As the European Union moves towards a carbon neutral economy, ensuring that communities dependent on fossil fuels for their energy and livelihoods are treated fairly and helped to adapt, is a top priority. The European Union’s Just Transition Mechanism aims to address the socioeconomic impact of the transition to a low-carbon economy and environmental legacy problems to harness new sustainable economic development opportunities for the most affected places and communities. This paper sets out how the European Investment Bank Group plans to support the Just Transition Mechanism and do its part to ensure that no one is left behind.

As the European Union moves towards a carbon neutral economy, ensuring that communities dependent on fossil fuels for their energy and livelihoods are treated fairly and helped to adapt, is a top priority. The European Union’s Just Transition Mechanism aims to address the socioeconomic impact of the transition to a low-carbon economy and environmental legacy problems to harness new sustainable economic development opportunities for the most affected places and communities. This paper sets out how the European Investment Bank Group plans to support the Just Transition Mechanism and do its part to ensure that no one is left behind.