Ensuring the Just Transition Mechanism delivers robust support for regional transitions to sustainability

On 14 January 2020 the European Commission proposed a Just Transition Mechanism to mobilise at least €100 billion (over the period 2021-2027) to support regions most affected by the transition towards the zero-carbon economy.

The three pillars of the Just Transition Mechanism are:

• A Just Transition Fund (€7.5 billion of fresh EU funds);
• A dedicated “just transition scheme” under InvestEU (up to €45 billion of private investments);
• A public sector loan facility with the European Investment Bank (between €25 and €30 billion of investments for the public sector).

EGEC welcomes the proposal of the European Commission with the outline of the main financial framework that will support regions in transition. However, EGEC highlights a series of recommendations that should be considered to deliver a successful just transition strategy.

Read EGEC’s full position on the Just Transition Fund