Charities press for new shipping tax

Published on Tuesday, 13 September 2011 16:42
Posted by Scott Buckler

Shipping emissions would be substantially reduced by imposing a carbon price of $25 per tonne on bunker fuel.The call has been issued by Oxfam and the World Wide Fund for Nature (WWF), which have produced a study on the issue indicating that it should be a key focus of the forthcoming UN climate change conference in Durban

 

According to the report by the two organisations, the European Union (EU) could broker a deal at the South African gathering of delegates that would benefit both rich and poor nations alike and generate funds to assist global efforts to tackle climate change.

The charities also stated that a meeting of EU ministers next month will play a crucial role in combating shipping emissions, which account for around three per cent of the total generated worldwide.

WWF head of climate and energy policy at the body's European Policy Office, Jason Anderson, commented: "A mechanism to address shipping emissions and at the same time provide financing for developing countries should be one of the pillars of a strong package of outcomes."

A recent study by the Organisation for Economic Co-operation and Development indicated that the trade facilitation with the most significant impact on volumes and costs include advance rulings, formalities, inter-agency cooperation and information availability.

Source: CILT UK

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