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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.
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Winnipeg Free PressWinnipeg Free Press
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Nations meet to consider regulations to drive a green transition in shipping

Breaking News, Sports, Manitoba, Canada

·Winnipeg, Canada
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Decarbonisation on the agenda: UN shipping organisation IMO meets in London.

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cargoinsights.co broke the news in on Sunday, October 12, 2025.
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