| Sourced From Businessgreen.com |

Not to be outdone by this week’s commitment from the aviation industry to halve emissions by 2050, several leading shipping industry bodies have confirmed they too would support efforts to cut emissions through a global cap-and-trade scheme, although they stopped short of setting specific targets.

The UK Chamber of Shipping yesterday joined with its sister organisations in Australia, Belgium, Norway and Sweden to propose a global emissions cap-and-trade scheme specifically for the sector.

The groups released a discussion paper arguing that a sectoral scheme, which would cost the industry up to

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Tags: carbon allowances, Carbon Trading, ETS