In a letter to European Commission president Jean-Claude Juncker, 19 global brands, logistics companies and green organisations, including IKEA, Nestlé, Philips, DB Schenker, Deutsche Post DHL and T&E, have said that fuel efficiency standards for heavy-goods vehicles in Europe would save billions for businesses, lead to cheaper goods, protect the environment and boost energy independence.
The letter calls on the European Commission to make a proposal to introduce standards within the next two years. The letter states that simply monitoring truck CO2 emissions would not be sufficient to kick start the market for ultra-fuel efficient trucks in Europe.
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.
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