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Europe's Self-Driving Cars Aren't Even at the Starting Line

2 months 2 weeks ago
Europe's self-driving car industry has fallen far behind the United States and China. Self-driving taxis developed by Tesla and Waymo have become commonplace in several American cities. Waymo overtook Lyft's market share in San Francisco in June. China operates a thriving robotaxi industry led by Baidu, WeRide and Pony AI. Europe has no established player and runs pilot projects in only a handful of cities. The most promising is Volkswagen-backed Moia in Germany. Markus Villig, chief executive of Estonian ride-hailing company Bolt Technology, told Brussels officials in mid-October that Europeans will move about their cities in American robotaxis by 2030 unless the European Commission acts quickly. He called for investment, regulatory clarity and restrictions on foreign competitors. Traffic laws governing self-driving tests vary at national and city levels across Europe. Commission President Ursula von der Leyen delivered a speech in Turin about AI adoption days before Villig's visit. Last week, Henna Virkkunen, the commission's technology chief, gathered carmakers and technologists to create a harmonized framework for self-driving cars. Waymo announced plans to provide driverless rides in the United Kingdom starting in 2026.

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Brazil Proposes a New Type of Fund To Protect Tropical Forests

2 months 2 weeks ago
Brazil is set to announce Thursday the establishment of a multibillion-dollar fund designed to pay countries to keep their tropical forests standing. The Tropical Forest Forever Facility would deliver $4 billion per year to as many as 74 countries that maintain their forest cover. The fund requires $25 billion from governments and philanthropies to begin operations. Private investors would contribute the remaining $100 billion. Brazil has committed $1 billion. Countries would receive around $4 per hectare of standing forest after using satellite imagery to verify forests remain in place. Nations with annual deforestation rates above 0.5% are ineligible for payouts. Indonesia, which has rapidly lost forests to palm-oil cultivation and mining, cannot participate. One-fifth of the payments are designated for forest communities. The World Bank is managing the fund.

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