Japan and South Korea reject EU emission regulations
Extending the EU carbon market to shipping could undermine global decarbonisation progress, fail to reduce emissions and distort trade
High-profile political pressure from two major shipping and shipbuilding states urging the European Commission not to include shipping in the EU Emissions Trading System marks the tide of growing concern regarding the direction of international carbon reduction regulatory talks. Japan is also urging the IMO to start work on market-based measures
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