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Shipping gets off lightly in Cancun

Article-Shipping gets off lightly in Cancun

Shipping gets off lightly in Cancun

Cancun: The tetchy negotiations at the Climate Change Summit in Cancun, Mexico attended by 193 nations came to a close Saturday with shipping and aviation both off the hook.
Representatives agreed on a plan aimed at combating climate change, including a target to limit global warming and a fund to help developing nations tackle the effects of the crisis.
However, the deal that was reached at the Climate Change Summit in Cancun, Mexico, on Saturday does not set binding targets on reducing the so-called greenhouse gases that cause climate change.
The draft simply aims to work out a "global goal for substantially reducing global emissions by 2050".
The accord says that the conference "recognises that deep cuts in global greenhouse gas emissions are required according to science ... with a view to reducing global greenhouse gas emissions so as to hold the increase in global average temperatures below two degrees Celsius above pre-industrial levels".
A UN advisory panel had suggested placing levies of some kind on the fuel or emissions of airlines and shipping companies, but such a proposal was dropped during the negotiations. [13/12/10]

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