The European Parliament signed off on Tuesday, new carbon dioxide restrictions for commercial vans that will slash emissions by 28 per cent from2020. Under the rules, all new light commercial vehicles sold across the European Union will emit a maximum 147 grammes of carbon dioxide per kilometre instead of 203 grammes as per the level set in 2007.European Climate Commissioner, Connie Hedegaard said the target was both "accessible" and not too expensive for manufacturers. The legislation will be reviewed in 2015.According to the European Commission, vans account for 12 per cent of the European market for light-duty vehicles, which together are responsible for 1.5 per cent of total EU carbon dioxide emissions. European lawmakers next month will vote on a similar scheme to limit carbon dioxide emissions in new passenger cars that has been held up by concerns in Germany, which has a powerful autoindustry.