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The Low Carbon Economy Ltd

24 Sep 2009 01:09:17

Carbon trading scheme gets shipowners backing

Carbon trading scheme gets shipowners backing
The British Chamber of Shipping is backing a worldwide carbon trading scheme, despite the extra costs the initiative would bring to the industry.

New proposals announced by the group suggested that carbon offsetting is the most effective way for the shipping trade to reduce its emissions.

The shipping organisations of other countries, namely Australia, Sweden, Norway and Belgium, have also backed the project.

It is hoped that carbon trading can help stimulate the development of new technology in the shipping industry to deal with environmental issues such as pollution.

Jan Kopernicki, vice-president of the British Chamber of Shipping, noted that the sector needs to become more energy efficient.

Along with aviation, shipping is the only major industry that does not have greenhouse gas emissions targets set as part of the Kyoto protocol.

The British Chamber of Shipping recently welcomed a new Low Carbon Transport strategy set out by Lord Adonis, the transport secretary, in July.



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