European Parliament says shipping should initiate measures to curb emissions by the end of 2016

The EU and its member states must call for a 40% cut in greenhouse gas emissions by 2030 and scale up climate finance commitments at the COP21 UN climate talks in Paris, Parliament said on Wednesday. MEPs also say a share of revenues from the EU’s carbon market allowances should be earmarked for climate finance, and the aviation and shipping sectors should initiate measures to curb their emissions by the end of 2016.

‘We are facing the fight of the century. If we do not succeed in preventing global warming from exceeding 2 degrees C by the end of the century we will see many more droughts, floods, melting glaciers and the disappearance of more and more farm land. Climate change will also be a factor in increasing the migration problem,’ said Gilles Pargneaux (S&D, FR), who drew up the resolution, which was adopted by 434 votes to 96, with 52 abstentions.

‘The financial issue is and will be the cornerstone of an agreement in Paris. This is why we are calling for a clear roadmap from the member states so that we know how to finance the green fund from 2020. Fixing a carbon price at global level would also help to ensure that the least-polluting technologies are the most attractive to investors,’ added Mr. Pargneaux. [...]


HELLENIC SHIPPING NEWS

> Read the Article Back to all Industry News