News

Shipping emissions can be traded

May 14, 2008

A new report from Sweden has added to pressure on the International Maritime Organisation (IMO) to tackle greenhouse gas emissions from shipping.

‘The Maritime Emissions Trading Scheme’ is an explanation by the transport economist Per Kågeson of a methodology for a global emissions trading scheme that he put forward in a report last year. Kågeson says his scheme would provide both a financial incentive for the shipping industry to take technical and operational measures to reduce their climate impact, and a source of funding for the UN to spend on climate-change-related missions. The IMO is holding a special meeting in Oslo next month to discuss how to tackle shipping’s contribution to global warming.

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