US regulates for more fuel-efficient trucks
In August, the US Environmental Protection Agency (EPA) published the second phase of greenhouse gas standards for the trucking sector, which are expected to lower CO2 emissions by approximately 1.1 billion metric tons, save vehicle owners fuel costs of about US$170 billion, and reduce oil consumption by up to two billion barrels over the lifetime of the vehicles sold under the program. Overall, the program will provide US$230 billion in net benefits to society, including benefits to climate and the public health. The benefits outweigh costs by about an 8-to-1 ratio.
Stef Cornelis at Transport & Environment commented: “This is as much about environmental leadership as about innovation. If the EU wants to remain the world’s leader in truck manufacturing, then the European Commission should table a fuel efficiency standard for trucks in 2017 with a more ambitious 2025 target than the American phase two target.”