EU Presidents sign off on Casa’s Social Climate Fund

The EU Regulation establishing Casa’s Social Climate Fund was formally concluded, as the top EU representatives signed off on the new Fund.

A signing ceremony was held in Strasbourg, which was overseen by MEP David Casa as lead negotiator on the Social Climate Fund. The final text was endorsed by European Parliament President Roberta Metsola and Swedish Foreign Minister Jessika Roswall, representing the Presidency of the Council of the European Union.

Following the signatures, the regulation will be published in the Official Journal of the European Union, bringing to a close a process which included almost 18 months of negotiations.

“The Social Climate Fund, from which Maltese citizens are set to benefit from a mobilisation of €60 million, will start operating in 2026,” Casa explained. “It represents a total investment of up to €86.7 billion across the European Union to the benefit of households and small businesses."

“Investments in energy efficiency will lead to lower emissions, and more savings in the long run for citizens.  As the social safety valve of the fit-for-55 package, the Social Climate Fund is the most significant social milestone in the climate transition.”