EPRS Admin By / June 5, 2022

Sankey Fit for 55-P1-GW

Under the new package, road transport and buildings would be included in the revised EU ETS, but would still be covered by the Effort-sharing Regulation. To reduce transport sector emissions, the new ETS for transport fuels would be complemented by stronger CO2 emission standards for new cars and vans, revised rules for alternative fuels infrastructure and new legislation on maritime and aviation fuels. Energy production and use across the economy are addressed by the revision of key EU energy legislation, a new regulation on energy-related methane emissions (within the effort-sharing sector), and a reform of the EU gas markets (Gas and Hydrogen Regulation and Directive). The proposals on ETS, effort-sharing, energy performance of buildings, renewable energy, energy efficiency and the social climate fund address energy use in buildings. Finally, the revision of the LULUCF Regulation is geared towards ensuring that the sector achieves 310 Mt CO2 removals by 2030. There would be certain flexibilities between the LULUCF sector and the effort-sharing sector. The revised Renewable Energy Directive contains sustainability criteria for biofuels, which affect the LULUCF sector.

The ‘fit for 55’ package, presented in July and December 2021, is 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 consists of 13 interlinked proposals to revise existing EU climate and energy laws, and six proposals for new legislation.
The proposals aim to accelerate emission reductions in the sectors covered by the EU emissions trading system (ETS) and the sectors covered by the Effort-sharing Regulation, and to increase carbon removals in the land use, land-use change and forestry (LULUCF) sector.

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