March 29, 2024

Fit for 55

  • European Commission has adopted a set of proposals termed Fit for 55.
  • Fit for 55 refers to the EU’s target of reducing net greenhouse gas emissions by at least 55% by 2030.
  • It is a set of proposals to revise and update EU legislation and to put in place new initiatives to ensure that EU policies are into line with the agreed climate goals.
  • This includes extension to emissions from maritime transport, reduction of emissions allowances, implementation of the global carbon offsetting and reduction scheme for international aviation etc.
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