CEMR: Just Transition Fund – CEMR’s recommendations to ensure a just transition in the territories
The European Union is undertaking a great transformation in its economic model in order to dramatically reduce carbon emissions, in line with the Paris Agreement on climate change. The climate transition will particularly have an impact in territories traditionally reliant on carbon-intensive industries and energy production.
To mitigate this risk, the European Commission has proposed a 7.5-billion-euro Just Transition Fund (JTF) to such territories to shift to low-carbon economic models. As we observed in our analysis of the JTF, the Fund’s design raises a number of concerns which could undermine its effectiveness.
That’s why CEMR is proposing amendments to the Commission’s draft legislation to ensure that the proposed fund both has a genuine environmental added value and supports the development of the territories that need it most. Our suggestions summarised below as follows.
Read the full article here.
No comments