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News

Carbon tax possible for China’s shipping industry

25 October 2012
The Ministry of Transport is considering piloting carbon trading or a carbon tax in China’s shipping business, Economic Information Daily reported.

The final plan has yet to be drawn up, but the measures are likely to include slowing down the speed of ships, according to the newspaper.

Zhang Shouguo, deputy president of the China Shipowners' Association, was reported as saying that, if a carbon tax is levied, some weak shipping companies will not survive as shipping prices in China are already below cost.

     
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