How much should shipping's carbon cost? ICS is focused on framework first

The proposal by the International Chamber of Shipping (ICS) to set a global greenhouse gas levy is silent on one key detail: how much the carbon emissions should cost.

After the proposal to the International Maritime Organization was announced on Monday, ICS deputy secretary general Simon Bennett told TradeWinds that the shipowner organisation was focused on putting forward the architecture of the carbon levy, to show how it could be set up as soon as possible.