The Just Transition Fund (JTF) aims to support the efforts of the areas most affected by the transition to a carbon-neutral economy by 2050 by leaving no one behind in both the economy and society. Sweden, within this framework, will receive €155.7 million of EU funding, for a total investment of €311.5 million.
Sweden wishes to achieve carbon neutrality five years ahead of the European program, which is highly praised by the European Commission.
The JTF aims at assisting Swedish industry in the transition to climate neutrality, while maintening competitiveness, as well as the economy and employment in the most industrialised regions. Industrial emissions account for 32 % of all Swedish emissions, making it necessary to transform the steel, mineral and metallurgical industries. The JTF will thus make it possible to invest in research and innovation or in the retraining of workers.
EU Cohesion Policy : €155.7 million for a just climate transition in Sweden