Connect with us

Air Pollution

Shipping Industry Proposes A Global Levy On Carbon Emissions From Ships To Speed Up Zero Carbon Future

The International Chamber of Shipping (ICS) and Intercargo jointly proposed a levy based on mandatory contributions by ships trading globally, exceeding 5,000 gross tonnage, for each tonne of carbon dioxide (CO2) emitted

Shipping Industry Proposes A Global Levy On Carbon Emissions From Ships To Speed Up Zero Carbon Future
Highlights
  • Global shipping sector is under growing pressure to get cleaner
  • About 90 per cent of world trade is transported by sea
  • Global shipping accounts for nearly 3% of the world's CO2 emissions

London: Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry’s efforts to go greener. With about 90 per cent of world trade transported by sea, global shipping accounts for nearly 3 per cent of the world’s CO2 emissions and the sector is under growing pressure to get cleaner. For the first time, the International Chamber of Shipping (ICS) and Intercargo jointly proposed a levy based on mandatory contributions by ships trading globally, exceeding 5,000 gross tonnage, for each tonne of CO2 emitted.

The money collected would go into a climate fund that would be used to deploy bunkering infrastructure in ports around the world to supply cleaner fuels such as hydrogen and ammonia, according to the proposal.

Also Read: Key Takeaways From The U.N. Panel’s Report That Raises Alarm, Says Time Running Out To Limit The Global Warming

What shipping needs is a truly global market-based measure like this that will reduce the price gap between zero-carbon fuels and conventional fuels, ICS Secretary General Guy Platten said.

The proposal was submitted on Friday to the UN’s shipping agency, the International Maritime Organization (IMO).

An IMO spokesperson said all proposals were welcome and would be up for discussion later this year, adding that “proposals on market-based measures are in line with the initial IMO GHG (greenhouse gas) strategy”.

The IMO will hold an intersessional working group meeting scheduled for late October, ahead of a late-November session of the Marine Environment Protection Committee, which will address issues including carbon-reduction efforts.

The European Commission in July proposed adding shipping to the bloc’s carbon market, targeting an industry that had for more than a decade avoided the EU’s system of pollution charges.

The ICS said “piecemeal” approaches such as the EU’s proposal would significantly complicate “the conduct of maritime trade”.

Also Read: Air Pollution Could Cut Life Expectancy By 9 Years In North India: US Study

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

NDTV – Dettol Banega Swasth India campaign is an extension of the five-year-old Banega Swachh India initiative helmed by Campaign Ambassador Amitabh Bachchan. It aims to spread awareness about critical health issues facing the country. In wake of the current COVID-19 pandemic, the need for WASH (WaterSanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign highlights the importance of nutrition and healthcare for women and children to prevent maternal and child mortality, fight malnutrition, stunting, wasting, anaemia and disease prevention through vaccines. Importance of programmes like Public Distribution System (PDS), Mid-day Meal Scheme, POSHAN Abhiyan and the role of Aganwadis and ASHA workers are also covered. Only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diahorrea and become a Swasth or healthy India. The campaign will continue to cover issues like air pollutionwaste managementplastic banmanual scavenging and sanitation workers and menstrual hygiene

Click to comment

Leave a Reply

Your email address will not be published.

Folk Music For A Swasth India

RajasthanDay” src=

Reckitt’s Commitment To A Better Future

Expert Blog

हिंदी में पड़े

Latest Posts