The greens want cap-and-trade (aka “market-based mechanism”) while countries that value shipping trade are would rather stick with efficiency measures.
The greens want cap-and-trade (aka “market-based mechanism”) while countries that value shipping trade are would rather stick with efficiency measures.
There is no market-based mechanism for a commodity with no value, so any form of cap-and-trade is wealth destruction.
Shippers have every reason to increase value and one element of value is efficient use of resources. Timeliness is another element of value, though, which is why FedEx is a big success. That’s the market-based mechanism.