Yesterday the Council agreed to exclude all fossil fuel activities, including fossil gas, from the scope of the Just Transition Fund, a financial mechanism meant to support EU regions that currently rely the most on fossil fuels in their just transition towards climate neutrality.
Markus Trilling, finance and subsidies policy coordinator at Climate Action Network (CAN) Europe reacted:
“The Council’s agreement to exclude fossil fuels from the Just Transition Fund sends a clear signal that the European Green Deal will not be achieved with financial flows fueling the climate crisis, which we highly welcome. We call upon the European Parliament to do the same. However the Just Transition Fund is only one part of the EU budget and recovery package. The fossil fuel exclusion must be copied to all EU funding. The recovery is a once in a generation opportunity to radically shift financial flows towards climate neutrality, let’s not miss it!”
Nicolas Derobert, Head of communications, firstname.lastname@example.org, +32 483 62 18 88
Climate Action Network (CAN) Europe is Europe’s leading NGO coalition fighting dangerous climate change. With over 170 member organisations active in 38 European countries, representing over 1.500 NGOs and more than 47million citizens, CAN Europe promotes sustainable climate, energy and development policies throughout Europe.