RGI position on the ‘Fit for 55’ package

On 14th July, the European Commission tabled a part of the ‘Fit for 55‘ package to strengthen the EU Emissions Trading System, update the Energy Taxation Directive, and propose new CO2 standards for cars, new energy efficiency standards for buildings, new targets for renewables, and new ways of supporting clean fuels and infrastructure for clean transport.

This is one of the most ambitious policy overhauls in EU history and a unique opportunity for the EU to set the foundations for an at least 55% GHG reduction by 2030 and climate neutrality by 2050.

RGI strongly believes that a renewable-based electrification of our economy, coupled with the sustainable expansion and modernisation of EU electricity grid, is the fastest and most cost-effective way to achieve significant CO2 emission reductions over the coming decade. Therefore, we recommend for the messages in our position paper to be considered in the revision.