The EU’s plan for a Green Transition
As part of the European Green Deal, with the European Climate Law, the EU has set itself a binding target of achieving climate neutrality by 2050. This requires current greenhouse gas emission levels to drop substantially in the next decades. As an intermediate step towards climate neutrality, the EU has raised its 2030 climate ambition, committing to cutting emissions by at least 55% by 2030.
The EU is working on the revision of its climate, energy and transport-related legislation under the so-called ‘Fit for 55 package’ in order to align current laws with the 2030 and 2050 ambitions. A number of new proposals are also included in the package.
EU ministers exchanged views on the proposed package during an informal meeting in Slovenia in July 2021.
Why ‘Fit for 55’?
‘Fit for 55’ refers to the at least 55% emission reduction target which the EU has set for 2030. The proposed package aims to bring the EU’s climate and energy legislation in line with the 2030 goal.
What is the Fit for 55 package?
The Fit for 55 package is a set of proposals to revise and update EU legislation and to put in place new initiatives with the aim of ensuring that EU policies are in line with the climate goals agreed by the Council and the European Parliament.
The package of proposals aims at providing a coherent and balanced framework for reaching the EU’s climate objectives that is fair and socially just, maintains and strengthens innovation and competitiveness of EU industry while ensuring a level playing field vis-à-vis third country economic operators and underpins the EU’s position as leading the way in the global fight against climate change.
The Commission presented the package on 14 July 2021.