Central components of the European Union’s ‘Fit for 55’ emission reduction package are increases in the renewable energy and energy efficiency targets. The widely anticipated Fit for 55 package, aka ‘Delivering on the European Green Deal’, is the European Union’s latest and arguably most comprehensive collection of proposed combined legislative action towards meeting its next major climate target of a 55% reduction in greenhouse gas emissions by 2030. With that, the region would then be on track for climate neutrality by 2050. With the energy sector contributing three-quarters of the region’s emissions, it is the focus of much of the package with increased and more demanding targets than hitherto. But the package also deepens sector coupling in areas including buildings, transport and land use, which can directly or indirectly support the balance of the emissions reductions.
A lynchpin of the new proposals, which will be incorporated in a revised Renewable Energy Directive , is a 25% increase in the renewable energy mix from the current 32% up to 40% by 2030. With the current (2019) share standing at 19.7%, and current measures projecting a one-third share by 2030, the pressure will be on for acceleration of […]