EU Lawmakers Set to Back 45 percent Cut Target for CO2 from Cars and Vans by 2030 

EU lawmakers are set to back a more ambitious carbon dioxide reduction target for fleets of cars and vans of 45 percent by 2030 on Monday, EU sources said on Friday.

“Transport is the only major sector in the union where greenhouse gas emissions are still rising … we are thus aiming for a 45 percent reduction in CO2 emissions by 2030.”

The EU’s new rules aim to help meet the bloc’s goal of reducing greenhouse gas emissions by at least 40 percent below 1990 levels by 2030. They will introduce a credit system for carmakers to encourage the rollout of electric vehicles and fines for exceeding CO2 limits.

A plenary session of parliament expected next month must still approve the assembly’s position in order to enter what will be tough talks with the bloc’s 28 governments on a final law, as nations with big automotive industries fear stricter rules could cost growth and jobs. Reuters