The postponement by one year of ETS 2 – the new emissions trading system for transport and space heating – agreed on Wednesday, 5 November, by the environment ministers of the EU Member States (see other news), will have no impact on the Social Climate Fund (SCF) (see EUROPE B13169A41).
The funds for this mechanism, designed to cushion the social impact of extending the ETS, have already been “secured”, said Climate Commissioner Wopke Hoekstra.
ETS 1 was already intended to fund...