Tag: Levy

Environmental Defence Fund explains that food security and revenue redistribution offer a vital lens through which to address concerns about the potential impacts of a carbon pricing system within the International Maritime Organization (IMO).

According to Bloomberg, A.P. Moller-Maersk A/S expects the International Maritime Organization (IMO) to approve a charge on greenhouse gas emissions from ships as early as 2025.

Caribbean states have united to ensure the voices of Small Island Developing States (SIDS) are heard during this week’s high-level maritime decarbonization discussions at the International Maritime Organization (IMO).

The Environmental Defence Fund (EDF), has expressed its support for a shipping carbon levy, saying that it would serve as a key economic measure to incentivize the transition to clean shipping.

UK’s Environmental Audit Committee launched an inquiry into efforts to decarbonise civil aviation and shipping, two of the UK’s hardest to abate industries. 

A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition at sea, Christopher J. Wiernicki, ABS Chairman and CEO, said during CERAWeek.

In a recent LinkedIn post, Vincent Clerc, CEO, A.P. Moller - Maersk explained that stakeholders are at crossroads where they need one global direction for the industry with an ambitious agreement among IMO member states.

Ahead of the Marine Environment Protection Committee (MEPC 81, March 18-22), environmental NGOs are calling on the IMO to take action in reducing shipping emissions.

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.

Last week, the International Maritime Organization (IMO) agreed on a revised strategy which includes an ambition to reach net-zero GHG emissions from international shipping close to 2050. However, as ICS notes, a global levy on ship’s GHG emissions must now be adopted rapidly if the ambitious goals agreed are to remain plausible.