Study of the Impact of EU ETS 2 on Household Welfare in Poland in the Context of Energy and Transport Poverty – Recommendations for the Social Climate Plan In response to the resolution of the European Parliament (EP) of November 2019 regarding the “alarming climate and environmental situation”, the European Commission (EC) has developed an action plan aimed at reducing greenhouse gas emissions, and thus limiting global Warming so that by 2050 the European Union (EU) achieves climate neutrality.
The package of policy initiatives to make this happen has been called the European Green Deal. Its most important elements include the European climate law, under which EU environment ministers approved a new reduction target in December 2020, stipulating that by 2030, the EU’s net greenhouse gas emissions (i.e., after the deduction of removals) will fall en bloc by at least 55% compared to 1990. To achieve this task, it is necessary to adapt EU regulations. The legislative changes are being carried out as part of the so-called “Fit for 55” package and include the creation of a separate emissions trading system for buildings, road transport and fuels in additional sectors (EU ETS 2) and the establishment of a Social Climate Fund (SCF) to counteract the negative social and distributional impacts of the new system.
