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InvestEU programme: The EU's new investment support scheme

30-03-2021

The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It brings together various EU financial instruments for internal policies previously supported by different funds and programmes of the EU budget. On 26 March 2021, the InvestEU Regulation entered into force, with retroactive application from 1 January 2021. The EU guarantee, set at €26.2 billion, is expected to mobilise at least €372 billion of investment across the EU (in current prices). In addition, at Parliament's ...

The InvestEU programme is a single investment support mechanism for the 2021-2027 period. It brings together various EU financial instruments for internal policies previously supported by different funds and programmes of the EU budget. On 26 March 2021, the InvestEU Regulation entered into force, with retroactive application from 1 January 2021. The EU guarantee, set at €26.2 billion, is expected to mobilise at least €372 billion of investment across the EU (in current prices). In addition, at Parliament's insistence, European Investment Bank legacy portfolios will be consolidated with InvestEU, which could mobilise an extra €35-40 billion in investment. Under the national compartment, Member States are able to allocate amounts to InvestEU from funds under shared management and from the new Recovery and Resilience Facility. Composed of four policy windows (sustainable infrastructure; research, innovation and digitalisation; SMEs; and social investment and skills), InvestEU is designed to contribute to the green transition in various ways, including through investment targets and a horizontal Just Transition Scheme.

National ratification of the Own Resources Decision: State of play on 18 March 2021

22-03-2021

The Own Resources Decision (ORD) establishes how the EU budget is financed. Its entry into force requires approval by all EU Member States according to their constitutional requirements. In a majority of Member States, national parliaments are responsible for ratifying the decision. In the others, the government alone decides on the approval. Completion of the ratification procedure by all Member States has generally required more than two years. However, there is a greater sense of urgency for the ...

The Own Resources Decision (ORD) establishes how the EU budget is financed. Its entry into force requires approval by all EU Member States according to their constitutional requirements. In a majority of Member States, national parliaments are responsible for ratifying the decision. In the others, the government alone decides on the approval. Completion of the ratification procedure by all Member States has generally required more than two years. However, there is a greater sense of urgency for the ORD adopted by the Council in December 2020, since its entry into force is a pre-condition for the launch of the Next Generation EU (NGEU) recovery instrument. The objective is to complete the ratification procedure before summer 2021, with a view to ensuring the timely launch of NGEU. As of 18 March, 13 Member States have ratified the ORD: Belgium, Bulgaria, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Luxembourg, Malta, Portugal, and Slovenia.

Implementing the Own Resources Decision

22-03-2021

During its March II plenary session, the European Parliament is scheduled to vote on three Council regulations that complete the architecture of the revenue system of the EU budget. The consent procedure applies to the implementing measures, while legislative opinions (consultation procedure) are to be adopted on the operational provisions. Prior to the votes, Parliament will hold a joint debate on the broader reform of EU own resources, for which a roadmap and guiding principles have recently been ...

During its March II plenary session, the European Parliament is scheduled to vote on three Council regulations that complete the architecture of the revenue system of the EU budget. The consent procedure applies to the implementing measures, while legislative opinions (consultation procedure) are to be adopted on the operational provisions. Prior to the votes, Parliament will hold a joint debate on the broader reform of EU own resources, for which a roadmap and guiding principles have recently been established in the interinstitutional agreement on budgetary matters between Parliament, Council and the Commission.

EU climate action policy: Responding to the global emergency

18-03-2021

The European Green Deal aims to make the European Union climate-neutral by 2050, a target supported by all EU institutions. With this objective, the EU takes a leading role in addressing the global climate emergency. Achieving the climate-neutrality goal requires massive investment and an unprecedented transformation of all sectors of the economy. This study explains the physical basis of climate change and highlights its expected impacts on the EU. To give an overview of EU and international climate ...

The European Green Deal aims to make the European Union climate-neutral by 2050, a target supported by all EU institutions. With this objective, the EU takes a leading role in addressing the global climate emergency. Achieving the climate-neutrality goal requires massive investment and an unprecedented transformation of all sectors of the economy. This study explains the physical basis of climate change and highlights its expected impacts on the EU. To give an overview of EU and international climate policies, it outlines international climate agreements, EU climate action and the climate policies of major economies. It assesses the coherence of EU climate policy with other policy areas, and presents the financing of EU climate action through the EU budget and other instruments. To assess the implications of the climate neutrality objective, the study analysis the challenges and opportunities for the EU economy and its impacts on issues such as international relations, migration, trade, consumers and health . The final chapter addresses the issues facing European decision-makers and the outlook for European and global climate action in the context of the coronavirus pandemic.

InvestEU programme

03-03-2021

InvestEU is a single investment support mechanism for the 2021-2027 period, which streamlines various EU financial instruments for internal policies previously supported by different funds of the EU budget. Parliament is due to vote on the first-reading agreement on InvestEU during its March I 2021 plenary part-session.

InvestEU is a single investment support mechanism for the 2021-2027 period, which streamlines various EU financial instruments for internal policies previously supported by different funds of the EU budget. Parliament is due to vote on the first-reading agreement on InvestEU during its March I 2021 plenary part-session.

Own resources of the European Union: Reforming the EU's financing system

12-02-2021

On 14 December 2020, the Council adopted the decision that reforms the financing system of the EU budget, in the context of a package including the new multiannual financial framework (MFF) and the Next Generation EU (NGEU) recovery instrument. The agreed increase in the maximum level of resources that can be called from Member States is a pre-condition for NGEU borrowing operations. Ratification by all Member States is now required before the decision can enter into force, with retroactive application ...

On 14 December 2020, the Council adopted the decision that reforms the financing system of the EU budget, in the context of a package including the new multiannual financial framework (MFF) and the Next Generation EU (NGEU) recovery instrument. The agreed increase in the maximum level of resources that can be called from Member States is a pre-condition for NGEU borrowing operations. Ratification by all Member States is now required before the decision can enter into force, with retroactive application from 1 January 2021. Six Member States have ratified the decision as of 12 February 2021. Parliament fast-tracked its legislative opinion, adopted in September 2020, to enable the Council to ensure the timely launch of NGEU. In the broader negotiations on EU finances, Parliament pushed for a proper reform of the financing system underlining that the introduction of a basket of new own resources should cover at least the repayment costs of NGEU (for both principal and interest). Deeming the new plastics contribution a first partial step in this direction, Parliament managed to include a detailed roadmap for the introduction of various additional new own resources by 2026 in the interinstitutional agreement on budgetary matters with the Council and the European Commission. Envisaged resources are linked to EU policies on climate and the single market. Third edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.

EU-UK Trade and Cooperation Agreement: An analytical overview

02-02-2021

This EPRS publication seeks to provide an analytical overview of the Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK), which was agreed between the two parties on 24 December and signed by them on 30 December 2020, and has been provisionally applied since 1 January 2021. The European Parliament is currently considering the Agreement with a view to voting on giving its consent to conclusion by the Council on behalf of the Union. The paper analyses many ...

This EPRS publication seeks to provide an analytical overview of the Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK), which was agreed between the two parties on 24 December and signed by them on 30 December 2020, and has been provisionally applied since 1 January 2021. The European Parliament is currently considering the Agreement with a view to voting on giving its consent to conclusion by the Council on behalf of the Union. The paper analyses many of the areas covered in the agreement, including the institutional framework and arrangements for dispute settlement, trade in goods, services and investment, digital trade, energy, the level playing field, transport, social security coordination and visas for short-term visits, fisheries, law enforcement and judicial coordination in criminal matters, and participation in Union programmes. It looks at the main provisions of the Agreement in each area, setting them in context, and also gives an overview of the two parties' published negotiating positions in the respective areas.

Multiannual financial framework for the years 2021 to 2027: The future of EU finances

29-01-2021

As of 1 January 2021, the new multiannual financial framework (MFF) that details the structure of EU finances up to 2027 started to apply, following publication of the MFF Regulation in the Official Journal. In the wake of the coronavirus pandemic, the lengthy negotiations in the Council and European Council gained momentum when they became intertwined with the debate on the Next Generation EU recovery instrument. The European Parliament, which gave its consent on 16 December 2020, managed to obtain ...

As of 1 January 2021, the new multiannual financial framework (MFF) that details the structure of EU finances up to 2027 started to apply, following publication of the MFF Regulation in the Official Journal. In the wake of the coronavirus pandemic, the lengthy negotiations in the Council and European Council gained momentum when they became intertwined with the debate on the Next Generation EU recovery instrument. The European Parliament, which gave its consent on 16 December 2020, managed to obtain various changes it had strongly advocated, such as additional resources for flagship programmes and increased flexibility.

Economic and Budgetary Outlook for the European Union 2021

28-01-2021

This study, the fifth in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond, and summarises the main economic indicators in the EU and euro area and their two-year trends. It also explains the annual EU budget, provides an overview of its headings for 2021, and sets out the wider budgetary framework – the post-2020 multiannual financial framework (MFF) and the Next Generation EU recovery instrument. This year's special 'economic focus' puts the spotlight ...

This study, the fifth in an annual series, provides an overview of the economic and budgetary situation in the EU and beyond, and summarises the main economic indicators in the EU and euro area and their two-year trends. It also explains the annual EU budget, provides an overview of its headings for 2021, and sets out the wider budgetary framework – the post-2020 multiannual financial framework (MFF) and the Next Generation EU recovery instrument. This year's special 'economic focus' puts the spotlight on EU social and employment policies in the context of the coronavirus outbreak.

Parliament's consent to the 2021-2027 MFF

15-12-2020

During the December part-session, Parliament is due to vote on giving consent to the Council Regulation that establishes the EU's next multiannual financial framework (MFF). Parliament consent requires a majority of its component Members (353 votes). On 14 December, its Committee on Budgets voted to recommend granting consent, following intense negotiations with the Council, which have secured additional resources for a number of flagship EU programmes together with a number of other improvements ...

During the December part-session, Parliament is due to vote on giving consent to the Council Regulation that establishes the EU's next multiannual financial framework (MFF). Parliament consent requires a majority of its component Members (353 votes). On 14 December, its Committee on Budgets voted to recommend granting consent, following intense negotiations with the Council, which have secured additional resources for a number of flagship EU programmes together with a number of other improvements strongly advocated by Parliament.

Toekomstige activiteiten

13-04-2021
Decarbonisation of the energy system
Hoorzitting -
ITRE
13-04-2021
AFCO Public Hearing on the Reform of European Electoral Law - 13 April 2021
Hoorzitting -
AFCO
13-04-2021
Hearing on "Interference through advertisement"
Hoorzitting -
INGE IMCO

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