Fit for 55

Fit for 55 is the European Union plan to reduce greenhouse gas emissions by 55% by 2030.[1] The package was proposed in July 2021 by the European Commission.[2] Under an accelerated legislative process, the plans may become law in 2022.[3] 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 Emissions Trading Scheme 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.[4]

References
  1. Oroschakoff, Kalina (21 June 2021). "5 things to know about EU's Fit for 55 climate package". POLITICO. Retrieved 27 November 2021.
  2. "Q&A: How 'Fit for 55' reforms will help EU meet its climate goals". Carbon Brief. 20 July 2021. Retrieved 27 November 2021.
  3. "What is the EU's plan to tackle global heating – and will it work?". the Guardian. 14 July 2021. Retrieved 27 November 2021.
  4. Pavlovic, Ivan (12 November 2021). "Comparing the EU's 'Fit for 55' roadmap and the IEA's net-zero scenario". www.euractiv.com.
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