Just Transition Fund in the context of "Sustainable energy"

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⭐ Core Definition: Just Transition Fund

The energy policy of the European Union focuses on energy security, sustainability, and integrating the energy markets of member states. An increasingly important part of it is climate policy. A key energy policy adopted in 2009 is the 20/20/20 objectives, binding for all EU Member States. The target involved increasing the share of renewable energy in its final energy use to 20%, reduce greenhouse gases by 20% and increase energy efficiency by 20%. After this target was met, new targets for 2030 were set at a 55% reduction of greenhouse gas emissions by 2030 as part of the European Green Deal. After the Russian invasion of Ukraine, the EU's energy policy turned more towards energy security in their REPowerEU policy package, which boosts both renewable deployment and fossil fuel infrastructure for alternative suppliers.

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Just Transition Fund in the context of Cohesion Fund

The Cohesion Fund, one of the five European Structural and Investment Funds of the European Union, provides support to Member States with a gross national income per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU. Common regulatory provisions apply to the five ESIF funds, along with the Just Transition Fund, the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy.

The fund's purpose includes support for investments in the environmental field and on Trans-European Networks in the area of transport infrastructure (TEN-T).

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