{"id":9553,"date":"2022-05-26T08:48:26","date_gmt":"2022-05-26T06:48:26","guid":{"rendered":"https:\/\/twissen.com\/?p=9553"},"modified":"2022-07-11T10:59:33","modified_gmt":"2022-07-11T08:59:33","slug":"17billionjustclimatetransition","status":"publish","type":"post","link":"https:\/\/twissen.com\/en\/trends-en\/policies-funding\/17billionjustclimatetransition\/","title":{"rendered":"17, 5 Billion for a just climate transition in the EU"},"content":{"rendered":"<p><span data-contrast=\"auto\">The objective of the <\/span><a href=\"https:\/\/ec.europa.eu\/info\/funding-tenders\/find-funding\/eu-funding-programmes\/just-transition-fund_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Just Transition Fund<\/span><\/a><span data-contrast=\"auto\"> is to reduce the <\/span><b><span data-contrast=\"auto\">socio-economic costs<\/span><\/b><span data-contrast=\"auto\"> generated by the <\/span><b><span data-contrast=\"auto\">climate transition. <\/span><\/b><span data-contrast=\"auto\">The identified solutions are<\/span><b><span data-contrast=\"auto\"> economic diversification<\/span><\/b><span data-contrast=\"auto\"> and <\/span><b><span data-contrast=\"auto\">reconversion of the most distressed territories<\/span><\/b><span data-contrast=\"auto\">. The Programme acts within the <\/span><a href=\"https:\/\/ec.europa.eu\/info\/strategy\/priorities-2019-2024\/european-green-deal_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">European Green Deal<\/span><\/a><span data-contrast=\"auto\"> and contributes to the achievement of the European climate objectives.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Just Transition Fund is one of three pillars of the <\/span><a href=\"https:\/\/ec.europa.eu\/info\/strategy\/priorities-2019-2024\/european-green-deal\/finance-and-green-deal\/just-transition-mechanism_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Mechanism for Just Transition<\/span><\/a><span data-contrast=\"auto\">. The other two pillars are: <\/span><a href=\"https:\/\/investeu.europa.eu\/about-investeu_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">InvestEU<\/span><\/a><span data-contrast=\"auto\"> and <\/span><a href=\"https:\/\/www.eib.org\/en\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">EIB<\/span><\/a><span data-contrast=\"auto\"> (European Investment Bank). <\/span><br \/>\n<span data-contrast=\"auto\">The Just Transition Fund alone has a budget of \u20ac17.5 billion, of which \u20ac10 billion is financed by <\/span><a href=\"https:\/\/europa.eu\/next-generation-eu\/index_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">NextGenerationEU<\/span><\/a><span data-contrast=\"auto\">. However, thanks to the joint action with the other two pillars, the Fund is expected to have a greater overall impact than the indicated budget.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The tool for Member States to access funds is the <\/span><b><span data-contrast=\"auto\">TJTP <\/span><\/b><span data-contrast=\"auto\">(Territorial Just Transition Plan), which is a key step to identify territories in difficulty.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The areas of intervention of the Programme are:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">investment in SMEs<\/span><\/li>\n<li><span data-contrast=\"auto\">creation of new enterprises<\/span><\/li>\n<li><span data-contrast=\"auto\">R&amp;I<\/span><\/li>\n<li><span data-contrast=\"auto\">environmental restoration<\/span><\/li>\n<li><span data-contrast=\"auto\">clean energy<\/span><\/li>\n<li><span data-contrast=\"auto\">upskilling and retraining of workers<\/span><\/li>\n<li><span data-contrast=\"auto\">job-search assistance<\/span><\/li>\n<li><span data-contrast=\"auto\">conversion of existing carbon plants<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">States and authorities in charge receive technical assistance and support in the implementation phase through the following platforms:<\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/ec.europa.eu\/regional_policy\/en\/funding\/jtf\/just-transition-platform\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Platform for a Just Transition<\/span><\/a><\/li>\n<li><a href=\"https:\/\/ec.europa.eu\/info\/funding-tenders\/find-funding\/eu-funding-programmes\/technical-support-instrument\/technical-support-instrument-tsi_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Technical Support Facility<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">The <\/span><a href=\"https:\/\/ec.europa.eu\/growth\/sectors\/tourism\/funding-guide\/just-transition-fund-jtf_en\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">tourism sector<\/span><\/a><span data-contrast=\"auto\"> will be funded both with fixed capital and intangible assets, which will benefit micro-enterprises, sustainable tourism and transport, digital innovation, worker training and the unemployed.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">At <\/span><b><span data-contrast=\"auto\">Twissen<\/span><\/b><span data-contrast=\"auto\">, we observe the need to foster continuous and flexible action to meet the challenges arising from the green transition. In these terms, the territory turns out to be a key player. Within this context, the Travel &amp; Tourism sector often benefits from its direct and established connection with the territory itself.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Just Transition Fund targets the consequences of climate transition by targeting diversification and reconversion<\/p>\n","protected":false},"author":7,"featured_media":9547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[125],"tags":[856,862],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>17, 5 Billion for a just climate transition in the EU | Twissen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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