Electric industry demands more EU funds to support just transition

The European electricity industry has become the latest interest group to demand more money to support regions heavily dependent on fossil fuels through decarbonisation.

Eurelectric, the lobby group representing the whole electricity sector, said in a position paper published on Thursday that the €7.5bn earmarked by the European Commission in its proposal for a Just Transition Fund is “not sufficient for the objectives of the fund and will in fact leave some regions behind”.

Member states should also not have their allocation capped at €2bn, the association added, while aid intensity rules used by the European Investment Bank should be applied to the JTF to allow for the maximum aid level to correspond to the maximum financing level of 75%.

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