The Just Transition Fund (JTF) is a new financial instrument within the framework of the Cohesion Policy, targeting the regions and sectors that will face the greatest socio-economic challenges connected with the implementation of the European Green Deal (EGD).
One of the key goals of the EGD is to achieve EU climate neutrality by 2050. As a result, funding under the JTF will be directed to regions and sectors whose past growth has been based primarily on the extraction of fossil fuels (including coal, peat, and oil) and industrial activities characterised by high GHG emissions. The aim of the JTF aid is to diversify and modernise local economies and mitigate the adverse effects of climate change on the local labour market through retraining and actively integrating human resources.
JTF’s total 2021-2027 budget amounts to EUR 19.3 billion (at current prices). The funds will be distributed in the form of grants based on territorial just transition plans.
Poland may receive about EUR 3.85 billion from the JTF. The funds will be used for the just transition of the following regions:
The JTF will be implemented according to dedicated priorities under 5 regional programmes for the aforementioned voivodships.
European Funds for Silesia 2021-2027 – EUR 2,216.9m
European Funds for Lesser Poland 2021-2027 – EUR 264.5m
European Funds for Lower Silesia 2021-2027 – EUR 581.6m
European Funds for the Łódź Voivodship 2021-2027 – EUR 369.5m
European Funds for Greater Poland 2021-2027 – EUR 414.8m
The first competitions for JTF funding should be launched in 2Q2023.
The JTF will provide support e.g. for:
PLN 9.5 billion
in funding obtained for our clients
over 500
completed projects
PLN 2.2 billion
obtained for R&D projects
PLN 3.6 billion
obtained for investment projects
PLN 1.9 billion
obtained for environmental projects
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