New EU fund aims to cushion social impact of climate policies

New EU fund aims to cushion social impact of climate policies

The European Commission will launch a fund to alleviate the societal cost of expanding the EU carbon market – the emissions trading scheme (ETS) – to buildings and road transport, according to a leaked draft seen by EURACTV. The EU executive is due to announce a new package of climate legislation on Wednesday, aiming to bring the EU in line with its new 2030 objective of cutting emissions by 55% compared to 1990 levels. The legislative package includes a planned extension of the EU ETS to heating and transport fuels…

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