What is fitfo?

Fitfo, also known as "Fit for 55," is a package of interlinked proposals from the European Commission aimed at making the EU's climate, energy, transport, and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This ambitious target is a crucial step towards achieving climate neutrality by 2050, a core goal of the European%20Green%20Deal.

The package covers a wide range of sectors and instruments, including:

• Emissions%20Trading%20System%20(ETS): Revising and expanding the EU ETS, including extending it to new sectors like maritime transport and buildings.
• Carbon%20Border%20Adjustment%20Mechanism%20(CBAM): Introducing a carbon border tax to prevent carbon leakage and encourage cleaner production outside the EU.
• Renewable%20Energy%20Directive%20(RED): Increasing the share of renewable energy in the EU's energy mix.
• Energy%20Efficiency%20Directive%20(EED): Strengthening energy efficiency targets across various sectors.
• Regulation%20Setting%20CO2%20Emission%20Standards%20for%20Cars%20and%20Vans: Accelerating the transition to zero-emission vehicles.
• Social%20Climate%20Fund: Establishing a fund to address the social impacts of the green transition, ensuring that no one is left behind.

The Fit for 55 package is a complex and ambitious undertaking that aims to transform the EU's economy and society to be more sustainable and resilient. It is subject to ongoing negotiations and debate among member states, the European Parliament, and stakeholders.