Saturday, December 17, 2011

Shipowners join WWF, Oxfam in urging climate levy

* Chamber prefers compensation fund over emissions trading scheme
* Carbon levy could help finance Green Climate Fund


The International Chamber of Shipping on Tuesday joined campaign groups Oxfam and WWF to urge climate talks in Durban to help put a price on polluting emissions from ships, which could help raise funding to tackle global warming.

Oxfam and WWF have been pressing for a maritime carbon levy and the International Chamber of Shipping (ICS), which represents more than 80 percent of the world's merchant fleet, gave its qualified support.


See full Article.