OECD in favour of carbon tax for shipping

OECD in favour of carbon tax for shipping

The International Transport Forum came out yesterday in favour of a carbon tax for shipping and very swingeing goals for emission cuts in the coming decades.

The ITF, a research arm of the Organization for Economic Cooperation and Development (OECD), said shipping should reduce carbon emissions by half over the next 35 years and entirely by 2080 with the International Maritime Organization taking the lead.

Among the measures ITF suggested was a carbon tax for shipping set at about $25 per tonne of CO2, the receipts of which could feed into the Green Climate Fund.

ITF’s recommendations come just ahead of next month’s COP 21, the United Nations climate change summit in Paris where shipping could be under the spotlight.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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2 Comments

  1. Avatar
    Thomas Timlen
    October 13, 2015 at 9:04 am

    It will be interesting to see if the impact of COP 21 on shipping will surpass the impact of COP15.

  2. Sam Chambers
    Sam Chambers
    October 13, 2015 at 11:17 am

    Hmmmm …. yr comments Mr Timlen often lead to me think they are worth expanding upon for another Splash article …