Tag: WWF

NGOs say scheme would help cut emissions while generating $25 billion per year by 2020 Oxfam and WWF are lobbying politicians that a proposed deal to apply a "carbon price" to international shipping should be at the heart of the agreement at the UN climate change conference in Durban, South Africa, later this year. Publication of a report by the two NGOs is timed to put pressure on EU Environment Ministers at their meeting October. Oxfam and WWF say that EU support for the will be critical to breaking the international deadlock on shipping emissions that has lasted more than a decade.A new joint report claims that applying a carbon price of $25 per tonne to bunkers would help cut emissions while generating $25bn per year by 2020. According to the NGOs the cash generated would be used both to compensate developing countries for marginally higher import costs that could result from the carbon price, and to provide more than $10bn per year to the Green Climate Fund (GCF). The GCF was established at last year's UN climate conference in Cancun, Mexico, to channel funds for tackling climate change to developing countries but is currently empty.The two organisation say that ...

Applying a carbon price of $25 per tonne to shipping or 'bunker' fuel Escalating greenhouse gas emissions from international shipping could be tackled by applying a carbon price of $25 per tonne to shipping or 'bunker' fuel, according to a new report from Oxfam and WWF.The report shows that the EU could broker a deal on a carbon price for shipping fuel at the United Nations' climate change conference in Durban, South Africa later this year.As well as controlling emissions from shipping, the proposal would also raise around $25 billion a year by 2020 to help tackle climate change in developing nations, say the charities. The revenues raised could also be used to compensate developing countries for higher import costs arising from the carbon price.The report, Out of the Bunker - Time for a fair deal on shipping emissions, says the proposal would tackle two of the major issues facing the Durban conference - agreement on future emissions cuts and finance to help developing nations.International shipping is currently responsible for around 3% of total global emissions - more than Germany and twice that of Australia - but has remained resistant to regulation, although the industry did recently agree to some ...