week’s Intersessional Working Group (ISWG) on Greenhouse Gases (GHG) ISWG-GHG
ahead of June’s gathering of the Marine Environment Protection Committee (MEPC)
at the International Maritime Organization (IMO) showed genuine progress on
pricing greenhouse gas emissions.
Delegates moved forward with a basket
of measures,both technical – a fuel standard – and a carbon levy
moved forward with a basket of measures that contains both technical – a fuel
standard – and market-based measures such as a carbon levy. Delegates from the
UK, New Zealand and the Bahamas spoke for the first time in favour of a carbon
pricing measure at the IMO. The meeting concluded that there was now consensus
to price GHG emissions at IMO. This is a major development – the concept of
market-based measures has been on the table at IMO for more than a decade and
often debated with large disagreements between member states.
was also general support for any of these future measures to be set on a
No doubt the IMO will put a carbon
price on international shipping.
O’Leary, from the NGO Opportunity Green, commented: “It has been a long time
coming, but there can finally be no doubt the IMO will put a carbon price on
international shipping. But with our window of opportunity to act on climate
change closing fast, as shown by the latest IPCC report, countries must move to
June’s MEPC 78 negotiations with a sense of ambition, equity and urgency. Any
carbon price agreed at the IMO must be high enough to transition the sector to
zero-emission fuels in line with the Paris Agreement, while providing crucial
support to developing, climate-vulnerable countries.”
week also saw the European Parliament press ahead with its own plans to include
shipping within the bloc’s emission trading scheme.