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European Commission Announces Package of Proposals for European Green Deal — Orbitax Tax News & Alerts

The European Commission has announced a Package of Proposals for the European Green Deal adopted on 14 July 2021.


COLLEGE MEETING: European Green Deal: Commission proposes transformation of EU economy and society to meet climate ambitions

Today, the European Commission adopted a broad set of proposals to make 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. Achieving these emission reductions in the next decade is crucial to Europe becoming the world's first climate-neutral continent by 2050 and making the European Green Deal a reality. With today's proposals, the Commission is presenting the legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform our economy and society for a fair, green and prosperous future.

A press release and six Q&As on Emission Trading/ETS, Effort sharing and the inclusion of greenhouse gas emissions from land use, land use change and forestry, Making our energy systems fit for our climate targets, Carbon Border Adjustment Mechanism, Energy taxation and Transport are available online. Ten factsheets, and the texts of all of today's proposals are available on the dedicated website.