SOCIAL AFFAIRS / Social/climate

Co-legislators define shape of future Social Climate Fund with increased budget and national co-financing

Brussels, 19/12/2022 (Agence Europe)

Negotiators from the European Parliament and the EU Council Presidency agreed on the final shape of the Social Climate Fund (SCF) on the night of 17-18 December, which will finally reach a total of €86 billion thanks to a 25% co-financing by the European Parliament.

In 2021 the Commission had proposed a €72 billion fund with a 50% national co-financing rule, which would have doubled the capacity of the fund.

The amount of this fund, intended to cushion the shock of the energy...