The European Commission has given the green light to Greece’s Social Climate Plan. The program, worth €4.8 billion, is designed to support vulnerable households, transport users, and small businesses through the clean transition.
It is the fifth and largest national plan approved so far under the Social Climate Fund, which will use revenue from emissions trading to advance the clean transition and support vulnerable consumers and businesses.
The plan was developed by Greek authorities in cooperation with the Commission. Once implemented, the investments and reforms backed by Greece’s Social Climate Plan (2026-2032) are expected to help cut emissions by 811,000 tonnes of CO2 equivalent annually by 2032.
Where the Funding Comes From
The plan will mobilize €4.77 billion by 2032, including €3.57 billion (75%) from the EU and €1.2 billion (25%) from national resources. Greece will be able to request its first payment from the Commission once implementation begins and the required milestones are met.
The Social Climate Fund is designed to support measures and investments in energy efficiency, building renovation, clean heating and cooling, the integration of renewable energy sources, and zero-emission transport and mobility.
Running from 2026 to 2032, the Fund is expected to mobilize at least €86.7 billion across the EU, combining revenue from the new emissions trading system covering fuel combustion in buildings, road transport, and additional sectors (ETS2) with matching contributions from member states.
