EU wants to slash truck emissions by 90% by 2024 + South Africa eyes private investors for new export terminal

European Union countries are eyeing stricter CO2 emission targets for large trucks,mandating that new trucks cut emissions by 90% by 2040, Reuters reports. Climate ministers in the EU have agreed to endorse a law requiring new trucks in the EU to reduce CO2 emissions by 45% by 2030, 65% by 2035, and 90% by 2040 compared to 2019 levels. The proposed law aims to pull in investments to lower the heavy duty vehicle sector’s CO2 footprint as well as boost electric vehicle production.

Nothing’s set in stone yet: EU countries will now negotiate the law with the European parliament.

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• South African ports and freight rail company Transnet is looking to attractprivate investors to construct and manage an export terminal for citrus fruits at its Durban port. (Bloomberg)