Member states of the International Maritime Organization (IMO) have agreed on the need to impose a carbon price on shipping emissions. The countries reached a consensus at the Intersessional Working Group meeting last week, marking a “significant breakthrough” in more than a decade.
Decarbonization measures on the table can be divided into two categories, including technical ones such as fuel standard, and economic ones like global carbon tax. This is expected to be discussed at the organization’s environmental committee meeting next month.
