Climate Change & Carbon Markets
The global shipping industry is responsible for c.3% of all CO2 emissions, but to date it has not had to comply with any carbon emissions limits and does not come under existing international carbon legislations (such as the Kyoto Protocol). This is anticipated to change as early as end of 2011 with carbon policy proposals for a levy on bunker fuel (as advised by the UN Advisory Group for Climate Change Finance), the suggested inclusion of the sector in the EU’s emissions trading system (ETS) and measures to cut global shipping emissions put forward by the International Marine Organisation (IMO).
Is the industry ready to act?
Socrates Leptos-Bourgi, Global Shipping & Ports Leader
+30 210 6874630