EU officials are currently working on the proposal of Just Transition Mechanism which is expected to be introduced in January. It is part of the new growth strategy of the EU, aiming to put Europe back into a global leader position.

The Just Transition Mechanism will merge public and private money with the ambitious goal of reaching €100 billion in investment over the next multiannual financial framework. Under the new Cohesion Policy, the Just Transition Fund will have control around €30 billion designated for the less developed EU regions to boost green investment, leveraging resources from the European Regional Development Fund and the European Social Fund+

The recently presented European Green Deal promises to transform the European economy into a climate neutral, sustainable and future-oriented economy, potentially creating jobs and paving the way for business and innovation development.