Mon. Jul 22nd, 2024

“The EU Parliament must ensure the new laws meet our climate ambitions”, says Pascal Canfin, following the Commission’s presentation of the “Fit for 55 in 2030” package.

Today, the European Commission presented its “Fit for 55 in 2030” package for aligning EU climate and energy policies and ensuring the achievement of the accelerated reduction targets for 2030.

The Chair of the Environment, Public Health and Food Safety Committee Pascal Canfin (Renew, France), said: “Today is a very important step towards our goal of achieving climate neutrality by 2050. These 15 new legislatives texts are a massive overhaul of our climate architecture that will bring about a decisive acceleration in the fight against climate change. We will review the entire EU climate policy and ensure that for each economic sector there is both sufficient climate ambition and a pathway to achieve this transition. In particular, we will ensure that our climate ambition is not undermined by “climate dumping”, by setting up a first-of-its-kind mechanism ensuring that imports pay the same carbon price as European industry. Now it is time for the European Parliament to work on the Commission’s proposals. To me, our objective is to ensure that all the new laws will meet our climate ambitions, and will be able to transform our society without social dislocation.”

Later today, at 17h00, Commission Executive Vice-President Frans Timmermans will present the package to, and debate with, Environment Committee MEPs. You can follow the committee meeting live here. It is also possible to watch a recording via the same link after the meeting.

Background

The “Fit for 55 in 2030” package comprises, inter alia, legislative proposals for the revision of the EU Emissions Trading System (ETS), a Carbon Border Adjustment Mechanism (CBAM), amendments to the Renewable Energy and Energy Efficiency Directives, as well as a revision of the CO2 standards for cars, LULUCF and Effort Sharing Regulations.

The European Climate Law adopted in June 2021 transforms the European Green Deal’s political commitment to EU climate neutrality by 2050 into a binding obligation for the EU and member states. It increases the EU’s target for reduction of greenhouse gas (GHG) emissions by 2030 from 40% to at least 55%, compared to 1990 level. With the contribution from new carbon sinks, reductions could even be 57%.

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