EU โขSummit to focus on 2040 Climate Targets, Combustion Engine Phase-Out
Brussels – European Union leaders will convene to debate enterprising climate โgoals for 2040 and the future of combustion engine vehicle production, amid growing โdivisions among member states. The debate comes as commission President Ursulaโ von der Leyen โdefends her climate policy, โwarning that inactionโข risks economic prosperity due to climate change impacts.
The core of theโ discussion centers on proposed targets to reduceโข CO2 emissions by 90 percent โcomparedโ to 1990 levels by 2040. While someโค nations view this goal asโ overly aggressive, especiallyโฃ considering planned restrictionsโ on building new cars with combustion engines, others remainโค committed โคto the Green Deal โขframework. France and Spain recently โaffirmed their intention to maintain theโข 2035โค phase-out date for combustion engine vehicles. The โขoutcome of the summit will significantly shape the EU’s climate โฃagenda and its approachโค to the automotive industry in the comingโค decades.