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IMO eyes carbon tax on shipping by 2027
The United Nations International Maritime Organization (IMO) is contemplating a greenhouse gas emission tax on the maritime industry from 2027, potentially marking the first global sector to face a mandatory carbon fee. This tax aims to address the industry’s significant contribution to global emissions and could drive the adoption of eco-friendly practices among shipowners. The potential revenue of US$100 billion annually may also aid developing nations in combating climate change. Despite uncertainties surrounding the tax’s implementation and impact, IMO Secretary-General Arsenio Dominguez is resolute about establishing a pricing mechanism.2024/03/26 17:50