How much should we be able to reduce the carbon emissions of the shipping industry by?



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    Although the shipping industry is not regulated under the Kyoto protocol, officials believe that the cap and trade program will work best to guarantee a reduction in carbon emissions. The program will naturally pose limits on shippers based on how many credits they are able or willing to buy. This should all lead to a reduction of carbon emissions by 20% by existing ships and 30% by new ships by 2012.

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