$80 Billion Per Annum In Pollution Levies On The Table At IMO
The Republic of the Marshall Islands and the Solomon Islands lodged new submissions at the International Maritime Organization (IMO) this week, calling for greatly increased and 1.5 commensurate levels of ambition, commitment to an equitable global transition and for shipping to agree to a high price on GHG.
Wednesday 08 February 2023 | 18:30
Unlocking financing revenues for transitioning the domestic fleets to better and cleaner technologies is important.
The Republic of the Marshall Islands and the Solomon Islands lodged new submissions at the International Maritime Organization (IMO) this week, calling for greatly increased and 1.5 commensurate levels of ambition, commitment to an equitable global transition and for shipping to agree to a high price on GHG.
This is the largest and most ambitious carbon price call for any sector in the world.
The science and economics are clear, the transition requires a paradigm shift, but it is technically possible and achievable.
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Source: Micronesian Centre For Sustainable Transport
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