Subscribe to RSS feedClimate deal could leave a US$10bn hole for shipping
by
Richard Meade, London
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last modified
Dec 10, 2009 02:29 PM
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.
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 this week, together with a severe financial shortfall to fund the proposed climate deal,...
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