The European Commission has announced a €100 billion investment plan to help European regions and industry move beyond fossil fuels. A new EU funding scheme promises to allocate up to €100 billion to regions and sectors across Europe that rely heavily on fossil fuels, particularly coal, peat and shale oil. Announced today as part of the European Commission’s Sustainable Investment Plan, the so-called Just Transition Mechanism (JTM) was set up to help Europe reach carbon neutrality by 2050. Over the … Continue reading EU unveils multi-billion euro plan to support regional energy transition