The emission of carbon dioxide (CO2) from new automobiles sold within the European Union will be prohibited beginning in 2035. That is the purpose of the meeting that EU members and members of the European Commission and European Parliament have on Thursday. The EU wants to limit the sale of gasoline and diesel vehicles as much as possible through the agreement and encourage the use of electric vehicles as much as possible.
New automobile CO2 emissions reductions will be phased in. New passenger cars must emit 55% less carbon dioxide starting in 2030 than they did in 2021.A comparative rate applies to new vans. New vans will not be allowed to run on fossil fuels after 2035. The agreement, according to Jan Huitema, who negotiated on behalf of the European Parliament, is “good news for motorists.” According to Reuters, Huitema stated, “New zero-emission cars are becoming more and more affordable, making them more affordable and accessible to everyone.”Reuters reports that European Commissioner Frans Timmermans considers the agreement to be a powerful signal for businesses and consumers. According to him, “Europe is embracing the shift to zero-emission mobility.”
According to the ‘World Energy Outlook 2022’ report released by the Paris-based International Energy Agency, global greenhouse emissions will peak in 2025 as the world undergoes a “profound reorientation” in terms of energy use (IEA). The energy crisis caused by the Ukraine war has accelerated efforts to transition to cleaner energy alternatives. “Not only for the time being, but for decades to come,” said IEA executive director Fatih Birol at the report’s public release.
“Even with today’s policy settings, the energy world is shifting dramatically before our eyes. Government responses around the world promise to make this a historic and definitive turning point towards a cleaner, more affordable and more secure energy system.”
Coal demand is expected to fall “within the next few years,” while natural gas demand will peak in 2030 and remain flat until 2050. High fossil fuel prices, on the other hand, will continue to benefit producers, according to the report. “Today’s high fossil fuel prices have provided producers with an unprecedented windfall. Net income for the world’s oil and gas producers is expected to double to an unprecedented $4 trillion in 2022.” New investors, particularly from developing countries, are needed to reverse the trend. Investment in clean energy is expected to reach $2 trillion by 2030. According to the report, this should be doubled.
It stated, “To get the world on track for a 1.5 °C stabilization in global average temperatures, it would need to double over the coming decade.”
