Pacific Islands To Levy Ships for this Reason

  • The shipping community has called for a $5bn IMO shipping decarbonization R&D effort.
  • It is to be funded by a $2 per ton tax on marine fuels.
  • However, the Marshall Islands and the Solomon Islands are also calling for a tax on the emissions that those fuels generate.

A recent news article published in the Insurance Marine News reveals that Pacific islands propose levy on ships’ GHG emissions.

The two island states

The relevant governments of the two island states have submitted a proposal to...

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