Industry group backs global carbon price for large ships
Source: Associated Press
Industry group backs global carbon price for large ships
By FRANK JORDANS
September 6, 2021
BERLIN (AP) — A major maritime industry association on Monday backed plans for a global surcharge on carbon emissions from shipping to help fund the sector’s shift toward climate-friendly fuels.
The International Chamber of Shipping said it’s proposing to the United Nations that all vessels trading globally above a certain size should pay a set amount per metric ton of carbon dioxide they emit.
Environmental groups welcomed the proposal to the the International Maritime Organization, a U.N. body, but cautioned that it doesn’t specify what carbon price would be supported by the group, which represents commercial shipowners and operators covering over 80% of the world merchant fleet.
“We will know they are serious about real progress when they embrace a level of ambition consistent with what climate vulnerable island nations have already proposed,” said Aoife O’Leary, director of global transportation at the Environmental Defense Fund.
The shipping industry is estimated to account for nearly 3% of the greenhouse gas emissions that are driving global warming and projected to rise significantly in the coming decades.
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