European Parliament report calls for CO2 reduction targets for shipping
A report, prepared for the European Parliament (EP), has recommended that carbon dioxide (CO2) emissions reductions targets should be set for international shipping.
The report estimated that, due to trade growth, international shipping’s share of global carbon dioxide (CO2) emissions may rise from around 3% to 17% by 2050 if left unregulated, a share of emissions equivalent to that of the United States of America in 2011.
The report recognised that, in recent years at least, the International Maritime Organisation (IMO) has made some progress on initiatives to limit greenhouse gas emissions such as adopting the energy efficiency design index and ship energy efficiency management plan in 2011.
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