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IMO to resume talks on market-based measures
The introduction of a global emissions trading scheme or other market-based measure to cut CO2 from ships will be back on the agenda next week at a meeting of the International Maritime Organization's environment committee (MEPC).
An IMO working group on greenhouse gas emissions met last March to discuss the recommendations of an expert group on market-based measures, but nothing has yet been agreed. Apart from emissions trading, the options include a tax on all ships or those not meeting a new energy efficiency index (EEDI), or an efficiency-linked levy.
The introduction of a market-based measure – which could be used to help provide climate aid – was discussed at last year's UN climate talks in Durban but no final agreement was made. The end of 2011 was also the deadline that the EU had set the IMO before it began looking at introducing its own regional measures.
The committee will also discuss guidelines on waste management and ship recycling, and will continue developing EEDI rules for ships not covered by the existing system.
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