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Shippers may be required to limit their carbon emissions, possibly through participation in carbon markets, under proposals being considered by the European Union.
The EU is crafting tools to limit emissions from maritime transport because the International Maritime Organization (IMO) has been unable to agree on such measures for over a decade, Bloomberg said.
“Whereas a global agreement in the context of IMO is still the preferable option, and we continue working for that, we have started really seriously preparing for tackling the sector,” Yvon Slingenberg, head of the emissions-trading unit at the European Commission, said at a climate seminar this week in Budapest. “It could be for bringing them into the emissions trading system; it could be also other options such as charges or levies.”
The commission says that global maritime transport accounts for almost three percent of carbon-dioxide discharges, and emissions from ships are expected to more than double by 2050, Bloomberg reports.
The European carbon trading system is the biggest cap-and-trade system in the world. It puts carbon limits on more than 11,000 utilities and manufacturers, with those that emit less being entitled to sell their surplus permits.
Next year the program will be extended to cover aviation. The market will cover chemical and aluminum companies from 2013.
Complete Story at:
http://www.environmentalleader.com/2011/03/29/eu-may-bring-shipping-companies-into-carbon-market-wwl-cuts-co2-21/
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