It's Fit For 55 day in Brussels. College of commissioners is still holed up in Brussels making final adjustments to ~13 pieces of legislation that will impose sweeping costs on households and businesses for polluting. College meeting could drag on for another hour at least...
https://twitter.com/ftbrussels/status/1415159686895181827
Most sensitive parts of today's package is how to limit what Brussels admits is a "regressive" system to impose carbon price on cars and heating of buildings. Germany is among the few countries firmly behind a new mini ETS for 🚘🏠. France, CEE, and south need to be convinced
Commission officials were also locked in talks yesterday evening on when to de facto ban sales of new petrol/diesel cars. France is leading charge for a gradual phase out ending in 2040. Commission will stick with its date of 2035 but with lower target of 55% CO2 cuts in 2030
It's still early days but I strong indicator that the best way to get Fit For 55 is to bring snacks to the press room 
🔔 The college meeting is over. Press conference with *seven* commissioners to come
As reported earlier this week, the Commission is going to offer financial sweeteners - including a fund worth tens of billions of euros for energy poverty - to help member states swallow the pill ft.com/content/c6285f…
Thoughts and prayers for the four commissioners who will have to endure this press conference sitting on swivly bar stools #fit455
Commission explains that the reason von der Leyen only has time to answer three question on measures designed to revolutionise the EU economy and its trading relationships for the next 30 years is "because this is a college readout"
With most industry attention on the ETS, the table most member states will be pouring over today is their new binding annual emissions targets. Poorer central and eastern countries will face much higher emissions goals to hit the 2030 target (h/t @andreasgraf)
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