Poor Countries Accuse Rich Nations of Betrayal Over Shipping Emissions Deal
Poor countries have criticized wealthy nations for “backsliding” on climate commitments during negotiations at the International Maritime Organisation (IMO) aimed at decarbonizing shipping over the next 25 years, The Guardian reported. The proposed deal includes a levy on ship emissions to fund climate action in poorer nations, which are increasingly affected by extreme weather.
Despite support from many nations, powerful economies like China, Brazil, and Saudi Arabia oppose the levy, fearing it could raise consumer prices. The EU, while still in favor, may dilute the proposal. Shipping accounts for over 2% of global emissions, and without urgent action, this figure is expected to rise.
Ambassador Albon Ishoda from the Marshall Islands expressed concerns that negotiations are faltering, urging rich nations to fulfill previous commitments made in 2023 for a roadmap to decarbonize shipping by 2050. Simon Kofe, Tuvalu’s transport minister, argued that the levy would minimally impact consumer prices, estimating a potential increase of just $0.72 on a $100 pair of shoes.
The IMO talks, which conclude on Friday, are critical for establishing binding measures to reduce shipping emissions. Secretary-General Arsenio Dominguez expressed optimism about reaching a settlement, emphasizing the need for mandatory emission targets. However, experts warn that time is running out for meaningful progress.
