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"starting in 2024 all shipping vessels going in and out of Europe will need to buy enough permits to cover 40% of their emissions, by 2026 it’ll be 100%." If w
by lastofthemojito 4y ago
"starting in 2024 all shipping vessels going in and out of Europe will need to buy enough permits to cover 40% of their emissions, by 2026 it’ll be 100%."
If we (the US) do the same, presumably we'd need a scheme to split the obligations from the permits, otherwise shipping companies will be subject to double (or more) taxation.
Of course any system like this will be gamed - maybe the long-haul cargo ships from China will unload outside of the EU, but close to Europe (Turkey? UK?), re-load the cargo on another ship and pay for the much smaller amount of emissions on that final journey.
- bombcar 4y agoIt'll be interesting to see how it's gamed, but that doesn't mean we shouldn't try - you will get things like this: https://www.youtube.com/watch?v=oP1Oq3JLNbc https://www.youtube.com/watch?v=oP1Oq3JLNbc but they can be corrected for later. One solution would be to switch the tax to a tariff on goods that can be avoided if you prove reduced carbon travel. So if your goods are from China, you get the 100% whatever it is, but if you can show that they travelled from China on whatever is considered acceptable, it drops to 20% or 0% or similar.