A.P. Moller-Maersk A/S anticipates the International Maritime Organization (IMO) will approve a charge on greenhouse gas emissions from vessels next year, marking a significant regulatory shift for the global shipping industry.
Steps Toward Industry-Wide Decarbonization
At this week’s IMO talks in London, nations have inched closer to regulations that will reduce emissions, with potential new rules set to phase in from 2027. These regulations could include a reduction in greenhouse gas (GHG) intensity and a pollution charge, potentially costing the sector billions if fossil fuel dependence continues.
Industry Support for Practical Charges
Maersk’s Simon Bergulf supported a reasonable charge, citing Japan’s $60-per-ton proposal as achievable. However, he cautioned against a sudden high charge like $150 per ton, suggesting gradual implementation for industry adaptation.
Transforming Shipping’s Environmental Impact
Jan Dieleman of Cargill Inc. highlighted shipping’s shift from “laggard” to “leader” in the energy transition, commending the industry’s coordinated approach to decarbonization. The IMO’s finalization of these rules would make it the first industry with a unified global carbon strategy.
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Source: BNN Bloomberg
