Neste Supports EU’s Fit for 55 package

Neste welcomes the EU’s continuing commitment to long-term policies and the ambition to become climate neutral by 2050. As a next step, the legislative proposals will be discussed by the Council of the European Union and the European Parliament.

“As a whole, the Fit for 55 package seems to provide the tools to combat the climate crisis during this decade by raising the ambition level of emission cuts across different sectors of the economy. It will support the growth of renewable fuels markets in both road and aviation segments.

The Commission’s proposal to establish an EU-wide obligation to supply a growing minimum share of Sustainable Aviation Fuels as of 2025 will create a large market and progressively cut down emissions from flying. The package also supports Neste’s climate commitments, including to reach carbon neutral production by 2035. Now that the Commision proposals will enter the legislative process, it will be important to further raise the level of ambition and keep the focus on emission cuts by various solutions, not only by specific technologies,” says Ilkka Räsänen, Vice President, Public Affairs at Neste.

All solutions are needed to reduce emissions

Neste firmly believes that all solutions are needed in order to reduce greenhouse gas emissions across the societies. On European roads, the number of electric cars is growing at a rapid pace, which is a logical and welcome development as the power generation sector is embracing emission free technologies. However, achieving the ambitious climate targets requires both electric vehicles (EVs) and renewable transport fuels, as internal combustion engine vehicles will keep playing a key role for a long time, particularly in heavy-duty vehicles.

Information Source: Read Full Release ..–>