The European Green Deal's Investment Plan; so called Sustainable Europe Investment was presented on Tuesday 14th January during the plenary session at the European Parliament in Strasbourg. The plan shall mobilise public investments and private funds through EU financial instruments and it is based on three dimensions:
- Financial dimension that indicates to mobilise up to 1 trillion euros of green investment wave for the next decade. The key role will also be played by the European Investment Bank, which already announced to dedicate part of EIB to serve as »Climate Bank«.
- Providing incentives by public authorities by encouraging green budgeting and procurement, with a special focus on »just transition« regions.
- Practical support by Commission to provide support to public authorities and project leaders during the planning and implementation of sustainable project.
As a part of this Sustainable Investment Plan, the Just Transition Mechanism (JTM) will be focusing to the most effected regions and proposing a package of financial and practical support for at least 1000 billion euros over the period 2012-2027. Find here which are three main sources of financing Just Transition Fund.