High-Level Assembly to Discuss Carbon Pricing in Maritime Transport

The Global Maritime Forum – an international not-for-profit foundation committed to shaping the future of global seaborne trade – is represented at the CPLC Third High-Level Assembly 2018 in Washington, DC today. The High-Level Assembly takes place as part of the World Bank Group/International Monetary Fund Spring Meetings, and focuses on the opportunities, benefits, and concerns related to carbon pricing.

Prior to the meeting the Global Maritime Forum’s Vice Chairman and Managing Director of LADOL, Dr. Amy Jadesimi, commented: “Last week, member states of the United Nations International Maritime Organization adopted an initial strategy to reduce the total annual GHG emissions from international shipping by at least 50% by 2050. This target could energize the private investors and operators in the maritime sector to immediately begin investing in new sustainable business models, assets (from ship yards and ships to ports) and financial solutions including carbon pricing. I therefore urge policy makers to continue setting bold targets and laying out a clear path to zero emissions.”