Shipping emissions can be traded

‘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.