Global trading scheme devised for ships and planes
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Loading ...A UK economist has devised a Global Emissions Trading Scheme to cut emissions from the carbon-hungry shipping and aviation industries.
Dr Terry Barker, of the University of Cambridge and the Tyndall Centre for Climate Change, said the 100% auctioning scheme would aim to reduce the two sectors’ emissions to net zero by 2052.
The Global Emissions Trading Scheme (GETS) is intended to cover international flights, but national governments would be encouraged to develop their own schemes to curb emissions from internal flights.
Revenues from auctioning would be used to fund climate change mitigation policies.
Source: Edie
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