Volkswagen Paris Agreement

Earlier this year, the Volkswagen Group committed to the goals of the Paris Agreement, the 200-Nation Agreement, which aims to limit global warming to 3.6 degrees Fahrenheit by reducing emissions of carbon dioxide and other pollutants. This is not an easy task, as most studies show that the Earth has already warmed by half of this amount in recent decades. To achieve this goal, it is necessary to widely introduce emission-free electric vehicles, which do not only reach affluent buyers. Climate change is one of the greatest challenges of our time. To achieve the objectives of the Paris Climate Agreement, it is necessary to reduce CO2 emissions in the transport sector. We obviously want to take on that responsibility. With the aim of creating a fleet of purely electric models, Volkswagen is investing in a holistic approach: mobility for a future that is not only electrifying, but also sustainable. To reduce CO2 emissions, the Volkswagen Group is focusing on the electrification of its fleet. Since 2016, it has been developing the modular electric kit. From 2020, the ID.3 electric vehicle will be marketed from a net carbon neutral production. In addition, Volkswagen offers its customers electricity produced from renewable sources for battery charging.

Production will start on 4 November 2019 at Volkswagen`s Zwickau plant. Jost insisted that global warming could only be limited to the agreed maximum of two degrees in the event of an immediate change of course. Industry is responsible for 25% of global greenhouse gas emissions, while 14% are due to transport. The mobility sector has not been able to solve the problems alone, but it has nevertheless had to move forward. The company was ready to do that. "Volkswagen wants to do more than comply with legal requirements, Volkswagen takes responsibility for the social responsibility of the climate. The Volkswagen Group has a clear plan that shows its commitment to the Paris climate goals. Reinhard Fischer, Senior Vice President of Volkswagen Group of America and Volkswagen North American Region Strategy, will be responsible for implementing Volkswagen`s SDGs in the United States. By 2050, according to Fischer, Volkswagen`s U.S. operations and vehicles expect to be climate neutral. By 2030, when the targets are met, the group`s fleet of new cars will consist of around 40% electric vehicles.

Until the completion of our own projects, we will support Permian Global`s current portfolio of projects to ensure the delivery of the carbon-neutral ID.3. Or, as Fischer says: "Our goal is to avoid CO2.