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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

Kort sammanfattning 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 ...

The electricity market reform proposed in the aftermath of the energy crisis includes a proposal to improve energy market transparency, enhance the role of regulatory bodies and ensure protection against market manipulation. The co-legislators reached a provisional agreement in November 2023. The European Parliament is due to vote on the agreed text during its February II 2024 plenary session.

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 ...

Wind energy in the EU

Briefing 29-01-2024

Renewable energy plays a crucial role in the context of EU climate targets and energy security needs. Wind energy will be central to accelerating the roll-out of renewables and the green transition outlined in the European Green Deal and the REPowerEU plan. In 2022, the total installed wind power capacity in the EU reached 204 GW (gigawatts), most of which was onshore (92 %). The European Commission estimates that new EU target of at least 42.5 % renewable energy in energy consumption by 2030 will ...

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 ...

COP28 climate change conference: Outcomes

Kort sammanfattning 13-12-2023

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 ...