Index Investing News
Saturday, March 14, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

EU approves ban on new combustion-engine cars from 2035

by Index Investing News
October 28, 2022
in World
Reading Time: 2 mins read
A A
0
Home World
Share on FacebookShare on Twitter


BRUSSELS — European Union lawmakers and member countries reached a deal to ban the sale of new gasoline and diesel cars and vans by 2035.

The deal EU negotiators sealed Thursday night is the first agreement of the bloc’s “Fit for 55″ package, which the bloc’s executive commission set up to achieve the goal of cutting greenhouse gas emissions by 55% over this decade.

Under the deal, carmakers will be required to reduce the emissions of new cars sold by 55% in 2030, compared to 2021, before reaching a 100% cut five years later. The European Parliament and member states must formally approve the agreement before it comes into force.

The European Parliament said the deal is a signal ahead of the U.N’s annual climate change conference “that the EU is serious about adopting concrete laws to reach the more ambitious targets set out in the EU Climate Law.”

According to EU data, transportation is the only sector in which greenhouse gas emissions have increased in the past three decades, rising 33.5% between 1990 and 2019. Passenger cars are a major polluter, accounting for 61% of total CO2 emissions from road transport.

The EU wants to drastically reduce emissions from transportation by 2050 and promote electric vehicles, but a report from the bloc’s external auditor showed last year that the region lacks the appropriate charging stations.

The EU Parliament said Friday that funding should be directed to help small- and medium-sized businesses that are part of the automotive supply chain, as well as vulnerable regions and communities, weather the transition to ending sales of cars that run on gas and diesel.

World leaders agreed in Paris in 2015 to work to keep global temperatures from increasing more than 2 degrees Celsius (3.6 degrees Fahrenheit), and ideally no more than 1.5 degrees C (2.7 F) by the end of the century. Scientists have said even the less ambitious goal will be missed by a wide margin unless drastic steps are taken to reduce emissions.

“This is a historic decision, as it sets for the first time a clear decarbonization pathway — with targets in 2025, 2030 and 2035 and aligned with our goal of climate neutrality by 2050,” Pascal Canfin, the chair of the environment committee of the European Parliament, said. “This sector, which accounts for 16% of European emissions at the moment, will be carbon-neutral by 2050.“

Greenpeace said the 2035 deadline is too late to limit global warming to below 1.5 degrees Celsius (2.7 degrees Fahrenheit).

“The EU is taking the scenic route, and that route ends in disaster,” Greenpeace EU campaigner Lorelei Limousin said. “A European 2035 phase-out of fossil fuel-burning cars is not quick enough: New cars with internal combustion engines should be banned by 2028 at the latest.”

Limousin called the deal announcement “a perfect example of where politicians can bask in a feel-good headline that masks the reality of their repeated failures to act on climate.”

———

Follow AP’s coverage of the climate and environment at https://apnews.com/hub/climate-and-environment



Source link

Tags: ApprovesBancarscombustionengine
ShareTweetShareShare
Previous Post

Mint Explainer: How ‘dirty bomb’ has conjured up nuclear fears

Next Post

LAFC vs Austin FC – MLS Cup Playoffs: How to watch on TV & live stream

Related Posts

Three Potential Succession Scenarios for Russia’s Modern Tsar – The Cipher Brief

Three Potential Succession Scenarios for Russia’s Modern Tsar – The Cipher Brief

by Index Investing News
March 12, 2026
0

The short answer is that a popular uprising in Russia is still highly unlikely. The FSB and other Russian security...

Lebanon ‘dragged back into turmoil’, UN envoy warns — Global Issues

Lebanon ‘dragged back into turmoil’, UN envoy warns — Global Issues

by Index Investing News
March 8, 2026
0

Just a week ago, Lebanon had been “in relatively good shape”, Jeanine Hennis‑Plasschaert, the UN Special Coordinator for Lebanon, said...

U.S. Navy submarine destroys Iranian warship

U.S. Navy submarine destroys Iranian warship

by Index Investing News
March 4, 2026
0

Key PointsThe United States Navy sank the Iranian frigate IRIS Dana with a submarine-launched torpedo in the Indian Ocean near...

Inside Israel’s ‘normal’: Triumphalism and calm mix after attack on Iran | Israel-Iran conflict News

Inside Israel’s ‘normal’: Triumphalism and calm mix after attack on Iran | Israel-Iran conflict News

by Index Investing News
February 28, 2026
0

Listen to this article | 4 minsinfoCommentators within Israel have described a sense of business as usual in the wake of the...

Potential ‘holy grail’ nasal spray that may protect against COVID-19, flu and pneumonia aims for human trials

Potential ‘holy grail’ nasal spray that may protect against COVID-19, flu and pneumonia aims for human trials

by Index Investing News
February 24, 2026
0

The tool may be the next step in the once-mythical idea of a universal vaccine, researchers said. STANFORD, Calif. —...

Next Post
LAFC vs Austin FC – MLS Cup Playoffs: How to watch on TV & live stream

LAFC vs Austin FC - MLS Cup Playoffs: How to watch on TV & live stream

Joe Biden just signed the Kigali Amendment, a treaty that phases out HFCs

Joe Biden just signed the Kigali Amendment, a treaty that phases out HFCs

RECOMMENDED

Customs division brings simplified regulatory framework for e-commerce jewelry exports by way of courier

Customs division brings simplified regulatory framework for e-commerce jewelry exports by way of courier

July 14, 2022
Sustainability is good for business as well as the planet

Sustainability is good for business as well as the planet

October 20, 2022
Report: Eagles eyeing Panthers DE Brian Burns

Report: Eagles eyeing Panthers DE Brian Burns

October 23, 2022
Discount store traffic on the rise as consumers tighten belts (NASDAQ:FIVE)

Discount store traffic on the rise as consumers tighten belts (NASDAQ:FIVE)

January 15, 2023
MiB: Ben Hunt, co-founder Perscient

MiB: Ben Hunt, co-founder Perscient

January 11, 2026
Bullish Pattern Sets Ethereum Price To Pierce 80 Barrier

Bullish Pattern Sets Ethereum Price To Pierce $1780 Barrier

October 30, 2022
New Enterprise Formations – The Massive Image

New Enterprise Formations – The Massive Image

June 8, 2022
Storm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To .3k

Storm Brews For Bitcoin Miners As Cost Of Mining 1 BTC Surges To $19.3k

October 25, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In