Keyword: MBM

A high carbon price in the form of a levy can have significant medium-term costs but stabilises as technology advances and redistribution of revenues offset the economic impacts, versus a fuel standard which minimises costs in the short-term but leads to increased costs in the long run.

With the growing momentum for the adoption of a global carbon levy on international shipping this year, the European Union’s proposal must go stronger on justice and equity.

The International Maritime Organization is nearing a deal to price shipping emissions – it should be in the form of a levy that benefits the Global South

Governments are expected to close in on key shipping climate laws-including a global carbon price-at the 18th intersessional meeting at the UN’s International Maritime Organization (IMO), on 17-21 February in London.

Countries are expected to close in on a global shipping levy at next week’s International Maritime Organization meeting in London.

The 6PAC+ Alliance, a coalition of Small Island Developing States (SIDS) from the Pacific, Africa, and the Caribbean, along with key allies, have arrived in London ready to drive ambitious climate action at the 18th session of the International Maritime Organization’s (IMO) Intersessional Working Group on Greenhouse Gas Emissions (ISWG-GHG 18).

Those supporting the deal hope it will raise billions to help poor countries deal with climate breakdown

Ahead of the next session of the Marine Environment Protection Committee (MEPC), scheduled to start at the end of September, proposals are pouring into the International Maritime Organization (IMO).

A charge on emissions for cargo vessels would become the first global carbon price, but disagreements on system design and starting prices remain