IMO Member States Move Nearer to Adopting a Carbon Levy

Last week’s Intersessional Working Group (ISWG) on Greenhouse Gases (GHG) ISWG-GHG ahead of June’s gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization (IMO) showed genuine progress on pricing greenhouse gas emissions.

Delegates moved forward with a basket of measures that contains both technical – a fuel standard – and market-based measures such as a carbon levy.

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