Climate Neutrality: Council adopted the Just Transition Fund
The Council adopted a regulation on 17.5 billion euro fund which will contribute to To make the green transition fair and inclusive.
The Equitable Transfer Fund (EAA) It will finance projects that reduce social and economic costs by uniting communities that rely heavily on fossil fuels and emissions-intensive industries that need to diversify the local economy.
€17.5 billion (at 2018 prices) of the €7.5 billion available for budget commitments for the 2021-2027 period on the one hand and available in 2021, 2022 and 2023 on the other hand, €10 billion from the next generation EU.
Member countries also contribute to IIA programs. In addition, resources from the European Regional Development Fund and the European Social Fund Plus can be reallocated. This is possible Nearly 30 billion euros can muster.
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