery of health services and medical care. ### (3) article 168 tfeu provides that the union is to complement and support national health policies , encourage cooperation between member states and promote the coordination between their programmes , in full respect of the responsibilities of each member state to define their own health policy and to organise , deliver and manage health services and medical care.


### (6) while member states are responsible for their health policies , they are expected to protect public health in a spirit of european solidarity8 . experience from the ongoing covid-19 crisis has demonstrated that there is a need for a further firm action at union level to support cooperation and coordination among the member states in order to improve the prevention and control of the spread of severe human diseases across borders , to combat other serious cross-border threats to health and to safeguard the health and well-being of people in the union. ### (6) while member states are responsible for their health policies , they are expected to protect public health in a spirit of european solidarity8 . experience from the ongoing covid-19 crisis has demonstrated that there is scope for the union to better deliver on public health policy within the existing parameters of the treaties to support cooperation and coordination among the member states in order to improve the prevention and control of the spread of severe human diseases across borders , to develop , test and make available products for the prevention and treatment of diseases , to combat other serious cross-border threats to health and to safeguard the health and well-being of people in the union.


### (6) while member states are responsible for their health policies , they are expected to protect public health in a spirit of european solidarity8. experience from the ongoing covid-19 crisis has demonstrated that there is a need for a further firm action at union level to support cooperation and coordination among the member states in order to improve the prevention and control of the spread of severe human diseases across borders , to combat other serious cross-border threats to health and to safeguard the health and well-being of people in the union. ### (6) member states are responsible for their health policies. however , the covid-19 crisis has demonstrated that cooperation among the member states is welcome in order to prevent and control the spread of severe human diseases across borders.


### (6) while member states are responsible for their health policies , they are expected to protect public health in a spirit of european solidarity8. experience from the ongoing covid-19 crisis has demonstrated that there is a need for a further firm action at union level to support cooperation and coordination among the member states in order to improve the prevention and control of the spread of severe human diseases across borders , to combat other serious cross-border threats to health and to safeguard the health and well-being of people in the union. ### (6) while member states are responsible for their health policies , they are expected to protect public health in a spirit of european solidarity8. experience from the ongoing covid-19 crisis has demonstrated that there is a need for a further firm action at union level to support cooperation and coordination among the member states in order to improve the prevention and control of the spread of severe human diseases across borders , as well as to ensure crisis-relevant products for the most affected areas , to develop and make available products for the prevention and treatment of diseases , to combat other serious cross-border threats to health and to safeguard the health and well-being of people in the union , avoiding any kind of discrimination in terms of hospitalisation and treatment.


### (9) in accordance with regulation [european union recovery instrument] and within the limits of resources allocated therein , recovery and resilience measures under the programme should be carried out to address the unprecedented impact of the covid-19 crisis. such additional resources should be used in such a way as to ensure compliance with the time limits provided for in regulation [european union recovery instrument]. ### (9) in accordance with regulation [european union recovery instrument] and within the limits of resources allocated therein , recovery and resilience measures under the programme should be carried out to address the unprecedented impact of the covid-19 crisis and ensure that resilient health care systems and services are in place. such additional resources should be used in such a way as to ensure compliance with the time limits provided for in regulation [european union recovery instrument].


### (13) the covid-19 crisis has highlighted many challenges in ensuring the supply of medicines , medical devices as well as personal protective equipment needed in the union during the pandemics. the programme therefore should provide support to actions which foster the production , procurement and management of crisis relevant products ensuring complementarity with other union instruments. ### (13) the covid-19 crisis has highlighted many challenges in ensuring the supply of medicines , medical devices as well as personal protective equipment needed in the union during the pandemics. noting , in particular , its dependency on third countries for manufacturing capacity , the supply of active pharmaceutical ingredients and starting materials. the programme therefore should provide support to actions which foster the production , procurement and management of crisis relevant products ensuring complementarity with other union instruments.


### (20) the programme will work in synergy and complementarity with other eu policies , programmes and funds such as actions implemented under the digital europe programme , horizon europe , resceu reserve under the union civil protection mechanism , emergency support instrument , european social fund+ (esf+ , including as regards synergies on better protecting the health and safety of millions of workers in the eu) , including the employment and social innovation strand (easi) , the investeu fund , single market programme , european regional development fund (erdf) , recovery and resilience facility including the reform delivery tool , erasmus , european solidarity corps , support to mitigate unemployment risks in an emergency (sure) , and eu external action instruments , such as the neighbourhood , development and international cooperation instrument and the instrument for pre-accession assistance iii. where appropriate , common rules will be established in view of ensuring consistency and complementarity between funds , while making sure that specificities of these policies are respected , and in view of aligning with the strategic requirements of these policies , programmes and funds , such as the enabling conditions under erdf and esf+. ### (20) the programme will work in synergy and complementarity with other eu policies , programmes and funds such as actions implemented under the digital europe programme , horizon europe , resceu reserve under the union civil protection mechanism , emergency support instrument , european social fund+ (esf+ , including as regards synergies on better protecting the health and safety of millions of workers in the eu) , including the employment and social innovation strand (easi) , the investeu fund , single market programme , european regional development fund (erdf) , recovery and resilience facility including the reform delivery tool , erasmus , european solidarity corps , support to mitigate unemployment risks in an emergency (sure) , and eu external action instruments , such as the neighbourhood , development and international cooperation instrument and the instrument for pre-accession assistance iii. where appropriate , common rules will be established in view of ensuring consistency and complementarity between funds , avoiding any overlap or duplication of financing , while making sure that specificities of these policies are respected , and in view of aligning with the strategic requirements of these policies , programmes and funds , such as the enabling conditions under erdf and esf+.


### (25) the union health legislation has an immediate impact on public health , the lives of citizens , the efficiency and resilience of the health systems and the good functioning of the internal market. the regulatory framework for medical products and technologies (medicinal products , medical devices and substances of human origin) , as well as for tobacco legislation , patients’ rights in cross-border healthcare and serious cross-border threats to health is essential to health protection in the union. the programme therefore should support the development , implementation and enforcement of union health legislation and provide high quality , comparable and reliable data to underpin policymaking and monitoring. ### (25) the union health legislation has an immediate impact on public health , the lives of citizens , the efficiency and resilience of the health systems and the good functioning of the internal market. the regulatory framework for medical products and technologies (medicinal products , medical devices and substances of human origin) , as well as for tobacco legislation , patients’ rights in cross-border healthcare and serious cross-border threats to health is essential to health protection in the union. the programme therefore should support the development , implementation and enforcement of union health legislation , working in conjunction with key partners such as the european medicines agency and the european centre for disease prevention and control , and provide high quality , comparable and reliable data to underpin policymaking and monitoring.


### (1) strengthen the capability of the union for prevention , preparedness and response to serious cross-border threats to health , and the management of health crises , including through coordination , provision and deployment of emergency health care capacity , data gathering and surveillance; ### (1) in full accordance with article 168(5) of the treaty on the functioning of the european union , strengthen the capability of the union , including the european medicines agency and the european centre for disease control , for prevention , preparedness and response to serious cross-border threats to health , and the management of health crises , including through coordination , provision and deployment of emergency health care capacity , data gathering and surveillance;


### 1. the programme shall be implemented in direct management in accordance with regulation (eu , euratom) 2018/1046 or in indirect management with the bodies referred to in article 62(1) (c) of regulation (eu , euratom) 2018/1046. ### 1. the programme shall be implemented in direct management in accordance with regulation (eu , euratom) 2018/1046 or in indirect management with the bodies referred to in article 62(1) (c) of regulation (eu , euratom) 2018/1046 , to ensure there is no overlap or duplication with other funding programmes at the union level.


### the programme shall be implemented by work programmes referred to in article 110 of regulation (eu , euratom) 2018/1046. work programmes shall set out , where applicable , the overall amount reserved for blending operations. ### the commission shall adopt , by means of implementing acts in accordance with article 23 (2) , annual work programmes referred to in article 110 of regulation (eu , euratom) 2018/1046. work programmes shall set out , where applicable , the overall amount reserved for blending operations.


### (5) on 11 march 2020 the world health organization (who) declared the novel coronavirus (covid-19) outbreak a global pandemic. that pandemic has caused an unprecedented worldwide health crisis with severe socio-economic consequences and human suffering. ### (5) on 11 march 2020 the world health organization (who) declared the novel coronavirus (covid-19) outbreak a global pandemic. this pandemic has since become the defining global health crisis of our time , causing severe socio-economic consequences and human suffering. the extent , depth and breadth of this crisis has demonstrated the added value of the eu's actions , which serve to complement national policies in the field of public health.


### (10) due to the serious nature of cross-border health threats , the programme should support coordinated public health measures at union level to address different aspects of such threats. with a view to strengthen the capability in the union to prepare for , respond to and manage health crisis the programme should provide support to the actions taken in the framework of the mechanisms and structures established under decision no 1082/2013/eu of the european parliament and of the council10 and other relevant mechanisms and structures established at union level. this could include strategic stockpiling of essential medical supplies or capacity building in crisis response , preventive measures related to vaccination and immunisation , strengthened surveillance programmes. in this context the programme should foster union-wide and cross-sectoral crisis prevention , preparedness , surveillance , management and response capacity of actors at the union , national , regional and local level , including contingency planning and preparedness exercises , in keeping with the “one health” approach. it should facilitate the setting up of an integrated cross-cutting risk communication framework working in all phases of a health crisis - prevention , preparedness and response. ### (10) due to the serious nature of cross-border health threats , the programme should support coordinated public health measures at union level to address different aspects of such threats. with a view to strengthen the capability in the union to prepare for , respond to and manage health crisis the programme should provide support to the actions taken in the framework of the mechanisms and structures established under decision no 1082/2013/eu of the european parliament and of the council10 and other relevant mechanisms and structures established at union level. this could include creating strategic reserves of essential medical supplies or advancing capacity building initiatives in crisis response at the member state level , preventive measures related to vaccination and immunisation , and strengthened surveillance programmes. in this context the programme should foster union-wide and cross-sectoral crisis prevention , preparedness , surveillance , management and response capacity of actors at the union , national , regional and local level , including contingency planning and preparedness exercises , in keeping with the “one health” approach , which reflects the fact that the health of people , animals and the environment are interconnected and that diseases can be transmitted from people to animals and vice versa. it should facilitate the setting up of an integrated cross-cutting risk communication framework working in all phases of a health crisis - prevention , preparedness and response.


### (11) as in the time of health crisis emergency health technology assessment as well as clinical trials can contribute to the rapid development of medical countermeasures the programme should provide support to facilitate such actions. the commission has adopted a proposal11 on health technology assessment (hta) to support cooperation on health technology assessment at union level. ### (11) in the context of public health crises , health technology assessment and clinical trials can contribute to the rapid development of medical countermeasures , and the programme should provide support to facilitate such actions. the commission has adopted a proposal11 on hta to support cooperation on health technology assessment at union level. notes , however , that there has been limited progress on the proposal in council as some member states have challenged its compatibility with the subsidiarity principle and objected to the mandatory uptake of joint hta reports.


### (6) to improve planning in prevention and preparedness , the union should continue advocating for investment in prevention of disasters across sectors , and for comprehensive risk management approaches that underpin prevention and preparedness , taking into account a multi-hazard approach , an ecosystem-based approach and the likely impacts of climate change , in close cooperation with the relevant scientific communities and key economic operators. to that effect , cross-sectoral and all-hazard approaches should be put at the forefront and be based on union wide resilience goals feeding into a baseline definition of capacities and preparedness. the commission is to work together with member states when defining union wide resilience goals. ### (6) to improve planning in prevention and preparedness , the union should continue advocating for investment in prevention of disasters across sectors , and for comprehensive risk management approaches that underpin prevention and preparedness , taking into account a multi-hazard approach , in close cooperation with the relevant scientific communities and key economic operators. to that effect , cross-sectoral and all-hazard approaches should be put at the forefront and be based on union wide resilience goals feeding into a baseline definition of capacities and preparedness. the commission is to work together with member states when defining union wide resilience goals.


### (6) to improve planning in prevention and preparedness , the union should continue advocating for investment in prevention of disasters across sectors , and for comprehensive risk management approaches that underpin prevention and preparedness , taking into account a multi-hazard approach , an ecosystem-based approach and the likely impacts of climate change , in close cooperation with the relevant scientific communities and key economic operators. to that effect , cross-sectoral and all-hazard approaches should be put at the forefront and be based on union wide resilience goals feeding into a baseline definition of capacities and preparedness. the commission is to work together with member states when defining union wide resilience goals. ### (6) to improve planning in prevention and preparedness , the union should continue advocating for investment in prevention of disasters across sectors , including that of hydrogeological instability , and for comprehensive risk management approaches that underpin prevention and preparedness , taking into account a multi-hazard approach , an ecosystem-based approach and the likely impacts of climate change , in close cooperation with the relevant scientific communities and key economic operators. to that effect , cross-sectoral and all-hazard approaches should be put at the forefront and be based on union wide resilience goals feeding into a baseline definition of capacities and preparedness. the commission is to work together with member states when defining union wide resilience goals.


### (16) given that the deployment of resceu capacities for response operations under the union mechanism provides significant union added value by ensuring an effective and fast response to people in emergencies , further visibility obligations should be made to provide union prominence. ### deleted


### 5. the commission shall define union disaster resilience goals to support prevention and preparedness actions. disaster resilience goals shall ensure a common baseline for maintaining critical societal functions in the face of cascading effects of a high impact disaster and for ensuring the functioning of the internal market. the goals shall be based on forward looking scenarios , including the impacts of climate change on disaster risk , data on past events and cross-sectoral impact analysis with a particular attention to vulnerable people. ### 5. the commission shall define union disaster resilience goals to support prevention and preparedness actions. disaster resilience goals shall ensure a common baseline for maintaining critical societal functions in the face of cascading effects of a high impact disaster and for ensuring the functioning of the internal market. the goals shall be based on forward looking scenarios , data on past events and cross-sectoral impact analysis with a particular attention to vulnerable people.


### 1. the commission and the member states shall work together to improve cross-sectorial resilience planning , both for natural and man-made disasters likely to have a trans-boundary effect , including the adverse effects of climate change. the resilience planning shall include scenario-building at union level for disaster prevention and response based on the risk assessments referred to in point (a) of article 6(1) and the overview of risks referred to in point (c) of article 5(1) , disaster risk management planning referred to in point (c) of article 6(1) , disaster loss data referred to in point (f) of article 6(1) , asset mapping and the development of plans for the deployment of response capacities , taking into account the union disaster resilience goals referred to article 6(5). ### deleted


### (14) article 20a is replaced by the following: ### deleted


### (15) the union mechanism should also provide transport assistance needed in environmental disasters through the furtherance of the "polluter pays" principle in line with article 191(2) of the treaty on the functioning of the european union (tfeu) , as well as directive 2004/35/ce of the european parliament and of the council on environmental liability with regard to the prevention and remedying of environmental damage7 . ### deleted


### (21) the commission should be empowered to adopt immediately applicable implementing acts , in the case of an emergency which needs to be dealt with immediately , where , in duly justified cases , imperative grounds of urgency so require. this would allow the union to react without delay to large-scale emergencies which might have a high impact on human lives , health , environment , property , and cultural heritage , affecting at the same time the majority or all member states. ### deleted


### 1. acknowledges that europe’s economy is showing signs of less dynamic growth; highlights that more must be done to support member states which are experiencing slower growth and high unemployment , particularly where young people are concerned; ### 1. acknowledges that europe’s economy is showing signs of less dynamic growth; highlights that more must be done to support member states which are experiencing slower growth and high unemployment , particularly where young people are concerned , special schemes of subsidies could be foreseen to support and enhance employment in this regard;


### 1. notes that , in view of the climate change emergency , the eu’s annual growth survey (ags) has now been renamed the annual sustainable growth survey (asgs) , and considers that this implies a change in the positioning of the report and the implementation of ecological indicators; ### 1. notes that , in view of the climate change emergency , the eu’s annual growth survey (ags) has now been renamed the annual sustainable growth survey (asgs) , and considers that this implies a change in the positioning of the report and the implementation of ecological indicators; stresses however that this change must comply with the valid fiscal rules;


### 2. welcomes the fact that the communication makes the european green deal the engine of the economic strategy of the eu in order to put the union on the right path to carbon neutrality; ### 2. underlines that the european green deal is an important pillar of the eu's new growth strategy , supported by investments in green technologies , sustainable solutions , and new businesses;


### 2. notes the role of the european green deal as the eu’s new strategy defining ecological issues and the wellbeing of citizens as principal goals for the union; notes , with regard to the scope of the european semester , the inclusion of the sdgs and of the principles of the european pillar of social rights (epsr) , which will require the adjustment of existing indicators and the creation of new ones to monitor the implementation of eu economic , environmental and social policies , as well as coherence between policy goals and budgetary means; notes the need to implement long-term planning to tackle climate change; ### 2. notes , with regard to the scope of the european semester , the inclusion of the sdgs and of the principles of the european pillar of social rights (epsr) , which will require the adjustment of existing indicators and the creation of new ones to monitor the implementation of eu economic , environmental and social policies , as well as coherence between policy goals and budgetary means; notes the need to implement long-term planning to tackle climate change;


### 3. considers achieving a fair transition to climate neutrality to be a major responsibility for the eu’s citizens and economy and its role in the world; calls for appropriate support and policies , with involvement for and of the public , the various sectors , regions and member states with a view to benefiting from this transformation and making it a success; calls on the commission to undertake an annual evaluation of the union’s ecological debt , carbon budget and imported emissions; ### 3. calls on the commission to undertake an annual evaluation of the union’s ecological debt , carbon budget and imported emissions;


### 4. notes that the euro area is going through a prolonged period of subdued growth (1.1 % in the euro area and 1.4% in the eu as a whole in 2019) , with growth in the euro area in 2020 and 2021 forecast at 1.2 % and for the eu in 2020 and 2021 forecast at 1.4 %; also notes that the inflation rate is forecast to further slow down , to 1.2 % in 2019 and 2020 , in a context of high uncertainty due to geopolitical tensions and brexit; is concerned at the high level of private debt; ### 4. notes that the euro area is going through a prolonged period of subdued growth (1.1 % in the euro area and 1.4% in the eu as a whole in 2019 with significant differences between member states from 0.1 % to 5.6 %) , with growth in the euro area in 2020 and 2021 forecast at 1.2 % and for the eu in 2020 and 2021 forecast at 1.4 %; also notes that the inflation rate is forecast to further slow down , to 1.2 % in 2019 and 2020 , in a context of high uncertainty due to geopolitical tensions and brexit; is concerned at the high level of both public and private debt;


### 5. calls on the european commission to extend the european semester by completing the current approach based on fiscal and budgetary discipline with climate and environmental discipline without weakening the current eu economic governance process; calls therefore on the european commission to develop a new climate indicator , mirroring the economic indicators and assessing the discrepancy between member states budget and a paris aligned scenario of their national budget; stresses the need for this indicator to provide member states with an indication on their trajectory of temperature under the framework of the paris agreement , thus enabling the extended european semester to provide recommendations about the decrease of the climate debt; ### 5. recalls the political commitments to the greening of the european semester process , without undermining existing fiscal and budgetary discipline nor weakening the eu economic governance process , and to integrate the sustainable development goals (sdgs) in order to ensure that our macroeconomic policies are ecologically sustainable , socially equitable , and which facilitate long-term economic stability; notes that environmental policies can provide new opportunities for growth , jobs and investment;


### 5. is concerned that post-crisis investment has been on a downward path in the eu in spite of historically low interest rates , currently standing at 3.4 % , with overall infrastructure investment now at about 75 % of its pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector , which have occurred particularly in countries subject to adverse macroeconomic conditions and the more severe fiscal constraints imposed on disadvantaged regions already characterised by poor infrastructure quality and weak socio-economic outcomes , but also , and surprisingly , in countries with a large fiscal space; ### 5. is concerned that post-crisis investment has been on a downward path in the eu in spite of historically low interest rates , currently standing at 3.4 % , with overall infrastructure investment now at about 75 % of its pre-crisis level; notes that monetary policy of low interest rates has not helped to increase the level of investments to pre-crisis level; whereas 80 % of the shortfall is the result of cutbacks in the public sector , which have occurred particularly in countries subject to adverse macroeconomic conditions and the more severe fiscal constraints imposed on disadvantaged regions already characterised by poor infrastructure quality and weak socio-economic outcomes , but also , and surprisingly , in countries with a large fiscal space;


### 6. endorses the conclusion of the european fiscal board (efb) that the fiscal framework has not protected the quality of public expenditure , and welcomes the efb’s proposal for a ‘golden rule’ to protect public investment; calls , therefore , for the reform of the stability and growth pact and the introduction of a golden rule aimed at implementing sound fiscal policy on an equal footing with investment within the eu’s policy objectives; whereas this should cover the investment foreseen for the realisation of the green deal , the digital revolution , the sdgs and the epsr rights , including expenditure aimed at reducing poverty and inequality related to social protection , health services and long-term care , and education and training; ### 6. endorses the conclusion of the european fiscal board (efb) that the fiscal framework has not protected the quality of public expenditure; highlights that public investments are limited as they represent scarce resources mostly funded by the taxpayers; calls on the commission to prioritise the public investments according to their efficiency in order to support economic growth;


### a. whereas the improvement in the economic situation and low interest rates provide an opportunity to implement ambitious reforms , in particular measures aimed at encouraging public investment to tackle climate change and its social consequences and create full-time jobs; ### a. whereas the improved economic discipline and stability and low interest rates provide an opportunity to implement necessary reforms , in particular measures aimed at encouraging effective public investment and create full-time jobs;


### c. having regard to the need for a european climate law with a legally binding goal of reaching net zero greenhouse gas emissions by 2050 at the latest and an intermediate target of at least 65 % for 2030; ### deleted


### 7. highlights the problem of too low a level of public investment; calls on the commission to assess the cost of not taking action in this area , in particular by evaluating the difference between the need for investment and the actual investments made; ### deleted


### 7. highlights the problem of too low a level of public investment; calls on the commission to assess the cost of not taking action in this area , in particular by evaluating the difference between the need for investment and the actual investments made; ### 7. highlights the problem of too low a level of public investment; calls on the commission to assess the cost of not taking action in this area , in particular by evaluating the difference between the need for investment and the actual investments made and taking into account the nominal value of such investments rather than their quantity;


### 8. calls for a european green industrial strategy; ### deleted


### 8. calls for a european green industrial strategy; ### 8. calls for a european green industrial strategy and taking into account the socio-economic differences of all member states and regions;


### 9. shares the concern expressed in others of the efb’s conclusions regarding the pro-cyclical elements in the eu fiscal rules , which forced member states to adjust their economies in a poor or difficult economic situation , failing to improve the quality of public finance and promote investment; welcomes the efb’s recommendation of a seven-year cycle mirroring the mff so as to better coordinate member states’ public accounts , and especially investment; ### deleted


### 10. notes that the debt levels of all the member states are above the pre-crisis level and are expected to exceed 60 % in 2021; further notes that in six member states the ratio will be higher than 90 %; highlights the fact that the fiscal rules have not contributed to bringing down the debt levels of highly indebted countries but have , rather , increased them; ### 10. regrets that the debt levels of all the member states are above the pre-crisis level and are expected to exceed 60 % gdp in 2021; further notes that in six member states the ratio will be higher than 90 % gdp; underlines that debt levels may be hard to sustain if and when interest rates return to normal levels;


### 11. supports flexibility in the implementation of the sgp as proposed by the commission in 2015; considers that much more flexibility should be introduced in order to boost investment and ecological transition in the eu; calls , therefore , for the reform of the sgp and the introduction of a euro area fiscal capacity; ### 11. points out that acquis communautaire and other common measures , including fiscal rules , shall be respected and regrets long lasting selective non-compliance with common eu rules; calls , therefore , for the full and unambiguous implementation of the sgp;


### 12. reiterates its call for a european stabilisation function and a european unemployment benefit reinsurance scheme , with a view to protecting citizens and reducing pressure on public finances during external shocks so as to overcome social and economic imbalances; ### deleted


### 13. notes that the commission warranted in-depth reviews for 13 member states identified as having imbalances; supports the suggestion made in the alert mechanism report (amr) 2020 that a rebalancing of current account deficits and surpluses in the euro area is needed urgently and would be beneficial for all member states; ### 13. notes that the commission warranted in-depth reviews for 13 member states identified as having imbalances; notes that in such environment the required adjustment for some member states seeking improvement of intra-eu competitiveness becomes much harder to achieve;


### 14. is concerned about the accelerating rise in house prices; ### 14. is concerned about the accelerating rise in house prices as a consequence of ecb’s monetary policy;


### 15. recalls the importance of the efficient regulation of the banking and financial sectors in order to prevent a new crisis; believes that such regulation must integrate the ecological situation; emphasises the importance of completing the banking union and the need to reform the european stability mechanism; ### 15. recalls the importance of the efficient regulation of the banking and financial sectors in order to prevent a new crisis;


### 16. calls for qualified majority voting in council on tax matters; ### 16. recalls that qualified majority voting in council on tax matters would infringe the sovereign member states competence;


### 17. calls for the systematic inclusion of tax matters in the country specific recommendations (csrs) , with the aim of ensuring economic coherence across eu member states as well as the fairness of eu tax systems; believes that the csrs could ensure a fair balance between sources of revenue and should also include innovative elements aiming at promoting the green deal; further believes that they should also support member states in tackling tax avoidance and aggressive tax planning; ### 17. calls for the systematic inclusion of tax matters in the country specific recommendations (csrs); believes that they should also support member states in tackling tax avoidance and aggressive tax planning;


### 19. stresses that , according to the eu labour force survey , there are 8.3 million involuntary part-time workers in the eu , two thirds of them women; requests the commission to undertake a study to analyse the impact of this development on pension systems and public finances; ### 19. stresses that , according to the eu labour force survey , there are 8.3 million involuntary part-time workers in the eu , two thirds of them women; requests the commission to undertake a study to analyse the impact of this development on pension systems and public finances taking into account the influence of tax wedge on the share of part-time workers;


### 20. takes note of amr 2020’s finding that wage growth at euro area level remains below what would be expected at the current levels of unemployment on the basis of historical data , and that this affects the inflation rate; highlights that the currently low productivity and inflation together with structural reforms transferring collective bargaining to the enterprise level are detrimental to wage growth and are leading to greater income inequality and an increase in the numbers of working poor , with in-work poverty affecting almost one in ten workers in europe; accordingly advocates wage growth; ### deleted


### 21. agrees that it is a matter of great concern that income inequality is above pre-crisis levels in some countries , being frequently linked to unequal opportunities in access to education , training and social protection; ### 21. agrees that it is a matter of great concern that income inequality is above pre-crisis levels in some countries; welcomes in this regards the efforts of those member states that are shifting away from the high tax burden on labour in europe;


### 22. underlines the fact that the number of people at risk of poverty or social exclusion stands , on 2017 figures , at 113 million , or 22.5 % of the population; ### 22. underlines the fact that the number of people at risk of poverty or social exclusion stands , on 2017 figures , at 113 million , or 22.5 % of the population and welcomes the decrease to 21.9% in 2018;


### 23. stresses that equality between women and men , gender mainstreaming and gender budgeting must become key elements of the european semester , leading to action on gender pay , gender career development and the gender pension gap (which currently stands at 40 % in the eu); ### deleted


### 24. welcomes the asgs 2020’s proposals for fostering social and regional convergence towards better living and working conditions in the eu; ### deleted


### 25. highlights the time constraints on the current european semester process , which form an obstacle to full debate and the proper involvement in the process of civil society organisations , social partners , and even national parliaments and the ep , and contribute significantly to the lack of a sense of ownership and implementation; calls for the extension of the semester cycle to a biannual or triannual period , with the possibility of revision in case of major economic shocks; ### deleted


### 26. looks forward to the stronger involvement of the ep and the national parliaments in the european semester process and to the creation of an institutionalised dialogue with the commission , the social partners , territories and civil society , at both eu and national level , in order to further boost the process’s democratic legitimacy; ### 26. looks forward to the stronger involvement of the ep and the national parliaments and regional in the european semester process and to the creation of an institutionalised dialogue with the commission and relevant actors , in order to further boost the process’s democratic legitimacy;


### 27. invites the stakeholders in this necessary next step to create enhanced democratic accountability mechanisms at both eu and national levels , while formalising the scrutiny role of the ep in the european semester; calls on the commission and the member states to enhance the social dialogue , including over the csrs , and to engage in dialogue with the social partners; ### deleted


### 1. expresses serious concerns about the severe macroeconomic imbalances deriving from the covid-19 crisis and their related impact on economic growth , investment , resilience , employment rates and socio-economic inequalities; ### 1. notes macroeconomic imbalances deriving from the covid-19 crisis and their related impact on economic growth , investment , resilience , employment rates and socio-economic inequalities; encourages member states to address emerging imbalances through reforms that enhance economic and social resilience;


### 1. recognises the important role that the eib , the world’s largest multilateral lender , can play in contributing to the union’s development policy objectives , and in particular its potential to promote climate action and to support the recovery from shocks such as covid-19; ### 1. recognises the important role that the eib , the world’s largest multilateral lender , can play in contributing to the union’s development policy objectives , and in particular its potential to promote environmental sustainability and to support the recovery from shocks such as covid-19;


### 2. reiterates that all financial flows of the european investment bank (eib) group should be consistent with the goal of achieving net zero emissions by 2050 at the latest and the union’s new climate objective for 2030; looks forward to the adoption in 2020 of an ambitious climate bank roadmap 2021-25 (cbrm) , which is to include a detailed strategic and operational framework with milestones and a shadow carbon price of at least eur 100/tonne by 2025; calls for all financial intermediaries and corporate clients to have a decarbonisation plan in place by the end of 2021; ### 2. reiterates that all financial flows of the european investment bank (eib) group should be consistent with the goal of achieving net zero emissions by 2050 at the latest and the union’s new climate objective for 2030; welcomes the adoption of an ambitious climate bank roadmap 2021-25 (cbrm) , which includes a detailed strategic and operational framework with milestones;


### 2. underlines the eib’s crucial role in supporting the economic recovery in the short and medium term in conjunction with the next generation eu recovery instrument , the eu’s long-term budget , the european fund for strategic investments (efsi) and other european financial instruments; welcomes the eib’s financial engagement in the efsi as a way to help overcome the investment gap in the eu; welcomes , moreover , the eib’s central role in supplying advisory support under the investeu advisory hub; ### 2. underlines the eib’s crucial role in supporting the economic recovery in the short and medium term in conjunction with the next generation eu recovery instrument , the eu’s long-term budget , the european fund for strategic investments (efsi) and other european financial instruments; notes the eib’s financial engagement in the efsi as a way to help overcome the investment gap in the eu; notes , moreover , the eib’s central role in supplying advisory support under the investeu advisory hub;


### 2. stresses the ‘policy first’ principle underpinning the european fund for sustainable development plus (efsd+) , which should enhance coherence and coordination among the eib , the commission and member states in identifying investment operations that can contribute to sustainable development; ### 2. stresses the ‘policy first’ principle underpinning the european fund for sustainable development plus (efsd+) , which should enhance coherence and coordination among the eib , the commission and member states in identifying investment operations that can contribute to sustainable development and respond to increasing challenges caused by the covid-19 pandemic;


### 3. expects the eib to comply with article 191 of the treaty on the functioning of the european union and to put on hold disbursement , and , if necessary , to withdraw funding , if there is evidence or a serious risk of adverse impacts; expects the eib to conduct thorough monitoring that fully takes into account concerns expressed by concerned parties and stakeholders , in particular those pertaining to human rights violations; ### 3. expects the eib to comply with article 191 of the treaty on the functioning of the european union and , respecting the relevant legal provisions of eib finance contracts , to put on hold disbursement , and , if necessary , to withdraw funding , if there is evidence or a serious risk of adverse impacts; expects the eib to conduct thorough monitoring that fully takes into account concerns expressed by concerned parties and stakeholders , in particular those pertaining to human rights violations;


### 3. calls on the shareholders of the eib to agree on a capital increase , both cash-in and callable in nature; emphasises that a capital increase should go hand in hand with greater transparency and democratic accountability; ### 3. calls on proper discussion and data-driven analysis of the effectiveness of the possibility that the shareholders of the eib agree on a capital increase , both cash-in and callable in nature;


### 3. calls on the eib to maximise additionality and the development impact of its operations outside the union by increasing its engagement in ldcs , enhancing the transparency of operations carried out by financial intermediaries , cooperating with eu delegations , and increasing its presence on the ground where necessary; ### 3. calls on the eib to maximise additionality and the development impact of its operations outside the union by increasing its engagement in ldcs , enhancing the transparency of operations carried out by financial intermediaries , cooperating with eu delegations , and increasing its presence on the ground where necessary in partnership with local institutions , authorities and initiatives and responding adequately to local needs;


### 4. expects the cbrm and the eib’s revised transport lending policy not to fall below the standard of eu taxonomy; calls for no new loans to be granted that hinder the decarbonisation of transport , and , in particular , no new financing to be awarded for the expansion of airports , for increased road capacity , for port expansions in europe and related infrastructure or for the shipping of liquefied natural gas; ### 4. expects the cbrm and the eib’s revised transport lending to align with eu standards; requests the eib to take into account the commission’s strategy for sustainable and smart mobility and other relevant of eu transport policy plans;


### 4. asks the eib as the eu’s public bank to make the utmost concerted efforts to deliver strong , policy-driven financing activity which gives priority to public purpose projects , in particular those that would not otherwise be ‘bankable’ , both within and outside the eu , with a view to addressing the unprecedented global challenges of the decades to come; ### 4. asks the eib as the eu’s public bank to make the utmost concerted efforts to deliver strong , policy-driven financing activity which gives priority to efficient public purpose projects , in particular those that would not otherwise be ‘bankable’ , both within and outside the eu , with a view to addressing the unprecedented global challenges of the decades to come;


### 5. welcomes the review of the eib environmental social standards and calls for a wide and inclusive public consultation; expects all projects to include more comprehensive gender and human rights dimensions and due diligence obligations; calls for the eib to publish ‘know your customer’ checks before approving any project. ### 5. welcomes the review of the eib environmental social standards and calls for a wide and inclusive public consultation;


### — having regard to the commission communication of 11 december 2019 on the european green deal (com(2019)0640) , ### deleted


### — having regard to the commission communication of 14 january 2020 entitled ‘sustainable europe investment plan – european green deal investment plan’ (com(2020)0021) , ### deleted


### — having regard to the adoption of the climate bank roadmap by the eib board of directors on 11 november 2020 and to the eib’s new climate strategy of november 2020 , ### deleted


### — having regard to its resolution of 13 november 2020 on the sustainable europe investment plan – how to finance the green deal4 , ### deleted


### 8. welcomes , in addition , the subsequent creation of the eur 25 billion european guarantee fund (egf) in response to the covid-19 crisis , not least its positive impact in providing financial support to smes and the health sector; suggests that the egf should remain operational beyond 2021; deems it of the utmost importance to step up such initiatives to ensure that funds are reaching the real economy; ### 8. welcomes , in addition , the subsequent creation of the eur 25 billion european guarantee fund (egf) in response to the covid-19 crisis , not least its positive impact in providing financial support to smes and the health sector; stresses that egf was set up to be temporary in nature and will be able to guarantee loans provided until 31 december 2021;


### 10. welcomes the creation of a targeted financing initiative of up to eur 5.2 billion in response to the covid-19 pandemic in order to support countries outside the eu; ### 10. notes the creation of a targeted financing initiative of up to eur 5.2 billion in response to the covid-19 pandemic in order to support countries outside the eu;


### 11. underlines that in the light of the successive waves of covid-19 infections , these instruments will need to be further strengthened and extended; asks the eib to stand ready to launch new supportive financial initiatives; ### 11. underlines that in the light of the successive waves of covid-19 infections , the efficiency of these instruments will need to be scrutinized and enforced;


### becoming the eu climate bank ### deleted


### 12. welcomes the adoption by the eib board of directors of the eib climate bank roadmap for 2021-2025 , which provides a crucial framework to support the implementation of the european green deal and marks a decisive step towards making the eib the eu climate bank , promoting sustainable investments and protecting the environment during the critical decade ahead; ### deleted


### 13. welcomes the proposal to increase eib financing for climate action and environmental sustainability , including renewable energies , from around 30 % to at least 50 % by 2025 , which would unlock investment of more than eur 1 trillion over the next decade; ### 13. questions the proposal to increase eib financing for climate action and environmental sustainability , including renewable energies , from around 30 % to at least 50 % by 2025; underlines the importance of accountability and transparency for bodies that receive and provide eu funding;


### 14. notes , however , that the roadmap envisages the introduction of a transition period until the end of 2022 , which would mean that the eib will not be aligned with the objectives of the paris agreement until 2023 at the earliest; ### 14. notes that the roadmap envisages the introduction of a transition period until the end of 2022 , which would mean that the eib will not be aligned with the objectives of the paris agreement until 2023 at the earliest;


### 16. highlights the crucial role of the eib in meeting the goals of the just transition mechanism and asks for more commitment and concrete action in this respect , namely through structural programme loans , investeu and as a financing partner for the public sector loan facility; ### 16. highlights the role of the eib in meeting the goals of the just transition mechanism;


### 17. considers that investment in innovation , infrastructure and skills are crucial elements to recover from the economic and social crisis , ensure sustainable growth and create high-quality jobs and long-term competitiveness; ### 17. considers that efficient investment in innovation , infrastructure and skills are crucial elements to recover from the economic and social crisis , ensure sustainable growth and create high-quality jobs and long-term competitiveness;


### 20. calls on the eib to play a role in assisting and financing the creation of innovation ecosystems and in promoting place-based industrial transformation , where universities , businesses , smes and start-ups can develop long-lasting partnerships for the common good; ### 20. calls on the eib to play a role in assisting and financing the creation of innovation ecosystems and in promoting place-based industrial transformation , where universities , businesses , smes and start-ups can develop long-lasting partnerships for the common good; warns against the costs in a form of dead-weight loss , shifting of resources and moral hazard; calls the commission to properly scrutinize the economic viability of the eib programs;


### 21. notes that during the ongoing covid-19 crisis , social welfare systems in the member states have come under unprecedented strain; calls on the eib to partner with the commission and member states to strengthen social welfare systems and increase investment in the social sector , including by establishing similar targets for social investment to those for digital and green investments; ### 21. notes that during the ongoing covid-19 crisis , social welfare systems in the member states have come under unprecedented strain;


### 22. calls on the eib to play an active role in helping member states to deliver on the implementation of the european pillar of social rights , while standing ready to align with the forthcoming commission action plan and the social summit in porto; points to the importance of ex-ante and ex-post evaluations of the sustainability , economic , social and environmental impact of projects; ### 22. calls on the eib to play an active role in the social summit in porto; points to the importance of ex-ante and ex-post evaluations of the sustainability , economic , social and environmental impact of projects accompanied by measurable result indicators;


### 23. welcomes the fact that the eib is the largest multilateral lender in the world that strives to support eu external cooperation and development policies; ### 23. notes the fact that the eib is the largest multilateral lender in the world that strives to support eu external cooperation and development policies;


### 24. calls for the eib to prioritise investment in infrastructure that helps third countries to realise the un sustainable development goals and that delivers on social and environmental justice , public services and fair economic opportunities for citizens; ### 24. calls for the eib to realise only an efficient investment in infrastructure that helps third countries to deliver public services and fair economic opportunities for citizens;


### 25. recalls its request for an interinstitutional agreement between the eib and parliament in order to improve access to eib documents and data and enhance democratic accountability; ### 25. notes its request for an interinstitutional agreement between the eib and parliament in order to improve access to eib documents and data and enhance democratic accountability;


### 26. proposes the establishment of a protocol for a memorandum of cooperation between the eib and parliament , applicable with immediate effect , in order to improve interinstitutional dialogue and enhance the eib’s transparency and accountability; ### deleted


### 28. welcomes the eib’s group strategy on gender equality and gender action plan; regrets the fact that women are still not sufficiently represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the action plan in 2021; ### deleted


### 28. welcomes the eib’s group strategy on gender equality and gender action plan; regrets the fact that women are still not sufficiently represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the action plan in 2021; ### 28. welcomes the eib’s group strategy for more gender equality and gender action plan; regrets the fact that women are still not sufficiently represented in managerial and senior office positions; believes that more needs to be done in this regard during the implementation of the second phase of the action plan in 2021; stresses , however , that the strategy seeking greater gender equality must not be pursued at the expense of the substantive quality of management;


### 29. welcomes the fact that the eib will review its environmental and social standards and calls for a wide and inclusive public consultation on these issues; invites the eib to take account of the do-no harm principle in its operations; calls on the eib to take this opportunity to strengthen its human rights policy; ### 29. welcomes the fact that the eib will review its environmental and social standards and calls for a wide and inclusive public consultation on these issues;


### 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-taking 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; ### 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 , increased 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;


### 2. reiterates the need to reduce the inequalities in the geographical distribution of eib financing , given that 57% went to six member states in 2018; calls for a fair and transparent geographical distribution of projects and investment , with a special focus on less-developed regions; ### 2. reiterates the need to improve the geographical distribution of eib financing; calls for an enhanced geographical distribution of projects and investments; calls for the eib to address systemic shortcomings that prevent certain regions or countries from taking full advantage of the eib's financial activities considering the market and demand driven nature of eib financing;


### 2. welcomes 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 2020; calls on the commission to present an ambitious new european sustainable investment plan , including additional financial commitments , as soon as possible , and to fully support the eib in its sustainability ambitions; ### 2. notes 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 eib financing activities with the goals of the paris agreement in a timeframe which does not undermine the eib's other commitments; calls on the commission to present an ambitious new european sustainable investment plan , taking 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;


### 2. welcomes 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 2020; calls on the commission to present an ambitious new european sustainable investment plan , including additional financial commitments , as soon as possible , and to fully support the eib in its sustainability ambitions; ### 2. takes notes of the commitment by the commission president 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 2020;


### 3. calls on the eib to greatly strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval , in order to improve accessibility and involve all member states; ### 3. calls for adequate support to strengthen the arrangements for providing technical assistance and financial expertise to local and regional authorities before project approval , in order to improve accessibility and involve all member states; underlines that projects are selected based on economic , environmental , technical and most of all financial merits;


### 3. stresses that in order for the eib to become the eu’s climate bank , it should stop all financial support to fossil fuel projects by the end of 2020 , and align all 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 support; 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; ### 3. stresses that in order for the eib to be considered a credible , reliable source of investment in the european economy , its goals must not be politicized and its investments must be based primarily on the effect they have on growth and employment; stresses that given that europe appears likely to enter another recession within the foreseeable future , the eib's main focus ought to be on growth- and employment-promoting measures;


### 3. stresses that in order for the eib to become the eu’s climate bank , it should stop all financial support to fossil fuel projects by the end of 2020 , and align all 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 support; 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; ### 3. notes the decision taken by the board of directors of the eib to end financing for most fossil fuel energy projects from the end of 2021 and to gradually increase 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;


### 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; ### 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;


### 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; ### deleted


### 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; ### 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 take into account the eu’s sustainability objectives;


### 5. calls on the eib group to be more transparent about its economic operations , its use of the eu budget guarantee , the additionality of eib operations and on possible future plans for a development subsidiary at the eib , and for the eib group to improve its accountability on these issues; calls for a memorandum of understanding between the eib and parliament to improve access to eib documents and data related to strategic orientation and financing policies in the future in order to strengthen the bank’s accountability. ### 5. calls on the eib group to be more transparent about its economic operations , its use of the eu budget guarantee , the additionality of eib operations and on possible future plans for a development subsidiary at the eib , and for the eib group to improve its accountability on these issues; calls for a memorandum of understanding between the eib and parliament to improve access to eib documents and data related to strategic orientation and financing policies in the future in order to strengthen the bank’s accountability. calls for funding for the eib to be conditional on the eib taking appropriate measures to improve transparency and accountability;


### 8. calls for a detailed roadmap to be drawn up in 2020 to reach the overall target of 50% climate lending by 2025 , as well as guarantees regarding the climate neutrality of the remaining loans , following an open and transparent public consultation process; ### 8. calls for the eib to extensively inform stakeholders and the wider audience on the manner in which the eib intends to reach the overall target of 50% climate lending by 2025 , as well as how the eib will fully take on board the climate considerations of the remaining loans;


### 9. calls for a strengthening of the eligibility criteria for climate action in order to avert the risk of investments not resulting in significant reductions in greenhouse gases (ghg) , in particular with regard to bioenergy , low-carbon gases , carbon capture and storage and compensation programmes; considers that a general anti-abuse provision should support all eib operations and be included in its declaration on environmental and social standards , which needs to be reviewed in 2020 and aligned with the 1.5°c global warming objective; ### 9. calls for the thorough application of the eligibility criteria for climate action in order to avert the risk of investments not resulting in significant reductions in greenhouse gases (ghg) , in particular with regard to bioenergy , low-carbon gases , carbon capture and storage and compensation programmes;


### 10. is alarmed that of the 20 largest energy lending projects in 2017 , only six included their carbon footprint in their environmental and social data sheets; ### deleted


### 11. welcomes the new eib carbon footprint evaluation methodology and calls for its systematic implementation , with a particular focus on marginal demand emissions and indirect emissions (‘type 3’); calls for projects to be evaluated comprehensively and not merely by means of an economic life-cycle analysis of their emissions; ### 11. welcomes the new eib carbon footprint evaluation methodology and calls for an extended implementation , with a particular focus on marginal demand emissions and indirect emissions (‘type 3’); calls for projects to be evaluated comprehensively and not merely by means of an economic life-cycle analysis of their emissions;


### 12. is of the opinion that the eib should require its intermediary clients to disclose their exposure to fossil fuels , and should apply restrictions to heavily exposed intermediaries; expects that , by the end of 2020 , all intermediaries will have a decarbonisation plan , which is indispensable for their financing to continue; ### 12. is of the opinion that the eib should support and stimulate its intermediary clients to develop products that e.g. incentivise energy efficiency , renewable energy investments or circular , low carbon investments; believes the eib should continue “greening” its sme portfolio e.g. earmarking higher shares to climate related projects;


### 13. is of the opinion that , in line with best practices in the commercial banking sector3 , eib financing should be subject to ambitious scientific objectives and commitments , with a view to phasing out its support to clients whose activities lead to significant ghg emissions; ### 13. welcomes the fact that eib financing is subject to ambitious scientific objectives and commitments , with a view to phasing out its support to clients whose activities lead to significant ghg emissions;


### 14. welcomes the new eib energy lending policy and the example it sets for other banks; regrets that exceptions are applicable to the approval of gas projects until the end of 2021 and that support for gas projects planned for the transport of low-carbon gases is set to continue; calls for this policy to be reviewed in the medium term (by the start of 2022) to close the gaps in gas infrastructure to bring it in line with the european sustainable finance taxonomy and the european green pact , and to be consistent with the development of appropriate new external actions in the eu; ### 14. welcomes the new eib energy lending policy and the example it sets for other banks; welcomes that exceptions are applicable to the approval of gas projects until the end of 2021 and that support for gas projects planned for the transport of low-carbon gases is set to continue; calls for this policy to be reviewed in the medium term (by the start of 2022) to close the gaps in gas infrastructure to bring it in line with the european sustainable finance taxonomy and the european green pact , and to be consistent with the development of appropriate new external actions in the eu;


### 15. insists that the eib urgently and fully implement the principle of energy efficiency in all its energy lending , taking into account the impact of energy efficiency on future demand and its contribution to energy security; ### 15. insists that the eib urgently implement the principle of energy efficiency in its energy lending , taking into account the impact of energy efficiency on future demand and its contribution to energy security;


### 16. calls on the eib to make the review of its transport policy a key priority; calls for a new transport financing policy to decarbonise the eu transport sector by 2050; ### 16. looks forward to the eib's review of its transport policy to be announced later this year; calls for a new transport financing policy to decarbonise the eu transport sector by 2050;


### 17. calls for rigorous policies to be implemented in carbon-intensive industrial sectors in which the eib is active , such as cement , petrochemicals and steel , with a view to phasing out all ‘brown’ loans and aligning all sectoral loans , focusing on the promotion of a circular economy; ### 17. calls for new policies to be implemented in carbon-intensive industrial sectors in which the eib is active , such as cement , petrochemicals and steel , with a view to focusing on the sustainability of these sectors and carefully weighing the consequences of any termination of ongoing contracts , focusing on the promotion of a circular economy;


### 18. reminds the eib that biodiversity protection is a key element of adaptation to climate change and that the restoration of ecosystems is the only proven technology when it comes to negative emissions; calls on the eib to commit to ending the financing of projects which contribute to the loss and degradation of biodiversity and ecosystems , and to increase substantially its funding to achieve the eu’s objectives in this area , in particular the objective of zero net deforestation and the objectives of marine and coastal protection; ### 18. reminds the eib that biodiversity protection is a key element of adaptation to climate change and that the restoration of ecosystems is the only proven technology when it comes to negative emissions; calls on the eib to systematically integrate biodiversity externalities into its economic appraisal and to substantially increase its commitment to achieve the eu’s objectives in this area , in particular the objective of zero net deforestation and the objectives of marine and coastal protection;


### 22. stresses that , in order to achieve these ambitions , the eib may need to take further risks , in addition to increasing its own funds and building expertise in innovative financing instruments; calls for the eib to ensure it has adequate resources , including appropriate capitalisation , to enable it to use innovative instruments to finance projects with significant potential to produce sustainable , social and innovative gains; ### 22. stresses that , in order to achieve these ambitions , the eib may need to take further risks , in addition to increasing its own funds and building expertise in innovative financing instruments; calls on the member states to ensure the eib has adequate resources , including appropriate capitalisation , to enable it to use innovative instruments to finance projects with significant potential to produce sustainable , social and innovative gains;


### 23. urges the eib , the largest multilateral lender in the world , to maintain its leading role in future eu financing mechanisms for third countries; opposes the recent initiatives to encourage the eib to be more active in defence and security , migration management and border control; ### 23. urges the eib , the largest multilateral lender in the world , to maintain its leading role in future eu financing mechanisms for third countries; notes the recent initiatives to encourage the eib to be more active in defence and security , migration management and border control;


### 26. urges the eib to adopt a comprehensive and coherent human rights strategy , which includes the risk of reprisals against human rights defenders; recommends that this strategy include the systematic assessment of human rights risks , including an ex-ante evaluation , and continuous monitoring on the ground; calls on the eib to include in its contracts clauses allowing for the suspension of disbursements in the case of serious violations of human rights or environmental and social standards; ### deleted


### 29. welcomes the fact that , as recommended in the latest parliament reports , public summaries are now to be made of management board meetings; stresses the need to publish the content of meetings of all the eib’s governing bodies systematically; ### 29. welcomes the fact that , as recommended in the latest parliament reports , public summaries are now to be made of management board meetings and of the efsi operation scoreboard for projects supported by the efsi guarantee , understands however that certain limits apply with regard to document transparency to ensure protection of confidential information provided by eib's clients and project partners;


### 30. asks the eib to publish all information relating to direct loans subject to the approval of the management board , including by publishing for each project the opinion of the commission and that of the member state in which the project is located; ### deleted


### 32. calls for the eib to ensure the highest level of integrity of its financial intermediaries , and that their loans be subject to the same transparency requirements as other types of loan; calls on the eib to cease working with financial intermediaries with a negative track record of transparency , fraud , corruption , organised crime or money laundering; ### 32. welcomes that intermediary operations are subject to the same transparency requirement as other types of loans based on the eib’s transparency policy; calls on the eib to cease working with financial intermediaries with a negative track record of transparency , fraud , corruption , organised crime or money laundering;


### 39. calls as a matter of urgency for parliament’s powers be strengthened as regards the strategic direction and policies of the eib , in order to ensure democratic scrutiny of investments; ### deleted


### 2. is of the view that all citizens expect european solidarity to be shown when disasters occur; ### 2. is of the view that all citizens expect european solidarity to be shown when disasters or serious health emergencies occur;


### 4. draws attention to events such as covid-19 , which is severely affecting all of europe , forest fires across the continent , including in unusual places such as the arctic , and the series of violent earthquakes in europe , particularly in italy in 2016-2017 , causing hundreds of deaths and some eur 22 billion in damage , and in croatia in march 2020; points out , moreover , that storms , extreme rainfall and flooding have caused considerable damage in many cities and valleys , and that increasingly violent hurricanes have caused devastation in the outermost regions , such as hurricane irma in 2017 in saint-martin , and hurricane lorenzo in 2019 in the azores , which were particularly destructive; ### 4. draws attention to events such as covid-19 , which is severely affecting all of europe , forest fires across the continent , including in unusual places such as the arctic , and the series of violent earthquakes in europe , particularly in italy in 2016-2017 , causing hundreds of deaths and some eur 22 billion in damage , and in croatia in march 2020; points out , moreover , that storms , extreme rainfall and flooding have caused considerable damage in many cities and valleys , and that increasingly violent hurricanes have caused devastation in the outermost regions , such as hurricane irma in 2017 in saint-martin , and hurricane lorenzo in 2019 in the azores , which were particularly destructive; also recalls that it is necessary not to underestimate the problem of infectious plant diseases , such as xylella fastidiosa , which cause considerable damage to the environment and regional economies;


### 5. points out that it is vital that aid and funds be sent every more rapidly to affected regions , and that links with the union civil protection mechanism (ucpm) and the erdf climate-change adaptation component are essential in order to create a comprehensive package; ### 5. points out that it is vital that aid and funds be sent every more rapidly and easily to affected regions , and that links with the union civil protection mechanism (ucpm) and the erdf climate-change adaptation component are essential in order to create a comprehensive package;


### a. whereas the european union solidarity fund (eusf) , established by council regulation (ec) no 2012/2002 in order to provide financial assistance to member states and accession countries undergoing major disasters , represents true european added value and the materialisation of a will , that has sometimes been lacking , to provide mutual assistance at union level; ### a. whereas the european union solidarity fund (eusf) , established by council regulation (ec) no 2012/2002 in order to provide financial assistance to member states and accession countries undergoing major disasters or major public health emergencies , represents true european added value and the materialisation of a will , that has sometimes been insufficient or lacking , to provide mutual assistance and solidarity at union level;


### e. noting the usefulness of the eusf , highlighted by the commission’s evaluation , in particular as regards reducing the burden on local authorities facing significant damage as a result of natural disasters; ### e. noting the usefulness of the eusf , highlighted by the commission’s evaluation , in particular as regards reducing the burden on local authorities facing significant damage as a result of natural disasters or health emergencies;


### 1. expresses its deep concern that extreme weather events and natural disasters will only increase and intensify alongside climate change; ### 1. expresses its concern that extreme weather events and natural disasters will only increase and intensify alongside climate change;


### 19. considers that the establishment of a sear may have the advantage of some flexibility , but notes that , in its current form , the eusf allocation remains uncertain , since it depends on the amounts mobilised by the ear; undertakes , accordingly , closely to monitor the management of the sear in order to see whether the funding amount and allocation key provided for in this new financial instrument meet the needs of the eusf , in view of the extension of its scope and the scale and proliferation of emergencies resulting , in particular , from climate change; ### 19. considers that the establishment of a sear may have the advantage of some flexibility , but notes that , in its current form , the eusf allocation remains uncertain , since it depends on the amounts mobilised by the ear; undertakes , accordingly , closely to monitor the management of the sear in order to see whether the funding amount and allocation key provided for in this new financial instrument meet the needs of the eusf , in view of the extension of its scope and the scale and proliferation of emergencies resulting , in particular from natural disasters , climate change and the health emergency;


### 22. notes with regret that it takes on average one year for the entire grant to reach the beneficiary and that the fund cannot therefore , under the current conditions , claim to act as an instrument for rapid intervention; calls on the commission to expedite payment procedures and to explore ways of simplifying , as much as possible , the administrative procedures required to access aid , in order to relieve disaster-stricken regions or countries from unnecessary administrative burdens; ### 22. notes with regret that it takes on average one year for the entire grant to reach the beneficiary and that the fund cannot therefore , under the current conditions , claim to act as an instrument for rapid intervention; calls on the commission to expedite payment procedures and to explore ways to simplify and make flexible , as much as possible , the administrative procedures required to access aid , in order to relieve disaster-stricken regions or countries from unnecessary administrative burdens;


### 22. notes with regret that it takes on average one year for the entire grant to reach the beneficiary and that the fund cannot therefore , under the current conditions , claim to act as an instrument for rapid intervention; calls on the commission to expedite payment procedures and to explore ways of simplifying , as much as possible , the administrative procedures required to access aid , in order to relieve disaster-stricken regions or countries from unnecessary administrative burdens; ### 22. notes with regret that it takes on average one year for the entire grant to reach the beneficiary and that the fund cannot therefore , under the current conditions , claim to actas an instrument for rapid intervention; calls on the commission to expedite payment procedures and to explore ways to simplify and make flexible , as much as possible , the administrative procedures required to access aid , in order to relieve disaster-stricken regions or countries from unnecessary administrative burdens;


### 23. believes that , in the future , the eusf budget will have to be increased in order to make it a real tool for eu solidarity; ### 23. believes that , in the future , the eusf budget will have to be increased in order to make it a real tool for eu solidarity; to this end , believes that the eusf is not only used for damage repair but also for resilience in relation to climate change , natural disasters and public health emergencies in order to exit stronger from the disaster situation;


### 26. calls on the commission to strengthen synergies between the eusf and cohesion funds , as well as with the ucpm , with a view to effective and structured risk management in the short , medium and long term , not only through the construction of sustainable , energy- and resource-efficient infrastructure , but also through the deployment of preventive measures; ### 26. calls on the commission to strengthen synergies between the eusf and cohesion funds , as well as with the ucpm , with a view to effective and structured risk management in the short , medium and long term , not only through the construction of sustainable , energy- and resource-efficient infrastructure , but also through the deployment of preventive measures; also calls on the commission to demonstrate flexibility with programming and amending of nationals operational programmes when they comes to dealing with natural disasters;


### 1. is deeply concerned that currently none of the nationally determined contributions (ndcs) submitted , including those of the union and its member states , are in line with the objective of pursuing efforts to limit the global temperature increase to 1.5°c above pre-industrial levels; ### 1. is deeply concerned that currently none of the nationally determined contributions(ndcs) submitted , including those of the union and its member states , are in line with the objective of pursuing efforts to limit the global temperature increase to 1.5°c above pre-industrial levels; and notes that population relocations within the eu contribute to population growth in countries of origin and thus to global overpopulation , leading to environmental destruction;


### 1. is deeply concerned that currently none of the nationally determined contributions (ndcs) submitted , including those of the union and its member states , are in line with the objective of pursuing efforts to limit the global temperature increase to 1.5°c above pre-industrial levels; ### 1. is concerned that currently none of the nationally determined contributions (ndcs) submitted , including that of the union , are in line with the paris agreement's long-term temperature goal;


### 1. is deeply concerned that currently none of the nationally determined contributions (ndcs) submitted , including those of the union and its member states , are in line with the objective of pursuing efforts to limit the global temperature increase to 1.5°c above pre-industrial levels; ### 1. notes that currently none of the nationally determined contributions (ndcs) submitted , including those of the union and its member states , are in line with the objective of pursuing efforts to limit the global temperature increase to 1.5°c above pre-industrial levels;


### 1. believes that the main aim of the carbon border adjustment mechanism (cbam) should be to support the eu’s green objectives by fighting carbon leakage; ### 1. believes that the main aim of the carbon border adjustment mechanism (cbam) should be to support the eu’s green objectives by fighting global ghg emissions , enabling just transition and pursuing the key objective of the strategic resilience of the eu;


### 1. believes that the main aim of the carbon border adjustment mechanism (cbam) should be to support the eu’s green objectives by fighting carbon leakage; ### 1. believes that the main aim of the carbon border adjustment mechanism (cbam) should be to support the eu’s green objectives by fighting carbon leakage , without violating wto-compatibility;


### 1. welcomes the paris agreement , the green deal and the goal of achieving climate neutrality by 2050; notes the lack of international climate efforts; believes that an eu carbon border adjustment mechanism (‘the mechanism’) could incentivise international efforts to combat climate change; ### 1. acknowledges the paris agreement , the green deal and the eu collective goal of achieving climate neutrality by 2050; notes the lack of international climate efforts; believes that an eu carbon border adjustment mechanism (‘the mechanism’) could incentivise international efforts to combat climate change;


### — having regard to the agreement adopted at the 21st conference of the parties to the unfccc (cop21) in paris on 12 december 2015 (the paris agreement) , ### deleted


### — having regard to the commission communication of 11 december 2019 on ‘the european green deal’ (com(2019)0640) , ### deleted


### — having regard to its resolution of 15 january 2020 on the european green deal1 , ### deleted


### a. whereas the adverse impacts of climate change represent a direct threat to human livelihoods and ecosystems , as confirmed by the special report by the intergovernmental panel on climate change (ipcc) on global warming of 1.5°c; ### a. whereas the adverse impacts of climate change represent a direct threat to human livelihoods and ecosystems , as confirmed by the special report by the intergovernmental panel on climate change (ipcc) on global warming of 1.5°c; whereas carbon dioxide is a prerequisite for all growth and a natural , colourless , odourless and tasteless atmospheric gas; whereas the increasing carbon dioxide is accelerating growth and that a warm climate cycle can be a positive thing for much of northern europe;


### b. whereas the average global temperature has already risen by about 1.1°c above pre-industrial levels; ### b. whereas the average global temperature has already risen by about 1.1°c above pre-industrial levels; whereas the relationship between temperature variation and carbon dioxide has not been demonstrated;


### c. whereas the union and its member states are committed to delivering climate action on the basis of the latest available scientific evidence; ### c. whereas the union and its member states are committed to delivering climate action on the basis of the latest available scientific evidence; whereas many measures , such as the denial of nuclear power and stricter regulations than the eu's competitors , have increased the use of fossil energy worldwide;


### d. whereas ensuring effective and meaningful carbon pricing , as part of a broader regulatory environment , can act as an economic incentive to spur investments in the decarbonisation of the union’s economy; ### d. whereas ensuring effective and meaningful fossil carbon dioxide pricing , as part of a broader regulatory environment , can act as an economic incentive to spur investments in the decarbonisation of the union’s economy;


### e. whereas existing carbon leakage provisions under union law have failed to demonstrate their effectiveness in delivering the necessary decarbonisation of the sectors concerned; ### deleted


### e. whereas existing carbon leakage provisions under union law have failed to demonstrate their effectiveness in delivering the necessary decarbonisation of the sectors concerned; ### e. whereas existing carbon leakage provisions under union law have proved to be inadequate in delivering the necessary carbon leakage protection to of the sectors concerned; whereas priority must be given to amending existing decisions which undermine the competitiveness of the internal market and , in addition , to imposing import duties;


### 2. strongly deplores the non-cooperative and disloyal behaviour of some of the union’s trade partners in international climate negotiations , as recently observed at cop25; considers that this behaviour hampers our collective global ability to reach the objectives of the paris agreement; ### deleted


### 2. strongly deplores the non-cooperative and disloyal behaviour of some of the union’s trade partners in international climate negotiations , as recently observed at cop25; considers that this behaviour hampers our collective global ability to reach the objectives of the paris agreement; ### 2. strongly deplores the non-cooperative and disloyal behaviour of some of the union’s trade partners in international climate negotiations , as recently observed at cop25; considers that this behaviour hampers our collective global ability to reach the objectives of the paris agreement; stresses that while co2-emissions in many 3rd countries have increased , the eu-27 emissions have decreased; notes that the eu must not compromise the competitiveness of its own industry by giving a competitive advantage to non-eu production;


### 2. strongly deplores the non-cooperative and disloyal behaviour of some of the union’s trade partners in international climate negotiations , as recently observed at cop25; considers that this behaviour hampers our collective global ability to reach the objectives of the paris agreement; ### 2. takes note of the non-cooperative and disloyal behaviour of some of the union’s trade partners in international climate negotiations , as recently observed at cop25; considers that this behaviour hampers our collective global ability to reduce ghg emissions;


### 2. proposes that the cbam be implemented as an extension of the eu emissions trading system (eu ets) , which would require importers to purchase allowances for the volume of carbon emissions incorporated in their products; notes that the mechanism should ensure a single carbon price , both for domestic producers and importers; ### 2. proposes that the cbam be implemented as an extension of the eu emissions trading system (eu ets) , which would require importers to purchase allowances for the volume of carbon emissions incorporated in their products; notes that the mechanism should ensure a single carbon price , both for domestic producers and importers; as a result , the total amount of emission allowances would increase correspondingly in order to avoid a sudden leap in prices;