We highlighted the important role of the UN’s International Maritime Organization (IMO), which must adopt stringent global measures to phase out the sector’s GHG emissions in line with the Paris Agreement’s 1.5°C goal. These measures include the use of a revenue-generating GHG / carbon pricing mechanism, with a portion of the funds being allocated to developing countries, particularly Small Island Developing States (SIDS) and Least Developed Countries (LDCs).
