EU presses carmakers to accelerate emissions cuts
The latest figures „are to a certain extent worrying,” Kreuzhuber said. „The efforts which have been made so far are not satisfactory.” The commission is reviewing ways of curbing carbon-dioxide emissions from cars and plans to publish a report for lawmakers on possible measures by the end of the year. The EU also relies on fuel-efficient car labeling and tax breaks to cut auto emissions of carbon dioxide. A European auto-industry group called for more fiscal incentives. „There is now a need to link the taxation of cars and of alternative fuels more vigorously to carbon-dioxide emissions,” Ivan Hodac, secretary general of the European Automobile Manufacturers Association in Brussels, said in a statement. „This will be an effective strategy.” The EU is aiming to reduce greenhouse-gas emissions by 8% in 2008-2012 compared with 1990 under the global Kyoto Protocol. As part of that goal, the 25-nation bloc plans to extend to airlines a system of caps on factory and power-plant emissions and says carmakers should aim to cut carbon-dioxide releases to 120 grams a kilometer in 2012. (Bloomberg)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.