Reuters: Average carbon dioxide emissions from new cars sold in the European Union dropped by 5 percent last year, the biggest annual fall ever recorded, European climate chief Connie Hedegaard said on Wednesday. The EU, home to 500 million people, has set a target for cutting average emissions from new cars to 130 grams of CO2 per km by 2015. “The latest data shows … that the car industry is on track to achieve the 2015 target and most likely several major manufacturers will be able to do so well…