ETS2 and the use of its revenues, including the Social Climate Fund (SCF), are essential to accelerating the decarbonisation of the road transport and buildings sectors, strengthening Europe’s energy security, through increased electrification and energy efficiency, and creating the demand needed for European industry to invest in and scale clean technologies across the Union.
Carbon Market Watch supported this REScoop open letter on protecting the Social Climate Fund, following the suggestion to postpone ETS2. The letter signed by 43 organisations and coalitions details concerns regarding the latest developments around ETS2, and their potential implications on the Social Climate Fund. The Council’s and Parliament’s positions on the 2040 climate target …
A dangerous approach to addressing high ETS2 prices would be to reform the Market Stability Reserve prematurely – before the real price signal and emission levels in the market become clear and without considering the environmental implications of the additional allowances that would enter the market and risk exceeding the ETS2 emissions cap.
The improvement of the functioning of the Modernisation Fund to help lower income member states to decarbonise is particularly important in light of the upcoming ETS2, carbon pricing for buildings and road transport in 2027
Signatories believe that to better prepare member states for the implementation of ETS2, early access must be granted to revenue before the system begins in 2027.
Signatories believe that to better prepare member states for the implementation of ETS2, early access must be granted to revenue before the system begins in 2027.
Carbon Market Watch is campaigning alongside eight EU and national civil society organisations for the imminent Emissions Trading System for road transport and buildings and the Social Climate Fund to deliver a fair and effective decarbonisation transition.
This event will focus on the Social Climate Fund’s role in ETS2 implementation, with a specific emphasis on supporting vulnerable households through the National Social Climate Plans.
This briefing in collaboration with NGO allies outlines the guiding principles necessary for a truly just Social Climate Fund
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