Social climate fund

At a Glance 01-06-2022

As part of the 'fit for 55' package, the Commission has proposed the creation of a social climate fund (SCF) to compensate vulnerable households, micro-businesses and transport users for some of the costs of the green transition. The fund would be financed primarily through the extension of the EU emissions trading system to cover the buildings and transport sectors. Members will debate the SCF during the June I 2022 plenary session.