EU Proposes CO2 Cuts for Shipping

21 October 2009 (Last Updated October 21st, 2009 18:30)

EU environment ministers have agreed to propose a 20% cut in ship CO2 emissions from 2005 levels by 2020. The ministers have also supported a target to cut CO2 emissions in developed countries by 80% to 95% by 2050 from 1990 levels, according to reports. The measures are p

EU environment ministers have agreed to propose a 20% cut in ship CO2 emissions from 2005 levels by 2020.

The ministers have also supported a target to cut CO2 emissions in developed countries by 80% to 95% by 2050 from 1990 levels, according to reports.

The measures are part of the EU’s position for the international summit on climate change to be held in Copenhagen in less than two months.

The EU wants to lead the Copenhagen negotiations towards an international accord that will replace the Kyoto protocol and limit global warming to two degrees Celsius.

Greece, Cyprus and Malta have been trying to keep moves to combat climate change in the industry under the IMO purview.

All the three Mediterranean countries have dropped their objections to a fixed 20% cut target for the shipping industry.