United Nations Shipping Body approves the global carbon pricing system

London: Member states of the International Marine Organization have voted in favor of the global pricing system to help curb marine carbon emissions, the United Nations Shipping Body on Friday announced.
The IMO stated that since 2028, all ships would need to use low carbon-intensity fuel mixture or to face financial punishment.
The carbon pricing measure should now be formally adopted in an IMO assembly in October.
Most members – 63 states – voted for the carbon pricing system including the European Union, Brazil, China, India and Japan.
The sixteen states voted against the measure, including major oil producers Saudi Arabia, Russia and the United Arab Emirates.
The Pacific Island states avoided votes, which understood insufficient proposals to meet the decarbonation goals.
The United States did not participate in the vote, with a wave of environmental rollback by President Donald Trump, which includes carbon boundaries on power plants, security for telpipe emission standards, and waterways.
The agreement follows a week’s conversation in London to decide which mechanism to adopt to reach carbon neutrality in shipping by 2050.
Those who do not meet the guidelines will have to pay annually for every ton of greenhouse gas emissions which is more than the target set.
The IMO stated that raised funds will be used to “reward” zero or near-zero greenhouse gas emission technologies and to financially support developing countries for low emission shipping infections.
‘Groundbreaking Moment’
The nation of the islands in Pacific and Caribbean, especially weakened to the effects of climate change, support a more ambitious universal carbon levy on marine transport.
“We cannot support a result that does not even last a result that does not even have a agreeable strategy,” said Manasse Malanga, minister of Solomon Islands Infrastructure Development.
A French source told AFP that “ambition is not what we expected to be in terms of the trajectory, but it is more than that exists within the European structure”.
According to the IMO, global greenhouse accounts for approximately three percent of gas emissions.
Mark Luts, senior advisor to the World Wildlife Fund for Nature, said in a statement, “This is a groundbreaking moment for the shipping industry, indicating the twist of tide over greenhouse gases from global shipping.”
He said, “However, the major aspects of this agreement are reduced to what is needed and the risk to remove the risk,” he said.
The International Chamber of Shipping representing shipping and operators welcomed the fact that “governments have understood the need to catalyze and support investment in zero emission fuel”.
However, it expressed concern that “it may not yet be enough in providing the necessary certainty”.
“This is a structure on which we can build,” said this.
Constance Dijkstra, a policy manager of the Transport and Environment Lobby Group, said that there was not a switch response to biofuels, describing large -scale production of such energy “describing” very worrying for deforestation “, even though Brazil disagreed.
IMO member countries have also agreed to create a “control zone” in the Northeast Atlantic, which limits the most polluting marine fuel around the coasts of Western Europe, Iceland and Greenland.