The European Parliament and the German Presidency of the EU Council reached an agreement late on Wednesday 9 December on the regulation for the Just Transition Fund (JTF) that excludes gas investments but maintains the European Parliament’s watered-down call for a green reward mechanism. The Fund will be endowed with €17.5 billion.
The co-legislators agreed to exclude gas investments from the fund, thus rejecting the position Parliament voted for in plenary (see EUROPE B12561A11).