Fit for 55

Fit for 55 is a package by the European Union designed to reduce the European Union's greenhouse gas emissions by 55% by 2030.[1] It is part of the union's strategy of the European Green Deal presented first in December 2019.[2]

The package was proposed in July 2021 by the European Commission.[3] After being tabled in 2021, the plans were passed in 2023.[4] Measures include additional support for clean transport, renewables, and a tariff called the Carbon Border Adjustment Mechanism on emissions for high-carbon imports from countries lacking sufficient greenhouse gas reduction measures of their own.[1] It proposes to extend the European Union Emissions Trading System to transport and heat. Compared to the net-zero scenario from the International Energy Agency, the plan contains more measures to ensure that energy remains affordable.[5]

  1. ^ a b Oroschakoff, Kalina (21 June 2021). "5 things to know about EU's Fit for 55 climate package". POLITICO. Retrieved 27 November 2021.
  2. ^ European Comission (11 December 2019). "The European Green Deal". ec.europa.eu/.
  3. ^ "Q&A: How 'Fit for 55' reforms will help EU meet its climate goals". Carbon Brief. 20 July 2021. Retrieved 27 November 2021.
  4. ^ "Commission welcomes completion of key 'Fit for 55' legislation, putting EU on track to exceed 2030 targets". European Commission Press release. 9 October 2023. Retrieved 27 January 2024.
  5. ^ Pavlovic, Ivan (12 November 2021). "Comparing the EU's 'Fit for 55' roadmap and the IEA's net-zero scenario". Euractiv.

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