Just Transition Fund

Logo: EU funds logo pair for 2021-2027 programming period

The Just Transition Fund (JTF) is one of the EU’s key tools to support regions in the transition towards climate neutrality by 2050.

JTF that supports the economic diversification and reconversion of the territories concerned. It seeks to provide support to territories facing serious socio-economic challenges arising from the transition towards climate neutrality.

The main objectives are to:

  • alleviate the impact of the transition by financing the diversification and modernization of the local economy;

  • mitigate the negative repercussions on employment.

In order to achieve these objectives, the Just Transition Fund supports investments in areas such as:

  • digital connectivity,

  • clean energy technologies,

  • reduction of emissions,

  • regeneration of industrial sites,

  • reskilling of workers,

  • technical assistance.

The Just Transition Fund is implemented under shared management rules, which means close cooperation with national, regional and local authorities. In order to access Just Transition Fund support, Member States have to submit territorial just transition plans. Latvia has developed and approved a Fair Reformation Territorial Plan, which outlines the process of redeployment and determines which changes to climate neutrality are most affected and where JTF support should be concentrated.