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 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
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
Esben Poulsson
Opinion

Opinion

The View by Esben Poulsson

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

Esben Poulsson
Esben Poulsson

Updated: 4:36pm, 1 Apr, 2021

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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 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
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
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Esben Poulsson

Esben Poulsson

Esben Poulsson is chairman of the International Chamber of Shipping.