US EditionUS blocks a global fee on shipping emissions as international meeting ends without new regulations
- On Friday the International Maritime Organization voted to postpone a global carbon price decision for one year, with 57 countries supporting the deferral and 49 opposing it in London.
- Strong opposition from Washington and Riyadh, alongside pressure from the Trump administration Thursday, forced the International Maritime Organization to delay the carbon price vote, Waltz said.
- Members had initially approved a framework in April to charge shipowners $100 per ton of CO2 over baseline and $380 fines for higher breaches; the measure would not take effect until 2028.
- The decision is a blow to the European Union and Brazil, while the International Chamber of Shipping lamented the failed vote and urged clarity on decarbonization strategies.
- The net-zero framework needs a two-thirds majority, and the International Maritime Organization meeting next week will continue discussing design and implementation details; the delay risks slowing the shift to cleaner fuels such as biofuels.
125 Articles
125 Articles
US, Saudi Arabia, others stop proposed global fee on shipping emissions
The U.S. successfully blocked the passage of a deal that would’ve established internationally mandated emission reduction targets in the shipping industry. American leadership felt the deal would’ve raised prices for consumers due to projected fees that fleet owners said could reach hundreds of billions of dollars annually. Deal blocked The International Maritime Organization (IMO) got the IMO Net-Zero Framework approved in April after 10 years …
UN postpones vote on global carbon tax after Trump-led pushback
After a U.S.-led campaign, the United Nations has postponed a vote on a proposal to impose the world’s first global carbon tax on shipping, delaying the decision by one year.The rule was expected to come up for a vote this week as part of the U.N. International Maritime Organization’s (IMO) "Net-Zero Framework." But a majority of member nations voted to defer it after failing to reach consensus amid U.S. opposition.Backed by the European Union a…
President Trump Successfully Sinks Global Climate Change Shipping Tax
After President Trump took a very visible position against the International Maritime Organization’s plan to levy a global shipping tax, the EU favored climate scam fundraiser has been stalled for a year. In addition to President Trump, Saudi Arabia, Russia and China opposed the tax on shipping. The result from the meeting in London is […]
U.S. blocks a global fee on shipping emissions at international meeting
The U.S. has succeeded in blocking a global fee on shipping emissions as an international maritime meeting adjourned Friday without adopting regulations. The world’s largest maritime nations had been deliberating on adopting regulations to move the shipping industry away from fossil fuels to slash emissions. But U.S. President Donald Trump, Saudi Arabia, and other countries vowed to fight any global tax on shipping emissions. The U.S. had threat…
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