EU proposes adding shipping to its carbon trading market

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The European Commission on Wednesday proposed adding shipping to the bloc's carbon market for the first time, adding pressure on an industry, which had for more than a decade avoided the European Union's system of pollution charges, to become greener.

It aims to halve maritime emissions by 2050 from 2008 levels. That falls short of the EU's plan to eliminate its economy-wide net emissions by then, a goal scientists say the world must meet to avoid the worst impact of climate change."Shipping is an international sector requiring global regulation.

Guy Platten, secretary general of the International Chamber of Shipping association, described the proposals as "an ideological revenue raising exercise, which will greatly upset the EU's trading partners". "There are simpler and more effective options – such as a global fuel levy - but these require political leadership rather than political expediency."

European lawmaker Jytte Guteland, who has sought tougher goals for shipping, said she would be pushing for "higher ambitions" with proposals at the parliamentary level.

 

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