'Strong signal': Is the global shipping industry en route to agreeing a first global carbon price?

Michael Holder
clock • 7 min read
Credit: IMO
Image:

Credit: IMO

International Maritime Organisation agrees draft outline of potential measures that would price greenhouse gas emissions from shipping - but divisions over the route forward remain

Hopes of establishing legally-binding rules that would set a global carbon price for the shipping industry and mandate the use of a growing share of green fuel across the sector have taken a tentative...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Shipping

IMO agrees 'landmark' binding targets for global shipping emissions

IMO agrees 'landmark' binding targets for global shipping emissions

However, the agreed policy package has been widely criticised by nations and environmental groups as deeply underpowered in the face of shipping’s sizeable climate impacts

Michael Holder
clock 11 April 2025 • 6 min read
Viking to launch 'world's first' hydrogen-powered, zero emission cruise ship

Viking to launch 'world's first' hydrogen-powered, zero emission cruise ship

Cruise line Viking and Italian shipbuilder Fincantieri reveal plans for new zero emission ship, with agreements in place for two more to be delivered by 2031

clock 10 April 2025 • 2 min read
'Major milestone': Union Maritime's first wind-assisted tanker sets sail for Singapore

'Major milestone': Union Maritime's first wind-assisted tanker sets sail for Singapore

New ship is first of 34 vessels which the UK shipowner is planning to fit with rotor sails in a bid to deliver sizeable fuel and emissions savings

clock 09 April 2025 • 4 min read