In line with the European Green Deal, the European Climate Law sets the legally binding objective of reducing greenhouse gas emission by 55% by 2030 and of achieving climate neutrality by 2050.

On 14th July 2021, the European Commission adopted 13 legislative proposals – called ‘Fit for 55 package’ – to meet its goals. The proposals aim to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions.

The ‘Fit for 55 package’ consists of:

updating the following existing EU laws:

1. Revision of the EU emission trading scheme (EU ETS)

2. Revision of the regulation on land use, land use change and forestry (LULUCF)

3. Revision of the effort sharing regulation (ESR)

4. Amendment to the renewable energy directive (RED)

5. Amendment to the energy efficiency directive (EED)

6. Revision of the alternative fuels infrastructure directive (AFID)

7. Amendment of the regulation setting CO2 emission standards for cars and vans

8. Revision of the energy taxation directive

creating the following new legislations:

1. New EU forest strategy

2. A carbon border adjustment mechanism (CBAM)

3. A Climate Action Social Facility

4. ReFuelEU Aviation – on sustainable aviation fuels

5. FuelEU Maritime – on greening Europe’s maritime space