The Future of Energy Poverty: Will the Social Climate Fund be enough for a Just Transition?
The Future of Energy Poverty: Will the Social Climate Fund be enough for a Just Transition?

Author(s): Katharine Klačanský
Subject(s): Energy and Environmental Studies, Green Transformation
Published by: EUROPEUM - Institut pro evropskou politiku
Summary/Abstract: A just transition towards a green economy is one that leaves no one behind. In 2020, a European Union (EU) wide survey concluded that over thirty-million people within the EU population are unable to properly heat their homes. On the one hand, decarbonising the EU’s energy system is critical in reaching the EU Green Deal’s climate objective of carbon neutrality by 2050 and reducing emissions by at least 55% compared to 1990 levels, as presented in the Fit for 55 package by 2030. On the other hand, vulnerable citizens in low-income families, who are already feeling the brunt of the incline in energy prices, will be impacted even more as they have less resources and finances to move away from fossil fuels. The ecological transition, therefore, is not cost-free and comes with several challenges that need to be addressed to ensure the social and economic welfare of all European Member State (MS) citizens are met.

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