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European Green Deal

The “Fit for 55 Package”

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15 July 2021

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Commitment to net zero emissions by 2050 will only be achieved with significant new investment and a rapid change in the sourcing of some of our most fundamental commodities, energy and water.

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The EU has adopted a climate law enshrining its new climate targets of at least a 55% reduction in greenhouse gas emissions by 2030 compared to 1990 levels and net zero by 2050. The European Commission published its first part of the “Fit for 55” package in July 2021 to enable the EU to meet those targets. The second part was released in December 2021.

The Fit for 55 Package encompasses a suite of legislative initiatives across various sectors, including energy, transport and buildings, which is intended to fundamentally overhaul the EU’s climate policy framework and put the EU on track to deliver on its 2030 climate target of 55%. For an overview on what is expected, see our blog post here.

Below we set out short summaries of each of the key pieces of legislation which will be updated regularly.

Key legislation

July package

Key legislation

Key legislation

December package

Key legislation

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Commitment to net zero emissions by 2050 will only be achieved with significant new investment and a rapid change in the sourcing of some of our most fundamental commodities, energy and water.

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Key Contacts

Kerry Liebenberg
Kerry Liebenberg

Climate Finance Counsel, London*

United Kingdom

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Rachel Barrett

Environment, Social and Governance Partner, London

United Kingdom

Ruth Losch
Ruth Losch

Germany

Sara
Sara Feijao

United Kingdom

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