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The International Maritime Organization (IMO) meeting concluded in London late last week without reaching a deal on a mechanism for cut the shipping industry's greenhouse gas emissions Further talks will be held in March, but it seems that officials have missed their last chance to reach a consensus before the start of the UN's Cancun Climate Change Summit next month.
Shipping is thought to account for around three per cent of the world's carbon emissions, but because it is not covered by the Kyoto Protocol the sector currently has no mandatory targets for cutting emissions. Last week's IMO meeting was scheduled to discuss possible technical and operational measures to reduce shipping's emissions impact, but it concluded without a deal after members failed to reach agreement on a number of controversial proposals, such as a mooted plans for a sector-wide carbon levy or emissions cap-and-trade scheme.
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http://www.marine-news.net/Choppy_waters_ahead_for_global_shipping_emissions_deal-i19888.html
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