Tag: policy

London-based body launches 'manuals' on the two main options for market-based measures Underlining its difference of opinion with most other national shipping associations, the UK Chamber of Shipping has urged the international shipping industry to keep the door open on all options to drive a reduction of its carbon emissions. The UK Chamber has welcomed the advances made by the International Maritime Organization to promote the reduction of shipping's carbon emissions through technical efficiencies but in a statement says it believes that it will prove necessary for the industry to go further - through the adoption of economic (or 'market-based') measures to meet governments' expectations and targets. The statement said: "International opinion is divided on the best model for reducing the shipping industry's carbon emissions. Some support the idea of a greenhouse gas (GHG) contribution fund, in which shipping companies would contribute as part of purchases of bunker fuel. Others prefer an Emissions Trading System (ETS), in which shipping companies would buy a shipping allowance or 'emissions unit', which they would then surrender according to their actual carbon emissions." The International Chamber of Shipping's (ICS) director external relations Simon Bennett told that the vast majority of national shipping associations within ...