BIMCO: EU Emission Trading Scheme will inhibit global CO2 reductions

BIMCO is concerned that the inclusion of shipping in the EU Emissions Trading Scheme (ETS) will inhibit global action on reducing CO2 emissions. “If the EU implements a regional ETS, shipping risks getting hit by multiple emission trading systems which will make a global ETS much more difficult to achieve,” says David Loosley, BIMCO Secretary …