Did you know that Ireland is set to receive up to €84.5 million from the Just Transition Fund?
The European Union’s Just Transition Fund (EU JTF) is a brand-new fund created under the 2021-2027 programming round. It operates under Regulation (EU) 2021/1056 within the framework of the EU Cohesion policy.
The Fund’s single specific objective is to support the regions and communities in Europe that are most negatively affected by the transition to climate neutrality, ensuring that no one is left behind.
In essence, the EU JTF aims to address employment, economic, social and environmental impacts that come with the shift away from carbon-intense activities. In Ireland’s case, the territory supported by the Fund will focus on the regions where there have been direct impacts from the move away from peat production and electricity generation from peat.
Ireland is set to receive up to €84.5 million from the EU Just Transition Fund over the period to 2027. With the Government of Ireland’s match funding using Exchequer resources, up to €169 million will be available.
As required in legislation, Ireland has prepared a Territorial Just Transition Plan and accompanying Programme setting out the activities the Fund supports. With the European Commission’s recent adoption of Ireland’s Territorial Plan and the JTF Programme, activities under the programme will begin rolling out in early 2023.
Several evidence-based assessments have identified certain counties and municipal districts in the wider Midlands as being the most negatively affected in Ireland by the closure of peat-reliant power stations. This will therefore be the target area of the EU JTF.
The territory will consist of the counties and municipal districts indicated in the map below.
This territorial designation was approved at Government level on the basis of:
These reports can be found on this www.gov.ie page.
The EU Just Transition Fund in Ireland has 3 priority areas for investment:
These priority areas are designed to complement each other to address employment, economic, social and environmental impacts from the cessation of peat production for energy generation in the wider Midlands area. They are also complemented by other EU funding programmes.
Find out more about other EU funding programmes on our site.
The EU Just Transition Fund is one of three pillars of the Just Transition Mechanism under the European Green Deal. Investments under the Just Transition Fund may be complemented by a combination of grants and loans to private sector entities from the EU’s InvestEU instrument (Pillar 2) or through a specific Public Sector Loan Facility managed by the European Investment Bank (Pillar 3).
Read more about the Just Transition Mechanism.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.