WSC views on the development of a global market-based measure for shipping (ISWG-GHG 12/3/1)

IMOInternational
Written By Anna Larsson

The IMO GHG Working Group and MEPC are expected to consider what role and form a market-based measure (MBM) may play in IMO’s revised GHG Strategy. This paper offers views on some of the key architectural issues to be considered in an MBM. These include: purpose, the foundational unit of the MBM, determining the “carbon price,” mechanisms to set the relevant price, “buy-down” programmes, payment mechanism, costs to trade and related equity considerations, use of MBM funds, and out-of-sector offsets.

Download the paper ISWG-GHG 12/3/1 here

Anna Larsson
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