A study of major car manufacturers' progress in cutting CO2 emissions in the year 2007.
This report is the third T&E has published on the progress Europe’s major car manufacturers have made in reducing CO2 emissions and fuel consumption of new cars. The first report was published in October 2006, followed by a second in November 20072.
This latest report comes at a critical time. Europeans are paying record prices for petrol and diesel, post-Kyoto climate targets are under discussion, and there are increased concerns about Europe’s dependence on imported oil and gas.
Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.