Earlier today European carmakers have agreed to a plan to cut global-warming gases from new vehicles by 18 percent within the next six years. Carbon dioxide emissions from new cars are to be cut to 130 grams per km (.6 mile).
Emissions will have to be cut around 40 percent to 95 grams per km by 2020. To reach that goal a set of fines have been set in place. 95 euros ($119.80) per gram per car sold for automakers that miss their target by a long way, but those that overshoot by less than three grams face modest sanctions of between 5 and 25 euros.
I think it's great that even when the EU had an opprotunity given today's economic climate to push climate change to the backburner they haven't, except Germany who in fighting for BMW and Mercedes will allow them now to be able to continue production of their biggest, luxury gas-guzzlers until 2014, this is to protect jobs and export earnings.
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