Commission Completion of Key ‘Fit for 55' Legislation, Putting EU On Track To Exceed 2030 targets
The Commission welcomes today’s adoption of two final pillars of its “Fit for 55” legislative package for delivering the EU’s 2030 climate targets. Ahead of the crucial COP28 UN Climate Conference, and next year’s European elections, thisis delivering on its promises made to citizens and international partners to lead the way on climate action and shape the green transition for the benefit of citizens and industries.
With this reform, Member States will now spend 100% of their emissions trading revenues on climate and energy-related projects and the social dimension of the transition. The newly-created Social Climate Fund will dedicate 65 billion euros from the EU budget, and over 86 billion euros in total to support the most vulnerable citizens and small businesses with the green transition.
The new Regulation for the deployment of alternative fuels infrastructure sets mandatory deployment targets for electric recharging and hydrogen refuelling infrastructure along European roads. In this way, the publicly accessible recharging infrastructure for cars and vans grows at the same speed as the electric vehicle fleet.
Questions and Answers — Strengthening and expanding EU Emissions Trading with a dedicated Social Climate Fund
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