Green investors want to drive change in automotive models and use.
Less than a week after the UN confirmed the Paris Agreement would come into effect on 04 November this year, a global network of more than 250 institutional investors has published a guide setting out the threats facing the automotive sector.
They also explain investor expectations for how these companies must shift gear to adapt their business strategies to address climate related risk and build a sustainable low carbon transport system for the future.
A proposal to stop sales of new cars with combustion engines by 2030 has gained cross-party support in Germany’s Bundesrat, the country’s upper house of parliament, Der Spiegel reported.
German lawmakers should urge their EU counterparts in Brussels to push incentives for only zero-emission vehicles to be registered by 2030.
Environmental group Transport & Environment has endorsed the “real world” fuel results generated in on-road driving by PSA Peugeot Citroen.
Greg Archer, Clean Vehicles Director at Transport & Environment, said, “The real-world test developed with PSA Group provides full transparency towards customers and more representative information to drivers than the new laboratory test, helping them choose the most fuel-efficient cars. This scientific approach is robust, reproducible and reliable in measuring real carbon emissions. Thus, we urge the European Commission and all carmakers to use this test for regulatory and advertising purposes.”