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You are here: Home Archive 2009 December 03 Climate deal could leave a US$10bn hole for shipping

Climate deal could leave a US$10bn hole for shipping

by Richard Meade - Lloyd's List last modified Dec 03, 2009 11:40 AM

The shipping industry could end up paying twice for a global climate change deal, thanks to the emergence of a new plan for a US$10bn annual levy on shipping emissions that has won the backing of African states.

  
Climate deal could leave a US$10bn hole for shipping

Green world: Politics threatens to hit shipping with double impost.

Shipping industry groups fear that a lack of political consensus in the run up to the United Nations climate change talks, due to start in Copenhagen next week, together with a severe financial shortfall to fund the proposed climate deal,...

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