European Commissioner for Energy Kadri Simson announced an increase in the transition fund to achieve the goal of climate neutrality, also for Romania. Our country will receive 4.4 billion euros through the Just Transition Fund, a mechanism designed to support areas affected by the energy transition.

“We will support the sectors and regions most affected by the transition. Carbon regions, such as those in Romania, are an example. The proposal envisages increasing the transition fund from 7.5 billion euro to 40 billion. Specifically, for Romania, it is an important increase from 700 million euro to over 4.4 billion euro. This is the third largest allocation from this fund and will support vulnerable workers in Romania, creating new economic opportunities for SMEs and start-ups,” said Kadri Simson, according to e-nergia.ro.

The commissioner also welcomed Romania’s efforts and initiatives anchored in the Green Deal. “In the field of renewable energy sources, Romania has an excellent history. By 2017, you have exceeded the target of 24% energy from renewable sources. And you are on the right track to meet the goal set for 2020. It is a huge investment opportunity for Romania,” said Kadri Simson.