The fund’s main goals are to soften the impact of the transition by financing the diversification and modernisation of the local economy. Another goal is to minimise the negative consequences on employment.
For a just transition, the fund supports investments in digital connectivity, clean energy technologies, the reduction of emissions, regeneration of industrial sites, reskilling of workers and technical assistance.
The Just Transition Fund has a total budget of € 17.5 billion for the period 2021-2027. € 7.5 billion of that is within a multi-annual financial framework. Another € 10 billion will be financed by NextGenerationEU.
Learn more about the Just Transition Fund.
