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EU Member States agreed on the 24th June the Just Transition Fund shall not finance nuclear power and fossil gas to rid regions of fossil fuels.
The European Commission wants to set up a €40 billion Just Transition Fund, comprised of €30 billion from an EU coronavirus recovery fund and €10 billion from its budget for 2021-27.
The fund aims to encourage a shift from high-carbon industries to low-carbon industries that would help coal miners to retrain and find new low-carbon jobs, and support regions whose economies depend on polluting sectors to build new industries.
2019-03-05 14:56:22
