{"id":40,"date":"2020-05-26T15:31:50","date_gmt":"2020-05-26T15:31:50","guid":{"rendered":"https:\/\/sortyourshipout.com\/?page_id=40"},"modified":"2024-02-01T07:00:34","modified_gmt":"2024-02-01T07:00:34","slug":"the-solution","status":"publish","type":"page","link":"https:\/\/sortyourshipout.com\/the-solution\/","title":{"rendered":"SOLUTIONS"},"content":{"rendered":"\n

Shipping climate action<\/h3>\n\n\n\n

Our aim is to make sure governments at the UN’s global shipping regulator, the London-based International Maritime Organization (IMO), deliver on their climate commitments<\/a>, and that they do so in an equitable way. This means putting in place policies and measures that ditch fossil fuels for zero-emission alternatives as soon as possible, while supporting states most affected by this transition.<\/p>\n\n\n\n

We already know that zero-emission shipping is technologically possible, and many companies are taking action. How? While battery electric ships<\/a> can cover short distances, long-haul intercontinental voyages can capture free, clean energy by installing modern wind<\/a> technology<\/a> systems<\/a> on their ships, and running on green hydrogen-based fuels<\/a> manufactured using 100% renewable energy.<\/p>\n\n\n\n

Governments must adopt policies to speed up this crucial transition. But cutting emissions is just a half of the story. Fairness and equity is the other. And that’s why it’s time to make shipping pay for its pollution.<\/p>\n\n\n\n

Ensuring an equitable transition<\/h3>\n\n\n\n

One of the key policies currently negotiated at the IMO is a global shipping levy, to be adopted in 2025. The levy will require shipping companies to pay a fee for every tonne of climate-heating pollution emitted from their vessels. Also known as carbon pricing<\/a>, this tried-and-tested climate policy will gradually make cheap and dirty fossil fuels more expensive, helping to close the price gap with clean energy that is currently more costly.<\/p>\n\n\n\n

The mechanism will also generate massive revenues, potentially worth billions of dollars a year. This money fits the funding needs of developing, low-income countries, especially Small Island Developing States (SIDS) and Least Developed Countries (LDCs) in South America, the Pacific, and Africa:<\/p>\n\n\n\n