Shipping CO2 Controls To Raise Transport Costs
Shipping CO2 Controls To Raise Transport Costs UK: April 11, 2008 LONDON - The world's shipping industry plans to limit its growing carbon dioxide emissions by taxing marine fuels and signing up to a new climate change deal in moves likely to raise transport costs for raw materials. Experts say the measures, aired at an International Maritime Organisation (IMO) meeting on fuel pollutants in London last week and about a year away from being formally agreed, will be painful but are necessary in the fight against climate change.