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EMISSIONS: Governments to Inch Closer to Finalising Shipping CO2 Levy

EMISSIONS

Governments are expected to inch closer to a global carbon price with discussions expected to continue at the next UN’s IMO meeting on 17-21 February according to Hellenic Shipping News.

  • The EC and 48 countries previously suggested the global carbon price should be within the range of $18-150/ton GHG.
  • The GHG emission pricing mechanism for the shipping sector needs to be finalised by April 2025. 
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Governments are expected to inch closer to a global carbon price with discussions expected to continue at the next UN’s IMO meeting on 17-21 February according to Hellenic Shipping News.

  • The EC and 48 countries previously suggested the global carbon price should be within the range of $18-150/ton GHG.
  • The GHG emission pricing mechanism for the shipping sector needs to be finalised by April 2025.