Announced on July 14, 2021, "Fit for 55" is the European Commission’s ambitious plan to put the decarbonization strategy into practice and set the EU on course to slash greenhouse gas emissions by 55% by 2030. The directive maintains that a policy targeting higher energy efficiency and a switch from fossil-based heat supply to renewable sources is imperative. FuelEU is a draft Regulation, part of the EU’s "Fit for 55" package, which aims to incentivize the use of renewable and low-carbon fuels on ships to reduce greenhouse gas (GHG) emissions (CO2, CH4 and N2O).
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