EU LAUNCHES CO2 FUEL STANDARDS PROPOSALS
January 1st, 2007
BY KEITH NUTHALLBoth sides in the dispute have however created themselves a little more wriggle room in which to find a compromise by yesterday (31-1) releasing proposed new CO2 emission standards for the oil industry. The Commission has formally proposed formal obligations for fuel suppliers to reduce the greenhouse gas emissions their fuels generate when they are refined, transported and used in the EU. From 2011, suppliers will have to reduce emissions per unit of energy by 1% a year from 2010 levels. This will result in a 10% cut by 2020. Announcing the ...
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