Current:Home > InvestCOP26 sees pledges to transition to electric vehicles, but key countries are mum--DB Wealth Institute B2 Reviews Insights
COP26 sees pledges to transition to electric vehicles, but key countries are mum
View Date:2025-01-20 00:51:35
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! (98445)
Related
- Man is 'not dead anymore' after long battle with IRS, which mistakenly labeled him deceased
- Don't Miss This All-Star Roster for Celebrity Game Face Season 4
- Chrissy Teigen and John Legend Make a Kissing Sandwich With Baby Esti in Adorable Video
- An afternoon with Bob the Drag Queen
- NBA today: Injuries pile up, Mavericks are on a skid, Nuggets return to form
- King Charles III's coronation: What to know for the centuries-old ceremony
- Blake Shelton Reveals Why He's Leaving The Voice After 23 Seasons
- Remembering Oscar-winning actor and British Parliament member Glenda Jackson
- MVSU football player killed, driver injured in crash after police chase
- Where's the song of the summer? Plus, the making of Beyoncé's 'Crazy in Love'
Ranking
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
- How force-feeding ourselves hot dogs became a 'sacred American ritual'
- Hop in: Richard Ford and Lorrie Moore offer unforgettable summer road trips
- Two new feel-good novels about bookstores celebrate the power of reading
- Georgia public universities and colleges see enrollment rise by 6%
- Biden approves massive, controversial Willow oil drilling project in Alaska
- 'Crouching Tiger, Hidden Dragon' singer CoCo Lee dies at 48
- Will a Hocus Pocus 3 Be Conjured Up? Bette Midler Says…
Recommendation
-
2 weeks after Peanut the Squirrel's euthanasia, owner is seeking answers, justice
-
'Barbie' is pretty in pink — but will she also be profitable?
-
'Crook Manifesto' takes Colson Whitehead's heist hero in search of Jackson 5 tickets
-
Why Hailey Bieber's Marriage to Justin Bieber Always Makes Her Feel Like One Less Lonely Girl
-
Sean Diddy Combs' Lawyers File New Motion for Bail, Claiming Evidence Depicts a Consensual Relationship
-
Avril Lavigne Steps Out in Style at Paris Fashion Week After Mod Sun Split
-
What's Making Us Happy: A guide to your weekend reading, viewing and listening
-
TikTok Was Right About the Merit Cream Blush: It Takes Mere Seconds to Apply and Lasts All Day