Social Climate Fund: supporting micro-enterprises

The Social Climate Fund is a new EU fund that will help make the green transition fair and inclusive.

A new Emissions Trading System (ETS2) will be introduced in 2027. This system will put a price on carbon emissions from buildings, road transport, and small industries. While this is crucial for reducing emissions, it may affect energy and fuel prices. The Social Climate Fund is designed to cushion the impact on those who may struggle the most. It will support vulnerable people and small businesses who are most affected by rising energy and transport costs as Europe moves towards climate neutrality. It will start operating in 2026, so that support reaches people even before the effects of ETS2 become a reality.

For more information, please see here.