Sustainable territorial and local development

The European Parliament has voted to dedicate €25 billion for the Just Transition Fund (JTF). This new EU financial instrument will invest in regions to help them decarbonise their economies. A range of projects would be eligible for funding and the EU would co-finance up to 85% of the cost.

By contrast, the European Commission had proposed €11 billion and national governments in the Council a mere €7.5 billion. The Parliament and Council must now come to a compromise for the Fund to be created.