Boat owners encouraged to sink cash into offsetting emissions at Dubai International Boat Show 2012 - Dubai Media Incorporated

Posted - Monday, March 12, 2012 - Dubai Media Incorporated 

Carbon trading brokerage Advanced Global Trading (AGT) is floating an environmental proposition at this year’s Dubai International Boat Show as it tries to convince boating enthusiasts to ‘go green’ and offset the carbon emissions they emit from their vessels.
Reports estimate the global maritime industry last year polluted 1.5 billion tonnes of CO2, with a commitment to voluntarily reducing and offsetting this figure by 300m tonnes per annum. And, according to the director of a global Carbon Credit brokerage headquartered in Dubai, UAE, one of the ways to achieve this is through the purchase of Voluntary Emissions Reduction credits.
“As an example, there are over 10,000 super yachts worldwide and 46 of these are registered in the UAE,” claims AGT director Charles Stephenson. “With an average of 45 boating days per boat owner giving an average annual C02 emission of 7,000 tonnes from a mid-sized super yacht, this would mean an average carbon offset cost of US$91,000 per year for super yachts based in the UAE alone in order for them to operate carbon neutrally,” he explains.
 
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