Why we need a pollution price for shipping

The document advocates for a pollution price for shipping to complement the International Maritime Organisation's (IMO) goal of cutting emissions by 50% below 2008 levels by 2050. It highlights that shipping accounts for over 2% of global emissions and suggests that carbon pricing would incentivise the use of renewable fuels, incorporate environmental costs into shipowners' decisions, and generate revenue to support least developed and developing countries.

• The International Maritime Organisation (IMO) has set a target to reduce ship emissions by 50% compared to 2008 levels by the year 2050, with a further goal to eventually phase them out entirely.
• Shipping currently contributes more than 2% of global emissions, a figure that could increase to 20% by 2050 if no action is taken. The OECD suggests that the industry could achieve near-full decarbonisation by 2035 using current technologies.
• Implementing a carbon price would incentivise the adoption of renewable fuels and operational changes, force shipowners to internalise pollution costs, allow investors to account for climate risks, and create revenue to assist least developed countries or support renewable marine fuel production in developing nations.

APA

Perlman, K. (2018). Why we need a pollution price for shipping. Carbon Market Watch. https://carbonmarketwatch.org/2018/04/25/why-we-need-a-pollution-price-for-shipping/

Chicago

Perlman, Kelsey. Why we need a pollution price for shipping. Carbon Market Watch, 2018. https://carbonmarketwatch.org/2018/04/25/why-we-need-a-pollution-price-for-shipping/.

Wikipedia

{{cite press release |last1=Perlman |first1=Kelsey |title=Why we need a pollution price for shipping |publisher=Carbon Market Watch |date=25 April 2018 |url=https://carbonmarketwatch.org/2018/04/25/why-we-need-a-pollution-price-for-shipping/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{perlman2018why, author = {Perlman, Kelsey}, title = {{Why we need a pollution price for shipping}}, publisher = {Carbon Market Watch}, year = {2018}, month = apr, url = {https://carbonmarketwatch.org/2018/04/25/why-we-need-a-pollution-price-for-shipping/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }