Open letter: A bold and transformative Social Climate Fund is needed, now more than ever
A reform of the emissions trading system (ETS) is currently being discussed at EU level. Proposed by the European Commission, this includes the extension of carbon pricing to the sectors of road transport and buildings, as well as the supplementary launch of a Social Climate Fund (SCF) for social compensation. In an open letter, Germanwatch, together with 37 other organizations, calls for the new ETS not to be seen as a further burden for Europeans, but as an effective response to the energy and climate crisis.