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Shipping braces for pollution tax after Paris talks

2015-11-02 15:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse gas emissions likely. Any tax - either a levy based on fuel use by diesel-driven ships or a market based mechanism - would add to rising costs for the industry, which transports 90 percent of world trade. A draft Paris text makes scant mention of reducing CO2 from marine bunker fuels. Yet ship industry sources say some form of taxation...

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