The European Commission’s €7.5-billion-strong Just Transition Fund (JTF) is set to allocate €2 billion to Poland and €877 million to Germany under a proposal sent to national governments on Wednesday (15 January).
The wide-ranging European Green Deal provides for a European fund for a just transition, which is meant to support regions that are economically highly dependent on fossil fuels. But not all member states will benefit from it. EURACTIV France reports.
The European Commission finally lifted the lid on its long-awaited just transition plans on Tuesday (14 January) but doubts have already been raised over the amount of funding on offer for the next decade compared to the bloc's Green Deal ambitions.
The EU's regional policy Commissioner Elisa Ferreira revealed on Tuesday (14 January) details of the €100 billion Just Transition Mechanism, a key financial component of the European Green Deal that should make the bloc climate neutral by 2050.
The European Commission will propose on Tuesday (14 January) how the EU can pay for shifting the region's economy to net-zero CO2 emissions by 2050 while protecting coal-dependent regions from taking the brunt of changes aimed at fighting climate change.
The creation of a Just Transition Fund to help poorer EU regions move towards a climate-neutral economy cannot come at the expense of the bloc's Cohesion Policy, the EU's regional policy Commissioner has said.
It might not be the sexiest debate but how the EU will look in the next seven years will depend on the outcome of one of the toughest upcoming fights in 2020: the negotiation over the bloc’s next long-term budget.