Nations preserve a plan to adopt a global fee on shipping emissions, but keep their options open
Maritime nations preserved a plan to adopt a global carbon fee on shipping, but agreed to continue discussing alternative proposals. The regulations would establish a pricing system for greenhouse gas emissions from ships.
The world's maritime nations met at the International Maritime Organization headquarters in London to discuss a plan to adopt a global carbon fee on shipping. They agreed to continue working on the 'Net-zero Framework' in the fall ahead of a potential vote. The framework outlines a pricing system that would impose fees on ships emitting greenhouse gases above allowable limits. The fees collected would go into an IMO fund to invest in green shipping technologies and support developing countries. The regulations aim to reduce shipping emissions, which have grown to about 3% of global total emissions. The meeting chairman assured that alternative proposals could still be considered in forthcoming meetings.
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