Question for Written Answer Z-050/2020 to the European Central Bank Rule 140 Marie Toussaint, David Cormand, Grace O'sullivan, B

Question for written answer Z-050/2020 to the European Central Bank Rule 140 Marie Toussaint, David Cormand, Grace O'Sullivan, Bronis Ropė, Ville Niinistö, Tilly Metz, Bas Eickhout, Saskia Bricmont, Henrike Hahn, Anna Cavazzini, Margrete Auken, Kira Marie Peter-Hansen, Ernest Urtasun, Alice Kuhnke, Jakop G. Dalunde, Pär Holmgren, Ciarán Cuffe, Monika Vana, Mounir Satouri, Damien Carême, Yannick Jadot, Michèle Rivasi, Karima Delli, Caroline Roose, Salima Yenbou, François Alfonsi, Benoît Biteau, Gwendoline Delbos-Corfield, Claude Gruffat, Jutta Paulus, (all Verts/ALE) Subject: The ECB's late action With the Covid crisis, the ECB intends to buy at least €1470 billion of assets in 2020-2021 and inject more than €3000 billion in liquidity. However, contrary to the EU Commission and many EU leaders’ calls for a green recovery, the ECB’s response does not integrate any climate criteria. Its corporate asset purchases alone could support polluting companies to up to €220 billion. 38 fossil fuel companies, including 10 active in coal and 4 in shale oil and gas, will benefit from it. Moreover, refinancing operations allow banks to get financed at a historically low long-term rate while depositing even the most polluting assets. While the ECB plans on discussing climate integration during its strategic review, this process won’t be finished until mid-2021 and won’t have concrete effects before 2022. What does the ECB plan on doing to immediately reduce the indirect support that its operations provide to fossil fuel companies and firms not aligned with European climate objectives? Since its President talked about the ECB capacity of immediately determining brown assets, will the ECB exclude them? QZ\1210999EN.docx PE655.859v01-00 EN United in diversityEN.

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Letter to the Commission Regarding Printers Voluntary Agreement
Brussels, Wednesday 26th of May To: Mr Virginijus Sinkevičius, European Commissioner for Environment, Oceans and Fisheries Mr Thierry Breton, European Commissioner for the Internal Market Mr Frans Timmermans, European Commission Executive Vice-President for the European Green Deal We urge the European Commission to keep its promises and propose a regulatory measure addressing the durability and repairability of printers as well as the reusability of cartridges as part of the forthcoming Circular Electronics Initiative. And we ask that the Commission rejects the proposed voluntary agreement drafted by manufacturers. The Commission's flagship Circular Economy Action Plan, adopted in March 2020, has set out to address the entire life cycle of products and tackle their premature obsolescence notably by promoting the right to repair for ICT products. In addition to mobile phones, laptops and tablets, the Plan has rightfully identified printers as a particularly wasteful product category, and has included a commitment to tackle them by means of a dedicated regulatory instrument “unless the sector reaches an ambitious voluntary agreement” by September 2020. Nearly one year later, the discussions on the voluntary agreement have not yielded any tangible results. Voluntary approaches clearly do not work. We need strong regulatory action now. We are extremely concerned by this situation. Not only because of the negative impacts of short-lived printers on the environment and on consumers but also because we are witnessing promises made being walked back on. Printers are one of the most iconic examples of premature obsolescence. Our analysis of printers in use today suggests that over 80% of them have been in use for less than 3 years, and only about 4% have been in use for 5 years or longer.
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