MEPs back ringfencing Juncker Plan money by a single vote

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Series Details 14.04.15
Publication Date 14/04/2015
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The European Parliament's Industry, Research and Energy Committee (ITRE) backed on 14 April 2015, by a single vote, an amendment to the Juncker Investment package which allocates €5 billion for energy efficiency projects.

According to EurActiv, it was widely thought that the push to earmark funds in the European Fund for Strategic Investments (EFSI) would fail. The EFSI is the legislation putting the Juncker Plan into practice.

The Belgian MEP Kathleen Van Brempt was given the mandate to negotiate the inclusion of this amendment with the Council of the European Union.

A dispute between four committees of the EP (industry, transport, economic affairs and budget) became evident after this vote, due to a disagreement on the competence to earmark money for this kind of projects.

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Related Links
ESO: Background information: Energy efficiency investment reaches 'tipping point'
ESO: Background information: Project financing: Council agrees negotiating stance on European fund for strategic investments
European Parliament: Industry, Research and Energy Committee: Draft Opinion of the Committee on Industry, Research and Energy for the Committee on Budgets on the Draft amending budget No 1/2015: European Fund for Strategic Investments (EFSI)
EUObserver, 15.04.15: MEPs want Juncker fund to focus on energy saving projects
EUObserver, 17.04.15: Parliamentary power struggle may delay Juncker fund
EurActiv, 20.04.15: Irish PM ordered MEP to drop support for EU energy savings fund

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