Head of international shipping regulator says industry must do more to cut carbon pollution

  • 📰 AP
  • ⏱ Reading Time:
  • 39 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 51%

Pollution News

Greenhouse Effect,I,Taxes

Arsenio Dominguez, secretary general of the International Maritime Organization, says international shipping companies need to do more to decarbonize their fleets right now.

Nobel Prize in chemistry honors 3 scientists who used AI to design proteins, life's building blocksLanguage, lack of money and fear are matters of life and death with Milton approaching FloridaThe presidential campaigns have made over 200 visits but speak to just a fraction of American votersThe presidential campaigns have made over 200 visits but speak to just a fraction of American votersPatriots safety Jabrill Peppers is placed on commissioner's exempt list after his arrestAlfonso...

Ultimately, major decarbonizing will mean an overhaul of shipping fuel, said Dominguez, a point industry leaders agree on. Currently, the shipping industry is responsible for about 3% of global greenhouse gas emissions. Their total emissions are expected to go up sharply in future decades unless major changes are made.

Starting this year, large ships coming in and out of European ports pay taxes on their carbon dioxide emissions. In 2026, they will also pay for emissions of the greenhouse gases methane and nitrous oxide. Some industry leaders hope that a carbon levy from the IMO, which would effectively be the world’s first global carbon tax, could allow shipping companies to simply pay one carbon tax, instead of taxes in multiple jurisdictions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Head of international shipping regulator says industry must do more to cut carbon pollutionArsenio Dominguez, secretary general of the International Maritime Organization, says international shipping companies need to do more to decarbonize their fleets right now.
Source: wjxt4 - 🏆 246. / 63 Read more »

Head of international shipping regulator says industry must do more to cut carbon pollutionArsenio Dominguez, secretary general of the International Maritime Organization, says international shipping companies need to do more to decarbonize their fleets right now.
Source: ksatnews - 🏆 442. / 53 Read more »

Head of international shipping regulator says industry must do more to cut carbon pollutionArsenio Dominguez, secretary general of the International Maritime Organization, says international shipping companies need to do more to decarbonize their fleets right now.
Source: KPRC2 - 🏆 80. / 68 Read more »