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10/10/2013 12:00:00 AM

A European Union proposal to regulate ships’ carbon emissions will likely increase shipping costs.

Maritime transport is the only transport mode not included in the EU’s greenhouse gas emissions reduction targets, the trade publication says. Shipping is responsible for 4 percent of Europe’s total GHGs and globally the sector represents 3 percent of GHG emissions.

But despite rules to limit sulfur content in fuel that take effect in 2015, total maritime transport GHGs are expected to rise to 5 percent by 2020. Under the new International Maritime Organization regulations, ships in some Emissions Control Areas (ECAs) must cut their fuel sulfur content from 1 percent to 0.1 percent as of January 2015. Additional regulations that take effect a year later will require new vessels to cut their nitrogen oxide emissions.