you're reading...
Economic and Social Policies, PUBLICATIONS, Structural and Cohesion Policies

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

Written by Pernilla Jourde and Agnieszka Widuto (4th edition, updated on 21.04.2021),

© matthi / Shutterstock.com

The EU aims to cut greenhouse gas emissions by at least 55 % by 2030 and achieve climate neutrality by 2050. This will require a socio-economic transformation in regions relying on fossil fuels and high-emission 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. In the context of recovery from the coronavirus pandemic, an amended proposal on the Just Transition Fund (JTF) was published on 28 May 2020. The JTF is set to have a budget of €17.5 billion (€7.5 billion from the core EU budget under the Multiannual Financial Framework and €10 billion from the Next Generation EU instrument, in 2018 prices).

Funding will be available to all Member States, while focusing on regions with the biggest transition challenges. The proposed budget for the Just Transition Fund may be complemented with resources from cohesion policy funds and national co‑financing. The Fund will be part of a Just Transition Mechanism, which also includes resources under InvestEU and a public-sector loan facility.

In the European Parliament, the file has been entrusted to the Committee on Regional Development (REGI). A provisional political agreement was reached in trilogue on 9 December 2020. The Parliament is expected to vote on the text of the regulation during its May 2021 plenary session.

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: Final first-reading vote in plenary

timeline-submitted-to-plenary

Just Transition Mechanism

Just Transition Mechanism


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

Discussion

Trackbacks/Pingbacks

  1. Pingback: Just Transition Fund [EU Legislation in Progress] | Vatcompany.net - February 18, 2020

Leave a Reply

Download the EPRS App

EPRS App on Google Play
EPRS App on App Store
What Europe Does For You
EU Legislation in Progress
Topical Digests
EPRS Podcasts

Follow Blog via Email

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 3,539 other subscribers

RSS Link to Members’ Research Service

Disclaimer and Copyright statement

The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy.

For a comprehensive description of our cookie and data protection policies, please visit Terms and Conditions page.

Copyright © European Union, 2014-2019. All rights reserved.

%d bloggers like this: