The industry and governments’ maritime ministries want a proposed levy on emissions spent on cleaning up shipping, not used for wider climate goals like loss and damage
A levy on shipping emissions will be discussed by governments at IMO talks this month, with climate-vulnerable nations seeking funding from the industry
Oil and gas companies like Shell, BP and Equinor were represented at shipping climate talks
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Climate vulnerable Pacific islands struck a deal with emerging economies worried about the targets’ impact on economic development
Despite a strong push from Pacific islands, the latest draft does not improve on targets criticised as not ambitious enough
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Brazil, Argentina and others have opposed a levy on global shipping emissions at behind-closed-door talks in London
The US’s treasury secretary would not commit to backing a shipping tax and the US was not on a list of 22 countries who support the measure.
Campaigners said the UAE’s opposition to zero emissions by 2050 was “alarming” given the country will host Cop28 climate talks in December
Nigeria, Chile and Vietnam are among countries now backing a stronger climate goal for international shipping, but cost concerns remain
After a decade of talks, there is consensus at the International Maritime Organization to put a price on shipping emissions – the next question is how high
At the International Maritime Organization (IMO) meeting, countries urged ship operators to switch to cleaner fuels in Arctic waters
While the US, Japan and Panama backed setting a zero carbon shipping goal for 2050, emerging economies said rich countries needed to go first and provide finance
Switching to cleaner shipping fuel would prevent Arctic warming and deliver an easy win for the climate
Ship efficiency measures backed by a broad coalition of 14 countries will fail to reduce emissions in line with industry and Paris climate goals, campaigners warn
A proposed $500 million annual fund for climate innovation in shipping is welcome, but falls far short of a strategy to cut rising emissions
Business interests dominate at the International Maritime Organization, analysis shows, steering it towards weak greenhouse gas emissions rules