Fit for 55 is a package by the

European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been ...

designed to reduce the European Union's

greenhouse gas emissions Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and lar ...

by 55% by 2030. The package was proposed in July 2021 by the

European Commission The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body ...

. Under an accelerated legislative process, the plans may become law in 2022. Measures include additional support for clean transport, renewables, and a tariff called the

Carbon Border Adjustment Mechanism The Carbon Border Adjustment Mechanism (CBAM) is a carbon tariff on carbon intensive products, such as cement and some electricity, imported by the European Union. Currently being legislated as part of the European Green Deal it will to take effe ...

on emissions for high-carbon imports from countries lacking sufficient greenhouse gas reduction measures of their own. It proposes to extend the

Emissions Trading Scheme Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission t ...

to transport and heat. Compared to the net-zero scenario from the

International Energy Agency The International Energy Agency (IEA) is a Paris-based autonomous intergovernmental organisation, established in 1974, that provides policy recommendations, analysis and data on the entire global energy sector, with a recent focus on curbing carb ...

, the plan contains more measures to ensure that energy remains affordable.

References

Carbon emissions in the European Union Carbon finance Climate change in the European Union Climate change policy Energy policies and initiatives of the European Union Renewable energy law

Sources

* {{Climate-change-stub