PARIS, Jan 8 (Reuters) -
French automaker Renault is committed to complying
with tighter EU rules on CO2 emissions this year, it said, but
believes automakers pooling their emissions could weaken the
European car industry.
The EU significantly lowered its cap on automotive carbon
dioxide emissions from Jan. 1, meaning at least one-fifth of all
sales by most car companies must be EVs to avoid heavy fines.
Companies with lower electric vehicle sales can "pool" their
emissions with segment leaders, however purchasing emissions
credits from other manufacturers to lower their overall averages
and save them hundreds of millions of euros in penalties.
EU filings on Tuesday showed companies including Stellantis ( STLA )
, Mercedes and Toyota ( TM ) are planning
to buy carbon credits from producers including Tesla
and Polestar.
Renault said it was too early to say if it would also
pool emissions, but added the move would be damaging to the
sector. It has been urging Brussels to ease the regulations
instead.
"Without a clear position from the European Commission, the
manufacturers are forced to take counterproductive decisions
such as purchasing credits from competitors, potential
production cuts, etc. This leads to the weakening of the
European industry," the company said in a statement to Reuters.
It added it is urgently calling for more clarity on the
matter.