On Wednesday 18 January, negotiators from the European Parliament and the Council of the EU concluded the last technical trilogue on the Social Climate Fund (SCF).
The political agreement was announced on 18 December (see EUROPE 13087/17), but final details had to be finalised, notably on the financing of the Fund in the event of a one-year postponement of the entry into force of the ETS2 system (the emissions trading system extended to road transport and buildings) which is to finance it.
The latest discussions have resulted in an amount of €54,6 billion (excluding national co-financing) if ETS2 starts in 2028, compared to €65 billion if ETS2 starts financing the Social Climate Fund from 2027 as planned.
Member States are expected to vote on this political agreement on the Social Climate Fund on 1 February, after which MEPs will have to approve the agreement in the ENVI Committee and then in plenary.
However, on Thursday 19 January, there was still some uncertainty as to how the Social Climate Fund will be financed in 2027, as it is still supposed to be financed via the ETS1. (Original version in French by Solenn Paulic)