Feedback: Just Transition Fund

Following the publication of the Just Transition Fund (JTF) Regulation on 14 January 2020, EuroACE gave its feedback on the proposal.

Matching financing with our ambition. EuroACE welcomed the proposal for a Just Transition Fund, recognising that some areas in the EU are more in need than others. However, €7.5bn of additional money over the next MFF period is not enough to match our ambition: to reach the 2030 energy efficiency target of 32.5%, investments in 2021-2030 need to be around €280bn every year.

Prioritising people – renovating buildings. Investing for the European Green Deal means investing in people. The JTF should be about re-skilling, creating local quality jobs and providing citizens with comfortable, healthy homes. Investments in the energy renovation of private residential and commercial buildings should be explicitly included in the scope of eligible investments, not only public buildings, which are a tiny proportion of the building stock.