EU signals end of fossil fuel era, as deadly floods sweep across Europe

Credit Dreamstime.

The EU’s ‘Fit for 55’ package announced on 14 July is the clearest policy-signal yet that the transition to net-zero is gathering steam. Aimed at transforming the European economy in pursuit of the EU’s ambitious climate goals, the package consists of a raft of legislative proposals designed to accelerate the decarbonisation of energy, land use and transport. It could mark the beginning of the end of the fossil fuel era for shipping.

The key catalyst, as had been widely anticipated, is ...