On July 14 the European Commission unveiled its along awaited plan to cut EU’s carbon footprint known as “Fit-for-55”. The plan aims for the EU to become the world’s first mover on achieving net-zero emissions to limit global warming, with a strategy targeting all sectors of the economy.
IENE Partner and Chairman of the Institute’s Scientific Committee Professor Pantelis Capros, and his company, E3-Modelling, played a crucial part in quantifying the impact of the proposed measures. In a statement released by Prof. Pantelis Capros he notes, “We, in E3-Modelling, are more than proud to have contributed our modelling and policy analysis work to the preparation of the FitFor55 package. The package is meant to put the EU on track to meet its goal of cutting emissions by 55% by 2030 and turning climate neutral by 2050.
With our advanced modelling systems, PRIMES and GEM-E3, we helped prepare the impact assessments of 10 out of the 13 legislative proposals tabled today by the EC, by quantifying alternative scenarios and projections for all EU countries and for various assumptions.
E3M’s involvement covered the revision of the EU emission trading scheme (EU ETS) and Effort-Sharing Regulation (ESR), of the Renewable Energy (RED) and Energy Efficiency Directives (EED), of the Alternative Fuels Infrastructure Directive (AFID) as well as the amendment of the regulation setting CO2 emission standards for cars and vans. We also supported partially the revision of the Energy Taxation Directive.
On the new proposals, we helped craft the CBAM and the two legislative initiatives on ReFuelEU Aviation and FuelEU Maritime on greening Europe’s aviation and maritime space.” For more information, please visit: European Commission
IENE wishes to congratulate Prof. Pantelis Capros on this major achievement and looks forward to a presentation in one of its forthcoming events.
