Objectives and processing of the Fit for 55 Package in Finland
It is the EU’s objective to be climate neutral by 2050. On its way to climate neutrality, the EU is committed to reducing greenhouse gas emissions by at least 55 per cent of the 1990 level by 2030. In July 2021, the European Commission presented the EU climate package, the so-called ‘Fit for 55 Package’, which will help the EU reach its emissions reduction target for 2030.
The European Climate Law entered into force in summer 2021, making the climate neutrality target for 2050 and the emissions reduction target for 2030 legally binding.
A package of 12 legislative proposals
The Fit for 55 Package is a comprehensive set of proposals for climate legislation. In autumn 2021, negotiations on the proposed directives began between the European Parliament, European Commission and Member States.
The proposals that concern a revision and an expansion of emissions trading, effort sharing among the Member States, the role of the land use sector (LULUCF), CO2 emission standards for cars and vans, the Carbon Border Adjustment Mechanism, energy taxation, energy efficiency, and renewable energy.
The Fit for 55 Package includes the following legislative proposals:
- a revision of the EU Emissions Trading System (EU ETS), including its extension to shipping, tightening the rules for stationary installations, revision of the rules for aviation emissions and establishing a separate emissions trading system for road transport and buildings
- a revision of the Effort Sharing Regulation on Member States’ reduction targets in sectors outside the EU ETS
- a revision of the regulation on the inclusion of greenhouse gas emissions and removals from land use, land use change and forestry in the 2030 climate and energy framework (LULUCF)
- a revision of the Renewable Energy Directive
- a recast of the Energy Efficiency Directive
- a revision of the Alternative Fuels Infrastructure Directive
- an amendment of the regulation setting CO2 emission standards for cars and vans
- a revision of the Energy Tax Directive
- a Carbon Border Adjustment Mechanism
- ReFuelEU Aviation Initiative for sustainable aviation fuels
- FuelEU Maritime Initiative for a green European maritime space
- a Social Climate Fund
In autumn 2021, the European Commission issued proposals for a revision of the Energy Performance of Buildings Directive and for EU’s own resources concerning the revenue from auctioning emission allowances and the Social Climate Fund.
Processing of the Fit for 55 Package in Finland
Finland underlines the importance of achieving the EU’s climate targets and of ensuring the overall level of ambition in the Fit for 55 Package. An effective EU climate policy will support Finland in achieving our carbon neutrality target by 2035.
The green transition must be carried out in ways that are socially, economically and ecologically sustainable, feasible and cost-effective, and it must take account of biodiversity loss prevention, digital transformation and the fairness of the transition.
The Government will evaluate the proposals from the perspective of the overall national and European interest. In addition to climate impacts, the proposals must take into account how the transition affects competitiveness, central government revenue and Finland’s contributions to the EU. It is also important to systematically assess the impact of the decisions on people’s wellbeing.