European Green Deal: 12 things you need to know about the Just Transition Mechanism

This week the European Commission revealed details of the Just Transition Fund, its first legislative proposal for its flagship economic plan to decarbonise Europe by 2050, the European Green Deal. The JTF is aimed at fossil fuel dependent regions and those with carbon intensive industries which need support to transition.

Commission green deal chief, vice president Frans Timmermans told MEPs in Strasbourg the just transition proposal was “a message to coal miners in Asturias, Western Macedonia or Silesia, to the peat harvesters in the Irish midlands, Baltic regions relied on oil shale and many more. We know that you face a steeper path towards climate neutrality … This Just Transition Mechanism of at least €100bn is a pledge that the EU stands with you.

1. Mechanism forms part of European Green Deal investment pot
The €100bn Just Transition Mechanism (JTM) is part of the 10-year €1trn European Green Deal Investment Plan (EGDIP, also known as the Sustainable Europe Investment Plan) which will fund the decarbonisation of the EU. 

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