Press release - Deal on establishing the Social Climate Fund to support the energy transition
Negotiators agreed to establish the Social Climate Fund (SCF) to benefit vulnerable households, micro-enterprises and transport users that are particularly affected by energy and transport poverty.
- Negotiators agreed to establish the Social Climate Fund (SCF) to benefit vulnerable households, micro-enterprises and transport users that are particularly affected by energy and transport poverty.
- Only measures and investments that respect the principle of ‘do no significant harm’ and aim to reduce fossil fuel dependency will receive support.
- Quotes
Co-rapporteur Esther de LANGE (EPP, NL) said: “With this agreement we aim to ensure a fair energy transition for everyone. - The Social Climate Fund will help vulnerable households in the energy transition, for instance with insulation vouchers or moving towards greener transport options.