One thought on “Another Green Setback: US, EU backtrack on cap-and-trade to reduce shipping emissions”

  1. 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.

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