IIGCC response to Commission consultation on CO2 emissions for cars and vans
As highlighted in the European Green Deal, transport is the only sector whose greenhouse gas emissions are higher than in 1990 and where emissions are growing. To contribute to the overall climate neutrality objective for 2050, greenhouse gas emissions of the transport sector need to be reduced by 90% by 2050 compared to 1990. Transport also has to contribute to the overall emission reduction of at least 55% by 2030 as set out in the Commission Communication on stepping up the EU’s 2030 climate ambition.
CO2 standards drive innovations in low and zero emission automotive technologies, which are of key importance for Europe’s future industrial leadership. They make more low and zero emission vehicles and models available to consumers, which could have a positive impact on the price for such vehicles. Therefore, the Commission is working to revise the CO2 standards for cars and vans set out in Regulation (EU) 2019/631, together with other relevant legislative measures to deliver on the increased climate ambition.
To inform the revision of the CO2 emission standards for cars and vans, the European Commission invited stakeholder views via consultation, ahead of a legislative proposal expected for June 2021. See more info on the consultation process here.
Call for participation: Climate metrics and data
Investor practices programme
Building Resilience to a Changing Climate: Investor Expectations of Companies on Physical Risks and Opportunities