On 17 April, the
European Parliament voted on parts of the "Fit
for 55" package including the
results of the negotiations on the Social Climate Fund (SCF) in Strasbourg. The final report has now been adopted
by a majority. In March, the
German Social Insurance European Representation (DSV) reported about
the discussions in the committees of the European Parliaments.
The Parliament is
now paving a way towards more climate neutrality in Europe by 2050. Efficient
climate protection, more reform investments by European companies and direct
support for citizens shall lead to a better quality of life. This would result
in more employment opportunities for citizens in the EU.
Highly remunerative fund
The Social Climate Fund (SCF) is
established for the period 2026-2032. In the first year, it will be financed by
revenues from the auctioning of allowances from the existing Emissions Trading
Scheme (ETS), estimated at around four billion euros. Once the new ETS enters
into force in 2027, the SCF will be financed by auctioning ETS allowances up to
an amount of EUR 65 billion, with a further 25 per cent covered by national
Climate protection with social justice
The newly created
SCF, with 86 billion Euro in support, is intended to reach EU citizens directly.
The fund is linked to the new ETS by also including emissions from
buildings and road transport now. To counter the risk of rising energy prices,
ambitious measures and funding are planned for vulnerable households, transport
users as well as micro-enterprises that are disproportionately affected by the
clean energy transition. Only with social justice in each new initiative will
the EU be able to be more resilient to various threats and crises.
Environmental justice must be ensured across Europe to benefit disadvantaged
regions that are severely affected by pollution and climate change.
Green social protection systems at national level
aims to provide access to affordable, sustainable transport and energy for all.
In the debate, Members of Parliament (MEPs) call on the European Commission and EU Member States to build
the SCF and develop green social protection systems at national level. This
could strengthen social resilience to the impacts of climate change and
environmental degradation. Optimisation of health protection for people
affected by climate change and unemployment protection for workers who lose
their jobs due to extreme climatic conditions or as a result of the closure of
carbon-intensive industries shall be supported by the fund.