IMO breakthrough on CO2 levy spurs optimism among carriers and NGOs

Industry stakeholders and NGOs describe meetings last week leading up to IMOs climate session in June as a breakthrough for a global CO2 levy considered the single most important tool to decarbonize shipping. ”A huge step forward,” says researcher Tristan Smith.

Photo: PR / IMO

The International Maritime Organization (IMO) seems to have made considerable progress towards a global levy on fossil fuels during the meetings in the so-called intersessional group which ended Friday.

The intersessional group is one of the sub groups which conduct meetings leading up to the regular sessions of the climate committee, the Marine Environment Protection Committee (MEPC), and the outcome is often regarded as a clear indicator of the results of the sessions, what will be put on the agenda and if the member states intend to support the items.

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