Regulation: Shipping will get a global carbon price
- IMO to agree and adopt carbon price and goal-based fuel standard
- Future stringency of the CII to be set as review continues
- Lifecycle assessment of future fuels will determine whether their green ratings follow the science
In April, MEPC83 will see states agree on the legal text that will turn the IMO’s climate ambition into specific, detailed regulation. The shape of that regulation will determine shipping’s future