Just Transition Fund

11-09-2020

The EU’s ambition to achieve climate neutrality will require a transformation in those regions relying on fossil fuels and high-emission industries. The Just Transition Fund of €17.5 billion, complementing the existing cohesion policy funds, will provide support to address the social, economic and environmental impacts of the transition in the most affected territories. The European Parliament is expected to vote during the September plenary session on its legislative resolution outlining the Parliament’s first-reading position on the proposed regulation, and refer the file back to the Committee on Regional Development (REGI) for interinstitutional negotiations.

The EU’s ambition to achieve climate neutrality will require a transformation in those regions relying on fossil fuels and high-emission industries. The Just Transition Fund of €17.5 billion, complementing the existing cohesion policy funds, will provide support to address the social, economic and environmental impacts of the transition in the most affected territories. The European Parliament is expected to vote during the September plenary session on its legislative resolution outlining the Parliament’s first-reading position on the proposed regulation, and refer the file back to the Committee on Regional Development (REGI) for interinstitutional negotiations.