Analysis - Pricing the emissions of the international shipping industry could raise $100 billion/yr.
climate-resilientbetween 2020 and 2030 . African governments can barely cover 10% of this total. At least 77% of the greenhouse gas emissions reductions envisaged by African NDCs are conditional on international support.
The result has been huge shortfalls in what is needed. In 2020, for instance, annual climate finance flows in Africa - from domestic and international sources - amounted to just It is in this context that a proposal to tax GHG emissions from the international shipping industry is advancing at the UN's International Maritime Organization in their vessels to improve fuel efficiency and upgrade to low- andof the continent's roads and bridges in the face of increasing risks. On average, an African country incurs costs ofAll in all, the proposed pricing of emissions from global shipping bears ample opportunities to accelerate climate-resilient development in Africa.
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