The EU’s ‘Fit for 55’ climate package aims to reduce emissions 55pc by 2030
EU Council agrees position on energy targets
Council sets binding EU-level targets of 40pc for renewables’ share of the energy mix and 36pc for energy efficiency
The Council of the EU has adopted negotiating positions on two legislative proposals—amendments to the Renewable Energy Directive and the Energy Efficiency Directive—that form key parts of the ‘Fit for 55’ climate package. Fit for 55 aims to reduce the EU’s emissions by 55pc below 1990 levels by 2030. The Council has reached its positions ahead of the European Parliament. Parliament’s industry committee will vote on the file next month, with a plenary vote tabled for September, after which representatives of the two bodies will meet to discuss the final shape of the law. 40pc – Council target for share of renewables in EU energy mix by 2030 The Council agreed to set a binding EU-leve
Also in this section
12 November 2024
Standards have been agreed for a mechanism under Article 6.4 of the Paris Agreement to trade carbon credits internationally
8 November 2024
The energy sector will need all viable technologies to meet surging demand as AI and datacentres drain power grids
31 October 2024
Russia still aspires to become a major supplier of hydrogen, CO₂ storage capacity and carbon credits, despite financial constraints and the loss of Western technology and expertise
30 October 2024
Occidental subsidiary signs agreement with Enterprise Products Partners for pipelines and transport services for Bluebonnet hub
