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Reducing carbon emissions is high on the agenda of governments across the globe. The introduction of carbon taxes, levies and caps will have a major effect on the cost of all goods and services since greenhouse gasses are emitted in all value chains.
The Fit for 55 Package, presented by the European Commission on 14 July 2021, aims to reduce domestic net greenhouse gas emissions by at least 55 percent by 2030. The package introduces three main carbon pricing instruments: the EU emission trading system (EU ETS), the carbon border adjustment mechanism (CBAM) and the energy taxation directive (ETD). This should also enable Europe to become the world's first climate-neutral continent by 2050.
This second ESG animation outlines the potential impact and sketches some possible solutions for an overall business strategy fit for the low carbon economy of the future. So do watch our follow-up ESG animation on carbon pricing and feel free to contact us to discuss your approach.
What does the energy transition, the 'Fit for 55 package' and increased carbon pricing mean for your organisation? In this animation, we explain it to you. More animations will follow in the coming weeks, with deep dives into hydrogen, mobility and more. Are you ready for the next step? Let's talk!
For more information on the Fit for 55 package, please visit Fit for 55: EU bets on energy savings and greener buildings to meet climate target.
For more information on the energy transition tax angles and our services, please visit Managing tax and energy transition.
Energy - Utilities - Resources Industry, Tax, Partner, PwC Netherlands
Tel: +31 (0)65 154 18 97
Partner, Energy transition and sustainable energy, PwC Netherlands
Tel: +31 (0)65 160 08 61
Director (Tax) - Energy, Utilities & Resources, PwC Netherlands
Tel: +31 (0)63 419 61 08
Manager - Tax, Sustainability and Incentives, PwC Netherlands
Tel: +31 (0)62 380 36 54
Manager Indirect Taxes, PwC Netherlands
Tel: +31 (0)61 029 42 75