Fit for 55

➖ A package by the European Union designed to reduce the European Union’s greenhouse gas emissions by 55% by 2030, compared with 1990 levels.

➖ Measures include additional support for clean transport, renewables, and a tariff called the Carbon Border Adjustment Mechanism on emissions for high-carbon imports from countries lacking sufficient greenhouse gas reduction measures of their own.

➖ It proposes to extend the Emissions Trading Scheme to transport and heat.