Major nations agree on first-ever global tax on greenhouse gases with plan that targets shipping
- Many of the world's largest shipping nations agreed to a global tax on greenhouse gas emissions, as stated by the International Maritime Organization .
- The agreement imposes a minimum fee of $100 per ton for emissions above set thresholds and is set to be implemented by 2027.
- Revenue from the fees is estimated at $10 billion annually, directed into the IMO's net zero fund to support green shipping technologies.
- Environmental groups called the deal 'groundbreaking,' but also noted that some aspects risk hindering the effective transition to decarbonization goals.
176 Articles
176 Articles
How petrostates succeeded in watering down the world’s plan to cut shipping emissions
The UN’s International Maritime Organization has just agreed to start charging ships for the greenhouse gases they emit. After decades of ineffective incremental tweaks to shipping emissions, the breakthrough came on April 11 at a summit in London. It makes shipping the first industry subject to a worldwide – and legally binding – emissions price. The positive spin is that getting any sort of deal is a major win for multilateral climate action, …
A ‘Google maps for the sea’, sails and alternative fuels: the technologies steering shipping towards lower emissions
Ships transport around 80% of the world’s cargo. From your food, to your car to your phone, chances are it got to you by sea. The vast majority of the world’s container ships burn fossil fuels, which is why 3% of global emissions come from shipping – slightly more than the 2.5% of emissions from […]
Norway tightens protection for its fjords
Big changes are coming to Norway’s legendary fjords – and they’re all about keeping these natural wonders as pristine as they look in the postcards. Starting 1 January 2026, only zero-emission passenger ships under 10,000 gross tonnes will be allowed to cruise through the country’s World Heritage fjords. It’s a bold move by the Norwegian government, aiming to reduce pollution and preserve the… Source
The Hidden Climate Costs of Exporting US Liquefied Natural Gas - Inside Climate News
An exclusive Inside Climate News analysis found that a single year of greenhouse gas emissions from tankers carrying LNG from the United States more than cancels out the annual reductions achieved through driving all the electric vehicles currently on U.S. roads.By Phil McKenna, Peter AldhousCAMERON, La.—For a ship the length of nearly three football fields, Energy Intelligence seemed to turn on a dime. With tugboats pushing and pulling at its b…
Why the shipping industry’s new carbon tax is a big deal — and still not enough
Each year, all the cargo ships that crisscross the oceans carrying cars, building materials, food, and other goods emit about 3 percent of the world’s climate pollution. That’s about as much as the aviation sector Driving down those emissions is complicated. Unlike, say, electricity generation, which happens within a nation’s borders, shipping is by definition global, so it takes international cooperation to decarbonize. The International Mariti…
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