Carbon trading schemes won't solve the aviation and shipping industries' problem of soaring carbon emissions, a British climate scientist says, and the cuts needed to address global climate change are so deep that both sectors must limit their growth. Alice Bows' findings, presented during a climate conference at Exeter University , throw a shipping container full of cold water on the European Union's proposal to regulate shipping and aviation emissions through carbon trading. The researcher at Manchester University's Tyndall Centre for Climate Change says the scale of the problem is just too big. "They can't trade their way out of this problem,” Bows told the 150 climate experts at the conference, according to the Guardian . “At current rates of growth, they will be consuming a significant proportion of the world's carbon budget by 2050. It will be way more than their fair share and an amount that simply can't be traded away." Shipping and international aviation aren't included in the carbon trading program the EU has had in place since 2005, but they'll be forced to join in 2012. Every transportation company will be assigned an annual emissions ceiling. Those that exceed it must buy credits from a company that don't. Those that come in under the limit can sell the excess credits. But Bows says there aren't enough credits to go around and the aviation and shipping industries must curtail their growth in the coming decades. That ...
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Carbon trading schemes won't solve the aviation and shipping industries' problem of soaring carbon emissions, a British climate scientist says, and the cuts needed to address global climate change are so deep that both sectors must limit their growth. Alice Bows' findings, presented during a climate conference at Exeter University , throw a shipping container full of cold water on the European Union's proposal to regulate shipping and aviation emissions through carbon trading. The researcher at Manchester University's Tyndall Centre for Climate Change says the scale of the problem is just too big. "They can't trade their way out of this problem,” Bows told the 150 climate experts at the conference, according to the Guardian . “At current rates of growth, they will be consuming a significant proportion of the world's carbon budget by 2050. It will be way more than their fair share and an amount that simply can't be traded away." Shipping and international aviation aren't included in the carbon trading program the EU has had in place since 2005, but they'll be forced to join in 2012. Every transportation company will be assigned an annual emissions ceiling. Those that exceed it must buy credits from a company that don't. Those that come in under the limit can sell the excess credits. But Bows says there aren't enough credits to go around and the aviation and shipping industries must curtail their growth in the coming decades. That ...