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Regulation (EU) 2021/1229 of the European Parliament and of the Council of 14 July 2021 on the public sector loan facility under the Just Transition Mechanism

article  15

CELEX:  32021R1229

Selection of finance partners other than the EIB
1. The Commission shall set out the conditions and procedures for selecting finance partners other than the EIB by means of implementing acts. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 20.
2. The conditions for selecting finance partners other than the EIB shall reflect the objectives of the Facility.
Regulation (EU) 2021/1229 of the European Parliament and of the Council of 14 July 2021 on the public sector loan facility under the Just Transition Mechanism

article  15

CELEX:  32021R1229

3. In particular, when selecting finance partners, the Commission shall take into account the capacity of potential finance partners:
(a) to ensure that their lending policy is consistent with Union environmental and social standards, the Union’s 2030 climate and energy targets and the objective of climate neutrality in the Union by 2050;
(b) to contribute sufficient own resources to maximise the impact of the Union grant;
(c) to ensure appropriate geographical coverage of the Facility and allow for the financing of smaller individual projects;
(d) to implement thoroughly the requirements set out in Article 155(2) and (3) of the Financial Regulation concerning money laundering, terrorism financing, tax avoidance, tax fraud, tax evasion and non-cooperative jurisdictions;
(e) to ensure transparency and adequate visibility concerning each project financed through the Facility.
4. The Commission shall publish the list of the finance partners selected in accordance with this Article.