Nations Meet to Consider Regulations to Drive a Green Transition in Shipping
The US opposes the first global carbon tax on shipping, citing economic risks, while the EU pushes for the measure to cut 3% of global emissions by 2050.
- The United States and European Union have squared off over a proposal to slash the global shipping industry's carbon emissions ahead of a vote this week, with Washington threatening retaliation.
- The NZF would introduce the first global carbon tax on international shipping to cut CO2 emissions and steer the sector toward the 2050 net-zero target using carbon pricing and fuel standards.
- The draft rules would require ships larger than 5,000 gross tonnage to pay for excess emissions, with revenues flowing into an IMO Net-Zero Fund that could generate $11 billion to $13 billion annually.
- Senior U.S. officials said the administration `unequivocally rejects` the NZF and warned of retaliation including port fees, visa restrictions, investigations, and commercial penalties.
- Approval hinges on support from at least two-thirds of 176 MARPOL Annex VI signatories, at least 108 member states, while global freight costs could rise 10 percent or more.
15 Articles
15 Articles

Nations meet to consider regulations to drive a green transition in shipping
Breaking News, Sports, Manitoba, Canada
Decarbonisation on the agenda: UN shipping organisation IMO meets in London.
Global Shipping Faces Emissions Pricing: A Climate Tug-of-War
Global Shipping Faces Emissions Pricing: A Climate Tug-of-War The International Maritime Organization is set to convene this week to determine whether to introduce a carbon emissions fee on global shipping. This proposal, supported by an EU-led coalition including Britain, China, and Japan, faces staunch opposition from the United States.In April, the IMO reached a preliminary agreement to charge the global shipping industry for emissions when t…
US and EU Spar Ahead of Vote to Cut Global Shipping Emissions
The European Union and US have squared off over a proposal to slash the global shipping industry’s carbon emissions ahead of a vote this week, with Washington threatening to penalize countries that back the plan.
Stage set for EU-U.S. confrontation on IMO NZF
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