
When the European Union readied its Emissions Trading System a decade ago, the idea was to include sea and air transport in the scheme – for all ships and planes entering EU territory. But after an outcry from non-EU countries, Brussels said it would back off as long as the international organizations overseeing sea and air transport came up with a global climate solution.
Experts say that shipping emissions need to be reduced by at least 70 percent by that time to meet the headline goal of the Paris Agreement – limiting global temperature rise to no more than 1.5°C by 2050. Read More