The Just Transition Mechanism, a €100bn portion of a 10-year trillion-euro Sustainable Europe Investment Plan first announced last month as part of commission president Ursua von der Leyen’s European Green Deal package, will focus support for fossil fuel dependent regions and sectors, according to draft proposals seen by ENDS.
The JTM will lean on three pillars: a €7.5bn (2018 prices) Just Transition Fund (JTF), dedicated funding of around €30bn-€50bn under InvestEU, and public lending from the European Investment Bank, the draft says.
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