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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 ...

Renewable energy in the EU

In sintesi 04-03-2024

Due to the recent energy crisis, there is a growing focus on renewable energy sources within the European Union (EU) as a possible solution to challenges such as energy security and high prices. The 2023 Renewable Energy Directive (RED) requires the EU to achieve a 42.5 % share of renewable energy sources (RES) in gross final energy consumption by 2030. As of 2022, the EU has reached a 23 % share of renewables in its energy consumption. In analysing the EU’s energy landscape, it is crucial to note ...

On 15 December 2021, the Commission adopted a legislative proposal to recast the 2009 EU Gas Directive as part of the proposed hydrogen and decarbonised gas markets package. This reflects the EU's growing climate ambitions, as set out in the European Green Deal and its 'fit for 55' package. The proposal aims to support the decarbonisation of the energy sector by ramping up the production of renewable gases and hydrogen, and facilitating their integration in EU energy networks. The recast directive ...

On 15 December 2021, the European Commission adopted a major revision (recast) of the Energy Performance of Buildings Directive (EPBD), as part of the 'fit for 55' package. This package is a core part of the European Green Deal, which aims to set the EU firmly on the path towards net zero GHG emissions (climate neutrality) by 2050.The recast EPBD seeks to accelerate building renovation rates, reduce GHG emissions and energy consumption, and promote the uptake of renewable energy in buildings. The ...

On 14 March 2023, the European Commission proposed a reform of the EU electricity market, with the aim of reducing price volatility for consumers and creating favourable conditions for investors in low-carbon energy. The reform includes two legislative proposals – one on electricity market design (EMD) and the other on protection against wholesale energy market manipulation (REMIT). The reform would improve consumer protection by offering more fixed-price contracts and enhancing supplier obligations ...

The 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change in Dubai, United Arab Emirates, ended on 13 December 2023. The conference operationalised the Loss and Damage Fund, which was established by COP27 in 2022. It also concluded the first global stocktake of climate action under the Paris Agreement and adopted a decision calling for accelerated short-term action and an orderly transition away from fossil fuels towards climate-neutral energy systems – the first-ever ...

On 14 July 2021 the European Commission adopted the 'fit for 55' package, which adapts existing climate and energy legislation to meet the new EU objective of a minimum 55 % reduction in greenhouse gas (GHG) emissions by 2030. The 'fit for 55' package is part of the European Green Deal, which aims to put the EU firmly on the path towards climate neutrality by 2050. A key element in the 'fit for 55' package is the revision of the Renewable Energy Directive (RED II), to help the EU deliver the new ...

Energy transition in the EU

Briefing 30-11-2023

Energy is central to the European Union's transition towards climate neutrality by 2050, in line with the European Green Deal. As the biggest source of greenhouse gas emissions in the European Union (EU), the energy sector is undergoing a profound transformation on the path to a net-zero economy. The shift to a more sustainable energy system entails switching from fossil fuels to low-carbon and renewable energy sources, improving energy efficiency in products, industry and buildings, and creating ...

EU lawmakers signed a regulation on ensuring a level playing field for sustainable air transport, otherwise referred to as the ReFuelEU Aviation Regulation, on 18 October 2023. It was published in the Official Journal on 31 October 2023 and will apply from 1 January 2024. However, Articles 4, 5, 6, 8 and 10 will apply from 1 January 2025. The new regulation is a part of a legislative package to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse ...