How much do you know about carbon pricing?
Nikos Mantzaris spoke on Naftemporiki TV about the impacts of the new Emissions Trading System (ETS2) for buildings and road transport on vulnerable households, as well as the tools Greece has at its disposal to address them.
Greece’s national Social climate plan exhibits significant weaknesses and gaps that need to be addressed to ensure the effective implementation of ETS2.
Aong with comprehensive answers to the related questionnaire, actively contributing to the shaping of Europe’s flagship climate policy. It supports strengthening the EU Emissions Trading System (EU ETS) and the Market Stability Reserve (MSR) to accelerate the transition to a climate-neutral economy in a fair and socially equitable manner.
National plans for spending climate funds, which the government must submit to the European Commission by mid – 2026, represent a historic opportunity to rethink how common money is used – success will depend on the cooperation of social policy experts and climate and communication specialists between society and the government.
The Italian approach to ETS2 and the SCF must move beyond ex-post compensation to embrace a pre-distributive logic. Rather than merely offsetting costs after they arise, policies should proactively direct ETS2 revenues toward systemic reforms that reduce both emissions and inequality. This includes investing in renewable energy, energy efficiency and low-carbon mobility, particularly targeting vulnerable households and microenterprises.
By Luke Haywood and Hannah O’Sullivan – discussing the ETS-2 carbon pricing system, the need for fair revenue distribution, and complementary policies to reduce fossil fuel use and support low-income households.
