Danish Shipping Pushes for Fuel Pricing Mechanism

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  • Danish Shipping advocates for a pricing mechanism to reduce the cost gap between fossil fuels and green alternatives for shipping.
  • The IMO’s 82nd Marine Environment Protection Committee (MEPC) meeting is pivotal in advancing climate-neutral shipping by 2050.
  • A fair and equitable transition, including support for Small Island Developing States, is essential in climate agreements.

Danish Shipping is pushing for a pricing mechanism to reduce the cost disparity between fossil fuels and green fuel alternatives in the shipping industry, reports SAFETY4SEA.

Key Discussions at MEPC 82

Nina Porst, Director of Climate, Environment, and Security at Danish Shipping, highlighted the importance of building on the progress from last summer’s climate agreement. She noted that while breakthroughs might not be expected, ongoing negotiations are crucial.

The 82nd Marine Environment Protection Committee (MEPC) meeting brings together 176 IMO member countries to discuss climate-neutral shipping by 2050. This meeting is vital for shaping future regulations.

Danish Shipping’s Support for Climate-Neutral Shipping

Danish Shipping supports the aim of climate-neutral shipping and proposes essential measures, including creating a pricing mechanism to bridge the cost gap between different fuel types.

The organization also suggests establishing a technical framework to lower greenhouse gas intensity and recommends adopting a “well-to-wake” approach, considering the entire life cycle of fuels.

Financial Support for Small Island Developing States

Danish Shipping emphasizes the need for financial support and aid for Small Island Developing States. Climate change affects these disproportionately.

Ensuring an equitable and just transition for all nations, particularly vulnerable countries, is key to achieving sustainable climate agreements.

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Source: SAFETY4SEA