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EU Parliament panel to endorse diesel-cutting CO2 curbs Feb 27

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EU Parliament panel to endorse diesel-cutting CO2 curbs Feb 27

Highlights

Rules set to boost LNG, hydrogen, electric trucks

Panel also to sign off rules promoting electric buses

Part of EU push to constrain oil demand in transport

Brussels — The European Parliament's environment committee is set to sign off landmark greenhouse gas emission curbs on trucks that would cut diesel demand and promote LNG, hydrogen and electricity as fuels in a vote Wednesday, according to its agenda.

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These curbs will require new trucks to emit 15% less CO2 on average by 2025, and 30% less from 2030, under an informal accord reached earlier this month by parliament and EU Council negotiators.

Such accords are usually signed off without changes in the subsequent formal approvals by the parliament and council.

The European Commission has estimated these curbs could cut EU diesel demand from trucks to 64.5 million metric tons of oil equivalent in 2030, nearly 10% lower than the 71.4 million mtoe projected in a baseline scenario.

The EC has also estimated that the curbs could more than double LNG demand from trucks to 1.1 million mtoe by 2025, up from 0.5 million mtoe in a baseline scenario.

By 2030 the curbs could more than triple LNG demand from trucks to 4.4 million mtoe, up from 1.3 million mtoe in a baseline scenario, according to EC estimates.

The committee is also set to sign off a separate informal accord on EU rules requiring public authorities to use more alternative-fuel buses and trucks by 2030, including electricity, hydrogen and LNG.

The informal accord sets binding minimum national procurement targets for "clean" light duty vehicles, buses and trucks for 2025 and 2030.

These include sub-targets for zero-emission -- ie electric -- buses.

The pressure is on for the parliament to complete its formal approvals, including full plenary votes, before it breaks for elections in May.

EC CLEARS FRENCH HYDROGEN JV

Separately, the EC cleared a joint venture Friday that plans to build charging stations for hydrogen vehicles in France.

French utility Engie, French state public investor CDC, car tire manufacturer Michelin and the Auvergne-Rhone-Alpes French administrative region are the partners in the new company, called Hympulsion.

Engie has said that it is committed to developing renewable hydrogen, produced by electrolysis from green power.

It wants to be active in the entire value chain for renewable hydrogen, "from carbon-free power generation to the three key end uses: mobility, industry and energy storage," according to its website.

-- Siobhan Hall, siobhan.hall@spglobal.com

-- Edited by Alisdair Bowles, newsdesk@spglobal.com

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