Including fossil fuels in the Social Climate Fund will lock the most vulnerable into expensive and dirty fossil fuels for many years to come.
A coalition of 35 NGOs – including WWF, CAN Europe and T&E – are alarmed by the failure of EU negotiators to exclude fossil fuels from financial support under the Social Climate Fund (SCF). Without an exclusion, the SCF could lock households and transport users in the most vulnerable situations into dependency on expensive and polluting fossil fuels, instead of investing in the insulation and clean technologies that would help them benefit from the transition to climate neutrality.
Measures to keep ETS2 prices affordable
EU lawmakers vote in favour of a watered-down 2040 emissions reduction target of 85% and a a one-year delay to ETS2
EU government ministers have agreed on a watered-down 2040 emissions reduction target of 85%, inclusive of reliance on offsets