Launching the EU’s Just Transition Mechanism

Riccardo Christopher Spani
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Riccardo Christopher Spani: Fondazione Eni Enrico Mattei

Briefs, 2020

Abstract: On December 11th 2019, the European Commission adopted a Communication on the European Green Deal shedding light on the roadmap to implement the new growth policies for Europe. Ambitious environmental objectives and cooperation between public and private institutions are key pillars of the initiative. In particular, it contains dispositions regarding the Just Transition Mechanism. This tool, as Executive Vice-President for the European Green Deal Frans Timmermans stated, is inspired by solidarity and fairness values and is aimed at supporting the countries and the sectors which will suffer the most during the transition towards a climate-neutral economy by making investments more attractive with an overall financial package worth at least €100 billion. This action, together with all the others included in the European Green Deal, are pivotal steps towards the achievement of the Paris Agreement goals.

Date: 2020
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