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German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

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The automakers will bear the entire cost of the retrofitting, estimated by the German Association of the Automotive Industry (VDA) to be at least €500 million. In this sense, modern and clean diesel technology can also contribute to climate protection. Motor vehicle owners are also entitled to the protection of their trust.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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Factors Determining Abatement Costs. The marginal costs of reducing (or abating) emissions depend on technological, behavioral, and policy-related factors. For emitters with especially high abatement (emission-reduction) costs, the market price will be less than this cost. HOW TO ESTABLISH A SUCCESSFUL REGIONAL.

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