Stepping up Europe's Climate Ambition (Communication) - Related Opinions
This "Chapeau Communication" gives an overview of the different proposals of the 'Fit for 55' package as well as their linkages and explains the toolbox of policy measures chosen in order to attain an overall balance between fairness, emission reductions and competitiveness.
The EU ETS was launched in 2005 and covers about 45 % of EU greenhouse gas emissions. The latest revision of the EU ETS Directive, adopted in 2018, sets the total quantity of emission allowances for phase 4 (2021-2030), in line with what was the current EU emission reduction target at the time (40 % reduction below 1990 levels by 2030).
This opinion will provide the civil society perspective on the Carbon Border Adjustment Mechanism. The main purposes of the Carbon Border Adjustment Mechanism (CBAM) would be to discourage EU businesses from moving their production to countries with less ambitious climate change policies (carbon leakage) and to encourage a global move towards net zero carbon emissions by 2050 in line with the Paris Agreement.
The EESC underscores the potential key role of the Sustainable Finance Taxonomy Delegated Regulation in creating a clear, coherent and comprehensive framework to highlight the ambitious development of a greener economy without lock-in effects. The taxonomy should build on technical criteria that clearly define the green investments that directly contribute to Europe's climate objectives.
This opinion will look into the possibilities to engage with young people in a formal way at institutional level and provide the building blocks for a new structured approach to youth engagement at EU level.