Governments expected to close in on a global carbon price at UN talks next week

The IMO is expected to advance negotiations on what could be the world’s first universal carbon price (e.g. a levy) on a global polluter. This policy sees consistent, growing support among the IMO’s 175 member states. Governments agreed under the IMO’s 2023 Revised Strategy that shipping needs a ‘GHG emission pricing mechanism’, and to adopt …