T&E has just published its car decarbonisation roadmap. It shows that the EU’s car CO2 standards, including the phase-out of combustion car sales in 2035, is the single most important emission reduction measure. But if the EU is to hit its newly proposed 2040 climate target - a 90% COâ‚‚ reduction across the European economy by 2040 - it will need to deal with a significant amount of ICE (internal combustion engine) cars already on the road. … [Read more...]
France plans the social leasing of EVs at €100/month. Can it jump start affordable electric cars?
Social leasing of EVs could become the breakthrough example of climate action done right, explains William Todts at T&E. And France’s president Macron has promised to do it, aimed at low-income households to counter criticism that even with subsidies EVs are still out of reach for many. Todts quotes T&E analysis that shows that between 2024 and 2030 around 900,000 low-income households could benefit from monthly leasing costs of €70 to … [Read more...]
Russia-Ukraine: Support for U.S. Oil & Gas producers must tie them to low-emissions investments
Like many countries, the U.S. is set to raise oil and gas production to compensate for cuts in Russian imports consequent to the war in Ukraine. The danger is that short-term solutions to sky rocketing fossil fuel prices will take precedence over climate targets. But Ben Cahill at CSIS explains how this is an opportunity for the Biden administration to give support to fossil energy producers with one hand and extract solid commitments on … [Read more...]