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illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:
🗞️ Driving the news: The European Parliament has voted to pass a law aimed at reducing carbon dioxide emissions from trucks
• By 2040, this legislation mandates a 90% reduction in CO2 emissions from new heavy-duty vehicles, effectively necessitating that most new trucks sold in the EU be emissions-free
🔭 The context: This ambitious move targets the substantial carbon footprint of the transport sector, aligning with broader climate change objectives.
• Heavy-duty vehicles, including trucks, are currently significant contributors to CO2 emissions in Europe, with most powered by diesel
🌍 Why it matters for the planet: The transition towards zero-emission heavy-duty vehicles is crucial for reducing greenhouse gas emissions and combating climate change
• The shift to electrification and hydrogen-powered trucks represents a significant step towards sustainable transport solutions
⏭️ What's next: The policy awaits final approval from EU countries, a step generally seen as a formality
• It includes future considerations for vehicles powered by CO2 neutral fuels, balancing industry concerns with environmental goals
💬 One quote: "We are providing clarity for one of the major manufacturing industries in Europe and a strong incentive to invest in electrification and hydrogen," said Bas Eickhout, Parliament's lead negotiator on the policy
📈 One stat: The law stipulates a 90% cut in CO2 emissions from new heavy-duty vehicles by 2040
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