Investing in a green future
As 2024 concludes, the EU’s Fit for 55 framework takes center stage as a model of climate action. Targeting a 55% reduction in greenhouse gas (GHG) emissions by 2030 compared to 1990 levels, the initiative has seen significant progress this year.
Transportation is one of the largest sources of greenhouse gas emissions in the EU, responsible for nearly 30% of total emissions. The Fit for 55 package targets this sector with stringent measures to reduce pollution, encourage electric vehicle (EV) adoption, and support sustainable transportation options. Here’s how these changes will impact the future of transportation in Europe.
Governments can pool funding for priority climate actions through their budget processes, such as those set out in their national climate commitments, or issue sovereign green bonds to finance projects.
