World News
Environmental Groups Continue Push For Global Shipping Emission Caps
Environmental groups are continuing a push to have emission targets placed on the shipping sector, having announced in a statement that Members in the European Parliament (MEPs) have also voted in favour of such a move at the Paris climate summit later this year.
World leaders are expected to settle on a global climate deal in December, with one large aspect being a potential emissions cap on both the shipping and aviation sectors.
Environmental activist group Transport & Environment (T&E) said that European Parliament had agreed that it would be odd for the shipping sector to be exempt from limits when countries must adhere to targets.
"The Parliament has sent a clear message to the EU and all negotiators at Paris; the aviation and shipping sectors need emissions reduction targets too, so there is no reasonable excuse to continue exempting them," said Sotiris Raptis, shipping policy officer at T&E.
"You just can't have a global deal to combat climate change without capping the growing emissions from international aviation and shipping, which have CO2 emissions equal to those of the UK and Germany respectively."
T&E has been vocal about the idea of emissions targets in recent months, though the International Maritime Organization has appeared to disagree.
Last month, Ship & Bunker reported that IMO Secretary-General Koji Sekimizu had urged world leaders to decide against a cap because of the risk it would pose to the shipping economy.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 655.50 | 2.00 | 808.50 | 4.50 |
| Rotterdam | 619.00 | 0.00 | 789.00 | 8.00 |
| Houston | 628.50 | 7.50 | 812.50 | 1.50 |
| Fujairah | 653.50 | 4.50 | 900.00 | 2.50 |
| Global 20 Ports Average | 672.00 | 0.50 | 885.00 | 7.00 |
| Global 4 Ports Average | 639.00 | 2.50 | 827.50 | 2.00 |
| Global Average Bunker Price | 727.50 | 1.50 | 933.50 | 5.00 |
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