Support for a global carbon tax or carbon trading scheme for the aviation and
shipping industry is gaining widespread support at Copenhagen.
If an agreement is reached the money generated could be used towards a £100bn
“climate aid” fund, to help developing nations deal with the effects of global
Times. It is estimated either a tax or carbon trading scheme could raise a
quarter of the climate aid fund.
The aviation industry is due to be included in the European Emissions Trading
Scheme (ETS) in 2012 with the shipping industry so far excluded.
Times reported the UK government would prefer a carbon trading scheme to a
tax, with the Tories keen to penalise polluters rather than dip into the public
Global leaders at Copenhagen will have to agree an international reduction in
emissions and the level of financial aid for developing nations, before
announcing how to raise the finance.
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