UN proposal for shipping industry to pay ‘carbon’ fee on bunker fuel

In order to raise up to $100 billion by 2020 to aid developing nations in the adaption of climate change and emissions reduction, the United Nations has reportedly been presented with a draft document at the current climate treaty talks in Durban, South Africa that includes a proposal that such funds could, in part, be sourced from an extra “carbon” fee on bunker fuel.

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