US EditionExperts ponder on sharing formula of IMO's carbon tax - THE AUTHORITY NEWS
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Experts ponder on sharing formula of IMO's carbon tax - THE AUTHORITY NEWS
By Chuks Oyema-Aziken Some climate advocates have expressed fears that developing countries may bear the burden of the world’s maritime transition with the implementation of landmark carbon levy. This is as the International Maritime Organization (IMO) is poised to adopt a global emissions pricing mechanism under its Net-Zero Framework, projected to raise about $10 billion annually starting in 2028. The carbon levy hailed as a significant step t…
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