EU Slapping Cargo Vans With Carbon Tax
European companies using cargo vans in their operations could face higher costs after the European Union sets caps on carbon emissions for vans sold in the EU after 2013.
Automakers not complying with the caps would face fines, reports Reuters.
Automakers could face fines of $175 per vehicle for not meeting the new targets, which will be unveiled in October and are expected to largely mirror emissions caps previously announced for the general auto industry. That proposal faced stiff industry resistence, and a compromise agreement eventually was reached.
Under the plan, commercial vehicles smaller than 2.6 tons would have emissions capped at 175 grams starting in July of 2013 and 135 grams by 2020.
However, it appears that automakers are looking to weaken both the short-term and long-term targets, Reuters reports.
Energy Manager News
- Utilities Reaching Out Through Analytics
- Waste-to-Fuel Technology in the U.K.
- Singapore to Look at Placing Datacenters in Hot, Humid Environments
- Dynegy Files to Move Illinois Into ‘Single, Competitive Power Market’
- IRRC Jettisons Pennsylvania PUC’s Controversial Cap on Net Metering
- Energy Storage: It’s About the Software
- MIT Develops Promising New Battery Storage Technology
- India Launches Net-Zero Building Portal