What happens now?
Developed countries should file their emission reduction targets to the Copenhagen accord by the end of January 2010. This is voluntary and it’s up to every country to sign up to the accord. Most of what we hoped to happen in Copenhagen will now have to wait for the already scheduled COP 16 in Mexico, November 2010. In the summer 2010 there will be a pre-meeting in Germany.
How does the deal in Copenhagen affect Volvo Group?
For the Volvo Group there’s no immediate effect from the delay we get due to the lack of results in Copenhagen. We will continue to reduce our impact on the climate. There will still be a focus on fuel efficiency on our products and we’ll continue to develop vehicles for renewable fuels. The environmental challenge for our own operations will be as ambitious as before when it comes to energy efficiency improvement and actions towards CO2-neutral production.
New funding for actions in developing countries might be an opportunity for Volvo Group. We can contribute in new projects with transport solutions and low carbon technique.