The UK Chamber of Shipping has urged the international shipping industry to keep the door open on all options to reduce carbon emissions.
The Chamber says it welcomes movement to reduce emissions but wants market-based measures to meet governments’ targets.
Mark Brownrigg, Director General of the British Chamber of Shipping said: “This is a complex international debate for which we need active participation from the shipping industry and governments to find a genuine solution. This must be global – through the IMO – rather than regional.It is crucial that we do not discount either of the main proposed economic mechanisms for encouraging carbon reductions.”
International opinion is divided on the best model for reducing the shipping industry’s carbon emissions. Some support the idea of a greenhouse gas contribution fund, in which shipping companies contribute for purchases of fuel. Others, such as the EU, prefer an Emissions Trading System in which shipping companies buy allowances.