On Tuesday 24 May, DeHavilland will be hosting an event on the Fit for 55 package. In this blog, we explore the package’s proposals.
DeHavilland EU's next event will take place between 09:00 – 10:00 CET on Tuesday 24 May and will focusing on the EU’s #Fitfor55 package. With expert panellists, the event will discuss the EU’s plans and will be answering audience questions. Click here to register: https://lnkd.in/ebvJCdpy
The panellists include:
Ismail Ertug MEP, S&D Germany; TRAN rapporteur for alternative fuels infrastructure and batteries legislation. Mr Ertug has been appointed Rapporteur of the EU Parliament’s TRAN Committee. One of his proposals includes a fleet-based target through creating a higher minimum power output per vehicle.
Kieran Watkins, EU Regulatory and Public Affairs, Freshfields Bruckhaus Deringer.
Mr Watkins’ is a senior consultant, specialising in energy, circular economy and transport where he provides clients with expert strategic advice.
Christina Kouremenou, Senior Policy Consultant, DeHavilland EU
Ms Kouremenou is an EU analyst and researcher with a legal background, specialising in policy and regulatory analysis.
In July 2021, Policy Consultant Ilias Bafounis published a Policy Note summarising the EU’s Fit for 55 package when it was launched.
But what is the EU’s Fit for 55 package?
The EU have set the goal of creating a carbon neutral future for Europe, with the aim of reducing greenhouse gases by at least 55% by 2030. To achieve this, the EU presented revised and updated legislation to ensure climate goals and policies are in conformity.
The Fit for 55 package contains 14 legislative proposals, eight of which would strengthen existing legislative instruments and five that are completely new regulations.
Included in the package are:
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EU emissions trading system
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Member states’ emissions reduction targets
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Emissions and removals from land use, land use change and forestry
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Renewable energy targets
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Energy efficiency goals
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Social climate fund plans
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Greener fuels in shipping
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Sustainable aviation fuels
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Carbon border adjustment mechanism
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Energy taxation
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CO2 emission standards for cars and vans
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Alternative fuels infrastructure
Renewable energy targets
Part of the strategy is to increase the usage of renewable energy across a range of industries. The updated renewable energy directive proposes to increase the overall binding target from the current 32% to a new level of 40% of renewables in the EU energy mix.
Emission reduction targets for all transport modes
The revised alternative fuels infrastructure regulation will require member states to expand charging capacity in line with zero emission car sales, and to install charging and fuelling points. This will include increasing standards for carbon dioxide emissions by shifting towards zero emission mobility. The EU will be accelerating the accessibility of recharging and refuelling for electric vehicles and creating restrictions on carbon dioxide emissions for cars and vans.
For the aviation industry, the ReFuelEU initiative will oblige fuel suppliers to blend increasing levels of sustainable aviation fuels in jet fuel taken on-board at EU airports, including synthetic low carbon fuels, known as e-fuels. The FuelEU maritime initiative will stimulate the uptake of sustainable maritime fuels and zero emission technologies by setting a maximum limit on the greenhouse gas content of energy used by ships calling at European ports.
Social climate fund proposal
A new social climate fund is proposed to provide dedicated funding to member states to help citizens finance investments in energy efficiency. This proposal will look into the social and distributional impact of new emissions trading system with a specific focus on the issues arising for lower income groups with an agreed plan on targets, milestones and deliverables.
Want a deeper understanding of EU’s plans to combat climate change? Join our event
Join here to be a part of the discussion: https://lnkd.in/ebvJCdpy