LONDON (Reuters) - European Union targets to reduce sulfur emissions from the shipping sector will lead to huge costs for the British marine industry and reduce the country's competitiveness, a report by UK engineering consultancy AMEC said on Monday.
Last year, EU environment ministers backed tough new limits for shipping fuel, which will be phased in across EU waters as part of efforts to cut pollution from toxic chemicals.
From 2015, the maximum sulfur content of shipping fuels will be cut by 90 percent to 0.1 percent in restricted Sulphur Emission Control Areas, which include some of Europe's busiest waters, versus 1 percent now.