Consideration of a “Green Balance Mechanism” (ISWG-GHG 16/2/4 )

This paper outlines how development of a ‘Green Balance Mechanism’ (GBM) can help deliver the environmental outcomes identified in IMO’s 2023 GHG Strategy while also providing a targeted economic and regulatory means to incentivise and enable the use of net-zero and near-zero fuels and technologies critical to the needed energy transition. The Green Balance Mechanism is designed to work as part of an integrated measure, a levy / GHG Fuel Intensity (GFI) approach, or as a hybrid measure to be considered in the development and discussion of mid-term measures.

Read the full submission document here.

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Security in the Southern Red Sea and Gulf of Aden.

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Proposal to forward a list of potential risk-prevention-related areas to the CCC Sub-Committee