### a reduction target should be set for 2025 as a relative reduction based on the average co2 emissions of those heavy - duty vehicles in 2019 , reflecting the deployment of readily available cost - effective technologies for conventional vehicles . the 2030 target should be considered aspirational and the final target should be determined pursuant to a review to be carried out in 2022 as there are more uncertainties on the uptake of more advanced technologies which are not yet readily available . ### a reduction target should be set for 2025 as a relative reduction based on the average co2 emissions of those heavy - duty vehicles in 2019 , reflecting the deployment of readily available , accessible , cost - effective technologies for conventional vehicles . the 2030 target should be considered aspirational and the final target should be determined pursuant to a review to be carried out in 2022 as there are more uncertainties on the uptake of more advanced technologies which are not yet readily available .


### a robust compliance mechanism is necessary in order to ensure that the targets under this regulation are met . the obligations placed on manufacturers to deliver accurate data pursuant to regulation no … / 2018 [ monitoring & reporting hdv ] and the administrative fines that may be imposed in the case of non - compliance with that obligation , contributes to ensuring the robustness of the data used for target compliance purposes under this regulation . ### a robust compliance mechanism is necessary in order to ensure that the targets under this regulation are met . the obligations placed on manufacturers to deliver accurate data pursuant to regulation no … / 2018 [ monitoring & reporting hdv ] and the administrative fines that may be imposed in the case of non - compliance with that obligation , contributes to ensuring the robustness of the data used for target compliance purposes under this regulation . it is in the interest of consumers and the general public to know which manufacturers are or are not complying with the new emission standards .


### the effectiveness of the targets set out in this regulation in reducing co2 emissions is strongly dependent on the representativeness of the methodology used for determining the co2 emissions . in line with the opinion of the scientific advice mechanism 27as regards light duty vehicles , it is appropriate also in the case of heavy - duty vehicles to put in place a mechanism to assess the real - world representativeness of the co2 emissions and energy consumption values determined pursuant to regulation 2017 / 2400 . the commission should have the powers to ensure the public availability of such data and , where necessary , develop the procedures needed for identifying and collecting the data required for such assessments . _________________ 27 high level group of scientific advisors , scientific opinion 1 / 2016 “closing the gap between light - duty vehicle real - world co2 emissions and laboratory testing” ### the effectiveness of the targets set out in this regulation in reducing co2 emissions is strongly dependent on the representativeness of the methodology used for determining the co2 emissions . in line with the opinion of the scientific advice mechanism 27as regards light duty vehicles , it is appropriate also in the case of heavy - duty vehicles to put in place a mechanism to assess the real - world representativeness of the co2 emissions and energy consumption values determined pursuant to regulation 2017 / 2400 . the commission should have the powers to ensure the public availability of such data and , where necessary , develop the procedures needed for identifying and collecting the data required for such assessments . ideally , such data should also be transmitted by compulsory standard fuel consumption gauges to be installed on all heavy - duty vehicles . _________________ 27 high level group of scientific advisors , scientific opinion 1 / 2016 “closing the gap between light - duty vehicle real - world co2 emissions and laboratory testing”


### ‘ vocational vehicle’ means a heavy - duty vehicle not intended for the delivery of goods and for which the co2 emissions and fuel consumption have been determined , in accordance with regulation no 595 / 2009 and its implementing measures , only for other mission profiles than those defined in point 2 . 1 of annex i to this regulation ; ### ‘ vocational vehicle’ means a heavy - duty vehicle not intended for the delivery of goods , whose vocational purpose has been defined based on the technical criteria specified in accordance with article 2 , paragraph 2a , and for which the co2 emissions and fuel consumption have been determined , in accordance with regulation no 595 / 2009 and its implementing measures , only for other mission profiles than those defined in point 2 . 1 of annex i to this regulation ;


### the amounts of the excess emissions premium shall be considered as revenue for the general budget of the union . ### the amounts of the excess emissions premium shall be considered as revenue for the general budget of the union and shall be earmarked for policy measures , conducted in close cooperation with social partners , promoting re - skilling and redeployment in the automotive sector in order to contribute to a just transition to a low - carbon economy .


### by 31 december 2022 , the commission shall submit a report to the european parliament and the council on the effectiveness of this regulation , the co2 reduction target to be determined for 2030 pursuant to article 1 and the setting of co2 reduction targets to other types of heavy - duty vehicles including trailers . that report shall also include an assessment of the effectiveness of the modalities addressing , in particular , zero - and low - emission vehicles , notably buses taking into account the targets set out in directive 2009 / 33 / ec30 , and the co2 credit system and the appropriateness of prolonging the application of those modalities in 2030 and beyond and , where appropriate , be accompanied by a proposal for amending this regulation . _________________ 30 clean vehicle directive 2009 / 33 / ec as amended by directive … / … / eu ### by 31 december 2022 , the commission shall submit a report to the european parliament and the council on the effectiveness of this regulation . that report shall also include an assessment of inter alia : the co2 reduction target to be determined for 2030 pursuant article 1 , that in any case shall be only revised upwards . the setting of co2 reduction targets to other types of heavy - duty vehicles , including vehicles of categories m2 and m3 , vehicles of the category n that do not meet the characteristics set out in point a ) to d ) of article 1 and do not fall within the scope or regulation no 510 / 2011 , as well as to vehicles of the categories o3 and o4 . the effectiveness of the binding 2030 minimum share of zero emission buses referred to in article 1 a . the effectiveness of the modalities addressing zero - and low - emission vehicles , considering their deployment in the union market as well as the roll - out of recharging and refuelling infrastructure , and taking into account the targets set out in directive 2009 / 33 / ec30 . the effectiveness of the 5% benchmark determined for 2026 pursuant to article 5 paragraph 3a , that in any case shall be only revised upwards . the effectiveness of the modalities related to the co2 emission credit and debt system pursuant to article 7 , including assessing the need of differentiating between vehicle subgroups and the appropriateness of prolonging the application of those modalities in 2030 and beyond , as well as the possibility of replacing them with similar flexibilities . the real - world representativeness of the co2 emissions and fuel consumption values determined in accordance with regulation 2017 / 2400 . the robustness of the reference co2 emissions . the report shall be accompanied by 31 december 2024 : –by a legislative proposal setting co2 engine standards for vocational vehicles ; –and , if appropriate , by a study on how to move from a tail - pipe approach standard to a well to wheel standard on co2 regulations . _________________ 30 clean vehicle directive 2009 / 33 / ec as amended by directive … / … / eu


### ‘ a procedure to verify , on the basis of appropriate and representative samples , whether vehicles that have been registered and entered into service are in conformity with the co2 emissions and fuel consumption values determined pursuant to this regulation and its implementing measures ; ’ ### ‘ a procedure to verify , on the basis of appropriate and representative samples , whether vehicles that have been registered and entered into service are in conformity with the co2 emissions and fuel consumption values determined pursuant to this regulation and its implementing measures ; that procedure shall also be carried on by accredited and independent third parties in accordance with article 13 of regulation 585 / 2018 . ’


### for each manufacturer and calendar year , the zero - and low - emission factor referred to in article 5 shall be calculated as follows : ### for each manufacturer and each calendar year from 2020 until 2025 , the zero - and low - emission factor referred to in article 5 shall be calculated as follows :


### vout is the total number of zero - emission heavy - duty vehicles of the categories referred to in in the second sub - paragraph of article 2 , multiplied by 2 , and with a maximum of 1 , 5% of vconv . ### vout is the total number of zero - emission heavy - duty vehicles of the categories referred to in in the second sub - paragraph of article 2 , multiplied by 2 , and with a maximum of 0 . 75 % of vconv .


### rf is the co2 reduction target as specified in article 1 and for the specific calendar year ; ### rf is the co2 reduction target as specified in points and of the first subparagraph of article 1 for the specific calendar year ;


### in order to achieve smart , sustainable and inclusive growth and to stimulate job creation , the union needs an up - to - date , high - performance infrastructure to help connect and integrate the union and all its regions , in the transport , telecommunications and energy sectors . those connections should help to improve the free movement of persons , goods , capital and services . the trans - european networks should facilitate cross - border connections , foster greater economic , social and territorial cohesion and contribute to a more competitive social market economy and to combating climate change . ### in order to achieve smart , sustainable and inclusive growth and to stimulate new job creation , the union needs an up - to - date , high - performance infrastructure that must help connect and integrate the union and all its regions , in the transport , telecommunications and energy sectors . those connections must help to improve the free movement of persons , goods , capital and services . the trans - european networks must facilitate cross - border connections , taking account of economic developments and trends in the services sector , foster greater economic , social and territorial cohesion and contribute to a more competitive social market economy and to combating climate change .


### the programme should aim at supporting climate change , environmentally and socially sustainable projects and , where appropriate , climate change mitigation and adaptation actions . in particular , the contribution of the programme to achieving the goals and objectives of the paris agreement as well as the proposed 2030 climate and energy targets and long - term decarbonisation objective should be reinforced . ### the programme must aim at supporting climate change , environmentally and socially sustainable projects and , focusing on programmes to prevent and combat the medium and long - term impact , seeking to achieve climate change mitigation and adopt suitable adaptation actions . in particular , the contribution of the programme to achieving the goals and objectives of the paris agreement as well as the proposed 2030 climate and energy targets and long - term decarbonisation objective should be reinforced .


### the trans - european transport network guidelines as laid down in regulation no 1315 / 2013 of the european parliament and of the council19 identify the infrastructure of the ten - t , specify the requirements to be fulfilled by it and provide for measures for their implementation . those guidelines envisage , in particular , the completion of the core network by 2030 through the creation of new infrastructure as well as the substantial upgrading and rehabilitation of existing infrastructure . _________________ 19 regulation no 1315 / 2013 of the european parliament and of the council of 11 december 2013 on union guidelines for the development of the trans - european transport network and repealing decision no 661 / 2010 / eu . ### the trans - european transport network guidelines as laid down in regulation no 1315 / 2013 of the european parliament and of the council19 identify the infrastructure of the ten - t , specify the requirements to be fulfilled by it and provide for measures for their implementation . those guidelines envisage , in particular , the completion of the core network by 2030 through the creation of new infrastructure and new cross - border connections , as well as the substantial upgrading and rehabilitation of existing infrastructure . _________________ 19 regulation no 1315 / 2013 of the european parliament and of the council of 11 december 2013 on union guidelines for the development of the trans - european transport network and repealing decision no 661 / 2010 / eu .


### in its communication ' a stronger and renewed strategic partnership with the eu ' s outermost regions ' 26 , the commission highlighted the outermost regions ' specific transport needs and the necessity to provide union funding to match these needs , including through the programme . _________________ 26 com623 ### in its communication ' a stronger and renewed strategic partnership with the eu ' s outermost regions ' 26 , the commission highlighted the outermost regions ' specific transport needs and the necessity to provide union funding to match these needs , including through the programme . in the memorandum on the outermost regions of june 2017 , the commission stresses the importance of creating a transport network which takes into account the reality in the ors and incorporates measures on overland , maritime and air transport - including incentives for the development of intermodal transport - that are duly adapted to suit them , in accordance with article 340 of the tfeu . _________________ 26 com623


### directive [ recast renewables directive ] stresses the need to set up an enabling framework comprising the enhanced use of union funds , with explicit reference to enabling actions to support cross - border cooperation in the field of renewable energy . ### directive [ recast renewables directive ] stresses the need to set up an enabling framework comprising the enhanced use of union funds , with explicit reference to enabling actions to support the implementation of cross - border cooperation projects in the field of renewable energy .


### the achievement of the digital single market relies on the underlying digital connectivity infrastructure . the digitalisation of european industry and the modernisation of sectors like transport , energy , healthcare and public administration depend on universal access to reliable , affordable , high and very high capacity networks . digital connectivity has become one of the decisive factors to close economic , social and territorial divides , supporting the modernisation of local economies and underpinning the diversification of economic activities . the scope of intervention of the programme in the area of digital connectivity infrastructure should be adjusted to reflect its increasing importance for the economy and the society at large . therefore , it is necessary to set out the digital connectivity infrastructure projects of common interest needed to meet union ' s digital single market objectives , and to repeal regulation no 283 / 2014 of the european parliament and of the council29 . _________________ 29 regulation no 283 / 2014 of the european parliament and of the council of 11 march 2014 on guidelines for trans - european networks in the area of telecommunications infrastructure and repealing decision no 1336 / 97 / ec . ### the achievement of the digital single market relies on the underlying digital connectivity infrastructure . the digitalisation of european industry and the modernisation of sectors like transport , energy , healthcare and public administration depend on universal access to reliable , affordable , high and very high capacity networks . digital connectivity has become one of the decisive factors to close economic , social and territorial divides , supporting the modernisation of local economies and underpinning the diversification of economic activities . the scope of intervention of the programme in the area of digital connectivity infrastructure should be adjusted to reflect its increasing importance for the economy and the society at large . therefore , it is necessary to set out the cross - border and other digital connectivity infrastructure projects of common interest needed to meet union ' s digital single market objectives , and to repeal regulation no 283 / 2014 of the european parliament and of the council29 . _________________ 29 regulation no 283 / 2014 of the european parliament and of the council of 11 march 2014 on guidelines for trans - european networks in the area of telecommunications infrastructure and repealing decision no 1336 / 97 / ec .


### schools , universities , libraries , local , regional or national administrations , main providers of public services , hospitals and medical centres , transport hubs and digitally intensive enterprises are entities and places that can influence important socio - economic developments in the area where they are located . such socio - economic drivers need to be at the cutting edge of gigabit connectivity in order to provide access to the best services and applications for european citizens , business and local communities . the programme should support access to gigabit connectivity for these socio - economic drivers with a view to maximising their positive spill - over effects on the wider economy and society , including by generating wider demand for connectivity and services . ### schools , universities , libraries , local , regional or national administrations , main providers of public services , hospitals and medical centres , transport hubs and digitally intensive enterprises are entities and places that can influence important socio - economic developments in the area where they are located . such socio - economic drivers need to be at the cutting edge of gigabit connectivity in order to provide access to the best services and applications for european citizens , business and local communities . the programme should support access to gigabit connectivity for these socio - economic drivers with a view to maximising their positive spill - over effects on the wider economy and society , including by generating wider demand for connectivity and services . owing to the remoteness of the ors from the european continent , internet connectivity plays a fundamental role in their territorial cohesion and in promoting equal opportunities , creating jobs and improving living conditions for people living there .


### schools , universities , libraries , local , regional or national administrations , main providers of public services , hospitals and medical centres , transport hubs and digitally intensive enterprises are entities and places that can influence important socio - economic developments in the area where they are located . such socio - economic drivers need to be at the cutting edge of gigabit connectivity in order to provide access to the best services and applications for european citizens , business and local communities . the programme should support access to gigabit connectivity for these socio - economic drivers with a view to maximising their positive spill - over effects on the wider economy and society , including by generating wider demand for connectivity and services . ### schools , universities , libraries , local , regional or national administrations , main providers of public services , hospitals and medical centres , transport hubs and digitally intensive enterprises are entities and places that can influence important socio - economic developments in the area where they are located . such socio - economic drivers need to be at the cutting edge of gigabit connectivity in order to provide access to the best services and applications for european citizens , business and local communities , while allowing the development of new services and applications , taking account of the rapid and ongoing emergence of new technologies . the programme should support easy access to gigabit connectivity for these socio - economic drivers with a view to maximising their positive spill - over effects on the wider economy and society , including by generating wider demand for connectivity and services .


### the viability of the anticipated next generation digital services , such as internet of things services and applications which are expected to bring significant benefits across various sectors and for society as a whole , will require uninterrupted cross - border coverage with 5g networks , in particular in view of allowing users and objects to remain connected while on the move . however , the cost sharing scenarios for 5g deployment across these sectors remain unclear and the perceived risks of commercial deployment in some key areas are very high . road corridors and train connections are expected to be key areas for the first phase of new applications in the area of connected mobility and therefore constitute vital cross - border projects for funding under this programme . ### the viability of the anticipated next generation digital services , such as internet of things services and applications which are expected to bring significant benefits across various sectors and for society as a whole , will require uninterrupted cross - border coverage with 5g networks , in particular in view of allowing users and objects to remain connected while on the move . however , the cost sharing scenarios for 5g deployment across these sectors remain unclear and the perceived risks of commercial deployment in some key areas are very high in areas such as user data security and protection . road corridors and train connections are expected to be key areas for the first phase of new applications in the area of connected mobility and therefore constitute vital cross - border projects for funding under this programme .


### unconnected territories in all areas of the union , including in central ones , represent bottlenecks and unexploited potential to the digital single market . in most rural and remote areas , high quality internet connectivity can play an essential role in preventing digital divide , isolation and depopulation by reducing the costs of delivery of both goods and services and partially compensating for remoteness . high quality internet connectivity is necessary for new economic opportunities such as precision farming or the development of a bio - economy in rural areas . the programme should contribute to providing all european households , rural or urban , with very high capacity fixed or wireless connectivity , focusing on those deployments for which a degree of market failure is observed and which can be addressed using low intensity grants . in doing so , the programme should aim at achieving a comprehensive coverage of households and territories , as gaps in an already covered area are uneconomic to address at a later stage . ### unconnected territories in all areas of the union , including in central ones , represent bottlenecks and unexploited potential to the digital single market . in most rural and remote areas and the outermost regions , high quality internet connectivity can play an essential role in preventing digital divide , isolation and depopulation by reducing the costs of delivery of both goods and services and partially compensating for remoteness . high quality internet connectivity is necessary for new economic opportunities such as precision farming or the development of a bio - economy in rural areas . the programme should contribute to providing all european households , rural or urban , with very high capacity fixed or wireless connectivity , focusing on those deployments for which a degree of market failure is observed and which can be addressed using low intensity grants . in doing so , the programme should aim at achieving a comprehensive coverage of households and territories , as gaps in an already covered area are uneconomic to address at a later stage .


### the deployment of backbone electronic communications networks , including with submarine cables connecting european territories to third countries on other continents or connecting european islands or overseas territories to the mainland , is needed in order to provide necessary redundancy for such vital infrastructure , and to increase the capacity and resilience of the union ' s digital networks . however , such projects are often commercially non - viable without public support . ### the deployment of backbone electronic communications networks , including with submarine cables connecting european territories to third countries on other continents or connecting european islands , the outermost regions or overseas territories to the mainland , is needed in order to provide necessary redundancy for such vital infrastructure , and to increase the capacity and resilience of the union ' s digital networks . however , such projects are often commercially non - viable without public support .


### adequate monitoring and reporting measures including indicators should be implemented in order to report the progress of the programme towards the achievement of the general and specific objectives set out in this regulation . this performance reporting system should ensure that data for monitoring implementation of the programme and its results are collected efficiently , effectively and in a timely manner . it is necessary to impose proportionate reporting requirements on recipients of union funds in order to collect relevant data for the programme . ### adequate joint monitoring and reporting measures on the basis of joint indicators should be implemented in order to report the progress of the programme towards the achievement of the general and specific objectives set out in this regulation . this performance reporting system should ensure that the same set of data for monitoring implementation of the programme and its results are collected efficiently , effectively and in a timely manner in all countries taking part in the programme , including third countries . it is necessary to impose proportionate reporting requirements on recipients of union funds in order to collect relevant data for the programme .


### the programme has the general objective to develop and modernise the trans - european networks in the fields of transport , energy and digital and to facilitate cross - border cooperation in the field of renewable energy , taking into account the long - term decarbonisation commitments and with emphasis on synergies among sectors . ### the programme has the general objective to develop and modernise the trans - european networks in the fields of transport , energy and digital , to facilitate cross - border cooperation and create cross border links in the field of renewable energy , taking into account the long - term decarbonisation commitments and with emphasis on synergies among sectors .


### the amount referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the programme and the sector - specific guidelines , such as preparatory , monitoring , control , audit and evaluation activities including corporate information and technology systems . this amount may also be used to finance accompanying measures to support the preparation of projects . ### the amount referred to in paragraph 1 may be also used for technical and administrative assistance for the implementation of the programme and the sector - specific guidelines , such as preparatory , monitoring , control , audit and evaluation activities including corporate information and technology systems . this amount may also be used to finance accompanying measures to support the preparation of projects .


### the amount referred to in paragraph 1 may be used for technical and administrative assistance for the implementation of the programme and the sector - specific guidelines , such as preparatory , monitoring , control , audit and evaluation activities including corporate information and technology systems . this amount may also be used to finance accompanying measures to support the preparation of projects . ### the amount referred to in paragraph 1 may also be used for technical and administrative assistance for the implementation of the programme and the sector - specific guidelines , such as preparatory , monitoring , control , audit and evaluation activities including corporate information and technology systems . this amount may also be used to finance accompanying measures to support the preparation of projects .


### resources allocated to member states under shared management may , at their request , be transferred to the programme . the commission shall implement those resources directly in accordance with [ point of article 62 ] of the financial regulation or indirectly in accordance with point of that article . where possible those resources shall be used for the benefit of the member state concerned . ### without prejudice to article 4 , resources allocated to member states under shared management , with the exception of those under the european regional development fund , the cohesion fund , the european social fund plus , the european maritime and fisheries fund , and the european agricultural fund for rural development , may , at their request , be transferred to the programme . the commission shall implement those resources directly in accordance with [ point of article 62 ] of the financial regulation or indirectly in accordance with point of that article . those resources shall be used only for the benefit of the member state concerned .


### –guarantees the rights of the union to ensure sound financial management and to protect its financial interests . ### –guarantees the rights of the union to ensure sound financial management , to monitor the programme and to protect its financial interests .


### cross - border projects in the field of renewable energy shall involve at least two member states and shall be included in a cooperation agreement or any other kind of arrangement between member states or arrangements between member states and third countries as set out in articles 6 , 7 , 9 or 11 of directive 2009 / 28 / ec . these projects shall be identified in accordance with the criteria and procedure laid down in part iv of the annex to this regulation . ### cross - border projects , and those in the outermost regions , in the field of renewable energy shall involve at least two member states and shall be included in a cooperation agreement or any other kind of arrangement between member states or arrangements between member states and third countries as set out in articles 6 , 7 , 9 or 11 of directive 2009 / 28 / ec . these projects shall be identified in accordance with the criteria and procedure laid down in part iv of the annex to this regulation .


### studies aiming at the development and identification of cross - border projects in the field of renewable energy shall be eligible for funding under this regulation . ### studies aiming at the development and identification of cross - border projects , and projects in the outermost regions , in the field of renewable energy shall be eligible for funding under this regulation .


### cross - border projects in the field of renewable energy shall be eligible for union funding for works if they meet the following additional criteria : ### cross - border projects , and projects in the outermost regions , in the field of renewable energy shall be eligible for union funding for works if they meet the following additional criteria :


### with regard to actions contributing to the deployment of 5g systems , priority shall be given to deployment of 5g corridors along major terrestrial transport paths , including the trans - european transport networks . the extent to which the action contributes to ensuring coverage along major transport paths enabling the uninterrupted provision of synergy digital services , while maximising potential positive spill - overs for territories and population in the vicinity of the project deployment area shall also be taken into account . an indicative list of projects that could benefit from support is included in part v of the annex ; ### with regard to actions contributing to the deployment of 5g systems , priority shall be given to deployment of 5g corridors along major terrestrial transport paths , including the trans - european transport networks . the extent to which the action contributes to ensuring corresponding coverage along major transport paths enabling the uninterrupted provision of synergy digital services , while maximising potential positive spill - overs for territories and population in the vicinity of the project deployment area shall also be taken into account . an indicative list of projects that could benefit from support is included in part v of the annex ;


### actions implementing the core network in accordance with chapter iii of regulation no 1315 / 2013 , including actions relating to urban nodes , maritime ports , inland ports and rail - road terminals of the core network as defined at annex ii to regulation no 1315 / 2013 . actions implementing the core network may include related elements located on the comprehensive network when necessary to optimize the investment and according to modalities specified in the work programmes referred to in article 19 of this regulation ; ### actions implementing the core network in accordance with chapter iii of regulation no 1315 / 2013 , including actions relating to urban nodes , maritime ports , inland ports , airports and rail - road terminals of the core network as defined at annex ii to regulation no 1315 / 2013 . actions implementing the core network may include related elements located on the comprehensive network when necessary to optimize the investment and according to modalities specified in the work programmes referred to in article 19 of this regulation ;


### actions supporting new technologies and innovation , including automation , enhanced transport services , modal integration and alternative fuels infrastructure , in accordance with article 33 of regulation no 1315 / 2013 ; ### actions supporting new technologies and innovation , including automation , enhanced transport services , modal integration and alternative fuels infrastructure , in accordance with article 33 of regulation no 1315 / 2013 , for the reduction of carbon dioxide emissions from traffic ;


### actions supporting cross - border projects in the field of renewable energy , including their conception , as defined in part iv of the annex to this regulation , subject to the fulfilment of the conditions laid down in article 7 of this regulation . ### actions supporting cross - border projects , and projects in the outermost regions , in the field of renewable energy , including their conception , as defined in part iv of the annex to this regulation , subject to the fulfilment of the conditions laid down in article 7 of this regulation .


### actions implementing digital connectivity infrastructure requirements related to cross - border projects in the areas of transport or energy and / or supporting operational digital platforms directly associated to transport or energy infrastructures . ### actions implementing digital connectivity infrastructure requirements related to cross - border projects , and projects in the outermost regions , in the areas of transport or energy and / or supporting operational digital platforms directly associated to transport or energy infrastructures .


### for works relating to the specific objectives referred to in article 3 , the amount of union financial assistance shall not exceed 30 % of the total eligible cost . the co - financing rates may be increased to a maximum of 50 % for actions relating to cross - border links under the conditions specified in point of this paragraph , for actions supporting telematic applications systems , for actions supporting new technologies and innovation , for actions supporting improvements of infrastructure safety in line with relevant union legislation and for actions located in outermost regions ; ### for works relating to the specific objectives referred to in article 3 , the amount of union financial assistance shall not exceed 30 % of the total eligible cost . the co - financing rates may be increased to a maximum of 65 % for actions relating to cross - border links under the conditions specified in point of this paragraph , for actions supporting telematic applications systems , for actions supporting new technologies and innovation , for actions supporting improvements of infrastructure safety in line with relevant union legislation and for actions located in outermost regions . the co - funding rates may be increased to a maximum of 65% for the specific objective referred to in article 3 in case of member states benefitting from the transfer from the cohesion fund ;


### the grant agreement may be terminated on the basis of the grounds specified in paragraph 1 . ### the grant agreement may be terminated on the basis of the grounds specified in paragraph 1 . in such case , the commission will make the unused funds available to other projects without delay .


### the grant agreement may be terminated on the basis of the grounds specified in paragraph 1 . ### the grant agreement may be terminated on the basis of the grounds specified in paragraph 1 , except in duly justified cases .


### the recipients of union funding shall acknowledge the origin and ensure the visibility of the union funding , by providing coherent , effective and proportionate targeted information to multiple audiences , including the media and the public . ### the recipients of union funding shall acknowledge the origin and ensure the visibility of the union funding in line with eu provisions , by providing coherent , effective and proportionate targeted information to multiple audiences , including the media and the public .


### the european council also concluded on 24 october 2014 that a reliable and transparent governance system , without any unnecessary administrative burden , should be developed to help ensure that the union meets its energy policy goals , with the necessary flexibility for member states and fully respecting their freedom to determine their energy mix . it emphasized that such governance system should build on existing building blocks , such as national climate programmes , national plans for renewable energy and energy efficiency as well as the need to streamline and bring together separate planning and reporting strands . it also agreed to step up the role and rights of consumers , transparency and predictability for investors , inter alia by systematic monitoring of key indicators for an affordable , safe , competitive , secure and sustainable energy system and to facilitate coordination of national energy policies and foster regional cooperation between member states . __________________ 14 conclusions of the european council 23 - 24 october 2014 . ### an inclusive , transparent and predictable governance system should be developed to help ensure that the union meets its energy policy goals , with the necessary flexibility for member states . such governance system should build on existing building blocks , such as national climate programmes , national plans for renewable energy and energy efficiency as well as the need to streamline and bring together separate planning and reporting strands . the governance should step up the role and rights of consumers , transparency and predictability for investors , inter alia by systematic monitoring of key indicators for an affordable , safe , competitive , secure and sustainable energy system and to facilitate coordination of national and regional energy policies , and foster macro - regional partnerships between member states . plans and any other measures should also be drawn up making it possible to take advantage of all the opportunities for economic growth , quality job creation and social and territorial cohesion that sustainable energy development offers . __________________ 14 conclusions of the european council 23 - 24 october 2014 .


### the european council also concluded on 24 october 201414 that a reliable and transparent governance system , without any unnecessary administrative burden , should be developed to help ensure that the union meets its energy policy goals , with the necessary flexibility for member states and fully respecting their freedom to determine their energy mix . it emphasized that such governance system should build on existing building blocks , such as national climate programmes , national plans for renewable energy and energy efficiency as well as the need to streamline and bring together separate planning and reporting strands . it also agreed to step up the role and rights of consumers , transparency and predictability for investors , inter alia by systematic monitoring of key indicators for an affordable , safe , competitive , secure and sustainable energy system and to facilitate coordination of national energy policies and foster regional cooperation between member states . __________________ 14 conclusions of the european council 23 - 24 october 2014 . ### the european council also concluded on 24 october 201414that a reliable and transparent governance system , without any unnecessary administrative burden , should be developed to help ensure that the union meets its energy policy goals , with the necessary flexibility for member states and fully respecting their freedom to determine their energy mix . such governance system should build on existing building blocks , such as goals of the paris agreement , national climate programmes , national plans for renewable energy and energy efficiency as well as the need to streamline and bring together separate planning and reporting strands . it also agreed to step up the role and rights of consumers , transparency and predictability for investors , inter alia by systematic monitoring of key indicators for an affordable , safe , competitive , secure and sustainable energy system and to facilitate coordination of national energy and climate policies and foster regional cooperation between member states . in this regards , it is necessary to enhance the sinks in the lulucf sector . any renewable energy policy developments compromising this goal should be followed up by recommendation and corrective action . __________________ 14 conclusions of the european council 23 - 24 october 2014 .


### in line with the commission ' s strong commitment to better regulation , the energy union governance should result in a significant reduction of administrative burden for the member states , the commission and other union institutions and it should help to ensure coherence and adequacy of policies and measures at union and national level with regard to the transformation of the energy system towards a low - carbon economy . ### the energy union governance should result in a significant reduction of administrative burden for the member states , the commission and other union institutions and it should help to ensure coherence and adequacy of policies and measures at union , macro - regional , national , regional and local level with regard to the transformation of the energy system towards a highly energy - efficient and fully renewables - based economy . it is particularly important to maintain consistency with regional innovation and smart specialisation policies .


### the integrated national energy and climate plans should cover ten - year periods and provide an overview of the current energy system and policy situation . they should set out national objectives for each of the five key dimensions of the energy union and corresponding policies and measures to meet those objectives and have an analytical basis . the national plans covering the first period from 2021 to 2030 should pay particular attention to the 2030 targets for greenhouse gas emission reductions , renewable energy , energy efficiency and electricity interconnection . member states should aim to ensure that the national plans are consistent with and contribute to achieving the sustainable development goals . ### the integrated national energy and climate plans should cover ten - year periods and provide an overview of the current energy system and policy situation . they should set out national objectives for each of the five key dimensions of the energy union and corresponding policies and measures to meet those objectives and have an analytical basis . the national plans covering the first period from 2021 to 2030 should pay particular attention to the 2030 targets for greenhouse gas emission reductions , renewable energy , energy efficiency and electricity interconnection , and no net emissions target in the land use , land use change and forestry sector . member states should aim to ensure that the national plans are consistent with and contribute to achieving the sustainable development goals .


### national plans should be stable to ensure transparency and predictability of national policies and measures in order to ensure investor certainty . updates of national plans should however be foreseen once during the ten - year period covered to give member states the opportunity to adapt to significant changing circumstances . for the plans covering the period from 2021 to 2030 , member states should be able to update their plans by 1 january 2024 . targets , objectives and contributions should only be modified to reflect an increased overall ambition in particular as regards the 2030 targets for energy and climate . as part of the updates , member states should make efforts to mitigate any adverse environmental impacts that become apparent as part of the integrated reporting . ### national plans should be stable to ensure transparency and predictability of national policies and measures in order to address the needs of the population of a member state , to contribute to energy security and to ensure investor certainty . updates of national plans should however be foreseen once during the ten - year period covered to give member states the opportunity to adapt to significant changing circumstances . for the plans covering the period from 2021 to 2030 , member states should be able to update their plans by 1 january 2024 . as part of the updates , member states should make efforts to mitigate any adverse environmental impacts that become apparent as part of the integrated reporting . the progressive transition towards the latest generation of biofuels should take account of existing member state investments in first - generation biofuel production .


### member states and the commission should ensure close cooperation on all matters relating to the implementation of the energy union and this regulation , with close involvement of the european parliament . the commission should as appropriate assist member states in implementing this regulation , particularly with regard to the establishment of the national plans and associated capacity building . ### member states and the commission should ensure close cooperation on all matters relating to the implementation of the energy union and this regulation , including the achievement of emission reduction targets , with close involvement of the european parliament . the commission , with the support of the european parliament , should as appropriate assist member states in implementing this regulation , particularly with regard to the establishment of the national plans and associated capacity building . the power to establish national energy and climate plans , in the context of the eu targets , should however remain with the member states .


### implement strategies and measures designed to meet the objectives and targets of the energy union , and for the first ten - year period from 2021 to 2030 in particular the eu ' s 2030 targets for energy and climate ; ### implement long - term climate and energy strategies and measures to achieve by 2050 a highly energy efficient and highly renewables - based energy system , which fully reflects the energy efficiency first principle ;


### a description of the current situation of the five dimensions of the energy union including with regard to the energy system and greenhouse gas emissions and removals as well as projections with regard to the objectives referred to in point with already existing policies and measures ; ### a description of the current situation of the five dimensions of the energy union including with regard to the energy system and greenhouse gas emissions and removals as well as projections with regard to the objectives and targets referred to in point and with already existing policies and measures ;


### an assessment of the impacts of the planned policies and measures to meet the objectives referred to in point ; ### an assessment of the impacts of the planned policies , measures and investment strategies to meet the targets and objectives referred to in point and ; a description of the planned policies and measures and their individual and aggregated environmental , health , macro - economic , skills and social impact on workers and communities ;


### member states shall set out in their integrated national energy and climate plan the following main objectives , targets and contributions , as specified in section a . 2 . of annex i : ### member states shall set out in their integrated national energy and climate plan the following main objectives , and targets , as specified in section a . 2 . and a . 3 of annex i :


### with a view to achieving the union ' s binding target of at least 27% renewable energy in 2030 as referred to in article 3 of [ recast of directive 2009 / 28 / ec as proposed by com 767 ] , a contribution to this target in terms of the member state ' s share of energy from renewable sources in gross final consumption of energy in 2030 , with a linear trajectory for that contribution from 2021 onwards ; ### with a view to achieving the union ' s binding target of at least 27% renewable energy in 2030 as referred to in article 3 of [ recast of directive 2009 / 28 / ec as proposed by com 767 ] , a contribution to this target in terms of the member state ' s share of energy from renewable sources in gross final consumption of energy in 2030 , taking into account the amortisation of investments for first - generation biofuels , with a linear trajectory for that contribution from 2021 onwards ;


### trajectories for the sectorial share of renewable energy in final energy consumption from 2021 to 2030 in the electricity , heating and cooling , and transport sectors ### the member state ' s trajectories for the sectorial share of renewable energy in final energy consumption from 2021 to 2030 in the electricity , heating and cooling , and transport sectors


### national objectives with regard to deployment of domestic energy sources ### national objectives with regard to deployment of domestic renewable energy sources , demand response and storage and the uptake of energy efficiency measures


### key national objectives for electricity and gas transmission infrastructure that are necessary for the achievement of objectives and targets under any of the five key dimensions of the energy union ; ### key national objectives for electricity and gas distribution and transmission infrastructure that are necessary for the achievement of objectives and targets under any of the five key dimensions of the energy union ;


### equitable distribution of deployment across the european union ; ### equitable distribution of deployment across the european union while taking into account the climate change mitigation potential of different sources of energy , the level of impact on levels of carbon dioxide in the atmosphere and payback time ;


### member states shall describe , in accordance with the structure and format specified in annex i , the current situation for each of the five dimensions of the energy union including of the energy system and greenhouse gas emissions and removals at the time of submission of the national plan or on the basis of the latest available information . member states shall also set out and describe projections for each of the five dimensions of the energy union for the first ten - year period at least until 2040 expected to result from existing policies and measures . ### member states shall describe , in accordance with the structure and format specified in annex i , the current situation for each of the five dimensions of the energy union including of the energy system and greenhouse gas emissions and removals at the time of submission of the national plan or on the basis of the latest available information . as of 1st january 2019 , the expected effect on the supply - demand balance of the ets of planned policies or significant changes to existing policies shall be calculated as specified in annex of this regulation . member states shall also set out and describe projections for each of the five dimensions of the energy union for the first ten - year period at least until 2040 expected to result from existing policies and measures .


### the macroeconomic , environmental , skills and social impact of the planned policies and measures referred to in article 7 and further specified in annex i , for the first ten - year period at least until the year 2030 including a comparison with the projections based on existing policies and measures referred to in paragraph 1 ; ### the macroeconomic , health , environmental , skills and social impact on workers and communities of the planned policies and measures referred to in article 7 and further specified in annex i , for the first ten - year period at least until the year 2030 including a comparison with the projections based on existing policies and measures referred to in paragraph 1 ;


### interactions between existing and planned policies and measures within a policy dimension and between existing and planned policies and measures of different dimensions for the first ten - year period at least until the year 2030 . projections concerning security of supply , infrastructure and market integration shall be linked to robust energy efficiency scenarios . ### an assessment of interactions between existing and planned policies and measures within a policy dimension and between existing and planned policies and measures of different dimensions for the first ten year period at least until the year 2030 . the assessment also includes interactions between existing and planned policies and measures and european energy and climate policy measures . projections concerning security of supply , infrastructure and market integration shall be linked to robust energy efficiency scenarios .


### emissions reductions and enhancement of removals in individual sectors including electricity , industry , transport , the buildings sector , agriculture and land use , land - use change and forestry ; ### emissions reductions and enhancement of removals in individual sectors including electricity , industry , transport , the buildings sector , agriculture and including for after 2030 a separate target for enhancing removals by sinks going beyond the commitment of no net emissions in land use , land - use change and forestry that is consistent with pursuing efforts to limit the temperature increase to 1 . 5°c ;


### information on the progress accomplished towards reaching the targets , objectives and contributions set out in the integrated national energy and climate plan , and towards implementing the policies and measures necessary to meet them ; ### information on the progress accomplished towards reaching the targets and objectives set out in the integrated national energy and climate plan , and towards implementing the policies and measures necessary to meet them ;


### trajectories on bioenergy demand , disaggregated between heat , electricity and transport , and on biomass supply , by feedstock and origin . for forest biomass , an assessment of its source and impact on the lulucf sink ; ### if applicable trajectories on bioenergy demand , disaggregated between heat , electricity and transport , and on biomass supply by feedstock , domestic production vs imports . for forest biomass , an assessment of its source and impact on the lulucf sink ;


### implemented , adopted and planned policies , measures and programmes to achieve the indicative national energy efficiency contribution for 2030 as well as other objectives presented in article 6 , including planned measures and instruments to promote the energy performance of buildings , measures to utilise energy efficiency potentials of gas and electricity infrastructure and other measures to promote energy efficiency ; ### implemented , adopted and planned policies , measures and programmes to achieve the indicative national energy efficiency contribution for 2030 as well as other objectives presented in article 6 , including planned measures and instruments to promote the energy performance of buildings , measures to utilise energy efficiency potentials of gas and electricity infrastructure and other measures to promote energy efficiency ; notably , measures improving the energy efficiency in transmission and distribution of electricity shall be accounted for via a common methodology favouring the benchmark of technologies ;


### national objectives with regard to ensuring electricity system adequacy , if applicable ; ### national objectives with regard to ensuring electricity system adequacy , if applicable ; especially to ensure quality power supplies that facilitate social and economic growth in all regions , in particular the less developed ones ;


### member states shall use the online platform for the purposes of submitting to the commission the reports referred to in this chapter once the platform becomes operational . ### member states shall use the online platform for the purposes of submitting to the commission the reports referred to in this chapter once the platform becomes operational . the final reports shall be made available to the public .


### by 31 october 2021 and every second year thereafter , the commission shall assess , in particular on the basis of the integrated national energy and climate progress reports , of other information reported under this regulation , of the indicators and of european statistics where available : ### by 31 october 2021 and every second year thereafter , the commission shall assess , in particular on the basis of the integrated national energy and climate progress reports , of other information reported under this regulation of data from the european environment agency , of the indicators and of european statistics where available :


### if , on the basis of its assessment pursuant to article 25 , the commission concludes that insufficient progress is made by a member state towards meeting the targets , objectives and contributions or implementing the policies and measures set out in its integrated national climate and energy plan , it shall issue recommendations to the member state concerned pursuant to article 28 . in issuing such recommendations , the commission shall take into consideration ambitious early efforts by member states to contribute to the union ' s 2030 target for renewable energy . ### if , on the basis of its assessment pursuant to article 25 , the commission concludes that insufficient progress is made by a member state towards meeting their trajectories , targets and objectives or implementing the policies and measures set out in its integrated national climate and energy plan , it shall issue recommendations to the member state concerned pursuant to article 28 .


### consultations with stakeholders , including social partners , and engagement of civil society ### consultations with stakeholders , including social partners , and engagement of civil society and citizens


### national objectives and targets ### targets and objectives


### 4 . 4 . energy poverty national objectives with regard to energy poverty including a timeframe for when the objectives shall be met ### 4 . 4 . energy poverty national objectives with regard to energy poverty and vulnerable consumers , including a timeframe for when the objectives should be met and a national action plan to achieve those objectives which could include providing benefits in social security systems to ensure the necessary energy supply to vulnerable customers or providing for support for energy efficiency improvements to address energy poverty where identified ; for this purpose member states shall : define the concept of vulnerable customers and energy poverty based on the eu indicators of low income , high energy expenditure , and poor energy efficiency of the building stock ii . continuously monitor the number of households in energy poverty and share this data in the european energy poverty observatory


### policies and measures ### policies measures and investment strategies


### impact assessment of planned policies and measures29 __________________ 29 . planned policies and measures are options under discussion and having a realistic chance of being adopted and implemented after the date of submission of the national plan . the resulting projections under section 5 . 1 . i shall therefore include not only implemented and adopted policies and measures , but also planned policies and measures . ### impact assessment of planned policies measures and investment strategies29 __________________ 29 . planned policies and measures are options under discussion and having a realistic chance of being adopted and implemented after the date of submission of the national plan . the resulting projections under section 5 . 1 . i shall therefore include not only implemented and adopted policies and measures , but also planned policies and measures .


### 1 . impacts of planned policies and measures described in section 3 on energy system and greenhouse gas emissions and removals including comparison to projections with existing policies and measures . ### 1 . impacts of planned policies , measures and investment strategies described in section 3 on energy system and greenhouse gas emissions and removals including comparison to projections with existing policies and measures .


### assessment of policy interactions at least until the last year of the period covered by the plan ### assessment of policy interactions at least until the last year of the period covered by the plan , in particular to establish a robust understanding of the impact of energy efficiency / energy savings policies on the sizing of the energy system and to reduce the risk of stranded investments in energy supply


### the efsi should target projects with a higher risk - return profile than existing eib and union instruments to ensure additionality over existing operations . the efsi should finance projects across the union , including in the countries most affected by the financial crisis . the efsi should only be used where financing is not available from other sources on reasonable terms . ### the efsi should target projects with a higher risk - return profile than existing eib and union instruments to ensure additionality over existing operations . the efsi should finance projects across the union , especially in the countries most affected by the financial crisis . the efsi should only be used where financing is not available from other sources on reasonable terms .


### the eib should regularly evaluate activities supported by the efsi with a view to assessing their relevance , performance and impact and to identifying aspects that could improve future activities . such evaluations should contribute to accountability and analysis of sustainability . ### the eib should regularly evaluate activities supported by the efsi with a view to assessing their relevance , performance and impact and to identifying aspects that could improve future activities . such evaluations should contribute to accountability , sound financial management , transparency and analysis of sustainability .


### alongside the financing operations that will be conducted through the efsi , a european investment advisory hub should be created . the eiah should provide strengthened support for project development and preparation across the union , by building on the expertise of the commission , the eib , national promotional banks and the managing authorities of the european structural and investment funds . this should establish a single point of entry for questions related to technical assistance for investments within the union . ### alongside the financing operations that will be conducted through the efsi , a european investment advisory hub should be created . the eiah should provide strengthened support for project development and preparation across the union , by building on the expertise of the commission , the eib , national promotional banks and the managing authorities of the european structural and investment funds . this should establish a single point of entry for questions related to technical assistance for investments within the union . the eiah should cooperate with the existing advisory entities involving the eib , the commission and the member states , such as the ' european ppp expertise centre ' and the ' financial instruments - technical advisory platform for efsi ' . the eiah should enable member states and regions across the union to benefit from free expertise so as to ensure fair access to efsi financing .


### within the union , there are a significant number of potentially viable projects that are not being financed due to a lack of certainty and transparency with respect to such projects . often , this is because private investors are not aware of the projects or have insufficient information to make an assessment of the investment risks . the commission and the eib , with support from the member states , should promote the creation of a transparent pipeline of current and future investment projects in the union suitable for investment . this ' project pipeline ' should ensure that information is made publicly available regarding investment projects on a regular and structured basis to ensure that investors have reliable information on which to base their investment decisions . ### within the union , there are a significant number of potentially viable projects that are not being financed due to a lack of certainty with respect to such projects . often , this is because private investors are not aware of the projects or have insufficient information to make an assessment of the investment risks . the commission and the eib , with support from the member states , should promote the creation of a transparent pipeline of current and future investment projects in the union suitable for investment . this ' project pipeline ' should ensure that information is made publicly available regarding investment projects on a regular and structured basis to ensure that investors have reliable information on which to base their investment decisions .


### the purpose of the efsi shall be to support investments in the union and to ensure increased access to financing for companies having up to 3000 employees , with a particular focus on small and medium enterprises , through the supply of risk bearing capacity to the eib . ### the purpose of the efsi shall be to support strategic investments in the union such as transport infrastructure . efsi shall furthermore ensure increased access to financing for companies having up to 3000 employees , with a particular focus on small and medium enterprises , through the supply of risk bearing capacity to the eib .


### the efsi agreement shall provide that the efsi shall have an investment committee , which shall be responsible for examining potential operations in line with the efsi investment policies and approving the support of the eu guarantee for operations in line with article 5 , irrespective of their geographic location . ### the efsi agreement shall provide that the efsi shall have an investment committee , which shall be responsible for examining potential operations in line with the efsi investment policies and approving the support of the eu guarantee for operations : in line with article 5 2 . in line with the overall objectives of regulation no 1316 / 2013 and regulation no 1315 / 2013 as well as the ten - t annual work programmes 3 . with a proven economic , societal and sustainable added value regarding the promotion of jobs , skills , innovation and competiveness in the european union , which could not have been carried out with existing eu funds and instruments . 4 . irrespective of their geographic location .


### the efsi agreement shall provide that the efsi shall have an investment committee , which shall be responsible for examining potential operations in line with the efsi investment policies and approving the support of the eu guarantee for operations in line with article 5 , irrespective of their geographic location . ### the efsi agreement shall provide that the efsi shall have an investment committee , which shall be responsible for examining potential operations in line with the efsi investment policies and approving the support of the eu guarantee for operations in line with article 5 , irrespective of their geographic location . the investment committee shall be composed of six independent experts and the managing director . independent experts shall have a high level of relevant market experience in project finance and be appointed after consulting the european parliament by the steering board for a renewable fixed term of three years . decisions of the investment committee shall be taken by simple majority .


### development of infrastructure , including in the areas of transport , particularly in industrial centres ; energy , in particular energy interconnections ; and digital infrastructure ; ### development of transport infrastructure , particularly in and between industrial centres ;


### the commission shall be empowered to adopt delegated acts in accordance with article 17 adjusting the target amount provided for in paragraph 5 by a maximum of 10% to better reflect the potential risk of the eu guarantee being called . ### the commission shall be empowered to adopt delegated acts in accordance with article 17 adjusting the target level provided for in paragraph 5 by a maximum of 10% to better reflect the potential risk of the eu guarantee being called . in case of an increase of the liquidity cushion where the 50% payments of the guarantee obligations will not be sufficient , the commission proposes the origin of the additional appropriations while leaving the decision to the budgetary authority .


### from 1 january 2019 , if as a result of calls on the guarantee , the level of the guarantee fund falls below 50% of the target amount , the commission shall submit a report on exceptional measures that may be required to replenish it . ### from 1 january 2019 , if as a result of calls on the guarantee , the resources of the guarantee fund falls below 50% of the target amount , the commission shall submit a report on exceptional measures that may be required to replenish it . if the commission deems this to be necessary , the commission shall present recommendations on adjusting the level of the guarantee .


### the eib , in cooperation with the eif as appropriate , shall report semi - annually to the commission on eib financing and investment operations under this regulation . the report shall include an assessment of compliance with the requirements on the use of the eu guarantee and the key performance indicators established pursuant to article 2 . the report shall also include statistical , financial and accounting data on each eib financing and investment operation and on an aggregated basis . ### the eib , in cooperation with the eif as appropriate , shall report semi - annually to the european parliament , the council and the commission on eib financing and investment operations under this regulation . &#160 ; one of the two&#160 ; reports shall be completed in due time , so that the commission&#160 ; can incorporate the relevant information in the annual accounts and shall&#160 ; include an assessment of compliance with the requirements on the use of the eu guarantee and the key performance indicators established pursuant to article 2 . the report shall also include statistical , financial and accounting data on each eib financing and investment operation and on an aggregated basis .


### the commission shall , by 30 june of each year , send to the european parliament , the council and the court of auditors an annual report on the situation of the guarantee fund and the management thereof in the previous calendar year . ### the commission shall , by 31 march of each year , send to the european parliament , the council and the court of auditors an annual report on the situation of the guarantee fund and the management thereof in the previous calendar year . this report shall also give information on the adequacy of the level of the guarantee and , if necessary , present recommendations on adjusting the level of the guarantee .


### the eu guarantee and the payments and recoveries under it that are attributable to the general budget of the union shall be audited by the court of auditors . ### the external audit of the activities undertaken in accordance with the efsi regulation is carried out by the european court of auditors in accordance with article 287 tfeu and is thus subject to the ep discharge procedure according to article 319 tfeu .


### olaf may carry out investigations , including on - the - spot checks and inspections , in accordance with the provisions and procedures laid down in regulation no 883 / 2013 of the european parliament and of the council , council regulation no 2185 / 96 and council regulation no 2988 / 95 in order to protect the financial interests of the union , with a view to establishing whether there has been fraud , corruption , money laundering or any other illegal activity affecting the financial interests of the union in connection with any operations supported by the eu guarantee . olaf may transmit to the competent authorities of the member states concerned information obtained in the course of investigations . __________________ 5 regulation no 883 / 2013 of the european parliament and of the council of 11 september 2013 concerning investigations conducted by the european anti - fraud office and repealing regulation no 1073 / 1999 of the european parliament and of the council and council regulation no 1074 / 1999 . 6 council regulation no 2185 / 96 of 11 november 1996 concerning on - the - spot checks and inspections carried out by the commission in order to protect the european communities ' financial interests against fraud and other irregularities . 7 council regulation no 2988 / 95 of 18 december 1995 on the protection of the european communities financial interests . ### olaf shall carry out investigations , including on - the - spot checks and inspections , in accordance with the provisions and procedures laid down in regulation no 883 / 2013 of the european parliament and of the council , council regulation no 2185 / 96 and council regulation no 2988 / 95 in order to protect the financial interests of the union , with a view to establishing whether there has been fraud , corruption , money laundering or any other illegal activity affecting the financial interests of the union in connection with any operations supported by the eu guarantee . olaf may transmit to the competent authorities of the member states concerned information obtained in the course of investigations . __________________ 5 regulation no 883 / 2013 of the european parliament and of the council of 11 september 2013 concerning investigations conducted by the european anti - fraud office and repealing regulation no 1073 / 1999 of the european parliament and of the council and council regulation no 1074 / 1999 . 6 council regulation no 2185 / 96 of 11 november 1996 concerning on - the - spot checks and inspections carried out by the commission in order to protect the european communities ' financial interests against fraud and other irregularities . 7 council regulation no 2988 / 95 of 18 december 1995 on the protection of the european communities financial interests .


### in its financing and investment operations , the eib shall not support any activities carried out for illegal purposes , including money laundering , financing of terrorism , tax fraud and tax evasion , corruption , or fraud affecting the financial interests of the union . in particular the eib shall not participate in any financing or investment operation through a vehicle located in a non - cooperative jurisdiction , in line with its policy towards weakly regulated or non - cooperative jurisdictions based on policies of the union , the organisation for economic cooperation and development or the financial action task force . ### in its financing and investment operations , the eib shall not support any activities carried out for illegal purposes , including money laundering , financing of terrorism , tax fraud and tax evasion , corruption , or fraud affecting the financial interests of the union . in particular the eib shall not participate in any financing or investment operation through a vehicle located in a non - cooperative jurisdiction in relation to the application of the internationally agreed tax standard , in line with its policy towards weakly regulated or non - cooperative jurisdictions based on policies of the union , the organisation for economic cooperation and development or the financial action task force . the eib shall transpose such requirements to any third party contributing to the efsi or any investment platform . &#160 ;


### financing and investment operations signed by the eib or eif , during the period from 1 january 2015 to the conclusion of the efsi agreement , may be submitted by the eib or the eif to the commission for coverage under the eu guarantee . ### financing and investment operations signed by the eib or eif , during the period from 1 january 2015 to the conclusion of the efsi agreement , may be submitted by the eib or the eif to the independent investment committee , which can submit the investment operations to the commission to propose to cover them under the eu guarantee .


### the commission shall assess those operations and , where they comply with the substantive requirements set out in article 5 and in the efsi agreement , decide that the eu guarantee coverage extends to them . ### the commission shall take the assessment of the independent investment committee into account , assess those operations and , where they comply with the substantive requirements set out in article 5 and in the efsi agreement , decide that the eu guarantee coverage extends to them .


### all the amendments to the recovery plan adopted by iccat in 2012 , 2013 and 2014 , which have not been subject to transposition yet , should be integrated into union law . as this transposition concerns a plan whose objectives and measures were defined by iccat , this regulation does not cover all the content of multiannual plans as set out under articles 9 and 10 of regulation no 1380 / 2013 of the european parliament and of the council21 . __________________ 21 regulation no 1380 / 2013 of the european parliament and the council of 11 december 2013 on the common fisheries policy , amending council regulations no 1954 / 2003 and no 1224 / 2009 and repealing council regulations no 2371 / 2002 and no 639 / 2004 and council decision 2004 / 585 / ec . ### all the amendments to the recovery plan adopted by iccat in 2006 , 2012 , 2013 and 2014 which have not been subject to transposition yet should be integrated into union law . as this transposition concerns a plan whose objectives and measures were defined by iccat , this regulation does not cover all the content of multiannual plans as set out under articles 9 and 10 of regulation no 1380 / 2013 of the european parliament and of the council . __________________ 21 regulation no 1380 / 2013 of the european parliament and the council of 11 december 2013 on the common fisheries policy , amending council regulations no 1954 / 2003 and no 1224 / 2009 and repealing council regulations no 2371 / 2002 and no 639 / 2004 and council decision 2004 / 585 / ec .


### draft legislative resolution this regulation lays down the general rules for the application by the union of the recovery plan as defined in article 3 . ### this regulation lays down the general rules for the application by the union of the recovery plan as defined in article 3 , taking into account the specific features of the various types of fishing gear and paying particular attention to traditional , more sustainable and artisanal gear , such as traps .


### each member state shall take the necessary measures to ensure that the fishing activities of its catching vessels and its traps are commensurate with the fishing opportunities on bluefin tuna available to that member state in the eastern atlantic and mediterranean . ### each member state shall take the necessary measures to ensure that the fishing activities of its catching vessels and its traps are commensurate with the fishing opportunities on bluefin tuna available to that member state in the eastern atlantic and mediterranean , and to safeguard the socio - economic viability of its traps .


### this regulation shall enter into force on the third day following its publication in the official journal of the european union . ### this regulation shall enter into force 20 days following its publication in the official journal of the european union .


### additional union general export authorisations should be introduced in order to reduce administrative burden on companies and authorities while ensuring an appropriate level of control of the relevant items to the relevant destinations . a global authorisation for large projects should also be introduced to adapt licensing conditions to the peculiar needs of industry . ### additional union general export authorisations should be introduced in order to reduce administrative burden on companies , especially smes , and authorities while ensuring an appropriate level of control of the relevant items to the relevant destinations . a global authorisation for large projects should also be introduced to adapt licensing conditions to the peculiar needs of industry .


### export controls have an impact on international security and trade with third countries and it is therefore appropriate to develop dialogue and cooperation with third countries in order to support a global level - playing field and enhance international security . ### export controls have an impact on international security and trade with third countries and it is therefore appropriate to develop dialogue and cooperation with third countries in order to support a global level - playing field and enhance international security . as member states make up the majority of signatories to the wassenaar arrangement , setting high standards at union level can also have positive knock - on effects on global standards .


### if an exporter , under his obligation to exercise due diligence , is aware that dual - use items which he proposes to export , not listed in annex i , are intended , in their entirety or in part , for any of the uses referred to in paragraph 1 , he must notify the competent authority , which will decide whether or not it is expedient to make the export concerned subject to authorisation . ### if an exporter , under his obligation to exercise due diligence , is aware that dual - use items which he proposes to export , not listed in annex i , may be intended , in their entirety or in part , for any of the uses referred to in paragraph 1 , he must notify the competent authority , which will decide whether or not it is expedient to make the export concerned subject to authorisation .


### respect for human rights in the country of final destination as well as respect by that country of international humanitarian law ; ### respect for human rights law in the country of final destination as well as respect by that country of international humanitarian law ;


### the list of dual - use items set out in section b of annex i may be amended if this is necessary due to risks that the export of such items may pose as regards the commission of serious violations of human rights or international humanitarian law or the essential security interests of the union and its member states . ### the list of dual - use items set out in section b of annex i may be amended if this is necessary due to risks that the export of such items may facilitate violations of human rights such as the right to privacy , freedom of expression and freedom of assembly and be used for the commission of serious violations of human rights law or international humanitarian law , or can pose a threat to international security or the essential security interests of the union and its member states , as previously assessed and reported by the commission and the eeas .


### the commission and the competent authorities of the member states shall , where appropriate , maintain regular and reciprocal exchange of information with third countries . ### the commission and the competent authorities of the member states shall , where appropriate , maintain regular and reciprocal exchange of information with third countries , including in the context of the dialogue on dual - use items&#160 ; provided for&#160 ; in the union ' s partnership and cooperation agreements and strategic partnership agreements .


### having regard to the treaty on the functioning of the european union , and in particular article 43 thereof , ### having regard to the treaty on the functioning of the european union , and in particular article 43 and article 208 thereof ,


### the communication from the commission to the european parliament , the council , the european economic and social committee and the committee of the regions entitled ' the future of food and farming ' of 29 november 2017 concludes that the common agricultural policy should continue to step up its response to future challenges and opportunities , by boosting employment , growth and investment , fighting and adapting to climate change and bringing research and innovation out of the laboratories and onto fields and markets . the cap should furthermore address citizens ' concerns regarding sustainable agriculture production . ### the communication from the commission to the european parliament , the council , the european economic and social committee and the committee of the regions entitled ' the future of food and farming ' of 29 november 2017 concludes that the common agricultural policy should continue to step up its response to future challenges , opportunities and to&#160 ; adjust farmers ' position in the value chain by boosting employment , growth and investments to&#160 ; facilitate business development in rural areas , promoting social inclusion , &#160 ; reduce&#160 ; development&#160 ; gaps between areas , &#160 ; fighting and adapting to climate change , technological change and bringing research and innovation out of the laboratories and onto fields and markets . the cap should furthermore address citizens ' concerns regarding sustainable agriculture production , food security an to foster sustainable development and efficient management of natural resources such as water , soil and air


### the cap ' s compliance - driven delivery model should be adjusted to ensure a greater focus on results and performance . accordingly the union should set the basic policy objectives , types of intervention and basic union requirements while greater responsibility and accountability for meeting those objectives should be borne by the member states . as a consequence , there is a need to ensure greater subsidiarity in order to take better account of the local conditions and needs . accordingly , under the new delivery model , member states should be responsible for tailoring their cap interventions in line with basic union requirements in order to maximize their contribution to union cap objectives and to establish and design the compliance and control framework for beneficiaries . ### the cap ' s compliance - driven delivery model should be adjusted to ensure a greater focus on results and performance . accordingly the union should set the basic policy objectives , types of intervention and basic union requirements , including as regards policy coherence for development , while greater responsibility and accountability for meeting those objectives should be borne by the member states . as a consequence , there is a need to ensure greater subsidiarity in order to take better account of the local conditions and needs . accordingly , under the new delivery model , member states should be responsible for tailoring their cap interventions in line with basic union requirements in order to maximize their contribution to union cap objectives and to establish and design the compliance and control framework for beneficiaries .


### the cap ' s compliance - driven delivery model should be adjusted to ensure a greater focus on results and performance . accordingly the union should set the basic policy objectives , types of intervention and basic union requirements while greater responsibility and accountability for meeting those objectives should be borne by the member states . as a consequence , there is a need to ensure greater subsidiarity in order to take better account of the local conditions and needs . accordingly , under the new delivery model , member states should be responsible for tailoring their cap interventions in line with basic union requirements in order to maximize their contribution to union cap objectives and to establish and design the compliance and control framework for beneficiaries . ### the cap ' s compliance - driven delivery model should be adjusted to ensure a greater focus on results and performance . accordingly the union should set the basic policy objectives , types of intervention and basic union requirements while greater responsibility and accountability for meeting those objectives should be borne by the member states . as a consequence , there is a need to ensure greater subsidiarity in order to take better account of the local conditions and needs . accordingly , under the new delivery model , member states should be responsible for tailoring their cap interventions in line with their specific needs and basic union requirements in order to maximize their contribution to union cap objectives and to establish and design the compliance and control framework for beneficiaries .


### involving paying agencies that have been accredited by the member states is a crucial prerequisite under the new delivery model for having reasonable assurance that the objectives and targets set out in the relevant cap strategic plans will be reached by the interventions financed by the union ' s budget . it should , therefore , be explicitly provided in this regulation that only expenditure effected by accredited paying agencies can be reimbursed from the union ' s budget . in addition , the expenditure financed by the union for the interventions referred to in the cap strategic plan regulation should have a corresponding output regarding and should comply with the basic union requirements and the governance systems . ### involving paying agencies that have been accredited by the member states is a crucial prerequisite under the new delivery model for having reasonable assurance that the objectives and targets set out in the relevant cap strategic plans will be reached by the interventions financed by the union ' s budget . it should , therefore , be explicitly provided in this regulation that only expenditure effected by accredited paying agencies can be reimbursed from the union ' s budget . in addition , the expenditure financed by the union for the interventions referred to in the cap strategic plan regulation should have a corresponding output regarding and should comply with the basic union requirements and the governance systems , and should serve to achieve the sustainable development goals .


### as regards the multi - annual performance monitoring the commission should also have the power to suspend payments . accordingly in cases of delayed or insufficient progress towards targets , set out in the national cap strategic plan , the commission should be empowered to request the member state concerned to take the necessary remedial actions in accordance with an action plan to be established in consultation with the commission and containing clear progress indicators , by means of an implementing act . where the member state fails to submit or to implement the action plan or where the action plan is manifestly insufficient to remedy the situation , the commission should have the power to suspend the monthly or interim payments , by means of an implementing act . ### as regards the multi - annual performance monitoring the commission should also have the power to suspend payments . accordingly in cases of delayed or insufficient progress towards targets , set out in the national cap strategic plan , the commission should be empowered to request the member state concerned to take the necessary remedial actions in accordance with an action plan to be established in consultation with the commission and containing clear progress indicators , by means of an implementing act . the action plan should be drawn up with the involvement of the partners referred to in article 94 . where the member state fails to submit or to implement the action plan or where the action plan is manifestly insufficient to remedy the situation , the commission should have the power to suspend the monthly or interim payments , by means of an implementing act .


### the commission is responsible for the implementation of the union ' s budget in cooperation with member states in accordance with article 317 of the treaty . the commission should thus be empowered to decide , by means of implementing acts , whether the expenditure effected by the member states is in conformity with union law . member states should be afforded the right to justify their decisions to make payments and should have recourse to conciliation where there is no common agreement between them and the commission . in order to give member states legal and financial assurances as to expenditure effected in the past , a limitation period should be set for the commission to decide which financial consequences should follow from the non - conformity . ### the commission is responsible for the implementation of the union ' s budget in cooperation with member states in accordance with article 317 of the treaty . the commission should thus be empowered to decide , by means of implementing acts , whether the expenditure effected by the member states is in conformity with union law and international agreements . member states should be afforded the right to justify their decisions to make payments and should have recourse to conciliation where there is no common agreement between them and the commission . in order to give member states legal and financial assurances as to expenditure effected in the past , a limitation period should be set for the commission to decide which financial consequences should follow from the non - conformity .


### the communication from the commission on ' the future of food and farming ' set out the bolstering of environmental care and climate action and the contributing to the achievement of union environmental and climate objectives as a strategic orientation of the future cap . hence , sharing land parcel identification system and other integrated administration and control system data has become necessary for environmental and climate purposes at national and union level . provision should therefore be made for sharing the data collected through the integrated system , which is relevant for environmental and climate purposes , between member states ' public authorities and with the union institutions and bodies . in order to increase efficiency in using data available to different public authorities for the production of european statistic , it should also be provided that data from the integrated system has to be made available for statistical purposes to bodies which are part of the european statistical system . ### the communication from the commission on ' the future of food and farming ' set out the bolstering of environmental care and climate action and the contributing to the achievement of union environmental and climate objectives , as well as taking account of the cap ' s global dimentsion , as a strategic orientation of the future cap . hence , at national and union level , sharing land parcel identification system and other integrated administration and control system data has become necessary on environmental , climate and pcd grounds , and for achieving the sdgs . provision should therefore be made for sharing the data collected through the integrated system , which is relevant for environmental and climate purposes , between member states ' public authorities and with the union institutions and bodies . in order to increase efficiency in using data available to different public authorities for the production of european statistics , it should also be provided that data from the integrated system has to be made available for statistical purposes to bodies which are part of the european statistical system .