On January 10, a group of over 240 shipping executives attended seminar in Shanghai on "Contributing to the China Solution to Cross the Carbon Threshold."The aim was to further build consensus on
On January 10, a group of over 240 shipping executives attended seminar in Shanghai on "Contributing to the China Solution to Cross the Carbon Threshold."
The aim was to further build consensus on industry development needed to respond to the challenges brought by the new EU shipping carbon tax fuel regulations.
Zhang Yong, deputy general manager of COSCO Shipping Group, shared four suggestions: first, focus on responsible investment and strive to increase low-carbon increments; second, focus on transformation finance and strive to activate high-carbon stocks; third, focus on technology upgrades and strive to improve the quality of development; fourth, focus on incentive compatibility and strive to improve the efficiency of the global shipping industry.
He believes that it is necessary to scientifically evaluate the effectiveness of emission reduction policies of all parties in accordance with the "Kaldor-Hicks compensation principle". Only when international macroeconomic policies and national regulations are coupled, and the overall social benefits are greater than the losses and compensation can be achieved, can the resource allocation between the world, regions and industries be ensured to be efficient and sustainable.
Li Guanyu, Deputy Director of the International Cooperation Department of the Ministry of Transport, believes that 2025 is a
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