|
Brussels, |
|
Just Transition Fund
This fund supports the territories most affected by the transition towards climate neutrality providing them with tailored support. It is implemented under shared management, under the overall framework of Cohesion policy, which is the main EU policy to reduce regional disparities and to address structural changes in the EU.
2021-2027 Budget: € 19.32 billion
of which € 17.5 billion under NGEU
2021-2027 Budget: € 19.32 billion
of which € 17.5 billion under NGEU
Programme
The Just Transition Fund (JTF) is the first pillar of the Just Transition Mechanism (JTM) and only Members States and Regions can access it.
It will be a key tool to support the territories most affected by the transition towards climate neutrality providing them with tailored support. It is implemented under shared management, under the overall framework of Cohesion policy, which is the main EU policy to reduce regional disparities and to address structural changes in the EU.
The fund will be equipped with €17.5 billion (in 2018 prices; €19.2 billion in current prices). This amount corresponds to fresh money made available to support EU countries in their green transition, out of which €7.5 billion will be financed under the EU’s 2021-2027 budget, while the remaining €10 billion will constitute external assigned revenue stemming from the European Recovery Instrument (and, as such, will be made available from 2021 to 2023).
Member States may, on a voluntary basis, transfer to the JTF additional resources from their national allocations under the European Regional Development Fund (ERDF) and the European Social Fund Plus (ESF+), provided that the total amount transferred does not exceed three times the JTF allocation. Spending from the EU budget will be supplemented by national co-financing according to Cohesion policy rules.
The fund will alleviate the socio-economic costs triggered by climate transition, supporting the economic diversification and reconversion of the territories concerned. This means backing productive investments in small and medium-sized enterprises, the creation of new firms, research and innovation, environmental rehabilitation, clean energy, up- and reskilling of workers, job-search assistance and active inclusion of jobseekers programmes, as well as the transformation of existing carbon-intensive installations when these investments lead to substantial emission cuts and job protection. It is expected to mobilise close to €30 billion in investments.
JFT Territories
Click to explore the Commission Map
A dedicated scheme under InvestEU
The dedicated InvestEU scheme is the second pillar of the Just Transition Mechanism.
It will be implemented under the InvestEU programme across the four policy windows. This means that InvestEU can support investments in the framework of the Territorial Just Transition Plan (TJTP) in a wider range of projects, such as projects for energy and transport infrastructure, including gas infrastructure and district heating, but also decarbonisation projects, economic diversification and social infrastructure.
The European Commission will provide a budgetary guarantee to implementing partners to provide financing directly or indirectly to project promoters located in just transition territories with an approved TJTP. Projects not located in those territories can also benefit from the scheme provided that those projects contribute to meeting the development needs stemming from the transition of those territories as set out in the relevant TJTP.
The InvestEU Advisory Hub will act as a central entry point for advisory support requests to any project under pillars 2 and 3 of the JTM, as well as for some projects to be financed under the JTF. It will provide tailor-made technical assistance and capacity-building support depending on the need of the project promoter. Advisory support will be available for the identification, preparation, development, structuring, procuring and implementation of projects, and for enhancing the capacity of project promoters to build a strong pipeline of projects in those territories.
The dedicated InvestEU scheme is the second pillar of the Just Transition Mechanism.
It will be implemented under the InvestEU programme across the four policy windows. This means that InvestEU can support investments in the framework of the Territorial Just Transition Plan (TJTP) in a wider range of projects, such as projects for energy and transport infrastructure, including gas infrastructure and district heating, but also decarbonisation projects, economic diversification and social infrastructure.
The European Commission will provide a budgetary guarantee to implementing partners to provide financing directly or indirectly to project promoters located in just transition territories with an approved TJTP. Projects not located in those territories can also benefit from the scheme provided that those projects contribute to meeting the development needs stemming from the transition of those territories as set out in the relevant TJTP.
The InvestEU Advisory Hub will act as a central entry point for advisory support requests to any project under pillars 2 and 3 of the JTM, as well as for some projects to be financed under the JTF. It will provide tailor-made technical assistance and capacity-building support depending on the need of the project promoter. Advisory support will be available for the identification, preparation, development, structuring, procuring and implementation of projects, and for enhancing the capacity of project promoters to build a strong pipeline of projects in those territories.
Predecessor Programme
//
|
