Guy Platten, Secretary General of the International Chamber of Shipping, has released a statement ahead of the UN IMO Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) calling
Guy Platten, Secretary General of the International Chamber of Shipping, has released a statement ahead of the UN IMO Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) calling for a levy-based GHG pricing mechanism.
The key purpose of the mandatory GHG charge will be to reduce the cost gap between conventional marine fuels and zero/near-zero GHG emission fuels (such as green methanol, green methane including biomethane, green ammonia, green hydrogen, and certified biogenic marine fuels including the biogenic component of some biofuel blends) and, to incentivize the accelerated uptake of green energy sources.
“We are encouraged that there are now 51 co-sponsors, including the European Commission and ICS, of a joint submission which sets out fit for purpose text in support of a levy-based GHG pricing mechanism, with ships making annual contributions per tonne of CO2 equivalent emitted to a proposed IMO GHG Strategy Implementation Fund.
“It is clear that there is increasing recognition by governments that a levy-based fund and reward mechanism, complemented by an IMO fuel standard, is the best way forward. Next week will hold some difficult discussions as some Member States are not yet fully prepared to commit but the reality is
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