€106 million from the Just Transition Fund (JTF) will be invested to support just climate transition in Normandy, France. 14% of France’s CO2 emissions happen in the Seine Valley and Bresle Valley.
- 18 November 2022
The Just Transition Fund (JTF) will support the decarbonisation of major industrial emitters, such as the chemicals and glass production industry. By investing in a new sustainable ecosystem, it will help retaining 5,170 direct and indirect jobs and create new ones. The Fund will also support the establishment of a plastic waste recycling plant and targeted investments to reduce greenhouse gas emissions.
So-called Territorial Just Transition Plans (TJTPs) identify the territories that will receive JTF support following a dialogue with the Commission and local partners in the framework of the negotiations of the 2021-2027 Partnership Agreements. The Commission approved the Partnership Agreement with France in May 2022. The TJTPs also allow financing under InvestEU (a just transition scheme) and the Public Sector Loan Facility for Just Transition (combining Commission grants with European Investment bank loans).