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Just Transition Fund

Divisions emerge ahead of EU Climate Law and Just Transition bill reading

The weeks ahead could prove decisive for the bloc’s decarbonization ambitions as the European Parliament prepares for several votes and legislative proposals from the commission. The European Climate Law and the Just Transition Fund are critical parts of the European Green Deal but remain points of contention at Brussels.

Will a watered down EU Just Transition Fund still be effective?

The EU Council has rejected a Covid-inspired European Commission proposal for a €40 billion warchest to help coal-dependent regions shift to renewables, with the heads of member states instead allocating €17.5 billion. Despite the final figure being €10 billion higher than that suggested by the commission before coronavirus battered Europe, questions have been asked about how useful the program will be.

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EU hydrogen strategy could drive 120 GW of renewables capacity

The European Commission has outlined a long-anticipated plan it says could unlock up to €340 billion for new solar and wind projects over the next decade. The 30-year strategy envisages up to €470 billion being spent on electrolyzer capacity.

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Eastern Europe coal exit offers a €50bn clean power opportunity

With Bulgaria, Poland, Romania and Czechia having dragged their heels over climate legislation for years, BloombergNEF has estimated the most economic route out of the coal habit. It is a path which could see 40% less carbon emissions in 2030 than were recorded last year, with a 47% clean energy power mix.

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European Council resists calls for Just Transition Fund cash to be available for gas and nuclear generation

The heads of state of the 27 EU member states agreed to resist calls from a reported eight countries to expand the nature of projects eligible for energy transition support beyond renewables.

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Statkraft greens Polish steel with 10-year PPA

The Norwegian hydropower producer has tapped its extensive Polish power purchase agreement portfolio to offer a bankable supply agreement for one of the biggest power consumers in the country.

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