Fit for 55: Reshaping global climate leadership and transatlantic cooperation EnergySource by The Global Energy Center
Facade of the European Parliament Paul Henri-Spaak building in Brussels, Belgium (Guillaume Périgois/Unsplash)
On July 14, 2021, the European Union (EU) took another major step towards climate neutrality by rolling out a massive roadmap that provides a legislative backbone for the European Green Deal. The Fit for 55 package includes climate, energy, land use, transport, and taxation policies aimed at reducing greenhouse gas emissions 55 percent by 2030, compared to 1990 levels. Will the package push global leaders to turn climate goals into action or will complex negotiations between the 27 EU member states and the European Parliament derail the EU’s efforts to lead on the energy transition? In this rapid response piece, Global Energy Center experts analyze the highlights and implications of the Fit for 55 package.
Rapid Response: President Biden s Leaders Summit on Climate atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.
Engineers working on site at transmission system infrastructure project (yuttana Contributor Studio/ Shutterstock)
Released on March 31, the Biden-Harris administration’s massive infrastructure plan, called the American Jobs Plan, is hugely ambitious. Biden accordingly described it as a “once-in-a-generation investment.” The proposal does not just look to fix the US’ crumbling infrastructure currently ranked 13th in the world it aims to transform the US economy, simultaneously addressing climate change, employment, and historic inequities. Its strength is that it recognizes the connections between infrastructure, energy, water, climate change, access to services, jobs, and justice. However, this might also be its weakness. While the individual proposals are not necessarily inseparable, coming in at an estimated $2 trillion, the plan will face significant hurdles in Congress. If it passes, it is likely to look very different than it does now.