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
Image: IMO
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 passed by a simple majority of 57 countries with 49 opposed who sought to continue with a deal.
The International Chamber of Shipping, which has long advocated such a measure, the NZF being only the latest incarnation, released this statement:
“The framework would have created the first global carbon pricing mechanism for any industrial sector with the aim of delivering a clear path for shipping’s transition to net zero.”
Thomas A. Kazakos, ICS Secretary General, said: “We are disappointed that member states have not been able to agree a way forward at this meeting. Industry needs clarity to be able to make the investments needed to decarbonise the maritime sector, in line with the goals set
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