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Climate-Neutral Economy

Commission supports member states in their transition to a #ClimateNeutralEconomy

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The European Commission has approved all requests made by 18 member states for support with the preparation of their territorial just transition plans, which each member state will have to draw up to get access to funding from the Just Transition Mechanism.

To recall, the Just Transition Mechanism is part of the European Green Deal Investment Plan and will mobilize at least €100 billion of investments to provide additional targeted support to the regions most impacted by the transition towards a climate-neutral economy and with less capacity to deal with the challenge.

The approval follows a dedicated call, launched by the Commission at the end of February 2020 under the Structural Reform Support Programme. Cohesion and Reforms Commissioner Elisa Ferreira said: “Our work on delivering the European Green Deal continues. Climate change remains a reality. Fighting it is as pressing as before. The Commission is strongly backing member states to ensure a just transition in all European regions. This support under the Structural Reform Support Programme is an important step – it will help to establish transition plans and allow member states to benefit from the Just Transition Mechanism, making sure the transition towards a green economy happens in a fair way, leaving no one behind.”

More information is available in this press release.

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