The Just Transition Fund shall not support nuclear power and fossil gas

June 26, 2020

Hat: The Just Transition Fund shall not support nuclear power and fossil gas

Amorce:

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.

Text:

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.

Url description: Euractiv

Url: https://www.euractiv.com/section/energy/news/eu-ministers-exclude-nuclear-fossil-gas-from-green-transition-fund/