China sees shipping as a potential target for national carbon market
Talks about shipping being part of a country-wide carbon market are at an early stage, according to an official from the China Maritime Safety Administration. Studies are being conducted by the regulator on how to apply greenhouse gas emission cutting tools, including carbon trading and a differentiated carbon taxation scheme, to the maritime sector
The move comes against the backdrop of China’s pledge to decarbonise its economy and the pressing need at the international level for slashing vessel emissions