Bulgaria Plans To Ask EU For Funding Under Just Transition Mechanism :: The Independent Global Nuclear News Agency: The Bulgarian government will ask for help from the EU investing in new nuclear power at Belene under the bloc’s Just Transition Mechanism, a government position paper says.
The JTM will focus on regions and sectors that are most affected by the transition to a low-carbon economy because of their dependence on fossil fuels. A just transition fund will be used to support territories most affected by the transition towards climate neutrality and avoid regional disparities growing, the European Commission said when it announced the funding last month.
The JTM is one element of the bloc’s Green Deal proposals, which set out ambitious climate and environmental objectives as part of Europe’s efforts to become carbon neutral by 2050.
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