Because the planet keeps the receipts.

Policy

Europe unveils 'Fit for 55' to turn climate goals into law

The EU proposed a sweeping package of measures to cut emissions 55 percent by 2030.

The European Union unveiled a sweeping package of legislation this July designed to turn its ambitious climate goals into concrete law, proposing dramatic measures across the economy to cut the bloc's greenhouse gas emissions by at least 55 percent by 2030 — the package that gave the plan its name, "Fit for 55."

The proposals touched nearly every sector. They included a major expansion and tightening of the bloc's carbon market, a world-first carbon border tax on certain imports to prevent companies from relocating to avoid climate rules, an effective ban on the sale of new petrol and diesel cars from 2035, and stepped-up targets for renewable energy and energy efficiency.

The package represented one of the most comprehensive attempts by any major economy to legislate a path to deep decarbonisation, translating the broad vision of the European Green Deal into detailed, binding measures.

The proposals set the stage for intense negotiation and lobbying, as governments, industries and interest groups across the 27 member states grappled with the costs and implications of such a profound transformation, and with concerns about competitiveness and the burden on consumers.

Turning the ambitious proposals into agreed law would take years of hard bargaining. But the package marked a serious effort to match rhetoric with action, and positioned the EU at the forefront of global climate policy. Its measures, particularly the carbon border tax, also carried implications far beyond Europe, as trading partners weighed how to respond to a bloc determined to drive the transition.