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A Just Transition Fund - How the EU budget can help with the transition

Posted On: May 27, 2020   |   Posted By: Bruegel

This study was prepared for the European Parliament's Committee on Budgets. The original paper is available on the European Parliament's webpage.
© European Union, 2020
EXECUTIVE SUMMARY
Background
President von der Leyen's Commission has made the ambitious commitment of making Europe the first climate-neutral continent while ensuring that the transition to this new green growth model is just and fair for all European Union citizens and territories. The climate policies enacted by the EU will have an uneven impact on European regions, communities, sectors and workers, which is why they need to be accompanied by social and economic policies to ensure no one is left behind.
On 14 January 2020, the Commission published its proposal for a Just Transition Mechanism , in the framework of the European Green Deal policy package. The aim of the JTM is to provide support to territories facing serious socio-economic challenges related to the transition to climate neutrality. This initiative is composed of three...

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