International Pressure Mounts to Impose a Tax on CO2 Emissions on the Global Maritime Sector
The world is increasingly pushing for a tax on CO2 emissions in international maritime transport, with proposals that are dividing countries in support and opposition. The European Union, Canada, Japan, and 44 other countries are in favor of this measure, which could generate over $80 billion annually to boost the development of cleaner fuels. However, China, Brazil, and other developing countries argue that this could harm their economies.
Proposals range from a direct tax on emissions to fuel emission intensity limits, with disputes over who would administer the tax and how the revenues would be used. The EU even threatens to include more maritime transport emissions in its carbon market if a global agreement isn’t reached by 2028.
For companies specializing in foreign trade, these discussions have significant implications. Changes in maritime transport prices could affect operating costs and the competitiveness of businesses. Additionally, shifting regulations could influence supply chain strategies and the choice of trade routes.
It’s essential for companies to stay informed about these negotiations and their potential repercussions. Staying abreast of evolving policies and adapting business strategies accordingly could be crucial in an increasingly globalized and regulated business environment.
To read the full article: https://www.mundomaritimo.cl/noticias/aumenta-presion-internacional-para-imponer-una-tasa-a-las-emisiones-de-co2-al-sector-maritimo-mundial