MNI: China CFETS Yuan Index Down 0.13% In Week of Dec 27

MNI: PBOC Net Drains CNY20.5 Bln via OMO Mon

MNI: PBOC Sets Yuan Parity Lower At 7.1889 Mon; -2.13% Y/Y

MNI China Daily Summary: Friday, December 27

MNI: PBOC Net Injects CNY6.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1893 Fri; -2.12% Y/Y

MNI: SPAIN DEC FLASH HICP +0.4% M/M, +2.8% Y/Y

MNI: SWISS KOF DEC ECONOMIC BAROMETER 99.5

US EIA:NAT GAS STORAGE -93 BCF TO 3,529 BCF DEC 27 WK

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMISSIONS: Scholz, Habeck Propose Suspension of EU Carbon Fines for Automakers

EMISSIONS
BulletPower BulletsEnergy BulletsCommodities

German Chancellor Olaf Scholz proposed that car companies in the European Union should not face fines for failing to meet carbon emission limits, Scholz said, cited by Reuters.

  • Additionally, Economy Minister Robert Habeck proposed temporarily suspending fines due in 2025 if carmakers could compensate by exceeding CO2 targets in 2026-27.
  • Habeck noted that this approach would maintain fleet limits while offering companies flexibility and incentives to advance climate protection without incurring significant fines.
  • EU regulations require average emissions from newly registered cars to be 15% lower in 2025 compared to 2021 levels, but a decline in electric vehicle sales has made meeting this goal more challenging.
103 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

German Chancellor Olaf Scholz proposed that car companies in the European Union should not face fines for failing to meet carbon emission limits, Scholz said, cited by Reuters.

  • Additionally, Economy Minister Robert Habeck proposed temporarily suspending fines due in 2025 if carmakers could compensate by exceeding CO2 targets in 2026-27.
  • Habeck noted that this approach would maintain fleet limits while offering companies flexibility and incentives to advance climate protection without incurring significant fines.
  • EU regulations require average emissions from newly registered cars to be 15% lower in 2025 compared to 2021 levels, but a decline in electric vehicle sales has made meeting this goal more challenging.