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Major nations agree on first-ever global tax on greenhouse gases with plan that targets shipping

  • In April 2025, the International Maritime Organization agreed on a global carbon levy targeting emissions from international shipping fuels.
  • The agreement follows the IMO's 2018 emissions strategy and addresses concerns over rising transport emissions reported by the 2022 IPCC report.
  • The policy sets a fee starting at $100 per metric ton for emissions above a threshold that tightens yearly based on cargo carbon intensity, rising to $380 beyond higher limits.
  • The levy passed with 63 votes in favor, 16 against, and 24 abstentions, reflecting compromises seen as historic but insufficient by vulnerable nations and environmental groups.
  • This first binding shipping sector tax aims to reduce emissions but highlights the need to close cost gaps between fossil fuels and zero-emission alternatives.
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KPNX broke the news in Phoenix, United States on Friday, April 11, 2025.
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