Transition Fund

Bulgaria's Just Transition: EU Injects EUR 1.2 Billion to Transform Coal Regions into Green Hubs

Bulgaria embarks on a green revolution with the European Commission's endorsement of the country's Territorial Just Transition Plans (TJTPs), marking a monumental stride toward sustainable development. The European Union's Just Transition Fund (JTF) is set to infuse Bulgaria with EUR 1.2 billion, earmarked to empower regions grappling with coal phase-outs and CO2 emission cuts.

The EC approved Bulgaria to Receive over BGN 32 Billion (EUR 16.4) for 7 years

The European Commission approved today the partnership agreement with Bulgaria for 11 billion euros (BGN 21.5 billion) for the period 2021 - 2027, the EC announced.

Thus, together with the funds under the Recovery Plan, Bulgaria will have access to over BGN 32 billion from the EU for the 7-year period.

Challenges facing Slovenian energy sector discussed at top-level meeting

Brdo pri Kranju – Government ministers and energy sector representatives discussed key frameworks and guidelines on climate change, the decarbonisation of society and the importance of energy in different sectors at Wednesday’s consultation on energy called by Prime Minister Janez Janša.

European Parliament Approved Creation of EU Just Transition Fund Worth €17.5 Billion

The European Parliament has approved the creation of a Just Transition Fund to compensate for action to achieve climate neutrality in the EU economy by 2050.

This is the first proposal to implement the European Green Pact, was adopted by 615 votes to 35, with 46 abstentions.

What is Just Transition Fund?

Bulgaria Will Receive EUR 1,3 Billion from EU Just Transition Fund

Pernik, Stara Zagora and Kyustendil are the regions in Bulgaria earmarked to receive the most generous financial aid from the EU Just Transition Fund.

Targeted investments will be made in the three coal-producing regions to adapt them to European environmental requirements. The Fund is in the focus of the upcoming European Parliament (EP) plenary sessions this week.

Debate hears coal phase-out date should be set with consensus

Ljubljana – A round table debate on Tuesday heard that, while coal phase-out is inevitable, it should be made sure that power supply is not threatened as Slovenia is making the relevant transition. The participants agreed that the year of closure of the sole operational coal mine in Velenje should be set in consensus of all stakeholders.

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