Climate crisis begs the question: is Europe “Fit for 55”?

The European Commission launched its ‘Fit for 55’ package, a set of proposals designed to update EU legislation according to its climate objectives (notably reducing carbon emissions by at least 55% by 2030). But the centrality of its market mechanisms poses big questions as to its effectiveness and distributional impact, says expert Béla Galgóczi.

Climate crisis begs the question: is Europe “Fit for 55”?
The European Commission launched its ‘Fit for 55’ package, a set of proposals designed to update EU legislation according to its climate objectives (notably reducing carbon emissions by at least 55% by 2030). But the centrality of its market mechanisms poses big questions as to its effectiveness and distributional impact, says expert Béla Galgóczi.