Countries agree on global shipping emissions tax – without the US
“Today will hopefully be remembered as a historic moment for our industry."
Countries have agreed on decarbonisation targets and a carbon tax for the shipping industry – with the US noticeably absent from the deal.
The agreement signed today in London at an International Marine Organisation (IMO) meeting is historic, making shipping the first industry to be mandated by international decarbonisation targets. Shipping emissions currently represent about 3% of the global carbon footprint, but are rising rapidly – with experts estimating that the sector could make up as much as 10% of global emissions by 2050.
