7. Notes that, in the conclusions of the Presidency to the Stockholm summit of 23/24 March 2001, the
Council agreed that the EIB should open up lending to Russia for selected environmental projects in Kalin-ingrad and Saint Petersburg; notes that, in addition to the EIB, the so-called Northern Dimension Environ-mental Partnership scheme will comprise the Commission, the European Bank for Reconstruction andDevelopment, the Nordic Investment Bank, the World Bank and Baltic States including Russia; expressesreservations as to the feasibility, sustainability and practicalities of this scheme; calls on all parties to ensurethat rigorous control mechanisms are in place, including a clearly defined cooperation agreement;
European Bank for Reconstruction and Development
8. Recalls that the idea of the EBRD, to foster the transition from command towards market-oriented
economies and to promote private enterprise, was first announced to Parliament on 25 October 1989;notes that in contrast to the Commission, the EBRD lays strong emphasis on central ex-ante control by
its Chief Economist and independent ex-post evaluation of projects; welcomes the importance given to the
principles of additionality and conditionality by the EBRD; looks forward to examining the Banks effec-tiveness in promoting private enterprise in Central and Eastern Europe and the Commonwealth of Inde-pendent States, following an audit by the Court of Auditors;
Court of Auditors
9. Invites the Court to report in its annual report for 2000 on progress by the Commission, European
Investment Bank and Member States in remedying the weaknesses highlighted in this resolution and in itsspecial reports; looks forward to examining the audit on venture capital funds supported by the Commis-sion;
*
**
10. Instructs its President to forward this resolution to the Council, the Commission, the Court of
Auditors and the European Investment Bank.
6. Company law concerning takeover bids ***III
A5-0237/2001
European Parliament legislative resolution on the joint text approved by the Conciliation Commit-
tee for a European Parliament and Council directive on company law concerning takeover bids
(C5-0221/2001  1995/0341(COD))
(Codecision procedure: third reading)
The European Parliament,
 having regard to the joint text approved by the Conciliation Committee and the relevant Commission
statement (C5-0221/2001),
 having regard to its position at first reading (1) on the Commission proposal to the European Parlia-
ment and the Council (COM(1995) 655) (2),
 having regard to the amended proposal (COM(1997) 565) (3),
 having regard to its position at second reading (4) on the Council common position (5),
(1) OJ C 222, 21.7.1997, p. 20.
(2) OJ C 162, 6.6.1996, p. 5.
(3) OJ C 378, 13.12.1997, p. 10.
(4) Texts Adopted, 13.12.2000, Item 9.
(5) OJ C 23, 24.1.2001, p. 1.C 65 E/112 EN 14.3.2002 Official Journal of the European Communities
Wednesday 4 July 2001
 having regard to the Commissions opinion on Parliaments amendments to the common position
(COM(2001) 77  C5-0063/2001),
 having regard to Article 251(5) of the EC Treaty, having regard to Rule 83 of its Rules of Procedure, having regard to the report of its delegation to the Conciliation Committee (A5-0237/2001),
1. Rejects the joint text;
2. Instructs its President to forward this legislative resolution to the Council and the Commission;
7. Electricity from renewable energy sources ***II
A5-0227/2001
European Parliament resolution on the Council common position for adopting a European Parlia-
ment and Council directive on the promotion of electricity produced from renewable energy
sources in the internal electricity market (5583/1/2001  C5-0133/2001  2000/0116(COD))
(Codecision procedure: second reading)
The European Parliament,
 having regard to the Council common position (5583/1/2001  C5-0133/2001) (1),
 having regard to its position at first reading (2) on the Commission proposal (COM(2000) 279) (3),
 having regard to the Commissions amended proposal (COM(2000) 884) (4),
 having regard to Article 251(2) of the EC Treaty, having regard to Rule 80 of its Rules of Procedure, having regard to the recommendation for second reading of the Committee on Industry, External
Trade, Research and Energy (A5-0227/2001),
1. Amends the common position as follows;
2. Instructs its President to forward its position to the Council and Commission.
COUNCIL
COMMON POSITIONAMENDMENTS
BY PARLIAMENT
Amendment 1
Recital 7
(7) The Commission should assess to what extent Member
States have made progress towards achieving their nationalindicative targets, and to what extent the national indicative
targets are consistent with the global indicative target of 12 %
of gross domestic energy consumption by 2010, considering(7) The Commission should assess to what extent Member
States have made progress towards achieving their nationalindicative targets, and to what extent the national indicative
targets are consistent with the global indicative target of 12 %
of gross domestic energy consumption by 2010, considering14.3.2002 EN C 65 E/113 Official Journal of the European Communities
Wednesday 4 July 2001
(1) OJ C 142, 15.5.2001, p. 5.
(2) Texts Adopted, 16.11.2000, Item 4.
(3) OJ C 311, 31.10.2000, p. 320.
(4) OJ C 154 E, 29.5.2001, p. 89.