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 needs to win approval from the council of ministers before it takes effect, but it...
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