Fit for 55
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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 EESC :
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).