Focus on the ‘Fit for 55’ package
By 2050, Europe aims to become the world’s first climate-neutral continent. To pave the way to achieve this ambitious target in the fight for climate change, the European Commission pledged to reach the following more detailed targets by 2030:
- Minimum 55% cuts in greenhouse gas emissions
- Above 32% share of renewable energy
- At least 32.5% improvement in energy efficiency
In order to be able to reach these targets on time, the European Commission created a dedicated action plan known as the EU Green Deal which covers a wide range of policy areas. KPMG has prepared an EU Green Deal Policy Guide to help summarize the key takeaways from each of these reforms.