Only two EU member states are on track to meet climate goals set out under ‘Fit for 55’ (Ff55), according to research published by Scope Ratings. While Greece and Portugal are aligned with the Ff55 raft of decarbonisation measures, 18 countries’ plans are “insufficiently ambitious to meet EU targets”, the report said. Nine member states will still be able to meet all the targets if they implement all planned measures, while 16 will still miss these targets even if they implement additional measures. “On average, the gap between projected emission cuts and the Ff55 targets is substantial at 17.9% of 2005 emissions under current policies and 8.2% with planned policies,” the report added. The Ff55 package includes higher targets for the Emissions Trading System (ETS) and the Effort Sharing Regulation (ESR), to ensure a reduction in EU emissions by at least 55% by 2030 compared to 1990 levels, compared to the EU’s previous 40% target. Scope said: “EU instruments should support green policies in member states. Setting more ambitious parameters in the ETS and ESR as well as addressing lingering imperfections that disincentivise forceful and timely climate action is critical.”
