Tag: Just Transition Fund

European Green Deal: €4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States

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In its second year of operation, the Modernisation Fund has disbursed a total of €4.11 billion in support of 61 projects in eight beneficiary countries. These projects will help modernise energy systems, reduce greenhouse gas emissions in energy, industry, transport and agriculture, and improve energy efficiency. Supporting these investments will help those Member States to meet Read more about European Green Deal: €4.11 billion from the Modernisation Fund to accelerate the clean energy transition in 8 Member States[…]

EU Cohesion Policy: €2.14 billion for Romania

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Thanks to the adoption of its Territorial Just Transition Plan (TJTP) Romania will receive €2.14 billion from the Just Transition Fund (JTF) to support a just climate transition to a more attractive and greener economy. The fund will target the most affected regions, thus helping Romania to follow up on its commitment to phase out coal by 2032. It will support Read more about EU Cohesion Policy: €2.14 billion for Romania[…]

€2.4 billion to accelerate the green transition

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The Modernisation Fund made available €2.4 billion to seven beneficiary countries to help modernise their energy systems, reduce greenhouse gas emissions in energy, industry and transport, and support them in meeting their 2030 climate and energy targets. Investments were confirmed in Romania (€1391.6 million), Czechia (€520 million), Poland (€244.2 million), Lithuania (€85 million), Hungary (€74.3 Read more about €2.4 billion to accelerate the green transition[…]

Just transition in the energy sector

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The EU must transition towards a climate-neutral economy without letting disparities between regions grow any further, say regional development MEPs. On Monday 6 July, the Regional Development Committee approved the establishment of the Just Transition Fund (JTF) with 27 votes in favour, 7 against and 8 abstentions. Allocation of financial resources MEPs request a significant Read more about Just transition in the energy sector[…]