FIT FOR 55 FACTSHEET:  EU ETS (General)

Emissions Reduction Targets: The emissions reduction target would increase by 18%, to require 61% emissions reductions by 2030 compared to 2005 levels. This would be done by raising the linear reduction factor from 2.2% to 4.2% per year, and a one-off reduction (re-basing) of the emissions cap; the new linear reduction factor will have the...

FIT FOR 55 FACTSHEET: Social Climate Fund

by Julia Wild Not mentioned. Definition for mobility poverty was added, referring to households that face high transport costs and/or limited access to affordable public or alternative modes of transport to meet essential socio-economic needs. Not mentioned. Focus on island Member States and outermost regions stating that an adequate minimum amount of funds shall be...

FIT FOR 55 FACTSHEET: Aviation ETS

by Reinout Debergh Only flights within the European Economic Area (EEA) and those to the UK and Switzerland are covered Scope expanded to also include all departing flights from the EEA to outside the EEA with reimbursement of Corsia costs for those routes. Potential full scope in 2027 pending assessment of Corsia. Outmost regions exempted...

Fit For 55: ITRE Committee Meetings 20-21/04/2022

On April 20, 2022, the following was covered: Mending EU gas policy was discussed and fast-tracked for negotiations; Purchasing a majority of the supply for winter of 2022 and 2023 is a priority; Shifting to renewables instead of gas is another strategy, but regional and non-voluntary cooperation are crucial to increase renewables to 45% of energy needs by 2030.

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Fit For 55: ITRE Committee Meeting 21-22/03/2022

The current Russian aggression in Ukraine is significantly affecting EU Energy policies. Hydrogen holds potential for delinking EU gas demands from Russia, although its technology is still at the early stage. There is a need for continuous dialogue between EU policymakers and the energy industry, and to stay in line with the Paris Agreement.

Fit For 55: ITRE/ENVI Committee Meetings 03/03/2022

Energy efficiency means being independent from Russia’s oil and gas, focusing on renewable energy sources and innovation at EU level. Renewable energy usage should be reflected in the EU’s ambition by more than 40% by 2030, with a particular focus on hydrogen. Energy efficiency is strongly related to energy waste, in the sense that at EU level there should be a new behavior towards minimizing consumption and waste in general.