information
EU agrees to strengthen and expand emissions trading, and creates a Social Climate Fund to help people in the transition
The European Commission welcomes the provisional agreement reached with the European Parliament and Council to strengthen the EU Emissions Trading System (ETS), apply emissions trading to new sectors for effective economy-wide climate action, and establish a Social Climate Fund. This deal is a fundamental step towards reaching the EU's commitment to reduce net greenhouse gas emissions by at least 55% by 2030. At the same time the Social Climate Fund will help to ensure that the transition is fair.
You can read the whole article, here: https://ec.europa.eu/commission/presscorner/detail/en/IP_22_7796
Kind regards,
EIC BAS Team