Word: co2
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...they fail to meet their emission targets. The proposals could slap annual penalties worth billions of euros on carmakers if they miss targets. The measures are the latest weapon to force them to slash new vehicle emissions from the current level of about 158 grams of carbon dioxide (CO2) per kilometer to 120g/km by 2012. Penalties will start in 2012 at €20 euros ($28.80) per gram of CO2 over the target, and will grow...
...Passenger cars account for about 12% of overall E.U. carbon dioxide emissions and emissions from transport are continually increasing," said E.U. Environment Commissioner Stavros Dimas. "The aim of the legislation is to reduce CO2 emissions from cars in order to help fight climate change...
...this leaves the industry too little time to apply by 2012; the cars of 2012 will be on the drawing table tomorrow." The group also points to studies, including the Stern report, which suggest that vehicle technology is one of the least cost-effective ways of bringing down CO2 emissions from transport...
...says transport is the worst-performing sector under the Kyoto Protocol, and transport CO2 emissions in the E.U. grew by 32% between 1990 and 2005 while other sectors reduced their emissions by 9.5% on average over the same period. The group also believes some carmakers are making progress: Fiat has already met a target voluntarily adopted by the industry, to bring emissions down to 140g/km by 2008. Citroen and Europe's second largest carmaker, Renault, are on track to meet this target and Ford and Peugeot are not far off either...
...Amazon - where 17 square miles are cut down each day - has long been considered all but impossible. There are also concerns about "leakage," the possibility that if one paid for a project to save trees in one area, logging would simply move to another, unprotected forest - and the saved CO2 would leak. But new space imaging, much of it done by the Japanese Land Observing Satellite (ALOS), can collect precise data on the rate and type of deforestation, even through clouds - pretty important, given that the Amazon alone recycles trillions of tons of moisture every year. And leakage...