Romania could become the third beneficiary of the Fair Transition Fund, together with Germany and Poland, provided it has enough projects to attract the allocated amounts, say EY Romania consultants.

The Just Transition Fund, which would provide the Member States with grants worth 7.5 billion euro, will reach a total financing capacity of 30-50 billion euro when it will include other resources within the framework of cohesion policy or additional national resources.

This fund is one of the three pillars that are part of the Just Transition Mechanism, prepared and presented by the European Commission, for the period 2021-2027, according to Agerpres.

The other two pillars are: a dedicated investment scheme, part of the InvestEU program (formerly known as the Juncker Plan), which aims to mobilize about 45 billion euro and attract private investment (for example in the field of renewable energy or sustainable transport) and a new public lending mechanism managed by the European Investment Bank (EIB), which would mobilize another 25-30 billion euro, which will be used for loans to the public sector (for example for investments in district heating networks or for building efficiency).