Topic: SHIPPING

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).

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

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.

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

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.

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.