U.S. exits carbon talks on shipping, urges others to follow: Report

The International Maritime Authority decides on a system to reduce the huge greenhouse gas emissions of freighters. Nevertheless, many island states are angry, and the US is getting out of the talks under threats.

The member states of the International Maritime Organisation have approved for the first time a global carbon pricing system for freight ships, which, according to some states and NGOs, is too partial to achieve carbon neutrality in 2050.

UN agrees deal on shipping emissions despite US threats

The US pulled out of the climate talks at the International Maritime Organization in London this week.

Countries agree to global carbon tax on shipping after decade of talks

The agreement, which goes into effect in 2028, makes the shipping industry the first to face international binding emissions targets.

UN shipping body approves first global carbon tax

The NewsThe UN shipping body approved the first global carbon tax Friday, which would require all ships worldwide to use a less-carbon intensive fuel mix, or else pay for excess emissions from 2028.The move is part of a broader effort to reduce shipping emissions — which account for around 3% of total global emissions — to net-zero by 2050.The US did not participate in the negotiations in London, with the Trump administration rejecting efforts t…

Countries adopt world's first carbon levy at key shipping talks

A credit trading scheme was also adopted under the new mechanism.