09 Sep '11, 4pm

Green Groups Propose a Shipping Tax to Reduce Dirty Fuel Use

Green Groups Propose a Shipping Tax to Reduce Dirty Fuel Use

Adding a $25 tax to each tonne of shipping fuel is the simplest way to cut emissions in the sector and help developing countries finance programmes combating climate change, green groups will say today. A report [PDF] published by WWF and Oxfam said that imposing the levy would tackle the 3.3 percent of global emissions generated by shipping, emissions which are predicted to rise by between 150 and 250 percent by 2050. The industry has already agreed technical efficiency standards during International Maritime Organisation (IMO) talks in July designed to lower emissions by between 25 and 30 percent by 2030. But scant progress has been made towards agreeing an international carbon pricing regime to help drive down emissions further. As a result green groups have consistently called on the sector to back more ambitious emission reduction policies, with WWF and Oxfam today ar...

Full article: http://www.greenbiz.com/news/2011/09/09/green-groups-prop...

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