Industry bodies and NGOs have endorsed a market approach to pollution from ships to be applied globally.

New deal on emissions in sight
The International Chamber of Shipping (ICS), World Wildlife Fund and Oxfam have agreed, in principle, that carbon emissions from shipping could be subjected to market-based measures as a way to curb greenhouse gases.

Peter Hinchliffe, ICS Secretary General, said: “It is in the best interests of both the environment and developing nations for shipping to be regulated via our industry regulator, the International Maritime Organization, with the same rules for carbon reduction applying to all internationally trading ships, but in a manner which respects the principles of the UN climate convention.”

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