Tag: carbon pricing

The World Shipping Council (WSC) points out that the IMO is on the cusp of striking the world’s first global carbon pricing deal.

Governments are expected to finalise talks on a global carbon price on international shipping, at a two-part summit of the IMO in London.

The latest round of negotiations, held during the IMO's Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18), marks an important step toward achieving the IMO's 2023 GHG Reduction Strategy. This strategy sets the ambitious goal of reducing emissions from ships, with mid-term measures expected to be adopted by 2025.

Following a week of intensive GHG negotiations at the IMO, ICS, emphasized the need for urgent progress ahead of the critical IMO MEPC 83 in April.

IBIA recognises that 2025 is a very significant year for the regulation of GHG emissions from international shipping. In line with the ISWG-GHG 18, IBIA has issued a statement concerning the adoption in 2025 of an economic measure by IMO as a maritime GHG emissions pricing mechanism.

A consortium of maritime organizations introduced the world’s first Carbon Insetting Program for Zero Emission Shipping.

The Nairobi Declaration, signed by 20 African countries last week at the Africa Climate Summit in Nairobi, calls for new global taxes to fund their climate change action and adaptation, a move that could dramatically shift the balance of country positions at the IMO.

Nothing can stop shipping paying for its carbon emissions, but the industry can plan for coming changes, writes Panos Koutsourakis, Vice President, Global Sustainability, ABS

In an exclusive interview to SAFETY4SEA, Mr. Øistein Jensen, Chief Sustainability Officer at Odfjell SE, explains how shipping can play its role to mitigate climate change, highlighting the importance of improving the energy efficiency of all shipping operations.

A new research report by ABS, explores in-depth the potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains.