The aim of the meeting is to agree ambitious emission reduction targets and consider a tax on pollution by the sector. Read more at straitstimes.com.
Nations are under pressure to agree ambitious emission reduction targets and consider a tax on pollution by the sector at a key meeting of the International Maritime Organization . Shipping belches out roughly the same level of greenhouse gases as aviation.
“This is why the Pacific has been consistently pressing for the highest possible ambition in climate regulation.”Shipping, which is responsible for around three per cent of global greenhouse gas emissions, is judged to be off course in the fight against climate change.
A briefing note circulated by China, seen by AFP, framed the proposals as “unrealistic” and an effort by developed countries to boost their economic competitiveness by increasing shipping costs.A ‘no-brainer’ “It should be a no-brainer to bring the IMO targets in line with those of the Paris Agreement,” he said. “We simply can’t afford any other less ambitious path.”
Observers say that while some countries are on the fence, the United Arab Emirates – which will this year host the UN COP28 climate conference – has swung in support of the goal of net zero by 2050. That has raised hopes of an agreement on the issue.But a potential deal on another flagship proposal – to introduce a global levy on shipping emissions – is going to be a harder sell.
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