| Author (Corporate) | European Commission: Press and Communication Service |
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| Series Title | Press Release |
| Series Details | IP/04/195 (12.2.04) |
| Publication Date | 12/02/2004 |
| Content Type | News |
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The 4th Annual Report on CO2 Emissions from New Cars reports that CO2 emissions from new passenger cars sold in the EU decreased by 10.8% between 1995 and 2002, demonstrating that the car industry has made progress in meeting its commitments from the voluntary agreements with the Commission to produce cars that emit less CO2. The EU's goal is to reach a 35% reduction by 2010 at the latest. While European and Japanese carmakers are on track in meeting their commitments, the Korean car industry is still somewhat lagging behind. Road transport generates more than one fifth of all CO2 emissions in the EU, with passenger cars being responsible for more than half of these emissions. As CO2 emissions are the main contributor to climate change, it is of major importance that the car industries stick to the target and keep reducing emissions. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/195&format=HTML&rapid=0&language=EN&guiLanguage=en&display= |
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| Subject Categories | Business and Industry, Environment, Mobility and Transport |
| Countries / Regions | Europe |