The European Commission’s Sustainable Transport Investment Plan (STIP) is a promising step towards promoting cleaner fuels in aviation and maritime transport. However, directing revenue from the EU Emissions Trading System towards these sectors should go hand in hand with expanding the EU ETS to cover all shipping and aviation emissions.
This CMW study and associated briefing finds that the International Maritime Organisation’s stalled Net-Zero Framework has the potential to shave a mere tenth off the carbon footprint of shipping by 2030 compared with the 43% required by the Paris Agreement.
The International Maritime Organisation’s stalled Net-Zero Framework has the potential to shave a mere tenth off the carbon footprint of shipping by 2030, which is only a drop in the ocean of what the Paris Agreement requires, our latest study finds. Given the recent delay to the NZF and the framework’s weaknesses, it is up to individual countries and regional blocs to strengthen climate efforts
The International Maritime Organisation’s Net-Zero Framework is a necessary starting point but urgently needs greater ambition and binding revenue earmarking for decarbonisation and a just transition.
Instead of a meaningful carbon levy, the International Maritime Organisation (IMO) recently agreed on an inadequate hybrid scheme combining a fuel standard with weak carbon pricing. Despite its climate failings, IMO member states must strengthen this compromise against further efforts to water it down.
With the growing momentum for the adoption of a global carbon levy on international shipping this year, the European Union’s proposal must go stronger on justice and equity.
CMW welcomes the proposed integration of the maritime sector into the UK Emissions Trading Scheme as of 2026.
This Carbon Market Watch policy briefing assesses and scores the various proposals of parties to the IMO to decarbonise the shipping industry
This Carbon Market Watch policy briefing assesses and scores the various proposals of parties to the IMO to decarbonise the shipping industry
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