Copenhagen: support for a global tax on shipping and aviation grows - Hellenic Shipping News Worldwide

Posted - Hellenic Shipping News Worldwide - Tuesday, 15 December 2009

If agreed at the tense Copenhagen summit, the money is likely to go towards a £100bn “climate aid” fund to help poorer states deal with global warming. Either a tax or emissions trading system specifically for these industries could provide up to a quarter of this amount. The UK Government prefers the concept of global emissions trading over taxes on aviation and shipping. It is looking closely at plans to regulate both sectors more heavily to provide “innovative sources of financing” for the fund....

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