Romania is among the main beneficiaries of the Fair Transition Mechanism, intended to help Europe become climate neutral by 2050, according to European Commission estimates presented to EU member states, Bloomberg says.
According to preliminary estimates, Poland would be the main beneficiary of the Mechanism for a fair transition, given that it would benefit from investments worth around 27 billion euro. Next is Germany, with investments of 13.4 billion euro, Romania with 10.1 billion euros and the Czech Republic with 7.8 billion euro, writes Bloomberg News, according to Agerpres.
The Mechanism for a Just Transition has at least 100 billion euro in financial and practical support package. Poland, a country that relies on coal for more than 80% of its electricity production, would benefit from more than a quarter of total investments.