In accordance with the climate goals outlined in the Paris Agreement, the European Union has an ambitious goal. This is transforming Europe into the world’s first carbon-neutral continent by the year 2050.
On the 12th of December 2019, the European Council in conjunction with the European Commission formed The European Green Deal. EGD is the central plan of the European Union (EU) to combat climate change and attain climate neutrality.
The Commission suggested an initial set of goals to be accomplished by the year 2030 as a first step in the process. EC approved “Fit for 55” on July 14, 2021. “Fit for 55” is a collection of policy measures that are preparing the implementation of the EGD.
THE GOAL IS A 55% CUT
Fit for 55 has the goal of cutting emissions of greenhouse gases (GHG) by at least 55 percent by the year 2030.
EGD is a general action plan to ultimately combat climate change. Fit for 55 package obviously provides the preparation road to reach the aims of the EGD. However, the EGD represents a general action plan.
More precisely, Fit for 55 focuses ultimately on certain issues that require special attention. Also, Fit for 55 requires a robust shift toward environmentally friendly practices in order to reach climate neutrality.
Specifically, the goal of this package is to cut greenhouse gas emissions by 55 percent by the year 2030. (compared to 1990 levels).
THE KEY GOALS OF THE PACKAGE ARE AS FOLLOWS:
• To guarantee environmental integrity and also to address issues of solidarity.
• Simultaneously, to tighten and enhance the European Union Emissions Trading System (EU ETS), which will ultimately help to ensure effort sharing with applicable targets.
• Additional measures will specifically assist secure the implementation of carbon prices.
• The goal of all funds generated from carbon pricing is therefore to positively affect end consumers.
WE COMBAT CLIMATE CHANGE.
Climate change is a serious threat to our way of life. KFactory is fully committed to working toward a more sustainable future.
To accomplish this, we created the Green Virtual Engineer. GVE can monitor greenhouse gas emissions directly from the source and learn how to reduce them in each specific context using machine learning.
In this way, we provide a precise and clear solution for industrial enterprises to reduce emissions and comply with new regulations.
You can read more Information regarding the European Green Deal here: https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green-deal_en