2010/0150(COD)

Programme to aid economic recovery: Community financial assistance to projects in the field of energy (amend. Regulation (EC) No 663/2009)

Procedure completed

2010/0150(COD) Programme to aid economic recovery: Community financial assistance to projects in the field of energy (amend. Regulation (EC) No 663/2009)
RoleCommitteeRapporteurShadows
Opinion BUDG GEIER Jens (S&D)
Lead ITRE VAN BREMPT Kathleen (S&D) CANCIAN Antonio (EPP), EK Lena (ALDE), TURMES Claude (Verts/ALE), TOŠENOVSKÝ Evžen (ECR), TZAVELA Niki (EFD)
Opinion REGI
Lead committee dossier: ITRE/7/03041
Legal Basis TFEU TFEU 194-p2
Subjects
Links

Activites

  • 2010/12/30 Final act published in Official Journal
  • 2010/12/15 Final act signed
  • 2010/12/15 End of procedure in Parliament
  • 2010/12/06 Act adopted by Council after Parliament's 1st reading
  • #3053
  • 2010/12/06 Council Meeting
  • 2010/11/25 CSL Final Agreement
  • 2010/11/11 Text adopted by Parliament, 1st reading/single reading
    • T7-0395/2010 summary
    • Results of vote in Parliament
  • 2010/11/11 Commission response to text adopted in plenary
  • 2010/10/27 Committee report tabled for plenary, 1st reading/single reading
  • 2010/10/26 Vote in committee, 1st reading/single reading
  • 2010/09/15 Economic and Social Committee: opinion, report
  • 2010/07/14 Deadline Amendments
  • 2010/06/28 Committee draft report
  • 2010/06/15 Committee referral announced in Parliament, 1st reading/single reading
  • 2010/05/31 EP officialisation
  • 2010/05/31 Legislative proposal
    • COM(2010)0283 summary
    • DG Regional Policy, OETTINGER Günther

Documents

Votes

Rapport Van Brempt A7-0246/2010 - Résolution législative

2010/11/11
Position Total ALDE ECR EFD GUE/NGL NI PPE S&D Verts/ALE correctional
For 582 70 43 15 20 6 226 156 46 0
Against 27 0 0 11 2 13 1 0 0 0
Abstain 7 0 3 1 3 0 0 0 0 0
AmendmentsDossier
67 2010/0150(COD) Programme to aid economic recovery: Community financial assistance to projects in the field of energy (amend. Regulation (EC) No 663/2009)
2010/06/28 ITRE, ITRE 7 amendments...
source: PE-443.045
2010/07/05 BUDG 7 amendments...
source: PE-445.700
2010/07/15 ITRE 51 amendments...
source: PE-445.669
2010/09/07 BUDG 2 amendments...
source: PE-445.743

History

(these mark the time of scraping, not the official date of the change)

2012-02-09
activities added
  • body
    EP
    date
    2010-05-31
    type
    EP officialisation
  • date
    2010-05-31
    docs
    • url
      http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexplus!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2010&nu_doc=0283
      text
      • PURPOSE: to amend Regulation (EC) No 663/2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy.

        PROPOSED ACT: Regulation of the European Parliament and of the Council.

        BACKGROUND: Regulation (EC) no 663/2009 established a programme to aid economic recovery for Europe (EEPR) by granting €3.98 billion by the end of 2010. This Community financing was allocated to three sub-programmes in the field of gas and electricity infrastructure projects; offshore wind electricity projects (OWE), and carbon capture and storage projects (CCS).

        It is estimated in the report from the Commission of 27 April 2010 on the implementation of the EEPR that almost the entire EEPR financial envelope will be committed in the course of spring 2010. An amount of around €114 million will however not be committed under the EEPR Regulation. The amount of uncommitted funds will be known by the end of 2010.

        In the spirit of the Europe 2020 strategy for sustainable growth and jobs, the development of further renewable sources and the promotion of energy efficiency would contribute to Greener Growth, building a competitive and sustainable economy, and tackling climate change. By giving support to these policies, Europe will create new jobs and green market opportunities fostering the development of a competitive, secure and sustainable economy.

        Providing for increased financial incentive and technical assistance is a key element to address the barriers of high up-front cost and lack of information and stimulate sustainable energy improvements. In a market constrained by the prevailing economical crises and in a time of caution by commercial banks, generating low investment rates, there are additional barriers for project financing to promote this policy area. Existing experiences across Europe demonstrate how well-targeted and well-designed financial aid policies can lead to massive improvement and succeed to tap the development potential of sustainable energy.Investments help in sustainable energy can be most effective and beneficial when targeted at municipal and local levels.

        In the 2nd Strategic Energy Review, the European Commission's announced its intention to launch a Sustainable Energy Financing Initiative in cooperation with the European Investment Bank and other International Financial Institutions (IFIs) in order to establish appropriate financing mechanisms for the massive development of energy efficiency and renewable energies.

        A dedicated financial instrument to support energy efficiency and renewable initiatives within the Sustainable Energy Financing Initiative should therefore be created to use the uncommitted funds under Chapter II of Regulation (EC) No 663/2009.

        IMPACT ANALYSIS: no impact analysis was carried out.

        LEGAL BASIS:  Article 194(1)(c) of the Treaty on the functioning of the European Union (TFEU).

        CONTENT: the Commission is proposing to use the uncommitted funds under Chapter II of the EEPR Regulation for the creation of a dedicated financial instrument to support energy efficiency and renewable initiatives within the Sustainable Energy Financing Initiative. The financial facility shall support the development of bankable energy efficiency and renewable energy projects and facilitate the financing of investments in energy efficiency and renewable energy, in particular in urban settings. In order to foster a large number of decentralised investments, municipal, local and regional public authorities will be the beneficiaries. The approach will build up on the success of the Covenant of Mayors, signed up by more than 1600 regions and cities across Europe.

        The sustainable energy projects to be financed include public and private buildings, high energy efficient combined heat and power (CHP) and district heating/cooling networks (in particular from renewable  energy sources), decentralised renewable energy sources embedded in local settings, clean urban transport and local infrastructure such as smart grids, efficient street lighting, and smart metering.

        So as to maximise the impact of the EU funding in the short term, the facility should be managed by one or several financial intermediaries such as International Financial Institutions (IFIs). The selection should be operated on the basis of the demonstrated capacity of the financial intermediaries to use the funding in the most efficient and effective way and with the highest leverage between the EU funding and the total investment in order to raise significant investments in the EU.

        In compliance with Regulation (EC) No 663/2009, the facility should be limited to the financing of measures that have a rapid, measurable and substantial impact on economic recovery within the EU, increased energy security and reduction of greenhouse gas emissions. The criteria set out in Regulation (EC) No 663/2009 should fully apply to the selection and eligibility of the measures financed under the facility. The geographical balance of the projects should also be taken into account as an essential element.

        Since the exact amount of uncommitted funds may be known just by the end of 2010, individual legal commitments implementing budgetary commitments should be made by 31 March 2011.

        Due to the urgent need to address the economic crises and the Union's pressing energy needs, expenditure should be eligible as from 13 July 2009 as many applicants requested the eligibility of expenditure from the submission of the grant application in line with Regulation (EC, Euratom) No 1605/2002 (Financial Regulation).

        BUDGETARY IMPLICATION: this proposal has no implication for the European Union's budget.

      celexid
      CELEX:52010PC0283:EN
      type
      Legislative proposal published
      title
      COM(2010)0283
    body
    EC
    commission
    • DG
      Regional Policy
      Commissioner
      OETTINGER Günther
    type
    Legislative proposal
  • date
    2010-06-15
    body
    EP
    type
    Committee referral announced in Parliament, 1st reading/single reading
    committees
  • date
    2010-06-28
    docs
    • url
      http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE443.045
      type
      Committee draft report
      title
      PE443.045
    body
    EP
    type
    Committee draft report
  • body
    EP
    date
    2010-07-14
    type
    Deadline Amendments
  • date
    2010-09-15
    docs
    • url
      http://eescopinions.eesc.europa.eu/eescopiniondocument.aspx?language=EN&docnr=1188&year=2010
      title
      CES1188/2010
      type
      Economic and Social Committee: opinion, report
      celexid
      CELEX:52010AE1188:EN
    body
    ESOC
    type
    Economic and Social Committee: opinion, report
  • date
    2010-10-26
    text
    • The Committee on Industry, Research and Energy adopted the report drafted by Kathleen VAN BREMPT (S&D, BE) on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EC) No 663/2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy (EERP).

      It recommended that the European Parliament's position at first reading under the ordinary legislative procedure (formerly known as the codecision procedure) should be to amend the Commission proposal as follows:

      Financial Facility: the report states that the facility shall be limited to the financing of investment projects and technical assistance for renewable energy and energy efficiency projects. Such investment projects contribute to green growth, the development of a competitive, connected, sustainable and green economy, as well as to the protection of employment, job creation and tackling climate change, in accordance with the "Europe 2020" objectives. These shall include, in particular, projects concerning:

      • microgeneration from renewable energy sources;
      • clean urban transport to support increased energy efficiency and integration of renewable energy sources, with an emphasis on public transport, electric and hydrogen vehicles and reduced greenhouse gas emissions;
      • local infrastructure, including efficient lighting of outdoor public infrastructure including street lighting, electricity storage solutions, smart metering, and smart grids, that make full usage of ICT;
      • energy efficiency and renewable energy technologies with innovation and economic potential using the best available procedures.

      The facility shall sustain investment projects demonstrating an economic and financial viability, in order to refund the investments allocated by the facility and to attract public and private investments.

      Furthermore, up to 15% of the funding that cannot be committed under Chapter II of Regulation (EC) 663/2009 may be used to provide technical assistance to local, regional or national, authorities on the setting up of, and on the initial deployment phase of technology related to, energy efficiency and renewable energy projects.

      Financial intermediaries: the proposal provides that the financial facility should be managed by one or several financial intermediaries. According to the report, the financial intermediaries shall endeavour to allocate all the funding from the Union contribution available in the facility to investment projects and to technical assistance for renewable energy and energy efficiency projects by 31 March 2014. No funding from the Union contribution shall be allocated after that date.

      All funding from the Union contribution not allocated by the financial intermediaries by 31 March 2014 shall be returned to the Union budget. The funding from the Union contribution allocated to investment projects shall remain invested for a specified length of time that may not extend beyond 31 March 2034.

      The Union shall be entitled to returns on its investment in the facility throughout the lifetime of the facility, in proportion to its contribution to the facility and in accordance with its shareholder rights.

      The selection of such financial intermediaries should take place on the basis of their demonstrated ability to use the funding in the most efficient and effective way, with the objective of maximising the participation, within the shortest possible time, of other public and private investors.

      Funding that cannot be committed under Chapter II of Regulation (EC) 663/2009:funding which cannot be subject to individual legal commitments under Chapter II for an amount of EUR 146.344.644,50 shall be for the facility for the purpose of developing suitable funding instruments in cooperation with financial institutions.

      Eligibility of expenditure: due to the urgent need to address the economic crisis, the report states that expenditure incurred under Chapter II of Regulation (EC) 663/2009 should be eligible as from 13 July 2009.  Expenditure incurred under Chapter IIa should be eligible as from 1 January 2011.

      Synergies:Members consider that when granting financial or technical assistance, attention shall also be paid to synergies with other financial resources available in the Member States, such as the Structural and Cohesion Funds and the European Local Energy Assistance (ELENA) Facility, in order to avoid overlaps with other instruments. The facility shall make available online all information on programme management that is relevant for interested parties.

      Factors to be taken into account: as regards the selection of projects, particular attention shall be paid to the geographical balance.

      As regards the financing of investment projects, the leverage factor for individual investment projects may vary, depending on a number of factors such as the actual size and type of a project and on local conditions including the size and financial capabilities of the beneficiary.

      Conditions for public authorities' access to financing under the facility: public authorities requesting financing shall comply with the following conditions:

      • they have made, or are making, a political commitment to mitigate climate change, where appropriate including concrete objectives, for example relating to increasing energy efficiency and/or the use of energy from renewable sources;
      • they are either working towards developing multi-annual strategies to mitigate climate change and, where appropriate, to attain their objectives, or are participating in a multi-annual strategy at local, regional or national level to mitigate climate change.

      Evaluation and reporting: by 30 June 2013 the Commission shall submit a mid-term evaluation report on the measures taken under the Financial Facility. The report shall be accompanied by a legislative proposal for the continuation of the facility.

    body
    EP
    committees
    type
    Vote in committee, 1st reading/single reading
  • date
    2010-10-27
    docs
    • url
      http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2010-0246&language=EN
      type
      Committee report tabled for plenary, 1st reading/single reading
      title
      A7-0246/2010
    body
    EP
    committees
    type
    Committee report tabled for plenary, 1st reading/single reading
  • date
    2010-11-11
    docs
    body
    EP
    type
    Text adopted by Parliament, 1st reading/single reading
  • date
    2010-11-11
    docs
    • url
      http://www.europarl.europa.eu/oeil/spdoc.do?i=18767&j=0&l=en
      type
      Commission response to text adopted in plenary
      title
      SP(2011)610
    body
    EC
    commission
    • DG
      Regional Policy
      Commissioner
      OETTINGER Günther
    type
    Commission response to text adopted in plenary
  • body
    CSL
    date
    2010-11-25
    type
    CSL Final Agreement
  • date
    2010-12-06
    body
    type
    Act adopted by Council after Parliament's 1st reading
  • date
    2010-12-06
    body
    CSL
    type
    Council Meeting
    council
    Employment, Social Policy, Health and Consumer Affairs
    meeting_id
    3053
  • date
    2010-12-15
    body
    type
    Final act signed
  • date
    2010-12-15
    body
    EP
    type
    End of procedure in Parliament
  • date
    2010-12-30
    text
    • PURPOSE: to create a dedicated financial instrument to support energy efficiency and renewable initiatives within the Sustainable Energy Financing Initiative.

      LEGISLATIVE ACT: Regulation (EU) No 1233/2010 of the European Parliament and of the Council amending Regulation (EC) No 663/2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy.

      CONTENT: following a first-reading agreement reached with the European Parliament, the Council adopted this Regulation allowing for the financing of investment projects in the area of energy efficiency and energy from renewable sources, by local, regional and national public authorities, in particular in urban settings.

      The total amount allocated to this financial facility is EUR 146.3 million which comes from unspent funds from the European Energy Programme for Recovery as established by regulation 663/2009, in line with the Commission declaration annexed to the regulation.

      Regulation 663/2009 established a programme to aid economic recovery in Europe by granting EUR 3.98 billion for 2009 and 2010 to projects in the field of energy, in particular gas and electricity infrastructure, offshore wind electricity and carbon capture and storage (CCS).

      The facility shall be used, in particular, for projects concerning:

      ·         public and private buildings incorporating energy efficiency and/or renewable energy solutions including those based on the usage of Information and Communication Technologies (ICT);

      ·         investments in high energy efficient combined heat and power (CHP), including micro-cogeneration, and district heating/cooling networks, in particular from renewable energy sources;

      ·         decentralised renewable energy sources embedded in local settings and their integration in electricity grids;

      ·         micro-generation from renewable energy sources;

      ·         clean urban transport to support increased energy efficiency and integration of renewable energy sources, with an emphasis on public transport, electric and hydrogen vehicles and reduced greenhouse gas emissions;

      ·         local infrastructure, including efficient lighting of outdoor public infrastructure such as street lighting, electricity storage solutions, smart metering, and smart grids, that make full usage of ICT;

      ·         energy efficiency and renewable energy technologies with innovation and economic potential using the best available procedures.

      The facility may be also used to provide incentives and technical assistance as well as to raise the awareness of local, regional and national authorities so as to ensure optimal use of the Structural and Cohesion Funds, in particular in the areas of energy efficiency and renewable energy improvements in housing and other types of buildings. The facility shall sustain investment projects demonstrating an economic and financial viability, in order to refund the investments allocated by the facility and to attract public and private investments.

      Thus, the facility may, inter alia, include provisioning and capital allocation for loans, guarantees, equity and other financial products. Furthermore, up to 15% of the funding may be used to provide technical assistance to local, regional or national, authorities on the setting up of, and on the initial deployment phase of technology related to, energy efficiency and renewable energy projects.

      To maximise the impact of the Union funding in the short term, the facility should be managed by one or more financial intermediaries such as international financial institutions.

      Evaluation report: by 30 June 2013, the Commission shall submit to the European Parliament and the Council a mid-term evaluation report on the measures taken under the financial facility. The report shall, if appropriate, be accompanied by a legislative proposal for the continuation of the facility.'

      ENTRY INTO FORCE: 30/12/2010.

    type
    Final act published in Official Journal
    docs
committees added
  • body
    EP
    responsible
    False
    committee
    BUDG
    date
    2010-06-02
    committee_full
    Budgets
    rapporteur
    • group
      S&D
      name
      GEIER Jens
  • body
    EP
    shadows
    responsible
    True
    committee
    ITRE
    date
    2010-06-15
    committee_full
    Industry, Research and Energy
    rapporteur
    • group
      S&D
      name
      VAN BREMPT Kathleen
  • body
    EP
    responsible
    False
    committee_full
    Regional Development
    committee
    REGI
links added
National parliaments
European Commission
other added
  • body
    EC
    dg
    Regional Policy
    commissioner
    OETTINGER Günther
procedure added
dossier_of_the_committee
ITRE/7/03041
reference
2010/0150(COD)
subtype
Legislation
legal_basis
  • Treaty on the Functioning of the EU TFEU 194-p2
stage_reached
Procedure completed
instrument
Regulation
title
Programme to aid economic recovery: Community financial assistance to projects in the field of energy (amend. Regulation (EC) No 663/2009)
type
COD - Ordinary legislative procedure (ex-codecision)
final
subject

code AGPLv3.0+, data ODBLv1.0, site-content CC-By-Sa-3.0
© European Union, 2011 – Source: European Parliament