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1em is equal to the current font size. 2em means 2 times the size of the current font. E.g., if an element is displayed with a font of 12 pt, then '2em' is 24 pt. The 'em' is a very useful unit in CSS, since it can adapt automatically to the font that the reader uses.
An em is the width of the letter "m" (in your current font and size).