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Paris summit on climate and finance ends without deal on global shipping tax

  • The Paris summit on finance and the climate did not reach a deal on a tax on greenhouse gas emissions produced from international shipping.
  • The idea of a global shipping tax is gaining traction and could raise $100bn a year, but the US, China, and key European countries are not onboard.
  • The summit had no mandate to make formal decisions, but the International Monetary Fund made $100bn worth of assets available to vulnerable countries, and several debt restructuring and renewable energy deals were announced.
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  • 42% of the sources are Center
42% Center

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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, June 22, 2023.
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