livingston
20×102mm Vulcan
Beyond Ridiculous – EU Automakers Purchasing Carbon Credits from Chinese EV Makers to Avoid EU Climate Change Fines
Put this in the ‘beyond ridiculous’ file that explains the current situation of a contracting European economy; specifically, in the auto sector.https://theconservativetreehouse.com/wp-content/uploads/2017/11/happy-panda.jpg
Europe has fines associated with the production of gasoline powered engines if the auto company doesn’t hit targets for sales of electric vehicles. The fines triggered this year. In order to avoid paying the European fines the auto makers are forming alliances with Chinese EV makers to purchase carbon credit offsets.
In essence, EU car companies buy Chinese car company carbon credits, to avoid the EU fines. The Chinese car companies can then use the carbon credit revenue to subsidize lower priced Chinese EVs to the European car market, thereby undercutting the European EV car companies. BRILLIANT!
MILAN, Oct 21 (Reuters) – Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies. Several legacy automakers face potential fines as the transition to EVs in Europe has proved slower than expected in recent years.
EU fines – which automakers have said could reach up to 15 billion euros ($17.5 billion) – were initially envisaged on 2025 carbon emission levels. In March, however, the European Commission yielded to pressure from automakers and allowed compliance based on their average emissions over 2025-2027. (read more)
The EU economic offset plan? Let’s go to war with Russia.

Beyond Ridiculous - EU Automakers Purchasing Carbon Credits from Chinese EV Makers to Avoid EU Climate Change Fines - The Last Refuge
Put this in the ‘beyond ridiculous’ file that explains the current situation of a contracting European economy; specifically, in the auto sector. Europe has fines associated with the production of gasoline powered engines if the auto company doesn’t hit targets for sales of electric vehicles...
