The 27 members of the European Union approved on Monday the regulation establishing the so-called Just Transition Fund to help fossil fuel-reliant economies in the bloc move to greener energy, clearing the final hurdle for the fund to launch. The Just Transition Fund (JTF), worth US$21.3 billion (17.5 billion euro), is one of the mechanisms the European Union will use to help its member states to work toward the EU-wide climate goal of achieving net-zero emissions by 2050. Under its Green Deal, the EU pledged has pledged to support investments…
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