Choppy seas for shipping’s carbon scheme accord

Drydock ship

Calls to implement a carbon emissions trading scheme (ETS) for global shipping are growing ahead of the International Maratime Organization’s (IMO’s) next scheduled meeting in September, stoked by fears that proposed regional schemes would be disastrous for the sector.

Bringing shipping under an emissions reduction scheme was pledged in the Kyoto Protocol but didn’t feature in the Copenhagen talks in December last year. Although the subject was discussed at the IMO’s environment committee meetin