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Policy & Regulation

EU transition fund puts further pressure on coal

The EU’s Just Transition Fund aims to speed up the bloc’s energy transition – in particular via coal-decommissioning – by supporting the regions hardest hit by the change The EU’s Just Transition Fund aims to speed up the bloc’s energy transition – in particular via coal-decommissioning – by supporting the regions hardest hit by the change.
By Christian Ernhede 4 days ago Europe & Russia / Policy & Regulation 0 34937
Kozienice coal-fired power plant in Poland. (Enea)

The key issue: The new Just Transition Fund will support regions struggling with adapting to a climate-neutral economy and is the first concrete step in the European Commission’s green roadmap.

Interfax analysis: The EU’s €7.5 billion ($8.4 billion) Just Transition Fund (JTF) could speed up the decommissioning of coal power plants in Eastern Europe and make more room for gas-fired facilities.

While excluded from the fund, gas remains an essential component of the European Commission’s transition strategy and is likely to continue to...