Disbursement of Revenues generated by IMO’s emission reduction measures: Is contributing to a just and equitable transition that leaves no state behind an empty slogan? How much should be spent on what by who?

Peter Nuttall^1,2, Alison Newell¹, Atina Schutz¹, Maria Sahib¹, Aileen Sefeti¹, John Fatuimoana Kautoke¹, John Tauk.ve^1,3 and Pierre-Jean Bordahandy¹

¹Micronesian Center for Sustainable Transport, Majuro
²University of Fiji
³University of Hawaiâ’i at Manoa

Abstract

The IMO’s 2023 Revised Strategy for reduction of emissions from ships includes provisions which direct a just and equitable transition. How should revenues be disbursed to ensure that the sector reduces its emissions in a way that leaves no state behind and compensates the climate most vulnerable for the pollution caused?

Keywords: International shipping; revenue disbursement; Just and Equitable Transition; GHG emissions pricing