A carbon correction factor for trucks? Don’t be fooled by the oil industry’s latest con
(Transport and Environment, 12 Oct 2023) The industry’s proposal is not about climate ambition or incentivising alternative fuels. Instead, it’s an attempt to slow down the transition to zero-emission trucks.
When the Commission proposed new CO2 targets for trucks and buses early this year, reactions landed as expected. Truckmakers seemed pretty satisfied with the law which will require them to reduce the climate emissions from their new sales by 90% until 2040 and which exempts 20% of heavy-duty vehicle sales from the regulation.
Environmental groups including T&E have criticised the weak intermediate CO2 targets such as the modest 45% reduction in 2030 given that manufacturers already aim for more than 60% of their truck sales to be electric or hydrogen by the end of this decade.
And then there was the oil and gas industry, which cried foul at the Commission’s decision to not introduce a so-called ‘carbon correction factor’ for alternative fuels in the CO2 regulation, a loophole opposed by most truckmakers. There are many reasons why including fuels in the CO2 regulation would be a very bad idea.