May 8, 2021
The world has never had a global price on carbon. Instead, more than 60 emission trading systems and taxes have been stitched together by national governments pricing a ton of CO₂, anywhere from less than $1(Poland) to more than $120 (Sweden). A coordinated international carbon price has been stymied by bureaucracy, jurisdictional disputes, industry resistance, and worries over international competitiveness.
But the blockade on international carbon price appears to be finally coming to an end. One of the most ambitious proposals has come from one of the world’s smaller countries: the Republic of the Marshall Islands (RMI).
Since March, the tiny chain of volcanic islands in the Pacific Ocean has been advancing a proposal before the International Maritime Organization (IMO), the UN agency regulating the industry, to impose a $100 per ton tax on all greenhouse gas (GHG) emissions in the international shipping industry. By 2050, it calls for a complete phase-out of
The Fiji Times » Pacific plan on how to decarbonise global shipping by 2050 fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.
Albon Ishoda, Ambassador of the Republic of the Marshall Islands to Fiji.
Opinion - An effective way to achieve US Climate Envoy John Kerry s stated goal of decarbonising the global shipping industry is to make it cheaper to go green by the International Maritime Organisation introducing a greenhouse gas levy.
Photo: 123RF
Climate Envoy John Kerry announced yesterday that the US is committed to getting the global shipping industry to net zero emissions by 2050. This is a crucial step, but an uphill battle: shipping is one of the world s most polluting sectors.
If it were a country, it would be the sixth largest greenhouse gas polluter in the world.
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The Marshall Islands and Solomon Islands are calling for higher levies on Greenhouse Gas emissions by the shipping industry.
Proposals over the industry s evolving environmental rules are to be considered at the next meeting of the International Maritime Organisation s Marine Environment Protection Committee, in June.
Photo: RNZ / Nate McKinnon
The
Maritime Executive reports that the Marshall has renewed its criticism of the IMO, saying compromise measures being proposed do not meet the stated climate-related goals of the IMO, hence the urgent need for forceful action
Joined by the Solomon Islands, the Marshalls is calling for a mandatory US$100 per ton emissions levy to emphasise the goal of reducing carbonisation.