Subscribe to RSS feedCopenhagen turns its gaze on new taxes for shipping
THE SHIPPING industry’s worst fears appeared to be coming true as high-level support for a multi-billion dollar global tax on shipping and aviation fuel outside of the International Maritime Organization’s (IMO) control was growing at the Copenhagen climate change talks.
National leaders from 120 countries joined the talks in a bid to break the deadlock over emissions cuts and financial aid for poorer countries.
However, lack of progress had prompted increasing high-level interest in shipping’s potential to plug the gaps...
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