EU Mulls Proposal to Spare Carmakers Hefty Emissions Fines
- EPP’s Liese says EU could offer flexibility on carbon credits
- EU car industry sounded alarm over risk of costly penalties
Exhaust fumes.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
The European Union’s executive arm may propose a solution in March to spare carmakers emissions fines while sticking to its ambitious green transport goals, according to a senior lawmaker from the region’s biggest political group.
The European Commission is in talks with the automotive industry to address the challenges it faces and is set to come up with an action plan next month. That may include a legislative change to allow for banking and borrowing emission credits to enable carmakers more flexibility in meeting pollution norms, said Peter Liese, lead lawmaker for environmental issues for the European People’s Party in the European Parliament.