Shipping and aviation carbon pricing could finance $100bn climate fund

Will Nichols
clock

European finance ministers say new levies could help drive global carbon-cutting efforts

EU finance ministers have proposed that a system of carbon pricing for the shipping and aviation industries could pay for the $100bn a year climate fund agreed at last year's Cancun summit. In a statement...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Shipping

DP World extends 'world first' container port carbon inset scheme

DP World extends 'world first' container port carbon inset scheme

Incentive scheme extended through to the end of the year, after more than 150,000 containers registered to take part

Stuart Stone
clock 19 May 2025 • 3 min read
IMO agrees 'landmark' binding targets for global shipping emissions

IMO agrees 'landmark' binding targets for global shipping emissions

However, the agreed policy package has been widely criticised by nations and environmental groups as deeply underpowered in the face of shipping’s sizeable climate impacts

Michael Holder
clock 11 April 2025 • 6 min read
Viking to launch 'world's first' hydrogen-powered, zero emission cruise ship

Viking to launch 'world's first' hydrogen-powered, zero emission cruise ship

Cruise line Viking and Italian shipbuilder Fincantieri reveal plans for new zero emission ship, with agreements in place for two more to be delivered by 2031

clock 10 April 2025 • 2 min read