To keep global warming to 1.5 degrees Celsius above pre-industrial levels the world needs to cut annual energy-related carbon dioxide emissions from 34 billion tonnes to zero by 2050,
to the International Energy Agency. The global fleet of passenger cars belches out about 3 billion tonnes annually. To get rid of that, the IEA says no new internal combustion engines should be sold from 2035.the cut-off should happen from “leading markets” by 2035 and globally by 2040. Had it passed, it could have been an equally cheery counterpoint to last week’s Glasgow Financial Alliance for Net Zero. That saw Western banks pledge to restrict warming to 1.
The snub from VW and peers delivers a reality check. The group led by Herbert Diess is already a true electric-vehicle believer. It has invested more than any other large carmaker in EV technology and will – according to UBS – surpass Tesla for the number of battery vehicles sold by 2025. It’s also already promised to stop selling combustion engines in Europe by 2035. Yet carmakers’ propensity to go green depends on their individual competitive positions, and how aggressively governments have developed charging infrastructure or incentivised EV sales.
In that respect, it probably doesn’t help that China, a key VW market, has only committed to net zero by 2060 and didn’t support the COP pledge. U.S. manufacturers Ford Motor
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