Multiple Choice Questions on At the 83rd session of the Marine Environment Protection Committee MEPC 83 a landmark vote was held ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

At the 83rd session of the Marine Environment Protection Committee MEPC 83 a landmark vote was held ...........

Environment and Ecology Air Pollution
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    At the 83rd session of the Marine Environment Protection Committee (MEPC-83), a landmark vote was held to adopt a Market-Based Measure (MBM) for decarbonising international shipping. The proposals included options like a fixed levy per tonne of CO2, a market-driven compliance unit trade, a fixed GHG levy managed by an IMO-administered fund, and a 'bridging mechanism' targeting under-compliant ships. What was ultimately adopted by the IMO?
    A fixed levy per tonne of CO2.Incorrect Answer
    A market-driven compliance unit trade.Incorrect Answer
    A hybrid model with a GHG Fuel Standard and tiered system.Correct Answer
    A fixed GHG levy managed by an IMO-administered fund.Incorrect Answer
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    Explanation:

    Option 1 is incorrect because while a fixed levy per tonne of CO2 was proposed by the International Chamber of Shipping, it was not adopted.

    Option 2 is incorrect since China proposed a market-driven approach with compliance unit trading, but it was not adopted.

    Option 3 is correct as the IMO adopted Singapore's hybrid model, influenced by India's proposal, including a GHG Fuel Standard and a tiered system.

    Option 4 is incorrect because the fixed GHG levy was the European Union’s proposal and not adopted by IMO.

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