Pressure grows on shipping industry to accept carbon levy

World Bank among those urging levy to fund climate action in developing world and encourage fleets to upgradePressure is growing on the international shipping industry to accept a carbon levy on ships that would fund climate action in the developing world, with the World Bank among those pushing for the measure at a crucial international meeting this week, the Guardian has learned.A levy on the greenhouse gas emissions produced from shipping would encourage companies to upgrade their fleets, run them more efficiently and seek cleaner fuels and technologies. Continue reading...