Trump leaves this week’s green talks at IMO up in smoke

The most eye-catching scene from the ongoing 83rd gathering of the IMO’s Marine Environmental Protection Committee (MEPC) are the three empty seats reserved for the US delegation, with the Trump administration not only avoiding the meeting, but, like its tariff tactics, letting it be known that it would look to add reciprocal charges if any US-flagged ships face higher fuel bills.

This week’s MEPC is deciding on whether to implement a universal greenhouse gas (GHG) levy or contribution and/or a GHG fuel standard, both of which are aimed at meeting IMO’s green targets that push shipping to become a net-zero industry by 2050.

The Trump administration, however, has made clear it will have nothing to do with the discussions. On Trump’s first day back in office, he pulled the US out of the United Nations-brokered Paris Climate Agreement, and now he has acted in a similar fashion at another UN body.

In its rebuttal of this week’s talks, the US claimed that by pursuing a net-zero industry shipping would need to rely on “hypothetical expensive and unproven fuels”.

Splash had already reported on Monday that the chances of a universal carbon levy being agreed by member states this week looked slim.

A compromised text proposed during last week’s greenhouse gas (GHG) working group meeting excluded a universal levy and included tiered GHG fuel intensity requirements instead.

“I have real concerns that the package being shaped may not be one that truly protects the most vulnerable or ensures no one is left behind,” commented Albon Ishoda, the Marshall Islands’ special envoy for maritime decarbonisation.

MEPC runs through to Friday evening with Splash set to report on the key takeaways from what had been billed in the run-up as one of shipping’s most important green gatherings ever.

Source: Splash247.com

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About Stu Turley 4798 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.