Greenpeace research, Volkswagen, Toyota and other manufacturers are breaking the 1.5 degree target with their combustion engine plans, Gütsel Online, OWL live

Greenpeace research, Volkswagen, Toyota and other manufacturers are breaking the 1.5 degree target with their combustion engine plans, Gütsel Online, OWL live


Greenpeace research, Volkswagen, Toyota and other manufacturers are breaking the 1.5 degree target with their combustion engine plans.

  • Automakers are at least doubling the number of diesel and gasoline engines allowed

Hamburg, November 10, 2022

of #sales plans of #Car industry for more #cars and internal combustion engines are not compatible with the 1.5 degree climate target. New #Greenpeace research shows that #Toyota, #VW and #Hyundai, #Kiaat least twice as much #Diesel and #Petrol they want to sell, as what is left to them #CO2 budget allowed. According to the study, the planned overproduction for the entire automobile industry is around 400 million #burners Cars – almost five times more cars produced worldwide in 2021, study here. “The car companies are fueling the climate crisis with their ecological journey. They are saying goodbye very slowly #Oil Age«, says Greenpeace financial expert and co-author of the study Mauricio Vargas. “VW and other car companies need to take their responsibilities seriously and stop selling more diesel and petrol engines as soon as possible.”

VW gambled on a good starting position with a slow exit

The study, co-authored with automotive expert Stefan Bratzel, first calculates how many combustion engine cars can still be sold worldwide to stay within the remaining CO2 budget for 1.5 degrees. In the second step, the authors divide this number for the four main manufacturers Toyota, Volkswagen, Hyundai, Kia, and General Motors and compare them with their plans for sales of burning cars. Toyota comes off worst, exceeding its available combustion engine budget by up to 184 percent. Volkswagen had the 4th highest sales of electric vehicles in 2021 and therefore the best starting position, but plans #electric car increase the ratio slowly. As a result, sales of VW’s regular combustion engine will also be at least double (100 to 136 percent) a figure that is still acceptable at 1.5 degrees.

“The sales plans of developers have feet of clay. They also represent a great risk for investors,” says Vargas. » Considering the increasing effects of global warming, more and more countries, cities and regions are adopting bans on internal combustion engine vehicles. Anyone who doesn’t change quickly enough risks being left with millions of unsalable diesel and petrol engines. For heavily indebted companies like VW or Toyota, this can quickly become difficult.« The study calculates the debt of the twelve largest traditional car manufacturers to be 1.2 trillion dollars (September 2022). At 239 billion dollars, it is the highest in Volkswagen.

Representatives from 200 countries currently advise at the UN #climate conference in Sharm El Sheikh, Egypt, on ways to limit warming to 1.5 degrees, as agreed in Paris in 2015. Traffic causes about 1 in five of the world’s CO2 emissions, about 3 quarters of which come from #traffic on the road.