To help fight climate change, the EU has set ambitious targets to reduce its greenhouse gas emissions. The EU wants to reach climate neutrality by 2050 and this target, along with an interim target of 55% emission reduction by 2030, are set in the European Climate Law. The EU has launched various initiatives to reach these targets. One of them is the Effort Sharing Regulation, which is being updated as part of the Fit for 55 legislative package. (Source: European Parliament)