the european green deal investment plan and just transition mechanism explained


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PDF JUST TRANSITION MECHANISM: ROLE OF THE EIB

The Sustainable Europe Investment Plan (SEIP) presented by the European Commission is the financial arm of the European Green Deal with the ambition of 

PDF Institutional Description of the European Green Deal Investment

The Mechanism stands on the first pillar the Just Transition Fund (JTF) The second pillar is the Just Transition Scheme under the InvestEU Programme The 

PDF Sustainable Europe Investment Plan and a Just Transition Mechanism

The proposed Just Transition Mechanism itself has a 3-pillar construction with grants coming from a new Just Transition Fund2 integrated into Cohesion Policy 

  • What is the European Fund for Transition?

    The Just Transition Fund (JTF) is a new instrument of the Cohesion Policy 2021-2027, as the first pillar of the Just Transition Mechanism in the context of the European Green Deal aiming at achieving the EU climate-neutrality by 2050.

  • What is the EU energy transition plan?

    The REPowerEU planof May 2022 highlighted the need to phase out fossil fuels and accelerate the clean energy transition.
    Aiming to end the EU's dependence on Russian energy, the plan advocated energy savings, diversification of energy imports and a boost for the use of renewables.

  • A Just Transition for Ireland means exploring opportunities to green existing jobs, and creating new jobs in areas specific to the country's economy and environment such as energy retrofitting for buildings, sustainable forestry and peatland restoration etc.

The Just Transition Mechanism will focus on the social and economic costs of the transition in the most impacted regions and finance projects ranging from creation of new workplaces through support to companies, job search and re-skilling assistance for jobseekers who lost employment due to the transition, but also
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Financing the green transition: The European Green Deal Investment

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