While the IMO's sulphur cap on 1 January 2020 has dominated the market in recent months, the battle lines around the next phase of environmental Legislation are emerging. The role of market-based measures and top down regulation in the future direction of environmental regulation for the maritime industry is set to be discussed in IMO's 6th intersessional meeting, with proposals expected to be produced after the 7th intersessional meeting in 2020, as Stevie Knight discusses in an article in this month's edition. We expect to see a number of market-based measures to manage greenhouse gas emissions within the market, including mooted carbon trading scheme proposals put forward.
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