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Shipping braces for green tax after Paris talks
Published Tue, Nov 3, 2015 · 09:50 PM
London
THE shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse gas emissions likely.
Any tax - either a levy based on fuel use by diesel-driven ships or a market-based mechanism - would add to rising costs for the industry, which transports 90 per cent of world trade.
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