European Commission announced that Sweden will receive EUR 155.7 million in EU grants to support the country’s efforts to achieve that this transition will not leave anyone behind in the local economy and society.The JTF support will help Swedish industry transition to climate neutrality, whilclimate neutrality by 2045 and alleviate the impact of the climate transition under Just Transition Fund Programme. Sweden will mobilize a total investment of EUR 311.5 million to help making sure e maintaining competitiveness and sustaining economic and employment levels in the counties of Norrbotten, Västerbotten and Gotland. As industrial emissions account for 32% of Sweden’s total greenhouse gas emissions, the transformation of the steel, mineral and metals industry, main greenhouse emitters, will have an important socio-economic impact. The JTF will help alleviate this impact by investing in research and innovation and in the retraining and reskilling of workers.Because of the scale of the decarbonization challenge, the JTF will also support targeted investments to reduce greenhouse gas emissions in activities covered by the Emissions Trading System, such as steel and cement production. These investments are essential to maintain jobs in these sectors and will ensure that the emissions will be significantly reduced, in line with the requirements of the JTF Regulation. Finally, EUR 9 million of the JTF will contribute to the increased capacity of Gotland’s electricity grid. A strengthened electricity grid on the island of Gotland as well as an increased share of renewable electricity generation is prerequisites for the conversion of the cement plant in the county.The JTF supports the territories most affected by the transition towards a climate-neutral economy. The identification of these territories is specified in Territorial Just Transition Plans and it is carried out through a dialogue with the Commission in the framework of the negotiations of the 2021-2027 Partnership Agreements and the associated programmes. The TJTPs, developed in close consultation with local partners, set out the challenges in each territory, as well as the development needs and objectives to be met by 2030. They also identify the types of operations envisaged along with specific governance mechanisms.
European Commission announced that Sweden will receive EUR 155.7 million in EU grants to support the country’s efforts to achieve that this transition will not leave anyone behind in the local economy and society.The JTF support will help Swedish industry transition to climate neutrality, whilclimate neutrality by 2045 and alleviate the impact of the climate transition under Just Transition Fund Programme. Sweden will mobilize a total investment of EUR 311.5 million to help making sure e maintaining competitiveness and sustaining economic and employment levels in the counties of Norrbotten, Västerbotten and Gotland. As industrial emissions account for 32% of Sweden’s total greenhouse gas emissions, the transformation of the steel, mineral and metals industry, main greenhouse emitters, will have an important socio-economic impact. The JTF will help alleviate this impact by investing in research and innovation and in the retraining and reskilling of workers.Because of the scale of the decarbonization challenge, the JTF will also support targeted investments to reduce greenhouse gas emissions in activities covered by the Emissions Trading System, such as steel and cement production. These investments are essential to maintain jobs in these sectors and will ensure that the emissions will be significantly reduced, in line with the requirements of the JTF Regulation. Finally, EUR 9 million of the JTF will contribute to the increased capacity of Gotland’s electricity grid. A strengthened electricity grid on the island of Gotland as well as an increased share of renewable electricity generation is prerequisites for the conversion of the cement plant in the county.The JTF supports the territories most affected by the transition towards a climate-neutral economy. The identification of these territories is specified in Territorial Just Transition Plans and it is carried out through a dialogue with the Commission in the framework of the negotiations of the 2021-2027 Partnership Agreements and the associated programmes. The TJTPs, developed in close consultation with local partners, set out the challenges in each territory, as well as the development needs and objectives to be met by 2030. They also identify the types of operations envisaged along with specific governance mechanisms.
