Rocking the boat on shipping emissions

Carbon Market Watch criticises the IMO's slow progress on shipping emissions and the insufficiency of its 2030 energy efficiency targets. It highlights a growing coalition of countries and companies calling for zero emissions by 2050 and advocates for a strong market-based measure, specifically a carbon levy, to bridge the price gap between fossil and sustainable fuels and support climate justice.

• The IMO's agreement on climate measures up to 2030 is considered insufficient because the 1.5% annual energy efficiency increase target falls short of the 7% yearly improvement required for compatibility with the Paris Agreement, and it lacks an enforcement mechanism.
• A group of 14 countries, including the US, Panama, Denmark, France, Germany, the UK, and the Marshall Islands, have pledged to push the IMO toward a zero greenhouse gas (GHG) target for international shipping by 2050.
• The Clydebank Declaration, signed by 22 countries, aims to establish decarbonised green shipping corridors, with a goal of having six operational by the middle of the decade.
• Carbon Market Watch advocates for a market-based measure (MBM) in the form of a mandatory carbon levy, contrasting the ambitious $100 per tonne proposal from the Marshall and Solomon Islands against the International Maritime Research Board’s proposal of $0.70 per tonne.

APA

Stoefs, W. (2021). Rocking the boat on shipping emissions. Carbon Market Watch. https://carbonmarketwatch.org/2021/11/22/rocking-the-boat-on-shipping-emissions/

Chicago

Stoefs, Wijnand. Rocking the boat on shipping emissions. Carbon Market Watch, 2021. https://carbonmarketwatch.org/2021/11/22/rocking-the-boat-on-shipping-emissions/.

Wikipedia

{{cite press release |last1=Stoefs |first1=Wijnand |title=Rocking the boat on shipping emissions |publisher=Carbon Market Watch |date=22 November 2021 |url=https://carbonmarketwatch.org/2021/11/22/rocking-the-boat-on-shipping-emissions/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{stoefs2021rocking, author = {Stoefs, Wijnand}, title = {{Rocking the boat on shipping emissions}}, publisher = {Carbon Market Watch}, year = {2021}, month = nov, url = {https://carbonmarketwatch.org/2021/11/22/rocking-the-boat-on-shipping-emissions/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }