Shipping emissions could be halved without damaging trade, research finds

Findings come as nations gather in London to discuss new carbon levy

Greenhouse gas emissions from shipping could be halved by 2030 without damaging trade, new research has found, as countries prepare to meet to discuss a potential new tax on carbon produced by ships.

Emissions from maritime transportation amount to about 3% of global greenhouse gas emissions, and there are few alternatives to the cheap, heavy and dirty diesel oil used by ships.

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Superyacht sales surge prompts fresh calls for curbs on their emissions

Campaigners say a superyacht can produce 1,500 times more carbon than a typical family car, and the polluters should pay

The rising fortunes of the world’s billionaires during the pandemic helped fuel a record £5.3bn in superyacht sales last year, prompting calls for new curbs on their emissions.

New figures reveal that 887 superyachts were sold in 2021, an increase of more than 75% compared with the previous year. Yachting brokers say some of the demand has been from wealthy clients seeking a secure refuge from the pandemic.

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