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

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  / Peter Kiernan /  Climate Talks, International, Shipping

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.


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