Mottley backs tax on shipping industry

Barbados is on board with a proposed tax on greenhouse gas (GHG) emissions by the shipping industry but wants any such levy to be capped.

This is because of the negative impact the imposition could have on inflation and the movement of goods, Prime Minister Mia Amor Mottley said recently.

There was no consensus on the issue at the recent Summit For A New Global Financing Pact in Paris, France, but Barbados was listed among about 23 countries and regional organisations said to be in support of the measure.

“There is a recognition that the shipping sector contributes significantly to greenhouse gas emission, but does not contribute any money whatsoever to mitigation or to adaptation,” the Prime Minister said. (SC)

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