As we reported yesterday, the shipping community is calling for a $5 billion IMO shipping decarbonization R&D effort to be funded by a $2 per ton tax on marine fuels.
Two pacific island nations are calling for a tax on the emissions that those fuels generate.
The governments of the Marshall Islands and the Solomon Islands have submitted a proposal to IMO’s Marine Environmental Protection Committee calling for a $100 a tonne tax on ships’ CO2 emissions.
“The proposal would establish a mandatory universal GHG levy with an entry price of $100 per /CO2e with regular upward ratchets following review,” Albon Ishoda, the ambassador of the Marshall Islands to Fiji, said in a release yesterday, adding that “the majority of the funds raised from the levy would help climate vulnerable like ours meet different climate mitigation and adaption needs.”
