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About Commodity Insights
06 Jul 2021 | 13:00 UTC
The EU has raised its 2030 greenhouse gas reduction target from a gross 40% to a net 55% on 1990 levels. An ambitious package of initiatives, Fit for 55, is to deliver the target.
Reform of the EU Emissions Trading System is at the heart of the package, but across the piece it is transport that emerges as the EC's key target, as it has proved largely immune to decarbonization efforts thus far.