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European Parliament Reaches Accord on CO2 Cap
The European Parliament has agreed how to implement a rule that would limit carbon dioxide emissions from new cars to 95 g/km in 2020.
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The European Parliament has agreed how to implement a rule that would limit carbon dioxide emissions from new cars to 95 g/km in 2020.
Under the plan, carmakers must achieve compliance for 95% of their vehicles in 2020 and reach 100% compliance in 2021. They also may apply "super credits" earned by their cleanest vehicles in 2020 through 2022 to achieve the target.
The measure, approved 499 to 107, is a compromise that addresses complaints by Germany that the original plan would have been an unfair burden on the country's luxury car makers.
Carmakers currently are expected to lower CO2 emissions to 130 g/km by 2015 and have a nonbinding target of 95 g/km by 2020. The EC has been working since mid-2012 to require the latter goal.
The Parliament also finalized the math involved with super credits. Manufacturers may count passenger vehicles that emit less than 50 g/km as two cars in 2020, 1.67 cars in 2021 and 1.33 cars in 2022. They cannot accumulate super credits in 2016-2020, and credits cannot total more than 7.5 g/km between 2020 and 2022.
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