Shipping Industry Split on Emissions

Some international shipping companies have yet to agree on a target to reduce the industry’s carbon emissions

The Wall Street Journal

Dec. 15, 2015—Shipping groups remain divided over how to reduce carbon emissions after being left out of the climate-change pact reached over the weekend in Paris.

The landmark agreement between more than 190 nations sets targets to curb the release of greenhouse gases and sets a target global temperature. But adherence to the voluntary pact will be measured within each country’s borders, leaving out the ships and aircraft that carry goods around the world.

The International Maritime Organization (IMO), the shipping industry’s main regulatory body, says carriers will contribute to global carbon reduction, but stopped short of committing to formal targets. That doesn’t go far enough for some in the industry, who say carriers may face a series of varying regional regulations without a common global standard. International shipping accounts for 2.2 percent of man-made CO2 emissions, according to the IMO.

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