EU Advances Plan To Cap Car Carbon Emissions

Law360, New York (June 26, 2013, 6:35 PM EDT) -- The European Union on Monday moved forward with a plan to cut carbon emissions from new cars by 40 percent before the end of the decade, providing each vehiclemaker with a target for its fleet and establishing pollution credits for low-emissions vehicles.

The European Parliament and EU governments agreed to set the 2020 standard for new cars at 95 grams of carbon dioxide per kilometer, down from the mandatory 2015 target of 130 g/km. Vehiclemakers will be allowed to have some cars exceed the standard without...
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