The Japanese government has submitted a proposal to the International Maritime Organization (IMO) to impose a hefty carbon tax, adding to a growing list of possibilities for the regulator’s Marine Environment Protection Committee (MEPC) to consider at its next meeting.
The 78th meeting of the MEPC will take place from June 6 to 10. IMO member states will face new pressure to reduce carbon dioxide emissions from the shipping sector.
The IMO’s current goal for decarbonization calls for a 50% decrease by 2050. The organization has yet to settle on a concrete plan to meet this goal, although it has introduced a new fuel-efficiency reporting mechanism.
