Pressure mounts on international shipping industry to accept a levy on its emissions

In a report by the Guardian, pressure is growing on the international shipping industry to accept a carbon levy on ships that would fund climate action in the developing world, with the World Bank among those pushing for the measure at a crucial international meeting this week, the Guardian has learned. A levy on the GHG emissions produced from shipping would encourage companies to upgrade their fleets, run them more efficiently, and seek cleaner fuels and technologies. Shipping accounts for more than 3% of global carbon emissions, but is regarded as one of the hardest sectors to decarbonise, as ships run on heavy, dirty, high-carbon fuel oil.

African Climate Wire Newsletter

Sign up to our newsletter and get updates to your email.