International Chamber of Shipping Sets out plans for Global Carbon Levy to Expedite Industry Decarbonisation

The global trade association for ship operators, the International Chamber of Shipping, (ICS) has put forward a comprehensive proposal for a global levy on carbon emissions from ships, in what would be a first for any industrial sector.

ICS, which represents the world’s national shipowner associations and more than 80% of the merchant fleet, presented a submission to the UN on Friday, calling for an internationally accepted market-based measure to accelerate the uptake and deployment of zero-carbon fuels.