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US Resolute Against IMO Carbon Tax Proposal
The United States has maintained its position against the International Maritime Organization’s October vote to achieve net-zero greenhouse gas emissions from international shipping by 2050.
The framework would impose a carbon price of $380 USD per ton of CO2 equivalent for shipping in IMO countries, for ships that fail to meet targets beginning in 2028.
Dr. Tristan Smith, a professor in London who monitors IMO environmental legislation, said the U.S. could avoid the levy even if the framework is approved in October — by trading with counties that do not enforce IMO regulations.
“What is vital now,” said a spokesperson for the International Chamber of Shipping, “is that the IMO member states formally adopt the net-zero framework to give industry the certainty it needs to invest in the cleaner fuels and technologies that will enable us to meet the net zero targets already agreed by governments.”
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