LIFE II: financial instrument for the environment (amend. regul. 1973/92/EEC)

The report by Mrs Elena MARINUCCI (PSE/I) which was adopted by Parliament made a number of amendments to the common position adopted by the Council with a view to adopting a Regulation establishing a financial instrument for the environment (Life). Parliament considered that the financial reference amount for implementation of the second phase for the period 1996-1999 should be ECU 600 m. It also considered it essential to: - reinstate the reference to rivers which flow into coastal areas and to the sustainable management of the wetlands created by such rivers; - reinstate the reference to protection of water resources and water management be provided for as part of the preparatory activities; - reinstate the reference to the conservation or restoration from the point of view of nature protection, of significant habitats of threatened species of flora and fauna; - point out that the flanking measures should cover both the activities undertaken during the second stage and the remainder of the activities coming under the first stage; - specify more clearly the assessment and selection procedure for innovative projects. �