The “Fit for 55” Climate Proposals Explained

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Series Details Number 139
Publication Date August/September 2021
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Despite the jokes about Fit for 55 sounding like a fitness programme for the middle-aged, the climate policy package presented by the European Commission on July 14th is a historic milestone. With its 13 proposals, the Commission has charted a path towards reducing EU-wide greenhouse gas emissions in 2030 by 55 per cent, relative to 1990 levels, as required by the Union’s recently-approved Climate Law. The proposals will face political resistance, because they involve increasing carbon prices for both businesses and households. The key to making the package a reality is to put compensation front and centre, through income support to address energy poverty and investment support for industry’s decarbonisation efforts.

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European Commission: COM (2021) 550: "Fit for 55"

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