Thread by @Sustainable2050

EC press conference on its big Fit for 55 program (to meet the 2030 emissions reduction target) about to start. Follow it live here: audiovisual.ec.europa.eu/en/ebs/live/1

EVP Frans @TimmermansEU leads the EU Green Deal development.
Commissioners speaking:
Kadri Simson, Energy
Paolo Gentiloni, Economy
Adina Valean, Transport
Virginijus Sinkevicius, Environment
Janusz Wojciechowski, Agriculture

"About to start" was a bit optimistic; EC's #Fitfor55 press conference now scheduled to start at 14:15 CET.

The press conference just started.
Ursula @vonderleyen opening. "Proud that Europe is now the first continent to present a comprehensive roadmap to meet our emission reduction targets, combining it with new jobs and a better environment."

.@vonderleyen: "Principle of #Fitfor55 is: carbon pricing with social compensation. Emission trading to be extended to aviation and maritime. Second ETS to be created for buildings and road transport (emissions still increasing there)."

.@vonderleyen: "Social Climate Fund will provide support for who needs it, for investments and to remedy and prevent energy poverty. Innovation is key. This change will not be easy, but remember: too little climate action is changing everything."

Frans @TimmermansEU: "50°C in NW-Canada, tornadoes in the Czech Republic. We need to do this. Price on carbon + premium on decarbonizing, stimulating innovation. Climate neutrality by 2050 gives humanity a fighting chance."

Energy Commissioner @KadriSimson: "We need an unprecedented transformation this decade to become climate neutral by 2050. 40% renewable energy by 2030 + ramp up energy efficiency. Greener, smarter, faster brings big opportunities too."

Economy Commissioner @PaoloGentiloni: "We will introduce a Carbon Border Adjustment Mechanism, gradually and WTO-compatible. Same price for domestic production and imports. A first in the world. Pluse review the energy taxation directive, removing support for fossil fuels."

Transport Commissioner @AdinaValean: "Sustainable Aviation Fuels now <0.1%, our goal will be 5% by 2030. In shipping, we want 30%(?) reduction of greenhouse gas intensity by 2035."
[I hope that wasn't 13%, and 30% still seems to be modest, tbh]

I'll leave it at this for now. Much more detail on #Fitfor55 to follow in the coming 2 days!

PS The goal for GHG emission *intensity* reduction by 2035 (halfway 2050) is -13%, not -30%...
And intensity means that growth of shipping means less emission reduction than 13%, or even continued growth of emissions.

https://twitter.com/WolbertusR/status/1415293032119873541?s=20

PS2 A 40% EU renewable *energy* share by 2030 is higher than expected. It means:
- a very high share of renewables in *electricity* by then
- rapid electrification, to increase the share of electricity in total final energy demand
- a strong drive for renewable heat and fuels.

PS3 We also learned from @PaoloGentiloni that the Carbon Border Adjustment Mechanism (CBAM) is to be referred to as "C-bam". So now you know how to sound like a Fitfor55 pro ;)

The @EU_Commission's 15-page communication on its #Fitfor55 roadmap can be found here: ec.europa.eu/info/sites/def…