On May 18, 2021, the European Parliament (EP) issued a press release announcing the Just Transition Fund (JTF) to assist European Union (EU) countries to address climate neutrality goals. The Just Transition Fund is composed of €7.5 billion from the European Commission’s (EC) long-term EU budget under the 2021-2027 Multiannual Financial Framework (MFF) and €10 billion from the EU recovery plan, NextGenerationEU.
https://www.natlawreview.com/article/ep-announces-funding-projects-focused-transition-to-sustainable-climate-neutral-and
The Just Transition Fund is one of the 3 pillars of The Just Transition Mechanism: making sure no one is left behind. The other 2 pillars are the:
InvestEU "Just Transition" scheme and the
EIB public sector loan facility (μηχανισμός δανειοδότησης του δημόσιου τομέα, ο οποίος συνδυάζει ενωσιακές επιχορηγήσεις και δάνεια της Ευρωπαϊκής Τράπεζας Επενδύσεων.)
EIB public sector loan facility (μηχανισμός δανειοδότησης του δημόσιου τομέα, ο οποίος συνδυάζει ενωσιακές επιχορηγήσεις και δάνεια της Ευρωπαϊκής Τράπεζας Επενδύσεων.)
The Just Transition Mechanism is part of the Green Deal
Just Transition Fund – Key elements
Strategic context
• 1st Pillar of the Just Transition Mechanism
• Embedded in Cohesion Policy, under the CPR 2021-2027
• 1st Pillar of the Just Transition Mechanism
• Embedded in Cohesion Policy, under the CPR 2021-2027
Single specific objective
• Alleviating the socio-economic costs deriving from the transition towards climate neutrality
Budget
• EUR 17,5 bn (2018 prices)
Just Transition Fund resources: EUR 17.5 billion
• EUR 7,5 billion from MFF
• EUR 10 billion from NGEU = from 2021 to 2023
Possible transfers from ERDF/ESF+
• maximum 300%
Eligibility scope
• Focused – and exclusive
Activities excluded from the scope of support
Targeted list, including any support to fossil fuels
Level of supported territories
• NUTS 3 (or below)
• based on the approval of the territorial just transition plans
Other important aspects
• Midterm Review clause
• Green Rewarding Mechanism
• Negative conditionality
Articles 1 and 2
Subject matter and scope
• Support to territories facing
serious socio-economic
challenges deriving from the
transition process towards a
climate-neutral economy
• No direct support to climate
transition but contributes to its
achievement
• Rio marker for climate
contribution: 100%
Dedicated specific objective
•
“Enabling regions and people to
address the social, employment,
economic and environmental
impacts of the transition towards
the Union’s 2030 target for
climate and a climate-neutral
economy by 2050, based on the
Paris Agreement.”
Geographical coverage and resources – Article 3
Just Transition Fund resources: EUR 17.5 billion
• EUR 7,5 billion from MFF
• EUR 10 billion from NGEU = from 2021 to 2023
Transfers from ERDF and ESF+ resources
• Transfers optional
• Maximum 3 times JTF allocation and 15% of ERDF and ESF+ allocation
• Justified by territorial just transition plans through envisaged investments
• Transfer from JTF to other Funds or instruments not possible (Art 21 CPR)
Allocation to JTF territories based on actual needs detailed in Territorial Just Transition
Plans
National co-financing (article 6)
• Higher co-financing rates : 85 % (less developed), 70% (transition) and 50 % (more developed)
Green rewarding – Article 3b
Possible additional resources referred to under 3(2)
If available before 31/12/2024:
• distributed along national shares (Annex I)
If available from 1/01/2025:
• distributed along national shares corrected by the coefficient for industrial GHG reductions
• GHG reductions should be calculated only by NUTS 3 regions benefitting from JTF as %
of GHG emissions observed in 2018
• coefficient = 1, if no reduction or increased GHG emissions
Programme amendment required for possible additional resources
Negative conditionality – Article 5
Access to 50% of JTF until a MS commits to climate neutrality
Unequivocal commitment expected – corresponding form not imposed
Table on financial allocations:
• the amounts available as well as 50% not available shall be identified separately
Commitments related to the non-programmed amounts shall not:
• be used for payments
• be included in the calculation of the pre-financing
If MS fails its commitment, “N+1” mechanism:
• 50% of 2021 commitment lost if no commitment taken by end 2022
23/07/2020_Ταμείο Δίκαιης Μετάβασης: Το εργαλείο για τη μετάβαση της ΕΕ σε μια κλιματικά ουδέτερη οικονομία στο “μικροσκόπιο” του Ευρ. Ελεγκτικού Συνεδρίου lawspot
11/12/2020_Πολιτική συμφωνία σχετικά με το Ταμείο Δίκαιης Μετάβασης pepdym
Ιστορικό
Το Ταμείο Δίκαιης Μετάβασης είναι ένας από τους τρεις πυλώνες του Μηχανισμού Δίκαιης Μετάβασης (ΜΔΜ), ο οποίος αποτελεί μέρος της Ευρωπαϊκής Πράσινης Συμφωνίας για τη διαμόρφωση μιας κλιματικά ουδέτερης οικονομίας στην Ευρώπη έως το 2050. Το ΤΔΜ προτάθηκε από την Επιτροπή στις 14 Ιανουαρίου 2020. Ύστερα από την πρόταση σχετικά με τη δέσμη μέτρων για την ανάκαμψη που υπέβαλε η Επιτροπή στις 27 Μαΐου και τη σύμφωνη γνώμη που διατύπωσε το Ευρωπαϊκό Σύμβούλιο τον Ιούλιο, ο προϋπολογισμός του ΤΔΜ ενισχύθηκε. Οι άλλοι δύο πυλώνες του ΜΔΜ είναι: ένα ειδικό καθεστώς δίκαιης μετάβασης στο πλαίσιο του InvestEU και ένας μηχανισμός δανειοδότησης του δημόσιου τομέα, ο οποίος συνδυάζει ενωσιακές επιχορηγήσεις και δάνεια της Ευρωπαϊκής Τράπεζας Επενδύσεων.18/03/2021_ΑΔΑ: 69Θ07ΛΨ-ΟΩ6 - Λήψη Απόφασης για το Εδαφικό Σχέδιο Δίκαιης Μετάβασης Δυτικής Μακεδονίας
26/04/2021_Public sector loan facility to support just climate transition – provisional agreement reached
07/06/2021_Climate neutrality: Council adopts the Just Transition Fund (Nelson de Souza, Portuguese Minister for Planning, Council presidency)
The Council today adopted a regulation establishing a €17.5 billion fund which will contribute towards making the green transition fair and inclusive.
The Just Transition Fund (JTF) will finance projects that will alleviate the socio-economic costs for communities across the EU that are heavily dependent on fossil fuels or greenhouse gas-intensive industries and need to diversify the local economy.
This is one of the measures the EU is taking to achieve its goal of a 55% reduction in
Funding will be made available only on the basis of territorial just transition plans to be prepared by member states together with the relevant local and regional authorities. The plans will identify the most affected territories and their investment needs.
Resources
The total amount of €17.5 billion (in 2018 prices) is made up of €7.5 billion available for budgetary commitment for the period 2021-2027 and €10 billion from the recovery instrument (Next Generation EU) available over the years 2021, 2022 and 2023.
Member states will also contribute towards JTF programmes. In addition, they can transfer resources from the European Regional Development Fund and the European Social Fund Plus. This can potentially mobilise close to €30 billion in investment.
Scope of support
The JTF will support small and medium-sized enterprises (SMEs), including start-ups, and the creation of new firms.
A main emphasis of the fund is helping people adapt to new employment opportunities through investment in training and retraining of workers and job seekers, job-search assistance as well as measures for social inclusion.
Other types of investment include research and innovation, the transfer of advanced technologies, affordable green energy and energy storage, the decarbonisation of local transport, digitalisation, and enhancing the circular economy, including through waste prevention.
Excluded from the scope of support are investments related to nuclear power stations, fossil fuels and tobacco products.
Background
The Just Transition Fund is one of the three pillars of the Just Transition Mechanism proposed as part of the European Green Deal to ensure that the transition takes place in a fair way. The other two pillars are a budget guarantee under the InvestEU programme and a public sector loan facility.
The JTF regulation will next be published in the Official Journal of the European Union. It will enter into force on the day after its publication.
Regulation establishing the Just Transition Fund including allocations per country in Annex I
European Green Deal (background information)
The Just Transition Fund (JTF) will finance projects that will alleviate the socio-economic costs for communities across the EU that are heavily dependent on fossil fuels or greenhouse gas-intensive industries and need to diversify the local economy.
This is one of the measures the EU is taking to achieve its goal of a 55% reduction in
greenhouse gas emissions by 2030 and climate neutrality by 2050.
The success of the European Green Deal rests on us mitigating the consequences for those most affected by the decarbonisation of the economy. The Just Transition Fund will provide much needed support to companies and workers at local level, so that we can combat climate change together as a Union, leaving no one behind.
Territorial approach
EU regions and member states have a different starting point in the climate transition and different capacities to tackle the challenges ahead. In this respect, the JTF aims to prevent widening disparities by investing in territories which need to phase out the production and use of coal, lignite, peat and oil shale or transform heavily polluting industries.Funding will be made available only on the basis of territorial just transition plans to be prepared by member states together with the relevant local and regional authorities. The plans will identify the most affected territories and their investment needs.
Resources
The total amount of €17.5 billion (in 2018 prices) is made up of €7.5 billion available for budgetary commitment for the period 2021-2027 and €10 billion from the recovery instrument (Next Generation EU) available over the years 2021, 2022 and 2023.
Member states will also contribute towards JTF programmes. In addition, they can transfer resources from the European Regional Development Fund and the European Social Fund Plus. This can potentially mobilise close to €30 billion in investment.
Scope of support
The JTF will support small and medium-sized enterprises (SMEs), including start-ups, and the creation of new firms.
A main emphasis of the fund is helping people adapt to new employment opportunities through investment in training and retraining of workers and job seekers, job-search assistance as well as measures for social inclusion.
Other types of investment include research and innovation, the transfer of advanced technologies, affordable green energy and energy storage, the decarbonisation of local transport, digitalisation, and enhancing the circular economy, including through waste prevention.
Excluded from the scope of support are investments related to nuclear power stations, fossil fuels and tobacco products.
Background
The Just Transition Fund is one of the three pillars of the Just Transition Mechanism proposed as part of the European Green Deal to ensure that the transition takes place in a fair way. The other two pillars are a budget guarantee under the InvestEU programme and a public sector loan facility.
The JTF regulation will next be published in the Official Journal of the European Union. It will enter into force on the day after its publication.
Regulation establishing the Just Transition Fund including allocations per country in Annex I
European Green Deal (background information)
20/05/2021_ΑΔΑ: 9ΤΥ0ΚΧΨ-Χ60 - 3o_2021 ΠΡΑΚΤΙΚΟ ΔΣ
07/06/2021_Κλιματική ουδετερότητα: Το Συμβούλιο εγκρίνει το Ταμείο Δίκαιης Μετάβασης
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