Regulation 2023/955 establishing a Social Climate Fund and amending Regulation (EU) 2021/1060.

Subject

Environment gen.

Keyword

Air quality/air pollution Business/industry/corporations Climate change Emissions Energy conservation/energy production Financing Poverty Special fund Transport/storage

Geographical area

European Union Countries

Entry into force notes

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union. It shall apply from 30 June 2024, the date by which the Member States are to bring into force the laws, regulations and administrative provisions necessary to comply with Directive (EU) 2023/959 amending Directive 2003/87/EC as regards Chapter IVa of Directive 2003/87/EC.

Abstract

This Regulation establishes the Social Climate Fund for the period from 2026 to 2032. The Fund shall provide financial support to Member States for the measures and investments included in their Social Climate Plans. The measures and investments supported by the Fund shall benefit households, micro-enterprises and transport users, which are vulnerable and particularly affected by the inclusion of greenhouse gas emissions from buildings and road transport within the scope of Directive 2003/87/EC, in particular households in energy poverty or households in transport poverty. The general objective of the Fund shall be to contribute to a socially fair transition towards climate neutrality by addressing the social impacts of the inclusion of greenhouse gas emissions from buildings and road transport within the scope of Directive 2003/87/EC. This Regulation inserts Article 26a on resources transferred from the Social Climate Fund to the Regulation (EU) 2021/1060.

Full text

English

Website

europa.eu

References - Legislation

Amends

Regulation 2021/1060 laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy.

Legislation | European Union | 2021 (2023)

Keyword: Climate change, Emissions, Financing, Marine area, Risk assessment/management, Energy conservation/energy production, Renewable energy, Special fund, Sustainable development, Aquaculture, Fishery management and conservation, Marine fisheries, Maritime zone

Source: FAO, FAOLEX

Amended by

Directive (EU) 2023/1791 on energy efficiency and amending Regulation (EU) 2023/955.

Legislation | European Union | 2023

Keyword: Bioenergy, Biofuel, Energy conservation/energy production, Internal trade, International trade, Renewable energy, Transport/storage

Source: FAO, FAOLEX