European Parliament legislative resolution of 6 May 2009 on the proposal for a regulation of the European Parliament and of the Council establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy (COM(2009)0035 – C6-0049/2009 – 2009/0010(COD))
(Codecision procedure: first reading)
The European Parliament
– having regard to the Commission proposal to the European Parliament and the Council (COM(2009)0035),
– having regard to Article 251(2) and Articles 156 and 175(1) of the EC Treaty, pursuant to which the Commission submitted the proposal to Parliament (C6-0049/2009),
– having regard to Rule 51 of its Rules of Procedure,
– having regard to the report of the Committee on Industry, Research and Energy and the opinions of the Committee on Budgets and the Committee on Regional Development (A6-0261/2009),
1. Approves the Commission proposal as amended;
2. Takes note of the Commission declaration annexed to this resolution;
3. Considers that the reference amount indicated in the legislative proposal is compatible with the multiannual financial framework as the latter has been revised;
4. Recalls that any redeployment that would lead to any negative impact on other EU policies by diminishing the funds allocated to them must be avoided;
5. Recalls that the annual amount will be decided within the annual budgetary procedure, in accordance with the provisions of Point 37 of the Interinstitutional Agreement of 17 May 2006 between the European Parliament, the Council and the Commission on budgetary discipline and sound financial management(1)
6. Notes that since the financing of the programme has now been agreed, the legislative process can be completed;
7. Calls on the Commission to refer the matter to Parliament again if it intends to amend the proposal substantially or replace it with another text;
8. Instructs its President to forward its position to the Council and the Commission.
Position of the European Parliament adopted at first reading on 6 May 2009 with a view to the adoption of a Regulation (EC) No .../2009 of the European Parliament and of the Council establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy
(As an agreement was reached between Parliament and Council, Parliament's position at first reading corresponds to the final legislative act, Regulation (EC) No 663/2009.)
"The Commission underlines that energy efficiency and renewable energy sources are key priorities of EU energy policy, both for environmental and for security of supply reasons. In this respect, the Regulation will contribute to these priorities by giving substantial support to offshore wind projects.
The Commission recalls in this context the various other new initiatives supporting energy efficiency and renewable energy sources, suggested by the Commission notably in its European Recovery Plan, which was endorsed by the European Council of December 2008. These include:
A modification to the ERDF Regulation to allow investments up to €8 billion in energy efficiency and renewable energies in housing in all the Member States. A public-private partnership on a "European energy-efficient buildings" initiative to promote green technologies and the development of energy-efficient systems and materials in new and renovated buildings. The estimated envelope for this action is €1 billion: €500 million from existing EC FP7 budget over the years 2010 to 2013 and €500 million from industry.
The EC-EIB initiative "EU Sustainable Energy Financing Initiative". It aims at enabling investments for energy efficiency and renewable energy projects in urban settings. The Commission finances a technical assistance facility from the Intelligent Energy Europe programme (annual allocation of 15 M€ for 2009). This facility, managed by the EIB, will facilitate access to EIB loans with substantial leverage effects.
The creation by EU institutional investors - led by the EIB - of a market oriented equity fund, called Marguerite: the 2020 European Fund for Energy, Climate Change and Infrastructure. This Fund would invest in the areas of energy and climate change (TEN-E, sustainable energy production, renewable energy, new technologies, energy efficiency investments, security of supply, as well as environmental infrastructure). The Commission supports this initiative.
Furthermore, the Commission will present before the end of November 2009 the revision of the energy efficiency action plan as demanded by Council (Conclusions of the European Council of March 2009) and Parliament (EP Resolution P6_TA(2009)0064).
There is agreement among experts that energy efficiency is the cheapest available option to reduce greenhouse gas emissions. The Commission will provide by November 2009 a detailed analysis of the obstacles for increased energy efficiency investments. It will in particular examine whether there is a need for increased financial incentives in the form of low-interest loans and/or grants, how the European budget could be used to this end, and, if appropriate, the Commission will include, inter alia, additional funds for financing of energy efficiency in the new EU Energy Security and Infrastructure Instrument, to be presented in 2010.
When reviewing the energy efficiency action plan, the Commission will pay particular attention to the neighbourhood dimension of energy efficiency. It will analyze how it can give financial and regulatory incentives to neighbourhood countries to step up their investments in energy efficiency.
Should the Commission, when reporting in 2010 on the implementation of the Regulation under its Article 28, find that it will not be possible to commit by the end of 2010 a part of the funds foreseen for the projects listed in the annex to the Regulation, the Commission will propose, if appropriate, an amendment to the Regulation allowing for the financing of projects in the area of energy efficiency and renewable energy sources, in addition to the above initiatives, including eligibility criteria, similar to those applying to projects in the Annex to this Regulation."