Objective(s) and scope
The Just Transition Fund is one of the European Union’s key tools to support regions in the transition towards climate neutrality by 2050 and one of the pillars of the Just Transition Mechanism. The Fund supports the economic diversification and reconversion of Member States having identified the territories expected to be the most negatively impacted by the transition towards climate-neutrality. This means:
- up- and reskilling of workers
- investments in Small and Medium-sized Enterprises
- creation of new firms
- research and innovation
- environmental rehabilitation
- clean energy
- job-search assistance
- transformation of existing carbon-intensive installations
Its main objectives are to alleviate the impact of the transition by financing the diversification and modernisation of the local economy and by mitigating the negative repercussions on employment. In order to achieve its objectives, the Just Transition Fund supports investments in areas such as digital connectivity, clean energy technologies, the reduction of emissions, the regeneration of industrial sites, the reskilling of workers and technical assistance.
The Fund is governed by the Just Transition Fund regulation and Common Provisions Regulation.
Financing value
No fixed amount per project. Total amount available under this programme is EUR 19.32 billion.
Low capital (EUR 0-5 million)
Mid capital (EUR 5-50 million)
High Capital (EUR > 50 million)
Eligibility criteria (if available)
Conditions:
- Be legal entities (public bodies or private bodies entrusted with a public service mission) established in an EU Member State.
- Beneficiaries and affiliated entities must register in the Participant Register — before submitting the proposal — and will have to be validated by the Central Validation Service (REA Validation). For the validation, they will be requested to upload documents showing legal status and origin.
- Other entities may participate in other consortium roles, such as associated partners, subcontractors, third parties giving in-kind contributions, etc.
- The projects must also qualify for a loan by the EIB (or one of its financial intermediaries).
Further information on eligibility criteria
Further information can be found in the specific Just Transition Fund Call for proposals
Additional information
Regulation (EU) 2021/1056 of the European Parliament and of the Council of 24 June 2021 establishing the Just Transition Fund.
