Commission endorses Malta’s €60 million Social Climate Plan to support vulnerable households and small companies in the clean transition

The European Commission has today endorsed Malta’s Social Climate Plan – the fourth national plan adopted under the Social Climate Fund using revenues from carbon pricing to ensure a fair and inclusive clean transition. Malta’s plan will mobilise €60.6 million until 2032, including €45.4 million from the European Union.

The Social Climate Fund provides significant financial support to EU Member States to finance measures and investments identified in their national Social Climate Plans, ensuring that the clean transition is fair and leaves no one behind. Running from 2026 to 2032, the Fund is expected to mobilise at least €86.7 billion, combining revenues from the new emissions trading system for fuel combustion in buildings, road transport and additional sectors (ETS2) as well as Member States’ contributions (at least 25% of the costs of their plans).

Malta’s plan will help vulnerable households improve the energy efficiency of their homes and renovate apartments in public social housing buildings. It will do so through energy-efficiency upgrades, such as roof insulation, and the installation of renewable energy systems, including heat pump water heaters and photovoltaic systems with battery storage.

Source: European Commission