Delegation of the European Union to Japan

Climate neutrality: Council adopts the Just Transition Fund

Brussels, 07/06/2021 - 10:22, UNIQUE ID: 210608_1
Press releases

EU News 142/2021

The Council today adopted a regulation establishing a €17.5 billion fund which will contribute towards making the green transition fair and inclusive.

The Just Transition Fund (JTF) will finance projects that will alleviate the socio-economic costs for communities across the EU that are heavily dependent on fossil fuels or greenhouse gas-intensive industries and need to diversify the local economy.

This is one of the measures the EU is taking to achieve its goal of a 55% reduction in greenhouse gas emissions by 2030 and climate neutrality by 2050.

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