Transportation

US and EU Spar Ahead of Vote to Cut Global Shipping Emissions

The European Union and US have squared off over a proposal to slash the global shipping industry’s carbon emissions ahead of a vote this week, with Washington threatening to penalize countries that back the plan.

The European Commission said nations should vote at an International Maritime Organization meeting to ratify a proposed United Nations’ frameworkBloomberg Terminal to slash greenhouse-gas emissions. “The EU views the net-zero framework as a significant milestone and calls for its adoption,” it said in a statement.