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.
Financing the Transition to a Low-Carbon Economy and the Challenges in Financing Climate Change Adaptation (Exploratory opinion at the request of the Croatian presidency) - Related Opinions
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 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).
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.
The Commission aims for more ambitious 2030 emissions reduction targets, both in the EU and internationally. President von der Leyen wants the EU to lead international negotiations to raise the ambition of other major emitters by 2021, and has pledged to put forward a comprehensive, responsible plan to increase the European Union's emissions reduction target for 2030, from 40 % towards 55 %. The plan should ensure a level playing field and stimulate innovation, competitiveness and jobs, based on social, economic and environmental impact assessments.
The 2030 climate plan Communication, adopted on 17th September 2020, sets out the proposed targets, as well as potential implications for the overall regulatory and enabling framework. It describes the overall architecture of policy measures to be put in place to achieve that target.
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.