EU member states have approved a EUR 17.5 billion fund which aims to help some countries wean themselves from polluting industries like coal mining and others with high emissions, moving them towards green industries in the push to achieve net zero GHG emissions. The so-called Just Transition Fund (“JTF”) injects money into communities that are dependent upon such industries, helping them to shut down facilities like coal mines and reskilling the workers who work in them by adopting new, green industries.
Because of its massive coal mining industry, Poland looks to be the biggest recipient of the JTF, while Germany and Romania are also set to receive funds. Recipients must make their case to the European Commission as to how the money will be used towards a green transition, and it is prohibited to use the funds towards nuclear or natural gas.
Source: Reuters
A total of three US soldiers were found dead while a fourth remains missing after…
The US and Russia are discussing the potential reopening of the Nord Stream 2 gas…
Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday…
Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and…
Romania and Poland have gender pay disparities among the lowest in the EU, according to…
European leaders met in Brussels on 20 March to confront a mounting policy dilemma: how…