Carbon price for shipping can unlock low carbon spend in developing economies, report says

Published 11:50 on April 4, 2022  /  Last updated at 05:02 on April 5, 2022  /  Climate Talks, International, Shipping  /  No Comments

The use of market-based measures such as carbon pricing for the shipping industry would generate annual revenue between $40-80 billion by 2050, enabling enough funds for the decarbonisation of the hard-to-abate sector while also providing a source of climate finance for less developed economies, according to a report from the World Bank.

The use of market-based measures such as carbon pricing for the shipping industry would generate annual revenue between $40-80 billion by 2050, enabling enough funds for the decarbonisation of the hard-to-abate sector while also providing a source of climate finance for less developed economies, according to a report from the World Bank.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.