Shipping fires back at CO2 requirements

Proposals calling for shipping to pay higher CO2 tariffs than shore based industries in developed nations are both excessive and inappropriate, according to shipping association.

The International Chamber of Shipping (ICS) states that requirements for shipping to accept tariffs of USD 25 per ton CO2 emitted are excessive.

"This would be almost three times higher than the carbon price paid by shore based industries in developed nations," says the ICS in a statement as a response to a proposal by think tank International Transport Forum.

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