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#imo

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“As for the framework itself, it includes a lower carbon-intensity target that rises from 4% in 2028 to 30% in 2035, plus an upper target increasing from 17% in 2028 to 43% in 2035.

Any ships that could not reduce their emissions intensity in line with these goals by switching to cleaner fuels would need to pay $100 per tonne of CO2 for exceeding the lower target and $380 per tonne of CO2 for breaching the upper target.”

An accord reached in London under the International #Maritime Organization [#IMO], a #UN agency, would require every ship that ferries goods across the oceans to lower their #GreenhouseGas #emissions or pay a fee.

The targets fall short of what many had hoped. Still, it’s the first time a global industry would face a price on its #climate #pollution no matter where in the world it operates. The proceeds would be used mainly to help the industry move to cleaner fuels.

nytimes.com/2025/04/11/climate

The industry produces about 3 percent of planet-warming emissions globally, on par with aviation. A cargo ship near Vancouver, British Columbia.
The New York Times · New Pact Would Require Ships to Cut Emissions or Pay a FeeBy Somini Sengupta