Topic summary
Just Transition Fund
Extracted from the Wikipedia article Energy policy of the European Union.
Just Transition Fund
Just Transition Fund (JTF) was created in 2020 to boost investments in low-carbon energy. The fund was criticized for blanket ban on low-carbon nuclear power but also introduction of a loophole for fossil gas. Having the largest workforce dedicated to the coal industry, Poland—followed by Germany and Romania—is the fund's largest receptor. Amounting to €17.5 billion, the fund was approved by the European Parliament in May 2021.