Just Transition Mechanism

E877504

European Union financial instrument European Union policy framework just transition policy tool

The Just Transition Mechanism is an EU financial and policy framework designed to support regions and workers most affected by the shift to a climate-neutral economy, ensuring the transition is fair and socially inclusive.

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All labels observed (2)

Label	Occurrences
Just Transition Fund	1
Just Transition Mechanism canonical	1

Statements (48)

Predicate	Object
instanceOf	European Union financial instrument ⓘ European Union policy framework ⓘ just transition policy tool ⓘ
addresses	employment impacts of coal phase-out ⓘ employment impacts of lignite phase-out ⓘ employment impacts of oil shale phase-out ⓘ employment impacts of peat phase-out ⓘ structural change in carbon-intensive industries ⓘ
aimsTo	ensure a fair transition ⓘ ensure a socially inclusive transition ⓘ support regions most affected by the transition to a climate-neutral economy ⓘ support workers most affected by decarbonisation ⓘ
appliesTo	European Union member states NERFINISHED ⓘ
beneficiaries	local communities in transition regions ⓘ small and medium-sized enterprises in affected regions ⓘ workers in declining carbon-intensive sectors ⓘ
coordinatesWith	EU cohesion funds ⓘ Recovery and Resilience Facility NERFINISHED ⓘ national just transition plans ⓘ
focusesOn	carbon-intensive industrial regions ⓘ regions with high employment in fossil fuel sectors ⓘ
geographicalScope	EU regions most affected by the climate transition ⓘ
hasComponent	InvestEU Just Transition scheme NERFINISHED ⓘ Just Transition Fund NERFINISHED ⓘ public sector loan facility ⓘ
implementedBy	European Commission NERFINISHED ⓘ
legalBasis	EU cohesion policy framework ⓘ
linkedTo	EU taxonomy for sustainable activities ⓘ
objective	leave no one behind in the green transition ⓘ mitigate negative socio-economic impacts of decarbonisation ⓘ promote territorial cohesion ⓘ
partOf	European Green Deal NERFINISHED ⓘ
policyArea	climate policy ⓘ regional development ⓘ social policy ⓘ
promotes	social dialogue ⓘ stakeholder participation in transition planning ⓘ
relatedTo	EU climate neutrality target for 2050 ⓘ Paris Agreement implementation in the EU ⓘ
requires	territorial just transition plans from member states ⓘ
supports	economic diversification ⓘ investments in clean energy ⓘ investments in energy efficiency ⓘ job creation in green sectors ⓘ re-skilling of workers ⓘ social infrastructure ⓘ
timeFrame	2021-2027 EU multiannual financial framework ⓘ
underpins	EU strategy for a just transition ⓘ

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

European Green Deal → includes → Just Transition Mechanism ⓘ

DG REGIO → overseesFund → Just Transition Mechanism ⓘ

this entity surface form: Just Transition Fund