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Summary and key findings insummary:"conflict of interest"
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  • The submission by CSC to the IMO's 77th session argues for a robust carbon pricing mechanism for international shipping that avoids offsets and exemptions. It proposes a high carbon price—potentially $400/tonne or more in this decade—to bridge the gap between fossil and zero-carbon fuels and drive rapid decarbonization. The document emphasizes that revenues should be used for climate rebates to vulnerable nations, such as low-income small island developing States (SIDS), and for investing in zero-emission infrastructure. It further asserts that global IMO measures must not undermine more ambitious regional regulations, such as the EU's plan to include shipping in the EU ETS.

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    Themes: carbon pricegreenhouse gas emissionsclimate financecarbon offset
    Carbon Market Watch

    Document type: Statement

    Regions: World
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