The European Union set out its ambition on how, by 2050, it will become the world’s first climate neutral continent in the European Green Deal in 2019. This ambition has been followed by a series of regulatory reforms, the most notable of which are the proposals in the European Commissions ‘Fit for 55’ package which aims to facilitate the EU meeting its interim target of 55 percent emissions reductions by 2030. On this episode, Richard Lin, Partner and Head of Compliance Carbon Market, KPMG China, Nicole De Jager, Senior Manager ESG Tax, KPMG in the Netherlands and Pilar Galan, Partner, KPMG in Spain to take a deep dive on this topic.