Financial Times FT.com

Europe's car market long overdue for fuel-efficiency fix

By Jos Dings

Published: February 19 2007 02:00 | Last updated: February 19 2007 02:00

From Mr Jos Dings.

Sir, The failure of carmakers to live up to the commitment they made to the European Union to improve the fuel efficiency of new cars highlights a clear case of market failure. Regulation is therefore a first best, not the "third-best policy" as you describe it in your editorial "Curbing emissions" (February 12).

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