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Just Transition Fund [EU Legislation in Progress][Policy Podcast]

Written by Pernilla Jourde and Agnieszka Widuto (1st edition),

© matthi / Shutterstock.com

The EU aims to cut greenhouse gas emissions by at least 50 % by 2030 and achieve climate neutrality by 2050. The Parliament urges the EU to speed up the process and to commit to at least 55 % by 2030. These goals will require a socio-economic transformation in regions relying on fossil fuels and carbon-intensive industries. As part of the European Green Deal, on 14 January 2020, the European Commission adopted a proposal for a regulation to create the Just Transition Fund, aimed at supporting EU regions most affected by the transition to a low carbon economy.

Funding will be available to all Member States, while focusing on regions with the biggest transition challenges. The fund will support workers, companies, and regional authorities, encouraging investments that facilitate the transition. The proposed budget for the Just Transition Fund (JTF) is €7.5 billion, to be complemented with resources from cohesion policy funds and national co‑financing (up to a total of €30-50 billion). The Fund will be part of a Just Transition Mechanism, which also includes resources under InvestEU and loans from the European Investment Bank. Total funding mobilised under the mechanism is expected to reach €100 billion, according to the Commission.

In the European Parliament, the file has been entrusted to the Committee on Regional Development. Following a workshop on 19 February 2020, the rapporteur Manolis Kefalogiannis (EPP, Greece) is expected to present his draft report on 2 April 2020. The Committee vote is currently scheduled for 23 June 2020.

Versions

Proposal for a regulation of the European Parliament and of the Council establishing
the Just Transition Fund
Committee responsible: Regional Development (REGI) COM(2020) 22
14.1.2020
Rapporteurs: Manolis Kefalogiannis (EPP, Greece) 2020/0006(COD)
Shadow rapporteurs: Pedro Marques (S&D, Portugal)
Ondřej Knotek (Renew, Czechia)
Francesca Donato (ID, Italy)
Niklas Nienass (Greens/EFA, Germany)
Raffaele Fitto (ECR, Italy)
Martina Michels (GUE/NGL, Germany)
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
Next steps expected: Initial debate and committee workshop
Publication of draft report

EU legislation in progress

Just Transition Mechanism

Just Transition Mechanism


Listen to policy podcast ‘Just Transition Fund‘ on YouTube.

Discussion

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