Date - 05/05/2021
14:00 - 15:00
The EU is expected to publish its major Fit for 55 energy and climate package in June spelling out just how the bloc will slash its emissions by 55 percent by 2030. Getting there means revamping just about every EU law on the books — from the Renewable Energy Directive to the Emissions Trading System and the Energy Tax Directive — opening massive debates among politicians, industry, and member countries. The crucial question is how that legislative package comes together and if it actually does what it’s supposed to do — provide a steppingstone toward the ultimate Green Deal goal of reaching climate neutrality by 2050.
- Does the package actually do enough to put the EU on a path toward mid-century climate neutrality? Can it unlock the investment needed to achieve climate neutrality and how does it contribute to the economic recovery?
- What does the package mean for Europe’s competitiveness? And for sectors like steel, cement, chemicals and transport? How can the Fit for 55 package ensure that every sector has a policy and investment pathway to reach climate neutrality?
- How should the effort of reaching the target be apportioned among member countries?
- How do the different initiatives in the package like ETS, CBAM and RED work together, in coherence? How can the EU bring trading partners on board for a CBAM?
- How will the Fit for 55 package avoid Gilets Jaune style backlash by balancing the need for fast action against the need for social justice?
This first event of the 2021 Energy Visions series will convene policy makers, NGOs and industry leaders to unpack Europe’s vision to climate neutrality and how it will translate into tangible action.