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Category: Carbon Tax

  • What will happen to IMO’s NZF carbon tax proposal the next time around?

    What will happen to IMO’s NZF carbon tax proposal the next time around? Following last year’s failure of IMO’s MEPC to adopt the “Net Zero Framework for Shipping” (NZF) carbon tax proposal, the issue comes up for consideration again in November. IMO’s MEPC fails to adopt NZF carbon tax proposal A new insight brief written…

  • IMO’s MEPC fails to adopt NZF carbon tax proposal

    IMO’s MEPC fails to adopt NZF carbon tax proposal Efforts to get IMO’s Marine Environment Committee to agree a carbon tax on shipping through a “Net Zero Framework for Shipping” (NZF) have failed. Reuters reports that, after days of disagreements, Saudi Arabia tabled a motion on Friday to defer discussions for one year, which was…

  • Stage set for EU-U.S. confrontation on IMO NZF

    Stage set for EU-U.S. confrontation on IMO NZF This week, IMO’s Marine Environment Protection Committee is holding an extraordinary session of to consider adoption of the proposed carbon tax on shipping that IMO calls the “Net Zero Framework” (NZF). The session looks set to be contentious, to say the least. In a brief statement released…

  • Cracks in industry support for IMO “Net Zero Framework” carbon tax start to show

    Cracks in industry support for IMO “Net Zero Framework” carbon tax start to show The International Maritime Organization’s Marine Environment Protection Committee will hold an extraordinary session next week (October 14-17) to consider adoption of what IMO calls the “Net Zero Framework” (NZF). It’s actually what U.S, Secretary of State Marco Rubio, Secretary of Commerce…

  • Pushback against IMO carbon tax plans grows

    Pushback against IMO carbon tax plans grows Opposition to efforts at IMO to impose what is effectively a global carbon tax on shipping through its net zero framework are growing, with classification society ABS Chairman and CEO Christopher J. Wiernicki today saying that “shipping and the IMO are on different trajectories” The proposals for the…

  • Ocean shipping carbon tax could gouge US consumers, say opponents 

    Ocean shipping carbon tax could gouge US consumers, say opponents  Government representatives are meeting this week to finalize the first-ever global carbon tax on ocean shipping emissions in a move that opponents say could disproportionately hit American consumers. The initiative is being driven by the International Maritime Organization, which regulates global shipping, following a 2023…

  • 47 governments, shipping industry propose text for IMO carbon tax

    47 governments, shipping industry propose text for IMO carbon tax The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the United Nations’ International Maritime Organization (IMO) to adopt a maritime greenhouse gas (GHG) emissions pricing mechanism for international shipping. The post 47 governments,…