UN approves global emissions fee for shipping

Shipping accounts for roughly 3 per cent of the world’s total greenhouse gas emissions – about the same as Germany or Japan. The Paris climate agreement, which lays down climate targets for the entire world, did not include mechanisms to control emissions from shipping. Countries have agreed to put a price on emissions from international shipping, one of the world’s biggest and most polluting industries. The decision, made at the United Nations’ shipping talks in London on Friday, marks the first time an entire global sector will be subjected to an international carbon pricing mechanism.Because it crosses borders and operates beyond the jurisdiction of individual nations, it has long been difficult to regulate. So the agreement is being seen as a historic step. Do you think that UN is doing too little to cut the emissions ?