EU Reaches Compromise Deal on 2020 Auto Emissions Rule image

The EU reached a compromise deal regarding the stricter CO2 emissions rules for the EU vehicles beginning with 2020.

“It could have been even better for drivers, stomach jobs and the EU economy if decision-makers had focused on the significant long-term benefits of more fuel efficient cars instead of the narrow, short-term interests of some carmakers,” said Greg Archer of campaign group Transport & Environment.

The agreement which requires a target of 95 grams of CO2 per kilometer still has to be approved by the EU member states. Germany’s strategy to make sure that BMW and Daimler will be allowed to produce more polluting, only complicated and postponed the final stages of the talks. Ireland, which is the holder of the rotating EU presidency, said that the compromise deal represents the right balance between economic considerations and environmental ambition. The agreement requires each automaker to has an individual target to make less-polluting cars, which, unfortunately, means increased costs and a restriction on profit margins.

“This agreement clearly represents a win-win for climate, consumers, innovation and jobs and provides another important step towards a competitive, low-carbon economy,” Irish Environment Minister Phil Hogan said in a statement.

Source: Reuters