The European Union is set to call for the fossil fuel industry to help pay for fighting climate change in poorer countries under a United Nations target, a draft document shows, as nations prepare for talks this year on a global finance goal.
Topic: REGULATIONS
Enough talk: Crunch time for IMO shipping measures to cut climate impacts
Ahead of next week’s meeting of the International Maritime Organization’s Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO, IWSG-GHG-16, March 11-15) and the subsequent Marine Environment Protection Committee (MEPC 81, March 18-22), the Clean Shipping Coalition is calling on the IMO to take action in three key areas.
IMO ponders new GHG policies, while shipping sector awaits low-carbon economic incentive
Global shipping regulators will soon have to decide whether and how to penalise the use of fossil fuel and whether and how to incentivise the use of greener fuel.
How a shipping carbon tax could help Africa build climate resilient trade
Pricing the emissions of the international shipping industry could raise $100 billion/yr.
Coatings evolution propelled by decarbonisation drive
ETS and IMO targets drive coatings developments for passenger ships.
IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table
The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some progress made on the finalisation of mid-term measures, and without a decisive shift in the landscape of positions and preferences. This meeting was the first convening of the IMO following the adoption of the Revised GHG Strategy in July 2023.
Pressure builds for charge on global shipping sector’s CO2 emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed.
Opposing teams line up for next week’s MEPC
The eighty-first session of the Marine Environment Protection Committee (MEPC) will take place next week where the focus will be on developing legally-binding measures to ensure last year’s milestone agreement to phase out greenhouse gases (GHG) from shipping by 2050 is made possible.
How a universal greenhouse gas price for shipping could future-proof global trade
IMO delegates should seize the opportunity next week at the 81st session of the Marine Environment Protection Committee.
Delegates doubt next week’s MEPC meeting will bring concrete results
Ahead of next week’s IMO climate meeting, there is far from consensus on which instruments are needed to reduce shipping’s climate footprint.