On Wednesday 8 February, the Member States’ ambassadors approved the political agreement reached at the end of December between the Czech Presidency of the EU Council and the European Parliament rapporteurs on the ‘Social Climate Fund’, which should mitigate the ‘social’ effects of the entry into force of the new Emissions Trading System for road transport and buildings (ETS2) (see EUROPE B13097A17).
ETS2 will come into force in 2027; the fund will have started in 2026, financed the...