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Decarbonisation Sustainability Regulation

IMO oil-exporting bloc makes its case for scrapping carbon tax

  • Iran, Iraq, Bahrain, Kuwait, Saudi Arabia, the UAE, Venezuela and Yemen argue against IMO adopting Net Zero Framework
  • Steep targets will be too hard to meet with green fuels, so companies will pay to pollute
  • Oil exporters say it could leave biofuels and LNG with ‘limited if any role’ in decarbonisation
 

  • Analysis

Oil exporters argue shipping’s global carbon-pricing scheme would fail to cut emissions, raise too much money, and disqualify biofuels and LNG

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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