Carmakers to get carbon credits for ‘eco-innovation’

Author (Corporate)
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Series Details 26.7.11
Publication Date 26/07/2011
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The automotive industry will have a greater incentive to invest in new technologies that reduce CO2 emissions from new cars, under legislation adopted by the European Commission on the 25 July 2011.

The Regulation would enable motor manufacturers to receive CO2 emission credits if they fit new cars with approved 'eco-innovations' which reduce emissions. The credits would help the industry meet the European target of limiting CO2 emissions from new cars.

Source Link Link to Main Source http://www.euractiv.com/en/climate-environment/carmakers-get-carbon-credits-eco-innovation-news-506760
Related Links
European Commission: RAPID: MEMO/11/539: Climate Action: Reducing CO2 emissions from cars through eco-innovation http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/11/539&format=PDF&aged=0&language=EN&guiLanguage=en
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