Submission 2 ISWG GHG 17-2-x Revenue 9 Aug

Executive Summary

In this submission the co-sponsors provide a just and equitable framework for the use of revenues required to achieve the objectives of the 2023 Strategy. The framework envisages revenue generated from both a GFS and a universal levy and disbursement to both active and passive mitigation and reparation uses. 

In determining revenue use it is necessary to clarify the terms ‘in-sector’ and ‘out-of-sector’.

Recommended text is offered for inclusion in a new Chapter 5 of MARPOL Annex VI

Download the full submission here.