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Fit for 55 package

Briefing 06-03-2024

The 'fit for 55' package of July and December 2021 was designed to realise the European Climate Law objectives: climate neutrality by 2050 and a 55 % reduction of net greenhouse gas (GHG) emissions by 2030, compared with 1990 levels. It consisted of 13 interlinked proposals to revise existing EU climate and energy laws, and six new legislative proposals. All proposals, except the Energy Taxation Directive, have been adopted or agreed by the European Parliament and the Council of the EU. The package ...

This briefing follows up the commitments made by the commissioner since 2019.

This briefing follows up on the commitments made by the commissioner in 2019.

The revision of the Energy Taxation Directive (ETD) is part of the 'fit for 55' package. The current ETD (Directive 2003/96/EC) is outdated and out of sync with the EU's climate and energy objectives. It favours the use of fossil fuels and no longer contributes to the proper functioning of the internal market. The aspects of energy taxation requiring most urgent revision are the level and structure of minimum rates, replacement of the volume-based approach to energy taxation with one based on energy ...

The aim of this study is to critically assess the proposed Green Deal’s growth, financing and regulatory challenges. The study discusses the need for extended Shared Socio-economic Pathways. It examines the key growth drivers of the Green Deal and the green investment gap, the optimal mix of taxation and command-and-control measures, trade and competition policy and the implications for macroprudential supervision. This document was provided by Policy Department A at the request of the Committee ...

Compilation of four briefings made up by European Parliament's external contractors to the attention of INTA Committee, on trade-related aspects of carbon border adjustment mechanisms.

This briefing discusses the possible reactions of the European Union’s larger trading partners to carbon border measures. Section 1 discusses experiences of carbon border adjustment-like regimes prior to the European Commission’s announcement of the Green Deal. It focuses on the EU Aviation Directive, the US policy debate, and the Californian CBA for electricity. Section 2 considers reactions to the Green Deal announcement, based on informal discussion with officials from major trading partners to ...

Environmental taxation is one way of encouraging a shift towards more eco-friendly choices; employed in combination with the other instruments available, it can help bring about the adjustments required to tackle the environmental and climate challenges facing us today. The aim of environmental taxation, in principle, is to factor environmental damage, or negative externalities, into prices in order to steer production and consumption choices in a more eco-friendly direction. Environmental taxation ...

The commissioner-designate, Frans Timmermans, appeared before the European Parliament on 08 October 2019 to answer questions from MEPs in the Committee on the Environment, Public Health and Food Safety. During the hearing, he made a number of commitments which are highlighted in this document. These commitments refer to his portfolio, as described in the mission letter sent to him by Ursula von der Leyen, President-elect of the European Commission, including "A European Green Deal" and a "Climate ...

The commissioner-designate, Kadri Simson, appeared before the European Parliament on 03 October 2019 to answer questions from MEPs’ in the Committees on Industry, Research and Energy. During the hearing, she made a number of commitments which are highlighted in this document. These commitments refer to her portfolio, as described in the mission letter sent to her by Ursula von der Leyen, President-elect of the European Commission, including: - Safe, secure and sustainable energy; - Empowering ...