On the day the United Nations Conference on Climate Change (COP28) kicks off in Dubai, Volvo Cars announced an even greater effort in its action plan, with the goal of reducing CO2 emissions per car by 75% by 2030.
In addition, the Swedish brand aims to achieve climate neutrality by 2040 and reduce CO2 emissions per car by 40% between 2018 and 2025. Volvo states that during the first nine months of 2023, global CO2 emissions per car were already 19% lower compared to the 2018 reference value.
To help achieve these ambitions, Volvo Cars announces that it also becomes a member of the First Movers Coalition (FMC) of the World Economic Forum and will use its purchasing power to support emerging clean technologies that will facilitate the shift towards nearly zero-emission aluminum usage.
In addition, the Swedish manufacturer has already announced that the last diesel car of the brand will be produced in early 2024, and the company has stopped investing in R&D for new internal combustion engines.
“COP28 is a historic moment of accountability for climate action. The world urgently needs to come together and act to avoid the worst effects of climate change. We are committed to doing our part and we call on business and political leaders around the world to do the same,” says Javier Varela, Chief Operating Officer & Deputy CEO of Volvo Cars.
It is worth noting that COP28 started this Thursday, November 30th, and the event also marks the first assessment of global progress on the 2015 Paris Agreement.
