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World Business Report: First broadcast 23/06/2023 21:32 GMT : Shipping emissions tax drifting in port

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Shipping emissions tax drifting in port

First broadcast 23/06/2023 21:32 GMT 

First broadcast 23/06/2023 21:32 GMT : Shipping emissions tax drifting in port

BBC World Service - World Business Report, Shipping emissions tax drifting in port

Some countries thinks it is an interesting proposal but needs to be fleshed out more

An attempt by France to win support for a global carbon tax on the shipping industry has failed.

An attempt by the French president to win support for a global carbon tax on the shipping industry has failed. 

Addressing a summit for a New Global Financing Pact, Emmanuel Macron said the shipping industry was responsible for more than two percent of the world's greenhouse gas emissions, and should contribute to efforts to cut them, including through taxes.  

He acknowledged that such a tax would only work if China, the United States and other European nations with stakes in the shipping industry joined forces.

(Picture: President Macron Meets World Leaders Amid Financing Summit. Picture credit: Getty Images)

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First broadcast 23/06/2023 21:32 GMT : Shipping emissions tax drifting in port

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