The “Fit for 55” Climate Proposals Explained

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Series Details Number 139
Publication Date August/September 2021
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Summary:

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.

Source Link https://www.cer.eu/publications/archive/bulletin-article/2021/fit-55-climate-proposals-explained
Alternative sources
  • https://www.cer.eu/sites/default/files/bulletin_139_article2_EC.pdf
Related Links
ESO Records
European Commission: COM (2021) 550: "Fit for 55" https://www.europeansources.info/record/fit-for-55-delivering-the-eus-2030-climate-target-on-the-way-to-climate-neutrality/

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