On 14 July 2021, the European Commission unveiled a massive legislative package on climate and energy proposals to put the European Green Deal into action.
Better known as the ‘Fit for 55’, these proposals aim to make all sectors of the EU’s economy fit to meet the climate change challenge. They set the EU on a path to reach climate neutrality in a fair, cost-effective and competitive way by 2050. The intermediate target entails the reduction of net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. More information on the launch of the Fit for 55 can be found here.