EU to mobilise €30bn to help member states affected by the energy transition

SMART ENERGY INTERNATIONAL | The EU Commission has proposed the establishment of a new loan facility under the Just Transition Mechanism.

The aim is to mobilise up to between €25 billion (27.8 billion) and €30 billion ($33.4 billion) in investments to help territories and regions most affected by the transition to a climate-neutral economy, prioritising those that have less capacity to deal with the costs of the transition.

The facility will be implemented in partnership with the European Investment Bank (EIB) to encourage investments that support the transition towards a climate-neutral economy by public sector authorities.

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