EU ‘Fit for 55’ agreement: impacts for many businesses EU ‘Fit for 55’ agreement: impacts for many businesses

The European Commission and the European Parliament have reached a new agreement to supplement the ‘Fit for 55’ objectives. Specifically, this agreement extends the system of emission allowances, which companies must purchase for their production, to new business sectors. From 2027 these carbon credits will also apply to the maritime sector, as well as all businesses (and individuals) that use buildings and fuel.

Source Baker Tilly