EU emissions trading move could spark wider trade conflicts, ICS warns
Preliminary comments from global shipowners’ body highlights ‘serious concern’ over potential for international political backlash against Brussels’ unilateral market measure, though potential damage to IMO remains top concern
If the European Commission pushes ahead with the inclusion of shipping into its Emissions Trading Scheme it will strike a blow to the authority of the International Maritime Organization and derail the efforts of IMO states to eliminate CO2 emissions from the industry globally, argues the International Chamber of Shipping