It could be the end of the road for some of China’s small domestic automakers now that the long-debated stringent fuel economy standards have been imposed.
Singapore’s National Environment Agency (NEA) says it will implement new vehicle rules which will mandate Euro IV standards on all new vehicles sold after January 2014, up from the current Euro II standard in place since 2001.
The Hong Kong Government has released its 2012 Air Pollution Control (Vehicle Design Standards) amendment regulation to tighten emission standards for newly registered vehicles to European levels.
This report by the World Bank spells out what the world would be like if it warmed by 4 degrees Celsius, which is what scientists are nearly unanimously predicting by the end of the century, without serious policy changes.
Companies in Asia reveal expectations that regulations that could lead to rising costs for reporting and reducing GHG emissions will also be the main sources of climate-related business opportunities.
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