Analysis of fleet-average CO2 emissions reductions made by major car producers in 2006, based on official EU sales data.
The European Union is committed under the Kyoto Protocol to reduce greenhouse gas emissions by 8 per cent by 2008-2012 compared to the 1990 level. In March 2007 EU leaders committed to a 20-30% reduction in greenhouse gas emissions overall by 2020.
Transport is the worst performing sector under ‘Kyoto’ and seriously jeopardises the achievement of the targets. Transport CO2 emissions in the EU grew by 32% between 1990 and 2005. Other sectors reduced their emissions by 9.5% on average over the same period. The share of transport in CO2 emissions was 21% in 1990, but by 2005 this had grown to 27%. Emissions from so-called ‘light duty vehicles’ (passenger cars and vans) are responsible for approximately half of this.
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.