NewClimate MBM for maritime emissions

This paper explore three different options for a market-based measure to address the climate impact of international shipping: an offsetting scheme, a maritime emissions trading scheme, and a climate levy. Propose four criteria to evaluate the choice of a market-based measure in the sector, apply these criteria to the three options, and make recommendations as an input into discussions on carbon pricing for the International Maritime Organization. Conclude that a climate levy would be the most appropriate measure to help decarbonize the sector in keeping with the goals outlined in the Paris Agreement.

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