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An Overview of the EU's 'Fit for 55' Climate Plan

An Overview of the EU's 'Fit for 55' Climate Plan

The European Union’s executive branch, the European Commission, last week unveiled its ‘Fit for 55’ climate plan: an ambitious set of policy and regulatory proposals aimed at lowering the bloc’s net emissions by “at least” 55% by 2030 compared to 1990 levels. In this piece, we’ve put together an overview of the plan’s principal components.

EU Lawmakers Advance Carbon Border Adjustments Resolution

EU Lawmakers Advance Carbon Border Adjustments Resolution

If implemented, EU carbon border adjustments would place a duty on imports from jurisdictions lacking a sufficient price on carbon emissions. This would protect European industries subject to the bloc’s carbon pricing system from competition with producers in countries with weaker environmental laws, as well as ‘leakage’, wherein businesses relocate operations to environmentally lax jurisdictions to increase cost competitiveness (i.e., ‘offshoring pollution’).

Irish Supreme Court Delivers Second Landmark European Climate Decision

Irish Supreme Court Delivers Second Landmark European Climate Decision

On July 31st, Ireland’s Supreme Court held that the Irish government’s current climate plan failed to meet the requirements set out in the statutory Climate Action and Low Carbon Development Act of 2015. The ruling will require the government to (a) revise its plan to realise greater near-term emission reductions, and (b) better specify how Ireland will achieve the Act’s long-term objective of net zero carbon emissions by 2050.