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Major nations agree on first-ever global tax on greenhouse gases with plan that targets shipping

  • Many of the world's largest shipping nations agreed to a global tax on greenhouse gas emissions, as stated by the International Maritime Organization .
  • The agreement imposes a minimum fee of $100 per ton for emissions above set thresholds and is set to be implemented by 2027.
  • Revenue from the fees is estimated at $10 billion annually, directed into the IMO's net zero fund to support green shipping technologies.
  • Environmental groups called the deal 'groundbreaking,' but also noted that some aspects risk hindering the effective transition to decarbonization goals.
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KPNX broke the news in Phoenix, United States on Friday, April 11, 2025.
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