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The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism (JTM), along with the Just Transition Fund and just transition scheme under Invest EU. The facility consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget (including assigned revenues) and EIB lending of €10 billion from its own resources, the aim is for the public sector loan facility to mobilise between €25 and 30 billion in public ...

Just Transition Fund

Briefing 20-09-2021

The EU aims to cut greenhouse gas emissions by at least 55 % by 2030 and achieve climate neutrality by 2050. This will require a socio-economic transformation in regions relying on fossil fuels and high-emission industries. As part of the European Green Deal, on 14 January 2020, the European Commission adopted a proposal for a regulation to create the Just Transition Fund, aimed at supporting EU regions most affected by the transition to a low carbon economy. In the context of recovery from the coronavirus ...

This study explores the prospects of aligning citizens' behaviour with the objectives of the European Green Deal in the domains of food consumption and mobility. Creating a climate-neutral and resource-efficient European economy requires a deep transformation of energy, mobility and food systems, as well as a change in production and consumption practices. Such profound change will impact both individuals and society. At the same time, the transition to sustainability will not succeed if people do ...

Eighth Union Environment Action Programme

Auf einen Blick 01-07-2021

The Environment Action Programme (EAP) provides a framework for the EU's overall environmental policy development and guide policy-making through identifying priorities and setting out a long-term vision and goals. In October 2020, the Commission adopted a proposal for a decision on a general EU Environment Action Programme to 2030, to continue from the seventh EAP, which expired at the end of 2020. The European Parliament is expected to vote on the proposal during the July 2021 session, fixing its ...

Revision of the TEN-T Regulation

Briefing 30-06-2021

Regulation (EU) 1315/2013 (the Trans-European Transport Network (TEN-T) Regulation), has shaped EU transport infrastructure policy by strengthening the network approach. It has furthermore established guidelines for national and EU investment in transport infrastructure, and introduced targeted funding under the Connecting Europe Facility and other relevant EU schemes. In the context of new technological and social challenges and new policy approaches, the TEN-T Regulation needs to better address ...

As part of its plan for recovery from the coronavirus pandemic, South Korea has launched its own Green New Deal. Announced in July 2020, this initiative will invest €54.3 billion mostly for enabling a shift to green infrastructure, low-carbon and decentralised energy, for spurring innovation in green industry and for creating 659 000 jobs. The plan will also support the commercial development of technology for large-scale carbon capture utilisation and storage (CCUS). In October 2020, South Korea's ...

The public sector loan facility (PSLF) is the third pillar of the Just Transition Mechanism, along with the Just Transition Fund and just transition scheme under InvestEU. The PSLF consists of a grant and a loan component. With the contribution of €1.525 billion for the grant component from the Union budget and European Investment Bank lending of €10 billion from its own resources, the aim is to mobilise between €25 and 30 billion in public investment over the 2021-2027 period (in 2018 prices). Funding ...

The proceedings summarize the expert presentations and discussions of the workshop on the extension of the EU ETS to transport emissions. The workshop served to prepare the ENVI Committee for the upcoming legislative “Fit for 55” package of proposals, as part of the European Green Deal. The presentations focused on options and implications of the future inclusion of road transport, shipping and aviation in the EU ETS. This document was provided by the Policy Department for Economic, Scientific and ...

Recovery and Resilience Plans - An overview

Eingehende Analyse 15-06-2021

This document provides an overview of the adoption of the Recovery and Resilience Plans (RRPs) under the Recovery and Resilience Facility (RRF) and some relevant developments. The document will be regularly updated.

The transatlantic relationship has been witnessing a significant injection of renewed enthusiasm and policy activity since Joe Biden became President of the United States in January 2021. This paper focuses on three important issues on the rapidly evolving transatlantic policy agenda, exploring their potential for generating, in effect, new 'common global goods' during the Biden presidency. First, it looks at pathways towards developing some kind of 'transatlantic green deal', taking climate action ...