“The rich gazed at their superyachts, and decided they were not enough. The new breed of megayachts, which are at least 70 metres (230ft) in length, may be the most expensive moveable assets ever created.”
“First and foremost, owning a megayacht is the most polluting activity a single person can possibly engage in. Abramovich’s yachts emit more than 22,000 tonnes of carbon every year, which is more than some small countries. Even flying long-haul every day of the year, or air-conditioning a sprawling palace, would not get close to those emissions levels.
The bulk of these emissions happen whether or not a yacht actually travels anywhere. Simply owning one – or indeed building one – is an act of enormous climate vandalism.”
Better to turn them into artificial reefs if you see them
This is just a “feel bad” story rather than an actionable policy suggestion since, as the author acknowledges, regulating these yachts is going to be rather difficult because they can just sail somewhere else. Plenty of countries will welcome them in return for the economic activity associated with being a haven for the super-rich.
If the yachts already exist anyway and so the carbon footprint will be the same, it seems better for them to exist here where they put a lot of money into the local economy rather than somewhere else. I suppose that has to be weighted against the potential to discourage future yacht construction…
Too bad the ones with the gold (and the megayachts) make the rules.
I’m surprised I don’t hear more stories about them being targeted by pirates.
Its not like tax havens already exist, adding real havens to their offerings wouldn’t be the issue I guess.