The European Union's Just Transition Mechanism unlocks huge financial resources for the economic transformation of the carbon-intensive regions of Europe. A key instrument for implementing them is the Just Transition Fund (JTF). The fund aims to concentrate financial resources in specific projects and initiatives to modernise the economies of coal-intensive regions in order to create new employment in low carbon sectors and lay the foundations for economic growth independent of fossil fuels. To take advantage of the financial resources of the Fund, each Member State must adopt Territorial Just Transition Plans (TJTPs) that address the social and economic effects of the transition to a low-carbon economy in Europe’s carbon-intensive regions. The Plans must set out the transition challenges and development needs in each territory and define development objectives for 2030, as well as the specific actions and governance mechanisms to ensure that these objectives will be met.
The present statement results from the expert work of the Center for the Study of Democracy on assessing the draft version of the Plans, as part of the public consultation process.
