On Thursday 24 June, MEPs overwhelmingly adopted (635 votes to 35 with 21 abstentions) the agreement that was reached with the EU Council on the public sector loan facility in April (see EUROPE 12706/3).
MEPs have therefore given the green light to one of the three pillars of the European Just Transition Mechanism (see EUROPE 12495/6), alongside the Just Transition Fund (see EUROPE 12620/12). By way of reminder, the goal of the facility is to support investments made by public sector entities in those territories most affected by climate transition, in line with the Just Transition territorial plans.
More specifically, the facility is based on a combination of grants (€1.5 billion) originating from the EU budget and loans of €10 billion from the European Investment Bank (EIB). According to the European Commission, the facility is expected to raise between €25 and €30 billion of public investment over the next 7 years.
National transition plans are still being negotiated. (Original version in French by Pascal Hansens)