The Renew Europe Group in the European Parliament welcomes the adoption by the Committee on Regional Development of the report on the Just Transition Fund (JTF), a key instrument of the transition towards climate neutrality to ensure a just and fair transition for regions facing challenges due to their dependence on fossil fuels. 

The creation of a Just Transition Fund is one of Renew Europe’s political priorities since the beginning of the mandate. The Group fully supports the need to speed up the green transition and acknowledges the need to make sure to mitigate the potential social, economic, and energy impact related to the transition in certain regions.

The European Commission increased its budget proposal on the JTF from 7.5 billion to 44 billion euros. 11,2 billion will be under the JTF itself and an additional 32,8 billion will be for the JTF under the Recovery Instrument. The regions facing the biggest challenges in the transition will also benefit most from the Just Transition Fund. 

Read the full article here.