A leading economist is warning that if the world does not take the action required by the Paris climate agreement, it will have to make a dangerously sudden adjustment 10-15 years from now which will have massive costs.
Even a modest rise in temperatures could put at risk 1.8% of the world’s financial assets if the global economy does not move away from carbon-emitting infrastructure, according to a new study from the London School of Economics (LSE). Another body that monitors the impact of climate change on the global economy says the model used to arrive at this figure has been too generous and the situation could be much worse.
A controversy is growing in Germany about future funding mechanisms for building and maintaining roads. The federal government and the 16 state governments are looking at new financing options involving the private sector, but T&E’s member VCD has criticised the direction in which the discussions are going, saying they take no account of the need to fight climate change and changing transport trends.
Tesla has fired the starting gun in the race to build the ‘second generation’ of electric vehicles by unveiling its Model 3, a small luxury sedan with a range of around 350km and, at $35,000 US selling price, half the price tag of its earlier models. The Model 3 is expected to go into production late in 2017.
The phenomenon of indirect land-use change (ILUC) is an even bigger cause of emissions from regular biofuels than first feared. That’s the dramatic finding of a study for the European Commission that was published last month after much delay.
Newly-built ships covered by the design fuel efficiency standard have much the same efficiency performance as those not covered, according to a new independent study. This is because the current targets are too weak, say T&E.
The very first tests of cars’ ‘real-world’ CO2 emissions have revealed gaps between official and actual emissions of 36-56% – very similar to those of other on-road fuel efficiency databases. Three models were tested by PSA Peugeot Citroën, under a protocol devised with T&E, on public roads near Paris with passengers, luggage loads, use of air conditioning and other real-life driving conditions.