Fit for 55 definition

Fit for 55 delivering the EU's 2030 Climate Target on the way to climate neutrality’, in particular by encouraging young people to formulate their own initiatives and creative ideas on achieving the relevant targets, thereby recognising the creative and innovative potential and abilities of young people.
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Fit for 55 means the EU’s plan for a green transition in the form of set of proposals to revise and update EU legislation. “FPC” means fixed price certificate.
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Examples of Fit for 55 in a sentence

  • This will involve providing the municipality with more of an overview of current and future Swedish and European legislation, rules and standards of relevance to the climate transition of cities (such as the Fit for 55 policy package).

  • Other proposals within Fit for 55 is tightening the provisions of the EU Emissions Trading Scheme (EU ETS) for intra-European flights and the introduction of tax on fossil kerosene based on the energy content introduced linearly in a transition period of 10 years from 2023, corresponding to the minimum tax rates for road transport fuels.

  • It will be necessary to support the implementation of measures to achieve national energy targets expressed in the NECP, as well as the more ambitious goals of the Fit for 55 Package.

  • At general EU level, the content of the proposals in Fit for 55 and RED II (Renewable Energy Directive), has a clear goal of achieving noticeable emission restrictions.

  • In Europe regulations such as the proposal package Fit for 55 is centered around creating a fair market with forced developments.

  • On 29 June 2022, the European Council and the European Parliament adopted their General Approach on "Fit for 55" and the whole package of reforms is expected to be published during 2023.

  • The agreed energy efficiency target of 11.7% is higher than the initial EC proposal as part of Fit for 55 (i.e. 9%), but lower than the European Parliament’s proposal for higher ambition (i.e. 14%.

  • On 14 July 2021, the EC unveiled its first batch of the "Fit for 55" package of revised climate and energy laws aiming to align key EU policies with the new 55 per cent.

  • CBAM is part of the EU Green Deal / Fit for 55 package, which is the EU’s plan to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels.

  • In addition, the implementation of the "Fit for 55" proposals, as well as the measures in the REPowerEU plan, could gradually remove at least 155 bcm of fossil gas use, which is equivalent to the volume imported from Russia in 2021.