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7 EU Members Push for Tougher CO2 Limits by 2030
Seven members of the European Union are calling for a law that would cut carbon dioxide emissions from new cars 40% by 2030 compared with a 1990 baseline, Reuters reports.
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Seven members of the European Union are calling for a law that would cut carbon dioxide emissions from new cars 40% by 2030 compared with a 1990 baseline, Reuters reports.
The countries are Austria, Belgium, Ireland, Luxembourg, the Netherlands, Portugal and Slovenia.
The news service says the European Commission intends to present a proposal on Nov. 8 that would set a target reduction of 25%-35%. That limit would push carmakers into adding zero-emission cars to their fleets. Manufacturers would be able to reach their individual goals by buying CO2 credits from producers that surpass the standard.
The seven countries argue that a tougher limit is necessary to help the EU meet its goal of lowering the region’s emission of greenhouse gases at least 40% by 2030. Carmakers worry that overly ambitious goals will raise car prices enough to lower demand and result in job losses.
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