Shipping Fuel Charges May Fund Climate Aid, UN Document Shows
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Charges on shipping fuels may be used to funnel money into a United Nations climate aid fund, according to a draft document published at international climate change treaty talks in Durban, South Africa.
The document proposes that “financial resources” raised by unspecified actions to be taken by the International Maritime Organization to cut bunker fuel emissions be channeled into both the UN’s mooted Green Climate Fund and into providing compensation to developing nations whose companies are affected by the extra shipping costs.