Carmakers are discovering there are limits when it comes to influencing European Union climate policy. The European Parliament ignored industry warnings by voting for CO2 cuts of 20 percent in 2025 and 40 percent in 2030.
The EU wants to send a strong message regarding climate change amid public outrage over Volkswagen AG’s cheating on tests. “Politically in the EU the stance is hardening toward the need for action on climate protection,” said Raphael Danglade, program executive for energy and climate at the Friends of Europe think tank in Brussels.
Read the article at Bloomberg.