Towards less greenhouse gases with the Fit for 55 package
Climate change has put the liveability of many areas across the world under pressure. In order to reduce the impact somewhat, the European Union is strongly committed to reducing its CO2 emissions.
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At the end of June, the European Parliament and the Council of the European Union approved the European Climate Law. This climate law includes the binding objective of reducing the CO2 emissions in the European Union by 55% compared to 1990 by 2030.
To achieve that objective, the European Commission launched a number of closely linked proposals under the name ‘Fit for 55’ last month. These include reviews of the existing legislation on the one hand and new instruments on the other.
Reviewed instruments
- review of the European Emissions Trading Scheme (EU ETS);
- review of the Land Use, Land-Use Change and Forestry (LULUCF) regulation;
- review of the Effort Sharing Regulation (ESR);
- adjustment of the Renewable Energy Directive (RED);
- adjustment of the Energy Efficiency Directive (EED);
- review of the Alternative Fuels Infrastructure Directive (AFID);
- adjustments of the regulation on CO2 emission standards for cars and vans;
- review of the Energy Taxation Directive (ETD).
New instruments
- new EU forest strategy;
- Carbon Border Adjustment Mechanism (CBAM);
- establishment of the Social Climate Fund;
- ReFuelEU Aviation – more sustainable fuels in aviation;
- FuelEU Maritime – cleaner maritime fuels.
