World’s automakers fall short on climate goals, says new report

  • Date: 10-Nov-2022
  • Source: The Economist
  • Sector:Oil & Gas
  • Country:Egypt
  • Who else needs to know?

World’s automakers fall short on climate goals, says new report

















/ Access Asia























Issued on: 10/11/2022 - 04:20

















Chinese EV manufacturer, BYD displays its electric car Seal at the Paris Car Show Monday, Oct. 17, 2022 in Paris. © Michel Euler, AP











Major automakers will need to sell about half the number of petrol and diesel vehicles than under current projections to be aligned with key climate goals, Greenpeace said Thursday.









To line up with limiting global warming to 1.5 degrees Celsius, no more than 315 million new vehicles running on fossil fuels can still be sold worldwide, according to a new report from the environmental group.

But at present, major automakers are on track to sell 712 million diesel and petrol vehicles by 2040, Greenpeace said, after world leaders met this week in Egypt for a crucial UN climate summit.

Preventing temperatures from rising by more than 1.5 degrees Celsius above pre-industrial levels is a key goal of the Paris Agreement. 

The report, by Greenpeace Germany, said there was a "disconnect between traditional automakers' sales targets