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Nearly 200 shipping companies called on major maritime nations to adopt the first global greenhouse gas (GHG) fee, aiming to cut the sector’s emissions. The appeal, from the Getting to Zero Coalition, comes ahead of the International Maritime Organization (IMO)’s London meeting (Oct.14-17).
The IMO, which regulates international shipping, targets net-zero maritime GHGs by around 2050. This April, its member states agreed on a framework: a minimum GHG fee for ships over thresholds and a standard to phase in cleaner fuels.
The upcoming meeting will decide if the rules take effect in 2027. If approved, they will apply to ships over 5,000 gross tonnage—accounting for 85% of the sector’s carbon emissions. A rejection would delay decarbonization and hurt global climate goals, per the Clean Shipping Coalition.
Backers include the International Chamber of Shipping (representing 80% of the global merchant fleet) and U.S.-based firms, which prefer a unified system over regional rules. The framework would give firms certainty to invest in clean tech.
