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Pressure builds for charge on global shipping sector’s CO2 emissions

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Backers argue the policy could raise more than $80-billion a year in funding which could be reinvested to develop low-carbon shipping fuels and support poorer countries to transition

The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed.

Those countries are competing to win over the dozens of others – including most African nations – that diplomats say have yet to take a firm stance on the issue. The IMO takes decisions by consensus, but can also do so by majority support. Shipping, which transports around 90 per cent of world trade, accounts for nearly 3 per cent of the world’s carbon dioxide emissions – a share expected to expand in the coming decades without tougher anti-pollution measures.

Another submission – from the 27-country EU, Japan, Namibia, South Korea, industry group the International Chamber of Shipping and others – advocates combining a price on shipping emissions with a global emissions standard for maritime fuel.

 

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