Global Emissions Levy for Shipping Industry
The United Nations shipping agency concluded talks in London with majority support for a global emissions levy for the shipping industry, aiming to reduce carbon emissions. The policy is expected to be adopted next year and will help fund a transition to cleaner energy sources.
Key Points
- 34 countries expressed support for a universal greenhouse gas price
- Proposal includes a levy of $150 per ton of carbon
- Aims to reduce shipping emissions by 30% by 2030 and achieve net zero by mid-century
Pros
- Reduction of carbon emissions in the shipping industry
- Support for a transition to cleaner energy sources
- Expected adoption of the policy next year
Cons
- Potential opposition from a small minority seeking to weaken the proposal