To ask the Secretary of State for Transport, what assessment he has made of the potential merits of the UK Chamber of Shipping for the International Maritime Organisation's proposal to implement a market-based mechanism for carbon pricing in the maritime industry to achieve Net Zero by 2050.
29 March 2022
As host of both the International Maritime Organization (IMO) and last year’s COP26, the United Kingdom is committed to building consensus to ensure international shipping keeps pace with our Paris goal of 1.5°C degrees.
The IMO will need a suite of policy and regulatory solutions, including potentially market based measures, to deliver this increased climate ambition. Currently there are multiple proposals being discussed at the IMO and we cannot provide specific comment on these during ongoing negotiations. The UK delegation is playing an active and constructive role in the development of policy measures at the IMO.