Leading transport companies warn that the International Maritime Organization (IMO) has proposed a net zero framework, it can cost more than $ 300 billion by 2035 if lost.
Also Read: Global Transport faces the historic milestone of the weather because IMO considers greenhouse gas emissions taxes
IMO, which regulates global transportation, is preparing to enact new laws next month that requires shipping to pay at least part of its greenhouse gas emissions. This framework is important for the IMO commitment to obtain zero -of -20s of net emissions, but has previously attracted criticism. The US government has rejected the plan as “global carbon tax”.
In a joint statement, ship owners, who are estimated at more than 1,200 vessels, can reach $ 20 billion to $ 20 billion by 2030, and only 10 % of its dining goals will exceed $ 300 billion in the event of a global fleet.
While the United States is still opposed, most countries voted for the framework earlier this year, and the International Transport Chamber – the representative of more than 80 % of the world’s merchant fleet – has confirmed it.
However, industry leaders argue that the current design of the Zero Net Framework (NZF) weakens the risks and undermines both decorating and competitive efforts. “It is necessary for the IMO NZF to implement GHG’s measures that are appropriate for the purpose,” the group said, which includes Stolt Tankers, Frontline PLC and Saudi Arabia. The statement urged reforms to ensure “realistic paths” and warned of “excessive financial loads and inflation pressure to the end consumer.”
The future IMO decision will be an important moment for global transportation, forms both the speed of decorating and the cost of the cost by carriers and customers.
About the Author
