The Just Transition Fund
The EU is rightly pursuing a “Just Transition” approach, to address the socio-economic effects of the transition, focusing on the regions, industries and workers that face the greatest challenges.
The Just Transition Fund (JTF) is a key tool to support territories most affected by the transition towards climate neutrality, providing them with tailored support.
The JTF is to support economy diversification and reconversion of the territories, for example through sustainable investment in SMEs, creation of new enterprises, R&I, environmental rehabilitation, clean energy, upskilling/reskilling of workers, active labour market policies to support job-to-job transitions and bring the inactive to the labour market, and transformation of existing carbon-intensive installations.
