The core objective of this grant is to address serious social, economic, and environmental challenges arising from the transition towards the EU's 2030 climate and energy targets and the objective of climate neutrality by 2050. It does this by providing grants in combination with European Investment Bank (EIB) loans to public sector entities for investments that do not generate sufficient revenue to cover their costs.
- Target recipient type and size: Public law bodies or bodies governed by private law entrusted with a public service mission. Organizational size is not specified.
- SECTOR-SPECIFIC: This grant specifically targets sustainable investments within sectors impacted by the transition to a climate-neutral economy, as outlined in Territorial Just Transition Plans.
- Geographic scope: EU Member States. Projects must benefit territories identified in approved Territorial Just Transition Plans.
- Key filtering criteria: The applicant must be an eligible public or public service-oriented body, the project must be linked to an EIB framework loan, and it must align with the objectives of the Just Transition Mechanism and relevant climate goals.
- Grant frequency: This is a recurring opportunity through a rolling call for proposals with multiple annual cut-off deadlines, extending until September 2025.