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Poland’s just transition bonus cut 50% under EC proposal

19:23

Poland’s just transition bonus cut 50% under EC proposal
source: Flickr

Poland was to get the most money from the new Just Transformation Fund, which is to support Europe's regions most dependent on coal. According to the initial proposal, €2 billion was to flow to Poland. However, it can lose half of this money if it does not declare - like the rest of the EU countries - that it will take action to achieve climate neutrality.

"For member states that have not yet committed to a national objective of climate neutrality by 2050, access to the Just Transition Fund will be limited to 50% of their national allocation," European Council President Charles Michel’s proposal explains.

The text is aimed squarely at Poland, which is now the only country not to have committed fully to the net-zero emissions plan. At a December Council summit, the other then-27 member states all agreed to the target, while Poland won itself a derogation until June.

(Business Insider)

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