E.U. To Bolster Emission Regs?

The European Union is threatening to impose new emissions rules on auto companies. They want the automakers to work harder to reduce green house gas emissions. The GLRC’s Dustin Dwyer has the story:

Transcript

The European Union is threatening to impose new emissions rules on auto companies.
They want the automakers to work harder to reduce green house gas emissions. The
GLRC’s Dustin Dwyer has the story:


The EU says automakers in Europe already cut carbon dioxide emissions about 12
percent between 1995 and 2004, but the union’s Commissioner for Enterprise and
Industry, Gunter Verheugen, says 12 percent is not enough.


The goal is to reach 25 percent reduction no later than 2009. That’s part of the European
Union’s obligations under the Kyoto Protocol.


So far, emissions reductions have been voluntary, but Verheugen says the cuts could
become mandatory if progress doesn’t speed up. That means carmakers will have to make
3 percent cut in CO2 emissions each year between now and 2009. In recent years, the
reductions were only about 1 percent per year.


If the increased reductions become mandatory, it would also have an impact on vehicles
that are built in the U.S., but sold in Europe.


For the GLRC, I’m Dustin Dwyer.

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