Automotive: 'pooling' is the talk of the town

(Boursier.com) — CO2 quotas and the famous 'pooling' are still being talked about in the automotive sector. While several manufacturers plan to buy carbon credits from electric vehicle specialists like Tesla or Polestar, brand owned by Geelyin order to escape heavy fines from Brussels, a spokesperson for Renault claims that these “pooling” agreements risk weakening European industry.

“Without a clear position from the European Commission, manufacturers are forced to make counterproductive decisions such as purchasing credits from competitors, possible production reductions, etc. This leads to a weakening of European industry,” a Renault Group spokesperson said in a statement to Reuters. “At the start of the year, the group is once again and urgently asking the European Commission for visibility,” she added.

The diamond group reiterated that it was “mobilized to meet the requirements” of the CO2 regulations, while specifying that it was “premature to say at this stage” whether or not it would resort to carbon dioxide agreements. pooling.

Stellantis, Toyota, Ford, Mazda and Subaru are considering entering into “pooling” agreements with Tesla, while another “pool” is being formed around Mercedes, with Polestar, Volvo Cars and Smart, underlines 'Reuters '. Companies selling fewer EVs can pool, or “pool”, their emissions with pure electric players, who are more CO2-friendly, and buy emissions credits from them. By lowering their average in this way, they can avoid paying several hundred million euros in penalties while Brussels has decided to drastically lower the emission ceiling for the main greenhouse gas from January 1, 2025.