Regulation (EU) 2021/1056 establishing the Just Transition Fund

Author (Corporate) ,
Series Title
Series Details L 231, Pages 1-20
Publication Date 30/06/2021
Content Type , , ,


Regulation (EU) 2021/1056 - formally adopted by the European Union on 24 June 2021 - establishing the Just Transition Fund (JTF).

Further information:

The European Commission adopted the original proposal in January 2020 as one of the pillars of the Just Transition Mechanism, in the framework of its Sustainable Europe Investment Plan (SEIP). The JTF aims to support economic diversification of the territories most affected by the climate transition and the reskilling and active inclusion of their workers and job seekers.

The COVID-19 (coronavirus) pandemic affected the economic outlook for every Member State of the European Union (EU). However, different levels of national resilience and response to the shock across the EU raise the potential for distortion of the level playing field of the Single Market that can lead to increasing economic divergences and aggravate long-term growth challenges.

In this context, the Commission argued that investments in the green transition should be accelerated to promote long-term growth and economic resilience. It tabled an amended draft law for the JTF on 28 May 2020 in the framework of the revised proposal on the Multiannual Financial Framework (MFF) 2021-2027.

Member State representatives agreed on 24 June on a partial common position on behalf of the Council of the European Union, which did not include the financial provisions connected to the overall discussions on the MFF 2021-2027. The mandate was updated in October 2020 to include the budgetary implications. The European Parliament's relevant committee adopted the report setting out a negotiating position on 6 July, which was endorsed by the plenary on 16 September. An informal agreement between the co-legislators on a compromise text was reached on 11 December. This was endorsed by the plenary of the Parliament on 18 May and by the Council on 7 June. The Act was formally signed by the co-legislators on 24 June 2021 and published in the Official Journal on 30 June 2021.

Source Link
Related Links
Commentary and Analysis
CCRE: News, 14/01/2020: The Just Transition Fund: Welcome support for municipalities and regions, but will it be enough?
ZPP: Just Transition Fund – Polish perspective (28 January 2020)
IAI: Commentaries 01/20, January 2020: There Is No Green Deal without a Just Transition
Social Europe, 17/02/2020: Just Transition Fund can boost European coal phase-out
EPRS: Briefing, February 2020: Assesment of the Just Transition Fund proposal
EurActiv, 04/06/2020: The Just Transition Fund must reward climate ambition
Bruegel: Blog, 11/06/2020: One last push is needed to improve the Just Transition Fund proposal
CAN Europe: Press Release, 25/06/2020: Council goes fossil fuel-free in Just Transition funding
WWF: News, 02/07/2020: ‘Unholy alliance’ of MEPs must not allow gas in Just Transition fund
EEB: Letter, 02/07/2020: The Just Transition must be fossil fuel-free – letter to the European Parliament’s REGI Committee
Greenpeace: Press Release, 06/07/2020: Just Transition Fund must provide a just, green and fair transition, not line industry pockets
EPRS: Animated Infographic, September 2020: 2021-2027 Just Transition Fund
Bruegel: Blog, 06/10/2020: The European climate law needs a strong just transition fund
EPRS: Briefing, October 2020: Just Transition Fund
EPRS: EU Fact Sheets, October 2020: Just Transition Fund (JTF)
Social Europe, 12/11/2020: Trade unions and climate change: the jobs-versus-environment dilemma
Politico, 24/11/2020: The Wonk's Survival Guide to... leaving no one behind in the Green Deal
WWF: News, 04/12/2020: EU funds: the climate is not a bargaining chip
EPRS: At a Glance, May 2021: Just Transition Fund
WWF: News, 18/05/2021: MEPs vote on Just Transition Fund - WWF comment

EurActiv: Topics: Just Transition Fund
ERR News, 25/01/2020: Estonia challenging EU oil shale transition fund calculation methodology
EurActiv, 28/05/2020: Number crunching on expanded Just Transition Fund continues
Radio Poland, 28/05/2020: EU plans to give Poland biggest slice from Just Transition Fund
EUObserver, 29/05/2020: EU Commission: Five-fold aid increase for fossil-fuel regions
EurActiv, 24/06/2020: EU ministers exclude nuclear, fossil gas from green transition fund
Reuters, 25/06/2020: EU countries agree their green transition fund will not pay for move to nuclear or fossil gas
LRT News, 29/06/2020: In blow to Lithuania, natural gas excluded in EU’s transition fund
EurActiv, 06/07/2020: EU lawmakers divided over inclusion of natural gas in Just Transition Fund
Agriland, 07/07/2020: EU parliament committee votes in favour of increased Just Transition Fund
EurActiv, 07/07/2020: MEPs ban nuclear from green transition fund, leave loophole for gas
Reuters, 20/07/2020: EU eyes cuts to green transition fund in late bid to strike recovery deal
Euronews, 29/07/2020: Cuts to EU Just Transition Fund put pressure on fossil fuel phase-out
EurActiv, 16/09/2020: EU institutions caught in crossfire over Just Transition Fund
Euronews, 22/10/2020: 'Fossil fuels still needed during green transition', top EU official says
EurActiv, 11/12/2020: Fossil fuels axed from EU’s just transition fund, but loophole remains for gas
EurActiv, 17/12/2020: EU agrees its green transition fund will not support natural gas
ERR News, 08/02/2021: Just Transition Fund's €340 million will go to Ida-Viru County
Reuters, 03/03/2021: EU countries approve green transition fund, look to challenges ahead
Reuters, 18/05/2021: EU lawmakers give final approval to bloc's green transition fund
Bloomberg, 18/05/2021: EU Parliament Approves $21 Billion Fund for Green Transition
EurActiv, 19/05/2021: EU lawmakers give final approval to bloc’s green transition fund
ERR News, 04/06/2021: Estonia might lose €340 million EU funding if oil plant project goes ahead
ERR News, 06/06/2021: Ministry: Shale oil plant not grounds for withholding JTF support
Agriland, 08/06/2021: EU council officially adopts €17.5 billion Just Transition Fund
EUObserver, 08/06/2021: EU poised to begin handing out €17.5bn green transition fund
The Guardian, 09/06/2021: Poland to close Europe’s most polluting power plant by 2036

EUR-LEX: COM(2020)22: Proposal for a Regulation establishing the Just Transition Fund
European Parliament: Legislative Observatory: Procedure File for Proposal on Just Transition Fund (2020/0006(COD))
European Parliament: Legislative Train Schedule: Just Transition Fund
EUR-LEX: COM(2020)460: Amended Proposal for Regulation establishing the Just Transition Fund
European Commission: Opening Remarks by Executive Vice-President Frans Timmermans at the Press Conference on a Green and Just Recovery (28 May 2021)
Council of the European Union: Press Release, 24/06/2020: Just Transition Fund: Council agrees on its partial negotiating position
European Parliament: Press Release, 06/07/2020: Just transition in EU regions: support to people, economy and environment
Renew Europe Group: News, 06/07/2020: Just Transition Fund: Leaving no one behind on our way to climate neutrality by 2050
S&D Group: Newsroom, 06/07/2020: S&Ds successfully put socialist priorities at the core of the Just Transition Fund
European Parliament: Headlines, 17/09/2020: Just Transition Fund: helping EU regions adapt to green economy
European Parliament: Press Release, 09/12/2021: Deal on financing a just energy transition in EU regions
European Commission: Press Release, 11/12/2020: Commission welcomes the political agreement on the Just Transition Fund
Council of the European Union: Press Release, 16/12/2020: Just Transition Fund: Council endorses the political deal with the Parliament
World Bank: Press Release, 27/01/2021: World Bank and the European Commission to Support Poland to Transition Out of Coal
S&D Group: Newsroom, 17/05/2021: Nobody left behind in the transition to a climate neutral Europe as Parliament endorses Just Transition Fund
European Parliament: Press Release, 18/05/2021: A €17.5 bn fund to ensure no one is left behind on the road to a greener economy
ECR Group: Newsroom, 18/05/2021: Just Transition Fund – All eyes are on how the regions are dealt with
Council of the European Union: Press Release, 07/06/2021: Climate neutrality: Council adopts the Just Transition Fund

Subject Categories ,
Subject Tags , , ,
International Organisations