In recent weeks, the European Union has voted in favor of including shipping in its carbon emissions trading system (ETS). The proposal will be addressed in a plenary vote and by the EU’s lawmaking bodies in February, despite concerns from the shipping industry that such a unilateral move by the EU would distort world trade. The proposal follows a 2015 study by the European Parliament that estimates that international aviation and maritime transport will together contribute to 40% of global carbon emissions in 2050. Notably, despite their significant emissions contributions, neither shipping nor aviation is included in the Paris Agreement. For the full story on EU’s proposal, see http://uk.reuters.com/article/us-climate-shipping-eu-idUKKBN14A15T. For the European Parliament study, seehttp://www.europarl.europa.eu/RegData/etudes/STUD/2015/569964/IPOL_STU(…;