Instead of a meaningful carbon levy, the International Maritime Organisation (IMO) recently agreed on an inadequate hybrid scheme combining a fuel standard with weak carbon pricing. Despite its climate failings, IMO member states must strengthen this compromise against further efforts to water it down.
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.
CMW welcomes the proposed integration of the maritime sector into the UK Emissions Trading Scheme as of 2026.
This Carbon Market Watch policy briefing assesses and scores the various proposals of parties to the IMO to decarbonise the shipping industry
This Carbon Market Watch policy briefing assesses and scores the various proposals of parties to the IMO to decarbonise the shipping industry
This Carbon Market Watch policy briefing assesses and scores the various proposals of parties to the IMO to decarbonise the shipping industry
Based on a Carbon Market Watch position paper (CMW, 2021) on key principles and criteria that any market-based measure (MBM) agreed at IMO level needs to follow for it to be fair and effective in contributing to the decarbonisation of international shipping, CE Delft has elaborated on these principles and criteria for the development of the MTM tool.
Parties to the International Maritime Organisation are meeting in London to discuss various proposals to decarbonise the shipping sector. Carbon Market Watch gives our verdict over what’s on the table.
The EU’s Emissions Trading System (EU ETS) is being expanded to cover shipping. But what does this involve and what does it mean for the maritime sector?
Stay in touch and receive our monthly newsletter, campaign updates, event invites and more.
