With all the brouhaha about ‘cash for clunkers’, the mainstream media seems to have completely missed analysing a new initiative that was also announced on Saturday by the Prime Minister – mandatory CO2 emission standards for light vehicles.
Prime Minister Gillard committed the Government, if re-elected, to an obligatory average emission standard for new light vehicles of 190 g/km from 2015, and 155 g/km from 2024. This represents a 14% reduction on the 2008 level by 2015 and 30% by 2024.
This is the sort of initiative I’ve argued for before (here and here) as it recognises the reality that light vehicles (i.e. cars, SUVs, vans) will be around for a long time yet and something therefore needs to be done fast to make them more environmentally responsible.
It’s a pity the Government took the spotlight away from this worthwhile initiative by simultaneously announcing the deeply flawed ‘cash for clunkers’ scheme.
Yet the Government’s take on mandatory emissions is far from perfect. In fact it verges on feeble. The standards announced by the Prime Minister are well short of the European CO2 emissions standard, which is currently 160 g/km and by 2015 will be 130 g/km (see here). Read the rest of this entry »