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Manufacturers will now have to keep reducing emission levels to meet targets of 95g CO2/km by 2020.
Barbara Helfferich, the European Commission spokeswoman on the environment, said, "Investing in reducing emission is more difficult to do in times of economic downturn than when you have money to spend".
India, for instance, has set a target of reducing emission intensity by 20 to 25 percent from 2005 levels by 2020.
This agreement will be welcomed by the government's task force on Reducing Emission through Deforestation and forest Degradation or REDD, a scheme for rich countries to pay for forest conservation.
At the Copenhagen summit in December, Britain and other countries will press for REDD (Reducing Emission from Deforestation and Degradation) – essentially a scheme for funding jungles in developing countries.
Another advantage of recycling waste glass is the reducing emission of CO2 during bottle fabrication.
Similar(30)
Reducing emissions will become less profitable.
Moreover, reducing emissions need not be expensive.
"We are about reducing emissions in Australia.
That doesn't do much for reducing emissions.
The European Union has committed to reducing emissions 20percentt by 2020.
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