The new CO2 emissions standards set to come into effect in 2020 across Europe don't make everyone happy. Germany is doing its darnedest to block E.U. members from passing the bill.
Earlier this week, Chancellor Angela Merkel urged the current president of the European Council, Irish Prime Minister Enda Kenny, to remove the issue from the agenda of today's meeting -- which he did, angering countries like France, Italy and Denmark in the process.
The agreement calls for automakers to reduce their fleet-wide CO2 emissions from 130 grams to 95 grams per kilometre by 2020.
Super credits, allocated to those who build highly efficient vehicles such as hybrids and EVs, have been implemented in an effort to accommodate reluctant members like Germany. But the country, which has a number of luxury automakers that produce a fair share of gas guzzlers, still does not want any part of it.
If Germany has its way, the consequences could be felt globally as other manufacturers might want to reject the new standards, not only in Europe, but also in North America.
Source: Financial Times
Earlier this week, Chancellor Angela Merkel urged the current president of the European Council, Irish Prime Minister Enda Kenny, to remove the issue from the agenda of today's meeting -- which he did, angering countries like France, Italy and Denmark in the process.
The agreement calls for automakers to reduce their fleet-wide CO2 emissions from 130 grams to 95 grams per kilometre by 2020.
Super credits, allocated to those who build highly efficient vehicles such as hybrids and EVs, have been implemented in an effort to accommodate reluctant members like Germany. But the country, which has a number of luxury automakers that produce a fair share of gas guzzlers, still does not want any part of it.
If Germany has its way, the consequences could be felt globally as other manufacturers might want to reject the new standards, not only in Europe, but also in North America.
Source: Financial Times