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Global shipping industry sticks with green investments, despite carbon price delay
Enes Tunagur & Jeslyn Lerh, Reuters Shipping & Ports
The shipping industry's biggest players are shrugging off Trump administration opposition to a global carbon price and are forging ahead with billions of dollars in emissions-reducing investments, according to company officials and a Reuters analysis of data.
Europe, Brazil and a host of other nations are pushing the sector, which is responsible for nearly 3% of the world's greenhouse gas emissions, to go green. But, in October, the U.S. and Saudi Arabia, the world's two largest oil producers, successfully spearheaded efforts to postpone by one year a decision on the International Maritime Organization's proposal of a $380-per-metric-ton levy.
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