The Just Transition Fund (JTF) is the first pillar of the Just Transition Mechanism (JTM). It is a key tool to support the territories most affected by the transition towards climate neutrality providing them with tailored support. It is implemented under shared management, under the overall framework of Cohesion policy, which is the main EU policy to reduce regional disparities and to address structural changes in the EU. The fund is equipped with €17.5 billion (in 2018 prices; €19.7 billion in current prices including transfers from other funds are made available to Member States). This amount corresponds to fresh money made available to support EU countries in their green transition, out of which €7.5 billion is financed under the EU’s 2021-2027 budget, while the remaining €10 billion constitutes external assigned revenue stemming from the European Recovery Instrument.
