Analysis and
Environment
New global rules will see a carbon levy applied to emissions from shipping for the first time, but analysts say the package falls short of what is needed
Shipping accounts for 3 per cent of global greenhouse gas emissions
Suphanat Khumsap/Getty Images
Excess emissions from international shipping will be subject to a hefty carbon charge under a new plan to decarbonise the sector agreed earlier this month.
The agreement is a “momentous outcome” that sets the framework for the shipping industry to deliver on its promise to reach net zero emissions, says Nishatabbas Rehmatulla at University College London.
“We’ve got here something that is unprecedented, a global carbon price for a sector,” he…
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