A rebate mechanism for an equitable maritime emission reduction scheme ANDRE STOCHNIOL
This chapter explores a way forward to agree an equitable scheme to reduce greenhouse gas (GHG) emissions from international maritime transport (maritime emissions). It further describes how to compensate poor countries for the scheme’s cost burden. The failure of the international community to agree on how to apply the principles and provisions of the United Nations Framework Convention on Climate Change (UNFCCC) to international transport for over 15 years has resulted in an impasse between developed and developing countries. The conundrum is how to make a potential market-based measure (MBM) for maritime emissions – such as a levy on fuel – both global and differentiated, as required by the respective principles of the International Maritime Organization (IMO) and the UNFCCC.