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Letter on carbon: Has the EU ETS come of age?
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
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The EU’s ‘Fit for 55’ climate package aims to reduce emissions 55pc by 2030
EU Renewables Energy efficiency
Tom Young
28 June 2022
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EU Council agrees position on energy targets

Council sets binding EU-level targets of 40pc for renewables’ share of the energy mix and 36pc for energy efficiency

The Council of the EU has adopted negotiating positions on two legislative proposals—amendments to the Renewable Energy Directive and the Energy Efficiency Directive—that form key parts of the ‘Fit for 55’ climate package. Fit for 55 aims to reduce the EU’s emissions by 55pc below 1990 levels by 2030. The Council has reached its positions ahead of the European Parliament. Parliament’s industry committee will vote on the file next month, with a plenary vote tabled for September, after which representatives of the two bodies will meet to discuss the final shape of the law. 40pc – Council target for share of renewables in EU energy mix by 2030 The Council agreed to set a binding EU-leve

Also in this section
Letter on carbon: Has the EU ETS come of age?
28 November 2025
The launch of the bloc’s emissions trading system in 2005 was a pioneering step, but as the scheme hits 21 its impact as a driver of decarbonisation is still open to debate
Can Oxy’s integrated CO₂ approach set a new benchmark for transition-era oil companies?
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
Letter from London: Show me the carbon
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
Letter from Europe: Western retreat raises doubts over climate leadership
Opinion
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined

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