A global greenhouse gas pricing mechanism, approved at MEPC 83 this week, marks a turning point for international shipping.
For the first time, emissions will come at a cost, starting at $100 per tonne of CO2 and rising to $380 for higher-emission operations.
According to an announcement released on Friday, the International Maritime Organisation’s (IMO) decision introduces a long-awaited global economic measure aimed at pushing the sector towards cleaner fuels
