The United Arabs Emirates Shipping Association, a representative body for UAE-based commercial shipping, is supporting the efforts of the UN, IMO, and UAE Ministry of Environment and Water and DMCA in advocating for a global and open verifiable emissions trading program. One of the challenges that face the marine industry is reconciling their global reach with local expectations. As of the last IMO Marine Environmental Protection Committee (MEPC) meeting there is no globally accepted or approved method or protocol to assign and include shipping in national or transnational carbon emissions reduction process. Al Ghurair added: “The carbon cost of carrying a ton of freight by ship is 10 times less than by road – and 100 times less than by air.
