Just Transition Mechanism
Summary
The Just Transition Mechanism (JTM) is a key tool to ensure that the transition towards a climate-neutral economy happens in a fair way, leaving no one behind.
Programme Description
The Just Transition Mechanism addresses the social and economic effects of the transition, focusing on the regions, industries and workers who will face the greatest challenges.
Support will be available to all Member States, focused on regions that are the most carbon-intensive or with the most people working in fossil fuels. Member States can get access by preparing territorial just transition plans that cover the period up to 2030, identifying the territories that should get the most support. The plans should also set out ways to best address social, economic and environmental challenges.
People and citizens, most vulnerable to the transition- The Just Transition Mechanism will protect them by:
- facilitating employment opportunities in new sectors and those in transition
- offering re-skilling opportunities
- improving energy-efficient housing
- investing to fight energy poverty
- facilitating access to clean, affordable and secure energy
Companies and sectors, active in or comprising carbon-intensive industries- The Just Transition Mechanism will protect them by:
- supporting the transition to low-carbon technologies and economic diversification based on climate-resilient investments and jobs
- creating attractive conditions for public and private investors
- providing easier access to loans and financial support
- investing in the creation of new firms, SMEs and start-ups
- investing in research and innovation activities
Member States and regions, with high dependence on fossil fuel and carbon-intensive industries- The Just Transition Mechanism will protect them by:
- supporting the transition to low-carbon and climate-resilient activities
- creating new jobs in the green economy
- investing in public and sustainable transport
- providing technical assistance
- investing in renewable energy sources
- improving digital connectivity
- providing affordable loans to local public authorities
- improving energy infrastructure, district heating and transportation networks.
Programme Category
All Thematic CategoriesTotal Budget
€ 55 billionThematic Categories
- Environment and Climate Change
- Processing
- Research, Technological Development and Innovation
- Small-Medium Enterprises and Competitiveness
- Social Affairs & Human Rights
Eligibility for Participation
- Central Government
- Investment Funds
- Large Enterprises
- NGOs
- Non Profit Organisations
- Private Bodies
- Researchers/Research Centers/Institutions
- Small and Medium Enterprises (SMEs)
- State-owned Enterprises
Opening Date
01/01/2021Closing Date
31/12/2027Website
https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal/finance-and-green-deal/just-transition-mechanism_enProgramme/Sub-programme/Plan Calls
(1 Results)The Just Transition Mechanism (JTM) is a key tool to ensure that the transition towards a climate-neutral economy happens in a fair way, leaving no one behind.
