LONDON/BRUSSELS (Reuters) - Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
International shipping accounts for around 3 percent of the world's emissions of carbon dioxide, the greenhouse gas widely blamed for global warming, and this share could go to 18 percent by 2050 if regulation is not in place, according to the International Maritime Organisation.
There is currently no international regulation of greenhouse gas emissions from ships. Despite years of efforts in the IMO and the United Nations' climate division, global measures have been limited.
