A number of developed countries already have carbon price mechanisms in place, such as taxes or emission trading systems. The public revenues generated by these mechanisms should ideally be used to further finance the transition to a low-carbon society, and alleviate the short to medium term social and economic problems associated with this transition. Some of the main challenges developed countries currently face include diversifying the economy, ensuring a just transition for workers in, and regions with, high-carbon sectors, and shielding certain sectors faced with competitiveness caused by the asymmetries in carbon price mechanisms over the world. This panel will discuss what financial resources should be used or are already being used, including the various funds included in the EU ETS.