Social Climate Fund proposal

E877515

The Social Climate Fund proposal is an EU initiative aimed at cushioning vulnerable households, micro-enterprises, and transport users from the social and economic impacts of the green transition, particularly higher energy and carbon costs.

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Statements (46)

Predicate Object
instanceOf European Union legislative proposal
climate policy instrument
social policy instrument
addresses distributional impacts of higher carbon prices
distributional impacts of higher energy prices
social and economic impacts of decarbonisation
aimsTo address higher carbon costs linked to climate policies
address higher energy costs linked to climate policies
cushion vulnerable households from the social impacts of the green transition
cushion vulnerable micro-enterprises from the social impacts of the green transition
cushion vulnerable transport users from the social impacts of the green transition
support a socially fair green transition
appliesIn European Union NERFINISHED
basedOn principle of climate justice
principle of solidarity within the European Union
fundedBy EU budget
revenues from emissions trading
governingBody Council of the European Union NERFINISHED
European Parliament NERFINISHED
language English
legalForm regulation proposal
negotiatedThrough ordinary legislative procedure
objective mitigate distributional effects of carbon pricing on low-income groups
promote social cohesion during the green transition
partOf European Green Deal NERFINISHED
Fit for 55 package NERFINISHED
policyArea climate policy
energy policy
social policy
transport policy
proposedBy European Commission NERFINISHED
region Europe
relatedTo EU Emissions Trading System for buildings and road transport NERFINISHED
carbon pricing in the buildings sector
carbon pricing in the road transport sector
requires national Social Climate Plans by Member States
seeksToEnsure no one is left behind in the green transition
supports access to zero- and low-emission mobility
measures to improve energy efficiency of buildings
measures to reduce energy poverty
temporary direct income support measures
targets energy-poor households
vulnerable households
vulnerable micro-enterprises
vulnerable transport users
timeFrame multiannual financial framework period

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Fit for 55 package includesInstrument Social Climate Fund proposal