Tuesday 12 May 2020

EU funds climate-neutral transition plans of 18 Member States

EU funds climate-neutral transition plans of 18 Member States

The European Commission has unanimously approved all requests made by 18 Member States for support with the preparation of their climate-neutral transition plans, granting them access to additional funding from the Just Transition Mechanism.

Being part of the European Green Deal, the scheme will mobilise at least €100 billion (£87bn) of investments to fund regions which are most affected by the transition towards a climate-neutral economy.

The recent decision comes after a previous call launched by the Commission at the end of February.

Elisa Ferreira, Commissioner for Cohesion and Reforms, said: “Our work on delivering the European Green Deal continues. Climate change remains a reality. Fighting it is as pressing as before.

"The Commission is strongly backing Member States to ensure a just transition in all European regions.

"This support under the Structural Reform Support Programme is an important step – it will help to establish transition plans and allow Member States to benefit from the Just Transition Mechanism, making sure the transition towards a green economy happens in a fair way, leaving no one behind.”

Written by

Bruna Pinhoni

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