Changes from plenary report to adopted text

Change 1

AddedRecital 1: (1) Decision (EU) 2022/591 of the European Parliament and of the Council of 6 April 2022 laying down a General Union Environment Action Programme to 203012 confirmed that monitoring, including sound information on the key trends, pressures and drivers for environmental change is essential for the development of effective policy, its implementation to reach the environmental objectives of the Union, and the empowerment of citizens. Instruments should be developed with a view to enhancing general awareness of the effects of economic activity on the environment and the contribution of the environment to the economy and to wellbeing. Environmental economic accounts is one such instruments.

RemovedRecital 1: (1) Decision No 2022/591 of the European Parliament and of the Council of 6 April 2022 laying down a General Union Environment Action Programme to 203012 confirmed that monitoring, including sound information on the key trends, pressures and drivers for environmental change is essential for the development of effective policy, its implementation to reach the environmental objectives of the Union, and the empowerment of citizens. Instruments should be developed with a view to enhancing general awareness of the effects of economic activity on the environment and the contribution of the environment to the economy and to wellbeing. Environmental economic accounts is one such instruments.

Change 2

ChangedRecital 6 c (new): (6c) Adaptation is a key component of the long-term global response to climate change. It is necessary to address the growing climate-related risks to health, including more frequent and intense heatwaves, wildfires and floods, food and water safety and security threats, and the emergence and spread of infectious diseases. The adverse effects of climate change can potentially exceed the adaptive capacities of Member States. Therefore, Member States and the Union should enhance their adaptive capacity, strengthen resilience and reduce vulnerability to climate change, as provided for in Article 7 of the Paris Agreement, as well as maximise the co-benefits with other policies and legislation. Article 5 of Regulation (EU) 2021/1119 requires that Member States adopt comprehensive national adaptation strategies and plans based on robust climate change and vulnerability analyses, progress assessments and indicators, while guided by the best available and most recent scientific evidence. As it is necessary to monitor progress towards climate adaptationadaptation, athe newCommission moduleshould onpresent climatea adaptationlegislative shouldproposal beto adoptedadopt bya meansnew ofmodule delegatedon acts,climate adaptation, capturing all the relevant data and reporting values related to climate change adaptation.

Change 3

ChangedRecital 6 d (new): (6d) Biodiversity loss is among the key vulnerabilities faced by economies, together with and amplified by climate change. Biodiversity is crucial for food security, human well-being and overall resilience of societies and economies. Member States and the Union should therefore enhance their response to the biodiversity crisis in line with their international commitments under the Kunming-Montreal Global Biodiversity Framework. As it is necessary to monitor progress towards reversing the decline of biodiversity, athe newCommission moduleshould onpresent biodiversitya shouldlegislative beproposal adoptedto byadopt meansa ofnew delegatedmodule acts.on biodiversity.

Change 4

ChangedRecital 6 e (new): (6e) Ecosystem accounts, as a means to present data on the extent and condition of ecosystem assets and the services they provide to society and the economy, aim to put a value to nature, allowing the costs to nature to be taken better into consideration. The aim of establishing monetary values should be to raise visibility on the cost of non-action and to support the Union to achieve its environmental objectives. In order to deliver its intended effects fully, the module should in the future be further developed, including by possibly adding reporting on monetary values, while ensuring at the same time that the intrinsic value of nature and biodiversity is not undermined and avoiding the commercialisation as well as monetisation of nature.values.

Change 5

ChangedRecital 11: (11) Given the urgent need to expand the system of European environmental economic accounts (EEEA) for policy-making and monitoring, the Commission should be empowered to adopt,present bya meanslegislative ofproposal delegatedto acts,adopt the new modules listed in this Regulation and to improve and further develop the existing modules set out in annexes to Regulation (EU) No 691/2011.

Change 6

ChangedArticle 1 – paragraph 1 – point 2 – point a a (new), Article 3 – paragraph 1 a (new): (aa)(a a) the following paragraph is inserted: / 1a."1a. By ... [3 years from the date of entry into force of this Regulation] the Commission shall adoptpresent delegateda actslegislative proposal in accordance with Article 9 to supplement this Regulation withdevelop the following further modules: / (a) Energy subsidies including fossil fuel subsidies; / (b) Subsidies or support measures potentially harmful for the environment other than those pursuant to point (a); / (c) Water Accounts (quantitative and qualitative); / (d) Waste Account; / (e) Circular material use rate; / (f) Climate mitigation; / (g) Climate adaptation; / (h) Protection and restoration of biodiversity and ecosystems; / (i) Pollution prevention and control; / (j) Resource Management Expenditure Accounts, including critical raw material; / (k) Environmental footprint.footprint.";

Change 7

ChangedArticle 1 – paragraph 1 – point 2 – point b, Article 3 – paragraph 4a: 4a. By .... [18 months from the date of entry into force of this Regulation], the Commission (Eurostat) shall submit a report to the European Parliament and to the Council on the monetary valuation of ecosystem services. The report shall include an assessment of methodological possibilities and the feasibility of monetary valuation, possible reporting values where those values are missing and possible alternative ways of measuring for Ecosystem services Accounts. The report shall also include possible shortcomings and other aspects lacking from such an approach and solutions of how to avoid undermining the intrinsic value of nature and biodiversity and the commercialisation as well as monetisation of nature. The report may, where appropriate, be accompanied by a legislative proposal to amend this Regulation.;

Change 8

RemovedArticle 1 – paragraph 1 – point 2 – point b b (new), Article 3 – paragraph 4a b (new): (ba) the following paragraph 4ab is inserted: / 4ab. The Commission is empowered to adopt delegated acts in accordance with Article 9 to amend the annexes in order to adapt and further develop the modules.

RemovedRegulation (EU) No 691/2011