Fit for 55: EU ETS Explainer

The EU emissions trading system (EU ETS) is the EU’s key tool for reducing greenhouse gas emissions. The reform of the system is a part of the ‘Fit for 55’ package – a set of proposals to revise and update EU climate, energy and transport legislation, which will contribute to the EU’s climate goals of reducing net greenhouse gas emissions by at least 55% by 2030 and reaching climate neutrality by 2050.

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