Fit for 55 package of directives adopted by the Council of the European Union

Plan działania na rzecz lepszego

Fit for 55 – main objectives

Fit for 55, or Gotowi na 55 as it is translated in Polish, is the name of a series of actions and reforms that will ultimately lead Europe to zero greenhouse gas emissions. The number 55 in the name refers to the goal behind the initiative, which is to reduce emissions by 55% by 2030. The second goal is for the EU to achieve climate neutrality by 2050. The principles behind Fit for 55 are:

  • Ensuring a socially just transition,
  • Maintaining or increasing the innovation and competitiveness of EU industry,
  • Ensuring equality of opportunity vis-à-vis third-country operators,
  • Strengthening the EU’s position as a leader in the global fight against climate change.

These ambitious goals are to be achieved by updating and introducing a series of regulations at the European Union-wide level.

Agreed package of directives under Fit for 55

Agreeing on more legislation at the European level is quite a challenge. Especially when we consider that the transformation is supposed to be fair in nature. Adoption by the Council of the European Union on April 25 of this year. The regulatory package is thus a major step toward reducing greenhouse gas emissions.

The amendments to the regulations, adopted by member state representatives, concern:

  • ETS reforms – the gradual (by 2026) phase-out of freeCO2 emission allowances and the inclusion of new sectors in the system – the so-called “ETS”. ETS2 is to cover land, water and air transportation, as well as construction;
  • The Carbon Border Adjustment Mechanism (CBAM) is legislation that would gradually (starting in 2026) impose fees at the border for differences inCO2 emission tariffs in non-EU countries;
  • Introducing a Social Climate Fund -supporting those most vulnerable to energy poverty.

Once the documents are adopted by the Council, the publication of new regulations aimed at EU climate neutrality is expected to accelerate.

music-cover