Maritime Decarbonization Monthly | Report
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The Big Picture : The Intersessional Working Group on Greenhouse Gases (ISWG-GHG) showed genuine progress on pricing greenhouse gas emissions ahead of June’s gathering of the Marine Environment Protection Committee (MEPC) at the International Maritime Organization (IMO).
Delegates moved forward with a basket of measures that contains both technical – a fuel standard – and market-based measures, such as a carbon levy. Delegates from the UK, New Zealand, and the Bahamas spoke for the first time in favor of a carbon pricing measure at the IMO.
What’s New
Ports are now emerging with decisive actions to support the decarbonization of shipping. In addition to the initiatives looking at the formation of green shipping corridors, individual ports are introducing green incentives for ships that meet emission standards or employ alternative green fuels to reduce emissions. The Maritime and Port Authority of Singapore announced that as of May 1, 2022, it is introducing enhancements to its Green Port Program to encourage environmental sustainability among ocean-going vessels calling at the Port.
