EU steps up pressure for maritime emissions deal

EU Finance Ministers agreed at the ECOFIN Council, Brussels, 17 May 2011 that: 'Carbon pricing of global aviation and maritime transportation have the potential to generate large financial flows.'

EU member states were steppingd up pressure for an international agreement to curb emissions from the maritime and aviation sectors, stressing that a system of carbon pricing for ships and planes would help capitalise a $100 billion climate fund.

EurActiv, 18.5.11: EU finance chiefs call for global air and maritime carbon market http://www.euractiv.com/climate-environment/ecofin-calls-global-air-maritime-carbon-market-news-504906

ESO: Background information: China joins US in battle against EU carbon rules for airlines http://www.europeansources.info/record/china-joins-us-in-battle-against-eu-carbon-rules-for-airlines/

ESO: Background information: Aviation and climate change http://www.europeansources.info/record/website-aviation-and-climate-change/

ESO: Background information: EU should not shy away from setting CO2-related targets for transport http://www.europeansources.info/record/the-eu-should-not-shy-away-from-setting-co2-related-targets-for-transport/

ESO: Background information: Reducing emissions from shipping: Commission's Joint Research Centre sets out some options http://www.europeansources.info/record/press-release-reducing-emissions-from-shipping-commissions-joint-research-centre-sets-out-some-options/

Council of the European Union: Press Release, 17.5.11: Council conclusions on key issues/ and next steps in international climate finance http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/en/ecofin/122061.pdf

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