The Environment Ministers of the EU Member States agreed on a General approach to the creation of a Social Climate Fund (SCF) on the night of Tuesday 28 to Wednesday 29 June, which will help Member States to take measures to mitigate the social effects of the energy transition.
The allocation was set at €59 billion in current prices over the period 2027-2032, as proposed by the French Presidency of the EU Council, compared to the €72.2 billion initially proposed by the Commission. A...