Containers are stacked aboard an LNG-powered ship at the port of Le Havre in France on January 21. The European Commission plans to include shipping in its emissions trading system. Photo: Bloomberg
Opinion
Opinion
The View
After Suez Canal crisis, EU’s bid to cut carbon emissions in shipping threatens Asia-Europe trade
- By extending its emissions trading system to shipping, the European Commission could unfairly tax intra-Asian trade and jeopardise multilateral efforts to reduce pollution
- Instead, the EU should support the industry’s US$5 billion R&D fund to finance a decarbonised global fleet
Containers are stacked aboard an LNG-powered ship at the port of Le Havre in France on January 21. The European Commission plans to include shipping in its emissions trading system. Photo: Bloomberg
