Can you separate ETS2 myth from fact?
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.
Reopening the MSR decision represents a significant risk to weaken climate ambition particularly in the current political climate where several countries are seeking to roll back climate policy; ETS2 included.
The study shows that implementing ETS2 can be a significant opportunity to both tackle the widespread phenomenon of energy and transport vulnerability in Greece and reduce the carbon footprint of buildings and road transport. The key is to leverage funding sources beyond just the Social Climate Fund
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.
With some countries only beginning public participation in June (and others not having started at all), NGOs are concerned that measures outlined in NSCPs will be insufficient to protect those most vulnerable to ETS2 prices. National governments must prioritise completing their plans as soon as possible, but not at the expense of meaningful stakeholder engagement.Â
