The Just Transition Mechanism (JTM) is a key tool to ensure that the transition towards a climate-neutral economy happens in a fair way, leaving no one behind.
This topic targets projects linked to a framework loan to address serious social, economic and environmental challenges deriving from the transition towards the EU’s 2030 climate and energy targets and the EU’s 2050 objective of climate neutrality, for the benefit of the EU territories identified in the Territorial Just Transition Plans.
– The projects must be linked to an EIB framework loan. Framework loans by other banks or EIB financial intermediaries (including EIB Intermediated Framework Loans or Multi-Beneficiary Intermediated Loans) cannot benefit from PSLF funding under this topic.
This Call has the following topics:
Projects related to a wide range of sustainable investments may be funded, such as:
The grant will be a lump sum grant. This means that it will reimburse a fixed amount, based on a lump sum or financing not linked to costs. The amount will be fixed by the granting authority as a fixed percentage of the loan component granted by the EIB/financial intermediary (15 % or 25 % if the project is located in a less developed region within the meaning of Article 108(2) of the CPR Regulation 2021/106022 and Decision 2021/113023).
Your project application must clearly describe the framework loan (types of projects targeted, location, budget estimates for projects/types of projects, significance of the grant components, contribution to the relevant Territorial Just Transition Plan, maximum amount of funding (loan and grant components; grant fixed 15 or 25% of the loan), definition of the recipients that may receive the support and criteria for awarding it); specify how the grants will be awarded/distributed (including how the principles of transparency and equal treatment will be applied) and managed (including your role)
In order to be eligible, the applicants (beneficiaries and affiliated entities) must:
− be legal entities (public bodies or private bodies entrusted with a public service mission) established in an EU Member State.
Beneficiaries and affiliated entities must register in the Participant Register — before submitting the proposal — and will have to be validated by the Central Validation Service (REA Validation). For the validation, they will be requested to upload documents showing legal status and origin.
Applications will only be considered eligible if their content corresponds wholly (or at least in part) to the topic description for which they are submitted.
Eligible activities are the ones set out in section 2 above.
The following activities are not considered as eligible for funding under this call:
For help related to this call, please contact: CINEA-JTM-PSLF@ec.europa.eu