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A global CO2 tax on shipping could be years into the future

The first concrete proposal for a global CO2 tax is in the works at the IMO, just as three of the world's major shipping organizations have turned on a dime and now call for a tax on emissions. Realistically, however, it will be several years before such a tax is introduced.

Lloyd's Register says IMO's new CO2 calculator penalizes efficiency

IMO's upcoming CO2 regulation for how to measure a ship's efficiency has become so politically sensitive that some classification societies decline to even comment on them. Meanwhile, Lloyd's Register does not hide the fact that there are difficulties with the AER calculator.

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