EU Parliament Passes Vehicle Emissions Compromise

Law360, New York (February 25, 2014, 4:42 PM EST) -- European Union lawmakers on Tuesday passed tough carbon emissions standards for vehicles, striking a deal that cuts the average emissions from new cars by 40 percent by 2020 while maintaining some flexibility for the auto industry.

The European Parliament approved a proposal strengthening current limits of 160 grams of carbon dioxide per kilometer to 95 g/km for 95 percent of new vehicles in 2020. Manufacturers can average the target across the entire fleet, allowing lower-emitting cars to compensate for those above the limit.

The agreement still...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.