Current:Home > StocksCOP26 sees pledges to transition to electric vehicles, but key countries are mum -FundTrack
COP26 sees pledges to transition to electric vehicles, but key countries are mum
View
Date:2025-04-15 00:27:27
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! (4131)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- André Leon Talley's belongings, including capes and art, net $3.5 million at auction
- Dozens of U.K. companies will keep the 4-day workweek after a pilot program ends
- California woman released by captors nearly 8 months after being kidnapped in Mexico
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Search continues for nursing student who vanished after calling 911 to report child on side of Alabama freeway
- Indigenous Leaders and Human Rights Groups in Brazil Want Bolsonaro Prosecuted for Crimes Against Humanity
- Small Nuclear Reactors Would Provide Carbon-Free Energy, but Would They Be Safe?
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- World Meteorological Organization Sharpens Warnings About Both Too Much and Too Little Water
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Off the air, Fox News stars blasted the election fraud claims they peddled
- What Germany Can Teach the US About Quitting Coal
- What to know about the train derailment in East Palestine, Ohio
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Transcript: Mesa, Arizona Mayor John Giles on Face the Nation, July 16, 2023
- Race, Poverty, Farming and a Natural Gas Pipeline Converge In a Rural Illinois Township
- Inside Clean Energy: Google Ups the Ante With a 24/7 Carbon-Free Pledge. What Does That Mean?
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Are you caught in the millennial vs. boomer housing competition? Tell us about it
Sarah Jessica Parker and Matthew Broderick’s Son James Wilkie Has a Red Carpet Glow Up
Get a $64 Lululemon Tank for $19 and More Great Buys Starting at Just $9
Why members of two of EPA's influential science advisory committees were let go
Missed the northern lights last night? Here are pictures of the spectacular aurora borealis showings
Don't Miss This $40 Deal on $91 Worth of MAC Cosmetics Eye Makeup
How Biden's latest student loan forgiveness differs from debt relief blocked by Supreme Court