EU plans new social fund from expanded carbon market, says EC climate chief

Published 16:21 on June 9, 2021  /  Last updated at 00:00 on June 10, 2021  /  EMEA, EU ETS  /  No Comments

The European Commission will create a ‘climate action social fund’ with revenues from an expanded carbon market if it decides to bring emissions from vehicles and buildings under the EU ETS, the bloc’s climate chief Frans Timmermans said on Wednesday.

The European Commission will create a ‘climate action social fund’ with revenues from an expanded carbon market if it decides to bring emissions from vehicles and buildings under the EU ETS, the bloc’s climate chief Frans Timmermans said on Wednesday.

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