EU may grant time to fulfill emission targets

FRANKFURT (Thomson Financial) -- The European Parliament is close to a compromise regarding the timetable for planned curbs on carbon emissions for carmakers, which may result in more time for manufacturers to fulfill their emission obligations, Frankfurter Allgemeine Zeitung said.

Under the terms of the compromise, manufacturers would no longer be obliged to reach emission targets in 2012 for their entire fleets but only for parts thereof.

This would imply only 25 percent of their fleets would have to fulfill targets of emitting less than 130 grams of carbon dioxide per km on average during the first year, the newspaper said.

This would then rise to 50 percent and 75 percent in the second and third years respectively, while all cars would have to hit the targets in 2015, it added, citing Werner Langen, chairman of the German Christian Democrats in the European Parliament.

The commission put forward new legislative proposals in December to cut carbon dioxide emissions from European cars to 130 grams per km by 2012.

The proposed curbs sparked protests from the German car industry, which focuses on luxury cars, saying they are put at a disadvantage against French and Italian rivals, which produce smaller cars.

Earlier media reports said German-made cars emit 170 grams of carbon dioxide per km driven on average, while the figure for French and Italian cars is close to 120 grams.

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