If shipping is to achieve its goal of reducing CO2 emissions by 2050, it's not enough to impose a tax on fossil fuels or to demand higher ship efficiency. It's also not enough to introduce a quota system like the one the EU is working on.
To truly make a difference, ships must become significantly more efficient and thus emit less CO2 in combination with a global CO2 quota system implemented by the UN's International Maritime Organization (IMO), reads a proposal to be discussed preceding the defining meeting in the IMO's Marine Environment Protection Committee (MEPC).
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