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Indiaexportnews.com

Member states reach deal

  21.11.2008    

The four largest car making nations have reached an agreement on cutting greenhouse gas emissions from cars, reports the Guardian.
Italy has joined a deal between Britain, France and Germany, who have agreed to the EU's proposed targets of cutting CO2 from cars by an average of 18 per cent to 130 grams per km by 2012.
The countries also managed to achieve a common position concerning the controversial area of fines for manufacturers who fail to meet these targets, setting out a maximum fine of €15 per gram for cars exceeding the limit by less than three grams, rising to €95 per gram for cars that far exceed the limits.



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