The French Presidency of the Council of the European Union sent a note to the EU Member States on Friday 29 April, presenting new options for: - a new EU Emissions Trading System for buildings and road transport (ETS2 or ETS BRT); - the creation of a ‘Social Climate Fund’ (SCF) to offset the costs of the ETS2 for the most vulnerable households.
The note focuses on the timetable for the implementation of the ETS2 and the architecture of the SCF.
On the first point, Paris offers three...