Two weeks of talks at the United Nations shipping agency concluded in London on Friday, with a clear majority of countries emerging in favor of introducing the world’s first-ever global emissions levy.
The International Maritime Organization held its latest round of negotiations to discuss how to move forward on the climate regulation of the shipping industry, which accounts for around 3% of global carbon emissions.
Thirty-four countries from high- and low-income states expressed backing a universal greenhouse gas price, reflecting a significant upswing in support from the last round of talks in 2023.
Campaigners attributed building momentum for the policy to support from Caribbean Island states and said it now appeared likely that the measure would be adopted by the IMO next year.The latest round of talks marked the first convention of the IMO since maritime nations agreed on a new greenhouse gas strategy in July last year.The revised policy, backed by […]
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