The world's largest carbon market is set for a historic revamp. Europe's shipowners are concerned

, the ETS is now widely expected to expand to include shipping for the first time.

"It is taxation. Does that help anything when it comes to decarbonization? I don't think so. It looks more like it is an effort to collect money — and so be it," Pedersen continued. "Europe decides what Europe decides and there's not so much you can do about that, I guess, other than highlight that it might not be the most appropriate way to reduce emissions.

Pedersen said it was important not to panic over the leaked draft, noting that it could still be revised in the coming days and there are many more hurdles to overcome before the measures become EU policy.

Harder you try to lock down on climate change lies the harder people and industry will fight back. When you think you are winning your actually losing. Remember the Beijing Olympics the pollution? How about Rio's contaminated water you push them out they go to countries who care

Le cortan las manos a joven embarazada y a dos hombres en Guanajuato

thats nice all they will do is register the ships in countries that wont give a fuck and those countries will not get the tax revenuer from the ships third world nations will love it though

Carbon emissions need to be cut massively.

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