Proposal for a Regulation on the public sector loan facility under the Just Transition Mechanism

Author (Corporate)
Series Details COM (2020) 453
Publication Date 28/05/2020
Content Type

Summary:

Legislative initiative published by the European Commission on 28 May 2020, which proposes to set up a public sector loan facility under the Just Transition Mechanism.

Further information:

The creation of a Just Transition Mechanism was unveiled in the framework of the European Commission's Sustainable Europe Investment Plan (SEIP), the investment pillar of the European Green Deal. One of the elements of the Mechanism was set to be a public sector loan facility for additional investments, leveraged by the European Investment Bank (EIB).

The facility is aimed at supporting public investments, through preferential lending conditions. These benefits are to benefit the territories most negatively affected by the climate transition as identified in the territorial just transition plans for the purposes of the Just Transition Fund (JTF). It includes €1.5 billion in grants from the EU budget and up to €10 billion in loans from the EIB's own sources.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2020:453:FIN
Related Link(s)
Official
EUR-LEX: SWD(2020)92: Staff Working Document accompanying the Proposal https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2020:92:FIN
European Commission: Press Release, 28/05/2020: Commission proposes a public loan facility to support green investments together with the European Investment Bank https://ec.europa.eu/commission/presscorner/detail/en/ip_20_930
European Investment Bank: Newsroom, 28/05/2020: Just Transition Mechanism: the EIB and the European Commission join forces in a proposed new public loan facility to finance green investments in the EU https://www.eib.org/en/press/all/2020-130-commission-proposes-a-public-loan-facility-to-support-green-investments-together-with-the-eib

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