Current:Home > StocksCOP26 sees pledges to transition to electric vehicles, but key countries are mum -FinanceAcademy
COP26 sees pledges to transition to electric vehicles, but key countries are mum
View
Date:2025-04-15 23:46:47
A group of governments, automakers and others have signed on to an agreement to transition to 100% zero-emission sales of new cars and vans by 2040 globally and by 2035 in "leading markets."
Fifteen countries also agreed to a separate pledge to work toward 100% zero-emission sales of new trucks and buses by 2040.
The agreements, both of which were announced at the COP26 climate conference in Glasgow, were hailed as a significant step toward decarbonizing the automotive industry. Cars and trucks emit roughly one fifth of U.S. greenhouse gas emissions, according to the Union of Concerned Scientists.
But the agreements were also noteworthy for the names that were missing. The world's largest auto markets, including the U.S., China, Germany, South Korea and Japan, were absent from the pledges, and the top two global automakers (Toyota and Volkswagen) also didn't sign.
"COP26 marks the end of the road for the internal combustion engine. Today we're seeing significant commitments from manufacturers, investors, fleet operators, countries, cities, states and regions," Helen Clarkson, CEO of the nonprofit Climate Group, said in a statement.
"Those not at the table on Transport Day are on the wrong side of history," she added.
Cars and vans
Though not legally binding, the COP26 declaration to speed up the transition to 100% zero-emission new car and van sales sets a global goal of 2040, with the transition slated to happen five years earlier in "leading markets."
Automakers including Ford and General Motors vowed to work toward the goal "supported by a business strategy that is in line with achieving this ambition."
A group of cities, states and regional governments said they would attempt to convert their car and van fleets to zero-emission vehicles by no later than 2035.
The signatories that represented "leading markets" promised to offer assistance to developing countries and emerging markets to aid in their transition to new zero-emission vehicle sales, though a similar pledge by wealthy countries in the Paris Accord in 2015 has not yet been met.
Trucks and buses
The other pledge, spearheaded by the Netherlands and the nonprofit group CALSTART, targets medium- and heavy-duty trucks and buses.
"Globally, freight trucks and buses represent about 4% of the on-road fleet globally but are responsible for 36% of greenhouse gas emissions, and over 70% of nitrogen oxide emissions that contribute to local air pollution," Cristiano Façanha, CALSTART's global director, said in a statement. "This makes trucks and buses a very effective target for fast decarbonization."
Among the signatories were the U.K., Canada, the Netherlands and Chile.
The group set an interim objective of having 30% of all new truck and bus sales be zero-emission vehicles by 2030, with an overall goal of having all sales be zero-emission by 2040.
They said the transition would require major investments in battery and electric component manufacturing as well as charging infrastructure.
Façanha said the group has been holding discussions with other countries about joining the memorandum of understanding.
veryGood! (239)
Related
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Lionel Messi, Inter Miami face Orlando City in Leagues Cup Round of 32: How to stream
- What to know about new Apple iPhone 15: Expected release date, features, and more
- 'Barbie' studio apologizes for 'insensitive' response to 'Barbenheimer' atomic bomb meme
- Grammy nominee Teddy Swims on love, growth and embracing change
- 'Arrow' star Stephen Amell voices frustration over actors strike: 'I do not support striking'
- Lori Vallow Daybell, convicted on murder charges in Idaho, still faces charges in Arizona
- Teamsters: Yellow trucking company headed for bankruptcy, putting 30,000 jobs at risk
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Turmeric has many purported health benefits. Does science back any of them up?
Ranking
- Intel's stock did something it hasn't done since 2022
- The Mega Millions jackpot has soared to $1.25 billion. Here’s how hard it is to win
- 10 pieces of smart tech that make your pets’ lives easier
- Where to Buy Cute Home Decor For Your Dorm or First Apartment If You're on a Budget
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Pac-12 schools have to be nervous about future: There was never a great media deal coming
- Connecticut TV news anchor reveals she carried painful secret of her mother's murder to protect Vermont police investigation
- Carli Lloyd blasts USWNT again, calls play 'uninspiring, disappointing' vs. Portugal
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Proof Chrissy Teigen and John Legend’s California Home Is Far From Ordinary
These Top-Rated Amazon Tote Bags Are the Best Backpack Alternatives for School, Work & the Gym
Missouri executes man for 2002 abduction, killing of 6-year-old girl lured to abandoned factory
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
ESPN's Pat McAfee apologizes, then defends his post about Larry Nassar, Michigan State
How Hotel Collection Candles Can Bring the Five-Star Experience to You
California firm to pay $1 million for selling devices to thwart diesel truck smog controls