# Union creates a Social Climate Fund alongside ETS2

Date: 2023

Regulation (EU) 2023/955 created a Social Climate Fund to accompany emissions trading for buildings and road transport. It sat in the Fit for 55 family [Timmermans](/people/env-frans-timmermans) ran. Adoption is co-legislative.

## People

- Frans Timmermans: https://factrail.ai/people/frans-timmermans

## Drivers

- Cost-of-Living Pressure: https://factrail.ai/drivers/econ-cost-of-living-pressure

## Sources

- https://www.consilium.europa.eu/en/policies/social-climate-fund/
- https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R0955

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/eu-social-climate-fund-2023