Delivering Climate Targets

The document argues that while the EU's Fit for 55 Package is essential for reducing greenhouse gas emissions by at least 55% by 2030, its mitigation policies risk disproportionately affecting vulnerable citizens and workers in carbon-intensive industries. It recommends a progressive approach to fiscal reform, including the redistribution of carbon revenues and the use of the Social Climate Fund, to maintain political support and protect living standards. The paper emphasizes the need for targeted energy policies to address high energy prices and active reconversion policies for regions dependent on fossil fuels, noting the role of the Just Transition Fund in supporting coal-dependent areas.

• The EU's Fit for 55 Package aims to reduce net greenhouse gas emissions by at least 55% by 2030, but its implementation risks placing a disproportionate burden on vulnerable citizens and workers in carbon-intensive sectors.
• To maintain political support and protect living standards, the EU should implement progressive fiscal reforms, such as ending fossil fuel subsidies and increasing carbon pricing, provided the revenues are redistributed to households.
• The energy transition requires both short-term compensation for energy price increases and long-term accessibility to clean mobility and energy renovation for vulnerable households.
• The EU has established mechanisms to support the transition of carbon-dependent regions, including the Just Transition Fund created in 2020 for coal-dependent areas and the proposed Social Climate Fund within the Fit for 55 Package.
• Proposed reforms in the Fit for 55 Package will impact energy prices for European citizens starting in 2026 through the extension of carbon pricing to transport and buildings and the removal of energy taxation loopholes.

APA

Stockholm Environment Institute (2022). Delivering Climate Targets. https://www.sei.org/publications/delivering-climate-targets/

Chicago

Stockholm Environment Institute. Delivering Climate Targets. 2022. https://www.sei.org/publications/delivering-climate-targets/.

Wikipedia

{{cite report |author=Stockholm Environment Institute |title=Delivering Climate Targets |date=29 September 2022 |url=https://www.sei.org/publications/delivering-climate-targets/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{stockholmenvironmentinstitute2022delivering, author = {{Stockholm Environment Institute}}, title = {{Delivering Climate Targets}}, institution = {Stockholm Environment Institute}, year = {2022}, month = sep, url = {https://www.sei.org/publications/delivering-climate-targets/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }