Just Transition Fund: the enabler for a successful climate transition?
The European Commission has finally unveiled its long-awaited ‘just transition’ plans. The Just Transition Fund (JTF) is the beating heart of the wider mechanism, which aims to mobilise capital worth €100 billion, through grants, private investment and support from the European Investment Bank. But doubts have already been raised over the amount of funding on offer for the next decade compared to the bloc’s Green Deal ambitions.
The Fund’s promised €7.5 billion figure has been criticised for being too low to match the size of the challenge ahead. Some trade unions expressed concerns that most of the funds made available will go to research and innovation rather than directly benefiting affected workers.
Another issue likely to divide policymakers is who will be eligible for the Fund, with the Commission taking a political decision to open the door for any Member State to file applications on a regional basis. They will have to fulfil certain economic, social and scientific criteria, but several politicians from Central and Eastern Europe, have already said only countries most affected by the issue should be able to submit applications.
In the meantime, the new European Commission initiative, Climate Law, due to be published in March, will write into law the goal set out in the European Green Deal: for Europe’s economy and society to become climate-neutral by 2050. This means achieving net zero emissions for EU countries as a whole, even if some Member States do not agree.
EURACTIV invites you to this high-level Forum to discuss:
-Will a Just Transition Fund be the key enabler for a successful climate transition?
-Does increasing the ambition of reaching higher targets automatically imply increasing the funds?
-How to make sure that no EU region is left behind in the energy transition?
Sofitel Brussels Europe
Place Jourdan 1, 1040 Brussels
Elisa Ferreira, Commissioner Cohesion and Reforms, European Commission
Manolis Kefalogiannis, MEP, Member REGI Committee, Rapporteur Just Transition Fund, European Parliament
Jorge Núñez, Associate Senior Research Fellow, CEPS
More panellists to be announced soon.
Frédéric Simon, Energy Editor, EURACTIV
Dan Luca, Senior Director, EURACTIV
17:00 – 17:30 Registration
17:30 – 18:00 Opening Statements
18:00 – 19:00 Panel discussion
19:00 – 20:00 Networking cocktail
+32 (0)2 788 36 86