Fit for 55 marks Europe’s climate moment of truth
Payne Institute Fellow Simone Tagliapietra writes about how the European Commission’s long-awaited ‘Fit for 55’ package, intended to facilitate a European Union greenhouse gas emissions cut of 55% by 2030 compared to 1990, has as its core mission to turn the 2020s into a transformative decade for climate action. If agreed and implemented, the Fit for 55 proposals would both deepen and broaden the decarbonisation of Europe’s economy to achieve climate neutrality by 2050. Without the package, under current EU climate legislation, Europe will only achieve a 60% emissions reduction by 2050. July 14, 2021.