Climate Protection in Shipping: Germany Joins Canadian Initiative - 63 Nations Back Global CO₂ Shipping Price System, Germany Supports Green Corridors
In a significant step towards greener shipping, 63 states, including major economies, voted in favour of a global CO₂ pricing system for shipping at the International Maritime Organization (IMO). However, 16 states, including major oil producers, opposed the move.
The new legal framework, set to take effect from 2028, aims to tackle shipping's substantial contribution to global greenhouse gas emissions, currently standing at almost three percent. Germany, emphasizing the need for international cooperation, has joined a Canadian initiative to support 'international green shipping corridors' between eastern Canada and Europe, Asia, and the Middle East. These corridors aim to facilitate the adoption of climate-neutral technology in the long run.
The IMO agreed on the CO₂ pricing system in April, but its formal adoption by the IMO assembly is scheduled for October 2023. The United States did not participate in the vote, and Pacific island states abstained. Despite the opposition from some states, the Federal Ministry of Transport views the adoption of this new framework as crucial for creating globally uniform competitive conditions and providing industry planning security.
The global CO₂ pricing system for shipping, once formally adopted, will mark a significant step towards decarbonizing the shipping industry. With Germany's support for international green shipping corridors, the path towards climate-neutral technology in the sector becomes more feasible.
Read also:
- chaos unveiled on Clowning Street: week 63's antics from 'Two-Tier Keir' and his chaotic Labour Circus
- Racing ahead in Renewable Energy Dominance: Changzhou, Jiangsu Pushes for Worldwide Renewable Energy Ascendancy
- Colorado's Proposition 112: A 2,500-Foot Fracking Buffer on the Ballot
- Renault Group to Discuss Decarbonization and Circular Economy Strategies at ChangeNow 2023 Event
