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.
73 Articles
73 Articles
Paris climate summit ends without a deal on global tax on shipping
The idea of a global tax on the greenhouse gas emissions produced from international shipping has been gaining traction and could potentially be adopted at a July meeting of the International Maritime Organization.
Climate summit ends without a deal on shipping tax
PARIS — Participants at a Paris summit stopped short Friday of a deal to create a tax on greenhouse gas emissions produced from international shipping, leaving climate NGOs and activists lamenting the lack of ambitious responses to fight climate change and the world’s inequalities brought forward at the meeting. The two-day gathering of world leaders and finance bosses ended without a major announcement, though organizers did release a promised …
Paris climate summit ends without a deal on global tax on shipping
PARIS — Participants at a Paris summit stopped short Friday of a deal to create a tax on greenhouse gas emissions produced from international shipping, leaving climate NGOs and activists lamenting the lack of ambitious responses to fight climate change and the world’s inequalities brought forward at the meeting. Read more...
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