European Parliament Approves 40 Percent Cut in CO2 Emissions from Cars, Vans

European lawmakers have approved a plan to cut carbon dioxide emissions from cars and vans by 40 percent by 2030, Reuters reported.  Members of the European Parliament voted 389 to 239 in favor of the new target, which also sets a 20 percent reduction goal for 2025.

Transportation is Europe’s only sector in which emissions are still rising.  In addition to adopting more fuel-efficient technologies, the plan, passed Wednesday, would also allow carmakers to reach CO2 targets by selling a certain number of zero- and low-emissions vehicles.  Companies will be fined for exceeding the CO2 limits.

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